News
Fraud category for Claims Awards Asia-Pacific 2017
Entries are open for this year's Claims Awards Asia-Pacific.
Cupitt promoted at McLarens
Global loss adjuster McLarens has promoted Australia marine manager John Cupitt to head of the company's global marine division.
Aegis' John Chase joins Schillings as partner
Reputation and privacy firm Schillings has named the former head of crisis response at Aegis, John Chase as partner.
Firms that have made Brexit contingency plans may face difficulties, FCA says
The Financial Conduct Authority said Brexit contingency plans of some companies could cause them "difficulties" in future.
PIB acquisition spree continues with Franklands Insurance capture
PIB has acquired Derby and Burton on Trent-based Franklands Insurance and Risk Management.
Motor premiums see biggest spike ever following Ogden
Motor premiums have seen the biggest rise “ever recorded” owing to the government’s decision to raise Insurance Premium Tax and cut the discount rate.
ICICI Lombard files for IPO
Indian general insurer ICICI Lombard has filed a draft prospectus for an IPO for 19% of its shares.
Covered agreement given the go ahead from Trump administration
The Trump administration has announced that it will honour the covered agreement, which aims to create uniform rules dealing with insurance and reinsurance transactions between the United States and European Union.
Constructaquote sees 34% profit increase in 2016
Broker Constructaquote reported a 34% profit increase of £663k in 2016.
Nexus acquires Equinox Global
Managing general agent Nexus Group has acquired Equinox Global, a registered and approved Lloyd’s Coverholder, and all other Equinox group companies.
Extreme cyber attack could cost as much as Superstorm Sandy, says Lloyd’s
A major global cyber attack could trigger $53bn of economic losses, the equivalent 2012’s Superstorm Sandy, according to a report from Lloyd’s.
Lloyd’s Secrett joins Tokio Millennium Re
Tokio Millennium Re has named Lloyd's interim head of underwriting performance Brian Secrett as chief underwriting officer.
Axis receives regulatory nod for managing agency
Axis Capital Holdings has received final approval from the UK’s regulators and Lloyd’s to launch its own Lloyd’s managing agent.
Obituary: Ian Posgate, the ‘Goldfinger’ of Lloyd’s
He was nicknamed Goldfinger and was a controversial figure, both admired and reviled for the huge influence he wielded over Lloyd’s in the 70s and 80s.
Week in Post: Brexit, redundancies and consolidation
This week we saw the ‘Great Repeal Bill’ being introduced to Parliament, a key waystone on the long and arduous journey to leaving the European Union.
Co-op Insurance weighing up FCA sandbox application to boost digital presence
Co-op insurance is considering submitting an application to the FCA’s Sandbox and is aiming to make the business even more digital.
Towergate holding group renamed Ardonagh Group
The Towergate holding group company has officially been named Ardonagh Group.
Bupa data breach could have led to £440m fine under GDPR rules
Bupa’s breach of 108,000 records could have cost the company £440m under data protection rules to be introduced next year.
Bupa forced to apologise to 108,000 customers after data breach
Health insurer Bupa has been forced to inform 108,000 of its customers of a data breach after an employee “inappropriately copied and removed” sensitive information.
ABI calls for cross-party collaboration on Brexit
The Association of British Insurers has called on the government to establish a framework for cross-party cooperation over Brexit.
EU watchdog warns against 'letter box' post-Brexit hubs
Europe’s insurance watchdog has warned firms and regulators against setting up post-Brexit shell companies that delegate operations to parents in London.
Higos acquires Colin Fear Insurance Services
Higos has acquired Colin Fear Insurance Services, its second deal since being bought by GRP.
33% of insurance customers 'will request for their data to be deleted'
One in three insurance customers will exercise their right to be forgotten under the General Data Protection Regulation.
Fashion firm faces £40m FCA bill for mis-selling GI products
A fashion company may be facing a bill of £40m from the Financial Conduct Authority after mis-selling GI products.