International
Aviva's Neos hopes to double UK customer base by year end
Neos intends to double its UK direct customer numbers this year, amid international expansion plans and the launch of an add-on product for the UK market.
Allianz in 'advanced negotiations' with partners to launch open platform
Allianz has reaffirmed its commitment to its open platform initiative despite there being outwardly little progress in the 18 months since it was first announced the plan at the beginning of 2018.
Zego enters France and Belgium following $42m raise
Zego has struck up a deal with e-scooter start-up Dott, which will see it enter the French and Belgian markets for the first time.
R&Q and Phoenix terminate insolvent debt joint venture
Randall & Quilter and Phoenix Asset Management Partners have ended a joint venture deal to acquire reinsurance debt in insolvent estates.
Hiscox CUO Richard Watson to retire
Hiscox chief underwriting officer Richard Watson will retire from the role at the end of the year.
Price Forbes launches security risks practice
The Ardonagh Group’s Price Forbes has launched a security risks practice, as JLT staff move to the broker.
Fidelis investor takes majority stake in April
Private equity investor Andromeda has gained regulatory approval to take a majority stake in French health insurer April, which saw its UK arm pull out from the private medical market last year.
Lemonade launches in Germany
New York-based insurtech Lemonade has launched in Germany.
Stubben Edge looks to growth after £1.2m investment led by Saracens chairman
Exclusive: Tech firm and managing general agent Stubben Edge is seeking growth after a £1.2m raise led by Saracens chairman Nigel Wray and analyst Eamonn Flanagan.
CBL creditors owed in excess of £90m
Creditors of CBL Corporation, the parent company of CBL Insurance, are expected to be owed in excess of £90m.
Canopius attracts investment from Samsung
Canopius has partnered with Samsung Fire & Marine Insurance to offer “innovative customer-focused” insurance solutions across the globe.
Canopius and Amtrust Lloyd’s ink merger agreement
Canopius and Amtrust Lloyd’s have signed a merger agreement that is expected to see the combined operations become a top five Lloyd’s managing agent.
Lemonade raises $300m in latest funding round
US-based insurtech Lemonade has raised $300m in a Series D round, bringing its total funding to date to $480m.
Interview: Amanda Blanc, Zurich
Amanda Blanc’s move from Axa to Zurich was perhaps the most talked about people move of 2018. The Association of British Insurers chair spoke to Jen Frost about her plans for the business in the coming year
Marsh completes JLT acquisition
Marsh & McLennan has completed its $5.6bn acquisition of JLT.
This week in Post: Scraps, slurs and sexual harassment
Post held its reputation event this week, which felt somewhat prescient as parts of the industry were shamed on diversity and inclusion.
Trade voice: Airmic's John Ludlow on becoming risk partners
Insurers are expanding their services beyond products, but there is much more to do. Underwriters and risk managers should view each other as risk partners, says Airmic CEO John Ludlow.
Former Marsh and JLT employees air concerns over merger
Former employees have expressed concerns over the impact of the Marsh/JLT deal on the market and the brokers themselves, after a former main board director of JLT slated the deal as a potential ‘train wreck’ in a Linkedin blog.
Marsh gets regulatory green light for JLT acquisition
The European Commission has given the green light for Marsh's JLT acquisition.
Marsh raises further debt to fund JLT acquisition
Marsh & McLennan is looking to raise more capital to fund its JLT acquisition, having announced its second senior notes offering in the space of a week.
Driverless experts split over ‘manual’ driver premiums
A move towards autonomous vehicles could lower premiums for drivers of non-autonomous cars, but insurers remain split over the issue.
Blockchain still requires ‘element of faith’ from industry
(Re)insurers and brokers should not expect blockchain investment to provide ‘instant gratification’, but should instead be looking five years’ into the future for tangible return on investment, a panel heard.
So-sure plots home insurance launch early next year
Exclusive: Mobile phone insurance insurtech So-sure will look to branch out into home insurance early next year and is mulling international expansion.
Marsh looks to further €1.1bn of debt to fund JLT acquisition
Marsh is raising €1.1bn (£942m) through a senior notes offering, in addition to the $5bn (£3.8bn) it has previously announced.