United Kingdom (UK)
Hiscox's Masojada named PPL chair
Hiscox CEO Bronek Masojada has been named chair of the London market’s electronic placing platform, Placing Platform Limited.
Sabre delivers COR of 68.5% following IPO
Sabre made an underwriting profit of £59m in 2017, with a combined ratio of 68.5%.
Underlying performance needs to improve, says Lloyd’s CFO
The underlying underwriting performance of Lloyd’s syndicates needs to improve following the market's first loss in six years, John Parry has said.
Video: Insurers and claimant lawyers react to whiplash reform
Insurers welcome the whiplash compensation reform introduced in the Civil Liability Bill, while personal injury lawyers warn against its unintended consequences.
Gosden retires as Higos chairman two months into role
Ian Gosden is to retire as chairman of Higos two months into the role and step down from the business on Friday.
Lloyd’s confirms electronic placement mandate
Members of the Lloyd’s market must process 30% of risks electronically by the end of the year, following a mandate from the Lloyd’s Board and Council.
Zurich appoints former RSA boss Robinson as chief underwriting officer
Former RSA commercial boss Hayley Robinson has joined Zurich as chief underwriting officer.
Biba signs deal to gain post-Brexit EU access
UK brokers will be granted an introduction to European brokers in order to continue to write business across the Channel, under a deal announced by the British Insurance Brokers’ Association.
Lloyd’s struck by £2bn loss from nat cats
Lloyd’s of London has been hit by a £2bn loss owing to an “exceptionally difficult year” of natural catastrophes.
Aston Lark’s Peter Blanc on the M&A courtship
For a merger or acquisition to work, both sides need to get to know each other and have a post-deal plan, explains Peter Blanc, CEO of Aston Lark.
Insurance leaders pledge to pass on personal injury reform savings
Insurance leaders have pledged to pass on all savings made through the Civil Liability Bill reforms to policyholders.
Claimant lawyers accuse government of ‘washing its hands’ of injured people
The government has been accused of taking a ‘sledgehammer approach’ to personal injury reform as it today introduces the Civil Liability Bill to parliament.
Tributes paid to former APPG insurance deputy chair Baroness Turner
A former chair of the All Party Parliamentary Group for Insurance and Financial Services has paid tribute to one of its longest serving members who sadly passed away last month.
Government to unveil discount rate reform
The government will today introduce reforms to the way the discount rate is set, although it is not known whether a new rate will also come as part of the legislation.
Blog: How brokers can convince schools to buy cyber coverage
With less than one in three UK schools covered by cyber insurance, Faith Parish, education director at Ecclesiastical, explains how brokers can encourage take-up.
RSA's Gail Parker on using internal brand engagement to better serve customers
Gail Parker, brand, marketing and distribution director at RSA Personal Lines, shares her tips on employee engagement and customer satisfaction.
Analysis: Risks, challenges and opportunities of commercial use of listed buildings
Underinsurance casts a long shadow across the world of listed properties, especially when owners are constantly expanding commercial activities. Experts warn that there can be many traps for the unwary or naïve, many of which do not come to light until…
Broker Network makes fifth ‘powerhouse’ acquisition
Broker Network has bought a West Sussex commercial broker with turnover of £2.9m.
XL Catlin adds Brexit continuity clause to policies
Policies issued by XL Catlin’s London operations will include contract continuity clause to offset any fallout from the UK’s exit from the European Union.
City Minister on why the government is supporting insurance as the engine of the economy
City Minister John Glen is confident the new UK framework for insurance linked securities will help the market grow.
Blog: How to make your cyber offering stand out
Cyber insurers can gain market share by differentiating their products. Benedict McKenna, vice-president and London operations claims manager at FM Global, explains how.
Ombudsman launches review following undercover investigation
Thousands of complaints against insurers may need to be re-examined after a TV investigation found staff at the Financial Ombudsman Service were woefully undertrained.
Munich Re to cut 900 jobs as reinsurer targets profits surge in 2018
Munich Re is to axe 900 jobs as part of cost saving efforts in its reinsurance business.
This week in Post: Claims, costs and closures
This week I was lucky enough to climb on the top of a lift with one of Allianz’s engineer surveyors and take a trip up and down a building.