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Government delay to claims portal expected within days
Industry experts have predicted that the government is ready to delay the upcoming launch of the claims portal with an announcement expected “very soon”.
Restructuring costs weigh on Ageas' 2019 profits
Ageas UK saw its profitability slump by 21% last year, reporting full-year profits of £60.3m compared to £76.7m in 2018.
Call Connection creditors set to share £246,000 as claims hit £4.7m
Call Connection creditors will share a payout of around £246,000 as claims from secured and unsecured creditors total £4.7m, administrators BDO have estimated.
Post Office switches from BGL panel to Ageas home insurance partnership
Post Office Insurance has teamed up with Ageas on an exclusive five-year deal for home insurance.
Storms Dennis and Ciara could cause greater claims surge than the Beast from the East
Storm Dennis has caused a second weekend of claims surges across the UK, and together with last weekend’s Storm Ciara, could be on track to exceed the impact on claims volumes of 2018’s Beast from the East.
Ardonagh buys Bennetts for £26m
Ardonagh Group has agreed to pay Saga £26m for Bennetts Motorcycling Services.
Blog: A quick-fire reshuffle
Post news editor Jen Frost reflects on Sajid Javid’s shock exit as Chancellor and what this could mean for insurance premium tax and the budget.
Insurers face further storm pressure as Dennis bears down on UK
Storm Dennis will hit the UK this weekend, following a claims surge and disruption from last weekend's Storm Ciara.
More room for improvement says Zurich's Naidu as UKGI profit jumps in 2019
Zurich’s UK general insurance arm saw profit almost double and its combined operating ratio improve in its 2019 financial year.
Blog: Is Allianz hypocritical in dumping Saracens while extending Juventus tie-up?
As Allianz looks set to end its relationship with Saracens, after extending its Juventus deal, content director Jonathan Swift asks what is worse: salary cap breach or match fixing?
Interview: Amanda Blanc on life in the NED seat
The former Zurich, Axa and Towergate leader discusses her portfolio of NED positions, challenges for insurers in the current market, the partnership opportunities for insurtech businesses as well as rugby and schools.
Covid-19: Travel insurers at odds on coronavirus approach
Travel insurers are keeping a close eye Foreign Office travel advice and have taken differing positions on whether travelling to China amid the ongoing coronavirus outbreak would invalidate policyholders' coverage.
Q&A: Gary Humphreys, Markerstudy
Markerstudy’s group underwriting director, Gary Humphreys, discusses taking a pause on commercial business, progress on the Co-op Insurance buy, debt, making further acquisitions and the rated versus unrated debate as well as backing MGAs and the future…
Cross-industry code of practice on flood resilience debuts
A code of practice for property flood resilience aimed at homeowners and industry bodies was yesterday launched at Parliament.
Unsecured creditors of Elite face around £70m shortfall
Elite’s administrators expect around £315m in unsecured claims, but have identified under £246m in assets available.
Markerstudy not 'exercised' by May debt deadline
Markerstudy is in discussions with Qatar Re over the repayment of its $316m (£244m) loan ahead of the next deadline of May this year, group underwriting director Gary Humphreys told Post.
French insurtech Luko plots UK entry
Exclusive: French insurtech Luko revealed it will aim to enter the UK market in 2020, as it hired Admiral's chief actuary in France.
Post Claims Awards: Countdown to deadline begins
The final countdown has started for entries for the 2020 Post Claims Awards.
Laka to open Netherlands hub and roll out ‘wellness’ product after seed raise
Following a seed raise bicycle insurance insurtech Laka will open an office in the Netherlands and look to offer a ‘wellness’ product, CEO Tobias Taupitz told Post.
This Month: Looking forwards, listening back
Post’s new Motor Mouth Podcast series is proving quite the hit with listeners.
Admiral staff to get bumper bonus as predicted profit soars
Admiral is expecting to see profit before tax of £510m to £540m for 2019, with its staff to each receive a £500 bonus.
PE driving market consolidation but private ownership still dominates
Exclusive: Private equity houses and PE backed firms were behind more than 50% of UK insurance distribution mergers and acquisitions activity last year in the £5m plus category, Imas Corporate Finance has calculated.
Andy Fairchild to lead Applied in UK
Former Broker Network CEO Andy Fairchild has been appointed to the newly created role of CEO of Applied Systems Europe.
Penny Black's Social World: February 2020
Creative & Innovation Awards, managing flood risk and recognising carers