News
Novae backs Fiducia engineering facility
Fiducia MGA has launched an engineering facility with capacity provided by Lloyd’s syndicate Novae.
Gallagher boosts Scandinavian footprint with broker purchase
Arthur J Gallagher has acquired Scandinavian property and casualty broker Nordic Försäkring & Riskhantering for an undisclosed sum.
Direct Line tops the poll for new GI complaints
Direct Line, Aviva and Ageas are among the firms to have the most new GI complaints made about them to the Financial Ombudsman in H1.
Join our live webinar on diversity
Post has teamed up with the Chartered Insurance Institute for a webinar on diversity and inclusion in the industry.
Construction and engineering MGA Ensurance launches in UK
Construction and engineering managing general agent Ensurance has launched in the UK this month.
Ingenie to expand telematics footprint, announces tie-up with Ageas’ Back Me Up
Exclusive: Young driver and telematics specialist Ingenie is poised to branch out into non-motor products and expand its underwriting footprint to older UK drivers.
Analysis: Repair costs
The questionable practice of marking up at-fault repairs continues, despite resistance in some quarters. Will this status quo ever be challenged?
XL Catlin hires former AIG underwriters in Asia
Global insurer XL Catlin has recruited two former AIG experienced members of staff in Asia.
State of emergency in Florida as Hurricane Irma approaches
Florida governor Rick Scott has declared a state of emergency for every county in the state as powerful storm Hurricane Irma approaches.
R&Q to continue trend of disposals and acquisitions in H2
R&Q will continue to dispose of non-key assets in the second half of the year following a 345% increase in pre-tax profit in H1.
Harvey unlikely to drive ratings downgrades
Hurricane Harvey is unlikely to trigger ratings downgrades for property and casualty insurers and reinsurers, said Fitch Ratings.
Helvetia posts 8% boost in profits for H1
Swiss insurance group Helvetia increased its profits by 8% to SFr 258m (£208m) in the first half of 2017.
Ransomware attacks account for 25% of all hacks across UK businesses
Ransomware hacks now account for 25% of cyber attacks in the UK, according to research.
R&Q profits up by 345% in H1
Randall & Quilter has seen a 345% increase in pre-tax profit in H1 over the same period last year.
Chubb bolsters cyber underwriting team in Asia-Pacific
Global P&C insurer Chubb has made one promotion and relocated another staff member to bolster its Asia-Pacific cyber team.
Harvey could be most expensive natural disaster in US history, says AccuWeather
Hurricane Harvey could be the most expensive natural disaster in American history, costing the US economy $190bn, according to AccuWeather.
Charlotte Halkett moves to BuzzMove sister company as it looks to move into household insurance
Ex-Insure The Box communications general manager, Charlotte Halkett, has been appointed as managing director of insurtech company BuzzVault as it looks to expand into household insurance.
MGR names Vasquez head of international underwriting
Mapfre Global Risks has named Carlos Vasquez as international head of underwriting.
Worry+Peace enters partnership with SchemeServe
Cloud-based insurance software provider SchemeServe has entered a partnership with insurtech start-up, Worry+Peace, to provide brokers access to distribution channels.
This week in Post: Thoughts with Texas
The world watched with horror last weekend as Hurricane Harvey made landfall, its high winds bringing devastation to Texas. It’s been downgraded to a tropical storm but the floods from its torrential rains continue to wreak havoc.
UK Insurtech investment brings in £218m in the first half of 2017
Investment in UK insurtech has increased to £218m in the first half of 2017 compared to £7.3m in the previous year.
Economic losses from Harvey could top $90bn
Economic losses caused by wind, storm surge, and inland flooding from Hurricane Harvey could be as high as $90bn (£69.6bn), according to data from risk modelling firm RMS.
Marshall Wooldridge acquires Sheffield-based ECS Brokers
Broker Marshall Wooldridge has acquired ECS Insurance Brokers a year on from itself being acquired by Global Risk Partners.
Mike Reeves joins Vericlaim's international business development board
Mike Reeves, has joined the international business development team of Vericlaim’s parent company, Sedgwick, after spending 40 years at Crawfords.