News
QBE to repay millions in Australia following add-on review
Australian giant QBE will repay customers A$15.9m (£9.6m) following a review of add-on insurance sales by the Australian Securities and Investments Commission.
Willis Towers Watson's Schreiber to join JLT in Hong Kong
Willis Towers Watson senior director Kurt Schreiber will be leaving the global and broking advisory firm to join rival JLT.
AA fires executive chairman for ‘gross misconduct’
The AA has fired its executive chairman Bob Mackenzie for "gross misconduct".
Direct Line results strengthened by weaker than expected Ogden hit
Direct Line’s strong H1 results were in part helped by the insurer taking a smaller hit from the change to the Ogden rate than expected.
Fadata in 'investment mode' as it acquires technology specialist Impeo
Exclusive: Fadata Group has acquired Munich-based technology specialist Impeo and its subsidiaries.
Lord Justice Jackson scales back fixed recoverable costs proposal
Lord Justice Jackson has recommended extending fixed recoverable costs for fast-track legal cases and a new fixed cost intermediate track for claims worth up to £100,000.
Homelyfe appoints Peter Barrett as chairman
Insurtech company Homelyfe has hired ex-Genworth Financial managing director, Peter Barrett as chairman of the business.
Go Compare to invest in new businesses following strong results
Go Compare is looking to invest in tech businesses after revealing strong H1 results.
Ascot launches standalone MGA platform, appoints former AIG executive
Ascot has named former AIG executive Greg Wolyniec as new head of global strategy, effective 31 July 2017.
Neon names Boorman head of financial lines
Specialty carrier Neon has named Charles Boorman head of financial lines.
Go Compare sees profit rise in H1
Go Compare saw its profit before tax rise 1.7% in H1, to £39.6m from £34.5m for the same period last year.
Towergate takes aim at specialty market with Geo Specialty launch
Towergate Underwriting has set its sights on the London speciality market through the launch of Geo Specialty.
Insurers in call for clarity over autonomous and assisted technology
Insurers have today highlighted the potential dangers of the ambiguities surrounding autonomous driving and driverless technology.
Direct Line reports increase in profit despite home taking a hit
Direct Line Group has reported that its profit before tax has gone up by 14% to £341.4m in the first half of 2017, compared to £298.5m in the H1 2016.
Argo Global makes two senior appointments
Argo Global has appointed Dominic Kirby as managing director as David Harris prepares to step down and take on a new role.
Elite took regulator to court in lead up to closure
Elite took Gibraltar’s insurance watchdog to court in the lead up to its closure, it has emerged.
Ogden decision to be unveiled this week
The government’s response to the Ogden discount rate consultation will be published on Thursday.
GDPR to boost UK cyber insurance take up, says Hiscox CEO
Incoming European data regulations will drive demand for cyber insurance in the UK, according to Hiscox’s CEO.
Man sentenced to a year after fraudulent personal injury claim
A man has been sentenced to a year behind bars after attempting to claim hundreds of thousands of pounds following a work injury.
THB Group names Botelho as European director
Specialist insurance and reinsurance broker, THB, has appointed Rodrigo Botelho as director of its European division.
Dale Underwriting Partners receives Lloyd's nod on contingency SPA
Dale Underwriting Partners has been granted in principle approval by the Lloyd’s Franchise Board to establish a special purpose arrangement.
Questgates acquires majority interest in Hyperion Adjusters
Questgates has agreed to acquire a majority interest in London-based Hyperion Adjusters.
Analysis: Killer cars
How is the industry reacting to emerging terror trends?
Hiscox sees profit and GWP rise in H1
Hiscox saw its gross written premiums increase to £1.45bn in H1, a 13% rise on the same period last year.