United Kingdom (UK)
Beazley's Catherina MacCabe on the mounting pressure on D&Os
Directors and officers are coming under ever closer scrutiny as pressure is mounting to comply with gender, cyber and environmental requirements, explains Catherina MacCabe, head of the International Management Liability focus group at Beazley.
Analysis: Commission costs and conflicts
Aviva and GRP’s split rekindles the consolidator commission debate
British Insurance Awards 2018: Full list of winners, their stories and photos
Former Churchill and LV general insurance boss John O’Roarke took home the Achievement prize last night at the British Insurance Awards, where his new employer Aviva was among the big winners.
Start up claims Aviva ‘ripped off’ its Dashcam app idea
Aviva has been accused by dashcam app and accident management platform Jolt, who have claimed that the insurer stole its app idea.
UK entity of offshore Arron Banks firm applies to be struck off
Exclusive: A UK entity connected to an offshore Arron Banks holding firm has applied to be struck off the register of companies.
FCA proposes new directory of financial services workers
The Financial Conduct Authority is consulting on proposals to introduce a new directory - a public register for checking the details of key individuals working in financial services.
More Than telematics product fails to impress
Exclusive: RSA brand More Than’s ‘Smart Wheels’ telematics product has received just a 58% satisfaction rating on a financial services product review site, amid a growing consumer backlash against telematics.
Insurance M&A transactions totaled £4.5bn during first half of 2018
The UK’s financial industry completed 83 M&A deals during the first half of this year, with insurance M&A totaling at £4.5bn.
Robots will control claims future: PWC
Future insurance claims will be settled with little to no human involvement and insurers will have to adapt to the impact of technology if they are to survive, a report from PWC has found.
Dual targets global growth with management shake-up
Dual Underwriting has announced a raft of senior changes and ambitions to gun for global growth.
Fifty firms band together on new inclusivity pledge
Lloyd’s and Zurich have founded the Inclusive Behaviours Pledge, which has been signed by 50 firms so far.
PIB snaps up second specialist childcare broker
PIB has continued on its trail of acquisitive growth, snapping up another childcare insurance broker.
Interview: Bronek Masojada, Hiscox
Holidaying in North Korea isn’t most people’s idea of the dream summer break, but the kite surfing, Caterham racing CEO of Hiscox, Bronek Masojada, sees it as just another part of living life in the fast lane, as he explains to Ryan Hewlett
Insurers increase cyber security spend
Insurance firms invested 85% more in cyber security during 2017-18 than during the previous financial year.
ABI calls for tougher building regulations in wake of Grenfell tragedy
The Association of British Insurers has reiterated its call on a ban of flammable cladding on high rise buildings and called on building regulators and legislators to learn from the past and mandate sprinkler systems in new build tower blocks.
Bought by Many gains £15m in series B funding
Bought by Many has closed a £15m series B funding round led by Commerz Ventures and Marsh, alongside existing investors.
Zurich gets HNW boost with completion of Oak purchase
Zurich has completed its acquisition of Oak Underwriting from RSA.
Blog: Lloyd’s Lab: Innovation with big shoes to fill
Lloyd's needs a dramatic change in organisational culture to ensure the success of its insurtech sandbox, explains Craig Wilson, managing director of financial services at Sopra Steria.
Blog: What legacy will Lloyd's CEO Inga Beale leave behind when she departs in 2019?
Jonathan Swift looks back on how Inga Beale's time as Lloyd's CEO Inga Beale might be remembered using a jukebox stacked with her own Desert Island Disc selection
Cullum firm snaps up commercial business
Peter Cullum-owned Trimulgherry Investments has purchased Hurst Group’s commercial business and will be creating a new broker.