News
Insurtech Laka expands to Asia following investment round
Crowd insurance start-up Laka has received £1.1m in seed funding as it prepares to launch in Asia and expand further in the UK.
Further M&A on the cards in AIG turnaround
AIG CEO Brian Duperreault has suggested that the insurer intends to make further acquisitions, following on from its purchase of insurance, reinsurance and asset management service provider Validus.
European insurance stocks took a nose dive after Amazon home insurance rumours
Stocks in European insurance firms took a nosedive today as traders reacted to a report which indicated that tech giant Amazon is looking to offer home insurance.
Over a million flock to FCA PPI website during £4.9m Arnie campaign
Almost 1.7m individuals have viewed the FCA’s PPI website since it debuted its Arnold Schwarzenegger-fronted advertising campaign.
RSA Luxembourg gets thumbs up from regulator
RSA’s Luxembourg insurance hub has been granted approval by the country’s regulator, the Commissariat aux Assurances.
German insurtech receives $30m funding led by Peter Thiel's VC firm
German start-up Coya has received further series A investment of $30m (£22.37m) led by Paypal co-founder Peter Thiel’s Valar Ventures.
Editor's comment: Which hat fits?
I wear many hats. As a single working mum, I have to deal with financing and running a household, managing a team of staff and producing a high-quality publication, and raising a rounded young man who I hope will take on the world in the future.
Interview: Steve Treloar and Jon Dye, LV and Allianz
When Allianz acquired 49% of LV’s general insurance business, it set the market talking. Martin Croucher talked to the CEOs of both businesses to chart their progress
FCA reveals regulation crackdown on CMCs
Claims firms will have to provide customers information on alternative, free options to their services, under tough new rules proposed by the Financial Conduct Authority.
Lanes Group-backed Evolution claims fixed fee model will become the norm after Ageas win
Evolution Claims Management has secured a new contract to provide building claims management services to Ageas Insurance, its first since attracting investment from Lanes Group.
Marsh group MGA eyes growth as it rebrands as ‘Victor’
Managing general agent the Schinnerer Group will rebrand as ‘Victor’ and is looking to double the $1bn in premiums that it already underwrites.
Markerstudy consolidates businesses into ‘super’ MGA
Markerstudy is consolidating its UK business units into a single ‘super’ managing general agent.
Qatar Re acquisition of Markerstudy still hangs on regulatory approval
Exclusive: Markerstudy is still waiting on its new parent Qatar Re to gain regulatory approval for the acquisition.
Ryan Specialty snaps up Lodestar Marine, announces equity investment
Ryan Specialty Group has completed the acquisition of Lodestar Marine.
Allianz worst hit European insurer by Q1 nat cats
First quarter natural catastrophe losses cost Allianz €311m, more than any other insurer.
Amazon Protect MGA snapped up in $2.5bn deal
The company that underwrites warranty insurance for Amazon products has been acquired by a rival firm in a $2.5bn deal.
Post survey: Impact of insurtech
Start-ups, insurers, brokers and MGAs, take part in our survey on insurtech.
Howden names José Manuel González as CEO
Hyperion-owned broker Howden has named José Manuel González as CEO of Howden Broking Group.
Allianz replaces Aviva capacity for GRP-backed Higos
Allianz will provide capacity for Higos’ SME business, following Aviva’s decision to cancel agencies with all GRP-backed brokers.
Analysis: Is Scotland emerging as a heartland for personal injury claims?
The proposed Civil Liability Bill is set to introduce sweeping changes to the way soft tissue injury claims are paid out in England and Wales. In Scotland though, it would seem as though the effect of the whiplash reforms south of the border could…
Scor issues first UK cat bond in vote of confidence for London ILS regime
Scor has become the first reinsurer to use the new UK ILS regime to issue a catastrophe bond.
This week: The power of the collective
The Post team is feeling proud this week, having not just reached our fundraising target of £500 for our charity run through mud but having exceeded it well before deadline date. Thanks to all that have supported us so far.
Nat Cats push specialty market into costliest year on record
The UK specialty insurance market suffered the costliest year on record in 2017 as natural catastrophe activity took its toll on underwriting performance.
Marcell named Aon’s reinsurance head
Aon has named Andrew Marcell as CEO of Reinsurance Solutions.