News
Gallagher employee jailed over £500,000 fraud
A claims manager who defrauded his employer, Arthur J Gallagher, out of more than half a million pounds, has been jailed.
GI insurers to face 175% FSCS levy hike
Insurers will face a £56m Financial Services Compensation Scheme levy hike in 2018/19.
In My Bag targets £500,000 in funding round
Gadget replacement insurtech In My Bag will begin a £500,000 funding round through crowdfunding platform Seedrs.
Beazley continues European expansion
Beazley has bolstered its specialty lines teams Munich, Paris and Barcelona as it continues to target European growth.
Motor premium growth slows despite Ogden fears
Motor premiums have risen at their slowest rate in 2017 for the first time in recent years, and declined 1.3% in the last quarter.
Insurtech launches travel insurance for people with serious illnesses
Bought by Many has launched European travel insurance for people with serious health conditions like cancer.
Ardonagh sells remaining Broker Network stake for up to £30m
Nevada Investment Holdings has purchased the remaining 19.9% of Broker Network from Ardonagh Group.
Chubb creates personal lines division in Singapore
Chubb has established a personal lines division for its Singapore operations.
QBE hires from Allianz for head of SME, Australia and New Zealand
Australian giant QBE has hired a senior manager from Allianz for a newly created SME role.
McLarens makes two senior appointments
McLarens has appointed Ross Landsbaum as chief financial officer and Adam Weiner as senior vice president, IT strategy & operations.
Mobile app Honcho takes aim at price comparison websites
A mobile app is aiming to compete with price comparison websites by creating a ‘reverse auction’ market place for car insurance after raising £850k in investment.
Stuart Vann 'was not fired', says Esure CFO
Stuart Vann was not fired, Esure's chief financial officer has said.
Week in Post: Carillion collapse and the executive merry-go-round
It was oddly coincidental that it was Blue Monday, the most depressing day of the year, when Carillion collapsed – placing 20,000 jobs at risk.
Steve Beslity to retire as chairman of Aon Global Marine
Steve Beslity, chairman of global marine at Aon Risk Solutions, is to retire by mid-2018.
Drone usage in insurance claims faces cyber and regulatory challenges
Inconsistent regulations and risk of hacking are among the challenges that need to be overcome as loss adjusters are increasingly using drones to assess insured damage, said Nick Barber, head of property & energy claims - Europe at AIG.
Brexit and PPL top of the agenda for Liiba
The London and International Insurance Brokers’ Association is to focus on getting brokers signed up to electronic trading platform Placing Platform Limited over 2018.
Thomas Miller buys Brookes Bell Group
Thomas Miller has acquired specialist marine and energy consultancy Brookes Bell Group for an undisclosed sum.
Esure boss Stuart Vann steps down with immediate effect
Esure CEO Stuart Vann has stepped down with immediate effect.
Hong Kong revamps complaints bureau
Hong Kong has changed the structure of its insurance complaints organisation.
Barron to swap PWC for AIG
AIG has created a government regulatory role for its international businesses.
Blockchain pilots will be weighed on their merits
There may be several Blockchain prototypes available for companies to choose from at present but there will be a "narrowing" in terms of successful models later on, a consultant said.
Integra Insurance Solutions to consult over 17 redundancies
Exclusive: Integra Insurance Solutions is consulting over making 17 staff redundant as it looks to streamline its operations.
Some insurtech investment doesn't make sense, conference hears
Some investment criteria into insurtech start-ups “don’t make sense over time”, said Neil Harrison, global head of claims at Aon Risk Solutions, warning against “innovation that is going to cause dissatisfaction”.
Marsh threatens to ‘squash’ insurtech Marshmallow over use of name
Insurtech start-up Marshmallow faces a legal challenge from broker Marsh over the use of its name.