News
Liiba and EY publish report to address Brexit uncertainty
The London and International Insurance Brokers’ Association and EY have published a report to address uncertainty regarding the ability of intermediaries to place and service European risk from the UK post-Brexit.
Kanye West settles lawsuit against Lloyd’s syndicates
Kanye West has settled his lawsuit against Lloyd's of London syndicates.
European Commission backs IDD delay
The European Commission has ratified proposals put forward by the Financial Conduct Authority to postpone the application date of the Insurance Distribution Directive.
Allianz buys an additional 30% of Euler Hermes
Allianz has increased its shareholding in Euler Hermes to 92.43%
Axis reports GWP boost despite underwriting loss
Axis Capital's insurance segment saw fourth quarter gross written premiums increase 47%, bolstered by the group’s acquisition of London market carrier Novae.
Brit’s Versutus sidecar expands to $187m
Brit has expanded the capacity of its fully collateralised reinsurance sidecar Versutus, which now has invested capital of $187m.
Bought by Many launches 'no form' claims process
Bought by Many has launched a 'no form' online claims process for customers claiming on their pet insurance.
Premier League injuries cost £134m this season
Premier League football clubs have paid out more than £134.2m in wages to injured players so far this season, according to JLT Specialty.
Starling Bank launches app-based platform for insurtech partners
Start-up Starling Bank has named insurtech firm Kasko among the first wave of financial services partners whose products will be available through its in-app Marketplace.
FCA names Bailey incoming FSCS chair
The Financial Conduct Authority and the Prudential Regulation Authority have named Marshall Bailey as chair of the Financial Services Compensation Scheme with effect from 1 April 2018.
Nexus snaps up Apsley Specialty
Nexus Group has acquired Lloyd's coverholder Apsley Specialty.
Adjusters 'must demand Brexit clarity from insurers'
Loss adjusters working for multi-national insurers in Europe must challenge them on their Brexit preparations, said Paul May, director of the International Association of Adjusting Federations.
Eleanor insured losses estimate updated to £571m
Extratropical Cyclone Eleanor is estimated to have caused €643m (£571m) in insured property market losses, according to Perils.
Central Bank of Ireland orders CBL Insurance to boost reserves
CBL Insurance Europe has been ordered by The Central Bank of Ireland to bolster its capital and reserves.
Whiplash reforms could come in April next year
The government will implement its personal injury reforms in April next year, sources have said.
Cunningham Lindsey Sweden names Frick CEO
Cunningham Lindsey has named former Crawford boss Claes Frick as CEO for its Swedish business.
Argo Global launches Lloyd’s motor treaty consortium
Argo Global has launched of the first Lloyd’s market consortium for motor treaty business.
BHSI gets the green light for Dubai business
Berkshire Hathaway Specialty Insurance Company has received its insurance license from the Dubai Financial Services Authority and established an office in the Dubai International Financial Centre.
Euler Hermes names three top board positions
Trade credit insurer Euler Hermes has named its new chief financial officer, chief operating officer, and head of market management.
Insurtech Policy Castle seeks £1m in investment as it looks to grow
Insurtech start-up Policy Castle has become the latest venture to seek funding, with a stated ambition to raise £1m.
Keoghs completes acquisition of Hill Dickinson's GI business
Keoghs has completed its acquisition of Hill Dickinson’s general insurance business.
Full year group income up 10% at Euler Hermes
Euler Hermes reported a 10% boost in group net income for the year ending 31 December 2016.
Direct Line anticipates profits surge at full year
Direct Line expects to report profits of approximately £610m for the year ended 31 December 2017, according to a trading statement.
‘Tidal wave’ of alternative capital to disrupt reinsurance market: Aon CEO
Reinsurance renewal rates were beaten down on 1 January by alternative capital markets, Aon Benfield’s CEO said, warning they are poised to be a major disrupter against traditional reinsurance in future.