News
Gallaghers & Co sees steep rise in broking profits for Q4
Arthur J Gallagher & Company's brokerage segment saw pre-tax profit rise to $123.9m (£98.82m) in Q4 2016, a 69% increase on the $73.3m earned over the same period last year.
European insurers hoping to emulate UK’s ‘aggressive’ fraud data sharing regime
Half of insurers in Europe that don’t currently share information with competitors on fraud wish to do so, according to a survey.
DWF saves Triton on day of administration
Law firm DWF acquired Triton on the day that the multidisciplinary organisation went into administration.
PIB continues acquisition spree with York broker capture
PIB has confirmed the acquisition of York-based broker D E Ford.
Flood Re to hit 130,000 policies by April
Flood Re is on track to back 130,000 policies in its first year of operation, the scheme’s chief financial officer Adam Golding told Post.
Government publishes bill to trigger Article 50
The government’s bill to trigger Article 50 and exit the European Union has been published today with a Parliamentary debate scheduled to take place on Tuesday of next week.
Swiss Re and XL Catlin get go-ahead for Indian branches
Swiss Re and XL Catlin have both received the go-ahead from the Insurance Regulatory and Development Authority of India to open a branch in Mumbai.
SME focus more on price than scope of cover
Only four out of 10 small to medium enterprises rank scope of cover as the top deciding factor when buying insurance.
Hiscox rolls out new security incident response policy
Hiscox has launched a new security incident response policy to protect SMEs against terrorism, bribery, extortion and industrial espionage.
Telematics firm Kroodle looks to high risk customers of parent Aegon
Dutch insurer Aegon is using its start-up telematics provider Kroodle to improve driving performance of customers with high claims volumes.
Italian earthquake losses updated to £106m
Perils has updated its loss estimate for Italy’s October earthquakes from €31m (£26m) to €125m (£106m).
UK could be downrated as a result of Brexit, says Fitch
A hard Brexit may lead to the UK's sovereign rating being downgraded.
Generali terminates chief financial officer Minali's contract
Generali's general director and chief financial officer Alberto Minali has had his employment terminated.
Allianz warns over role of data for semi-autonomous cars
Allianz has called for data recorders in semi-autonomous vehicles, in order to determine potential driver error in cases of an accident.
Intesa weighs bid for Generali
Italy's largest bank Intesa Sanpaulo is investigating a potential bid for Italy's largest insurer Generali.
Direct Line launches new telematics app to reduce risk of crashes in young drivers
Direct Line has launched new telematics app to promote safe driving in drivers aged 17-25-years old and reduce the risk of crashes.
Start-up broker Cuvva launches pay-as-you-go motor insurance
Pay-as-you-go broker, Cuvva is to launch a car insurance product for people who use their vehicles infrequently.
Treasury Committee on Solvency II post-Brexit hears evidence from ABI and Lloyd's
Industry leaders gave oral evidence on Wednesday to a Treasury Committee on Solvency II post-Brexit.
Compre buys W&W's Ridgwell Fox legacy business
Compre is to acquire Wüstenrot & Württembergische's share of the Ridgwell Fox pool legacy reinsurance business.
Lyons to retire as chairman of Admiral
Admiral Group non-executive chairman Alastair Lyons will retire from the position this year, after stating that he will not seek re-election at the group's general meeting in April.
Inflexion Private Equity buys out telematics specialist My Policy
Inflexion Private Equity has bought out telematics specialist My Policy and brought in Mark Wood, who previously held a CEO position at Axa, as chairman.
Aon group president Steve McGill to leave
Aon group president Steve McGill is to leave the firm.
New venture Vizion looking to attract brokers disillusioned with consolidation
Vizion founders Chris Blackham and John Sims have told Post they are looking to bring brokers disillusioned with larger consolidated firms on board.
Ed appoints Corke as CEO of underwriting
Newly rebranded Ed has appointed Gary Corke as CEO of underwriting.