United Kingdom (UK)
RSA partners with insurtech on government-backed machine learning project
RSA is among the partner organisations working on a new government-funded two-year research programme into the application of machine learning and data analytics for risk modelling.
Boris Johnson to deliver keynote at Biba 2019
Boris Johnson will be the keynote speaker at the British Insurance Brokers’ Association annual conference.
RSA UK CEO Steve Lewis departs the business
RSA’s former chief financial officer, Scott Egan is now RSA UK and International CEO, effective from today.
GRP buys Peter Cullum-owned TIL
Global Risk Partners has acquired Peter Cullum-owned Trimulgherry Investments for an undisclosed sum.
Zego eyes up Europe with French MGA deal
Gig economy broker Zego will target transport services across Europe, following a deal with La Parisienne Assurances.
Beazley creates cyber and executive risk division
Beazley has created a cyber and executive risks division, which will manage over a quarter of the its premium revenue.
Lloyd's names Allianz's Burkhard Keese as new CFO
Allianz Deutschland’s Burkhard Keese has been confirmed as Lloyd’s of London next chief financial officer.
CII reports ethnicity pay gap
The Chartered Insurance Institute has revealed that its mean ethnicity pay gap is 1%, while its median ethnicity pay gap is -16%.
LV puts 140 jobs at risk across its claims teams
LV has confirmed that around 140 employees in its claims teams across its Bournemouth, Leeds and Ipswich offices have been put at risk of redundancy.
This week: ‘Snow drama
Despite the buildup - amber warnings, train winter timetables, and inevitable delays getting to work - insurers will be grateful of today’s mere smattering of snow.
Arron Banks' Eldon and Leave.EU fined £120,000 by ICO over data misuse
The Information Commissioner’s Office has fined Arron Banks’ Eldon Insurance £60,000 and political campaign group Leave.EU a total of £60,000.
Insurtech diary: Trekking the glacier
In the last instalment in our insurtech series, Buzzgroup founder and CEO Becky Downing, reflects on the past 12 months and the story of Buzzvault’s launch.
Broking boss vows to stand as UKIP MP
Eddie McNally has been in insurance for over 40 years, but now the Lincolnshire-based broker has set his sights on a career in politics.
Watchstone names court date as it prepares for showdown with S&G
Watchstone has ring-fenced £50.2m in anticipation of a costly court battle with Slater & Gordon later this year.
Duck Creek looks to break into London Market with messaging deal
Duck Creek Technologies hopes to attract new London Market clients following a partnership with Web Connectivity Limited.
Extra FSCS bill the ‘last thing that brokers need’: Biba
The British Insurance Brokers’ Association has hit out over an extra Financial Services Compensation Scheme bill that firms will have to pay in February.
National Accident Helpline group to launch law firm
National Accident Helpline Group’s first wholly-owned law firm will start trading in April.
Analysis: Insurers under the spotlight over institutional child abuse claims
Insurers have been forced to defend how they handled non-recent child abuse claims, in the latest stage of a high profile inquiry
Trade Voice: Bila's Ozlem Gurses on motor passenger insurance
How do passengers 'use' motor vehicles? Ozlem Gurses, reader in insurance and commercial Law at King’s College London and British Insurance Law Association committee member, explains how the law sees this question when it comes to insurance.
Industry faces £10.5m bill from FCA claims data proposals
The regulator expects its claims reporting proposals to cost the industry between £7.5m and £10.5m in one off compliance costs.
John Neal to chair LMG's TOM steering board
John Neal, CEO of Lloyd’s, will chair the steering board of the London Market Target Operating Model with immediate effect.
FCA takes aim at general insurance ‘poor product value’
The city watchdog has launched a consultation to address potential 'poor product value' in general insurance.
Industry pays tribute to former Thatcham CEO, Peter Shaw
Tributes have flooded in from across the industry to Peter Shaw, former CEO of Thatcham Research, whose death was announced on Monday.
Ex-AIG CEO's underwriting platform goes live
Former AIG boss Jacqueline McNamee’s insurtech C-Quence has gone live with its underwriting platform.