United Kingdom (UK)
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.
Blog: Flooding - why insurers should share data on risks with companies in their supply chains
The changing global climate has once again brought widespread flooding to the UK and this extends far beyond coastal and river flooding, writes Neil Stothert, managing director at RSK Raw.
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.
RSA's John Dawe on how schemes offer an attractive growth opportunity for brokers
A bespoke insurance product for a niche group of customers gives brokers a unique selling point and according to John Dawe, partnership director at RSA it enables them to target gaps in the market, diversify their business or create a new revenue stream.
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.
Bollington still offering all lines after Gefion suspension, Patterson confirms
Bollington’s decision to stop trading with unrated Danish insurer Gefion has not changed the firm’s insurance footprint, group managing director Chris Patterson told Post.
Bollington ceases trading with Gefion
Bollington has suspended trading with Danish unrated insurer Gefion, Post can reveal.
Ardonagh buys Bennetts for £26m
Ardonagh Group has agreed to pay Saga £26m for Bennetts Motorcycling Services.
Analysis: 19th Century insurance frauds
Scandal, fraud, deception and rabid profiteering have never been far away from the insurance industry. Indeed, it is probably fair to say they have been uneasy bedfellows ever since the modern insurance industry started to lay its foundations in this…
Motor Mouth Podcast 4: Road safety and the scourge of the uninsured driver
In the next in our series of podcasts with Motor Insurance World speakers Andrew Cox, detective superintendent at the Metropolitan Police, is interviewed by Post’s content director Jonathan Swift, outlining what challenges insurers can expect to come…
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.
This week: Black swans, white swans
Love is in the air as of course it's Valentines Day. Today couples across the world will celebrate their love for one another with thoughtful gifts like chocolate, flowers and cards. A day that's often symbolised by white swans as they are known to have…
UK commercial insurance pricing leaps 14% in Q4
Composite insurance pricing in the UK rose by 13.7% in the fourth quarter of last year according to research by Marsh.
Analysis: Whiplash and insurer demand driving claims sector consolidation
Following Davies' acquisition of Keoghs further consolidation is expected in the claims sector and it could push mid-sized firms out of the picture.
Blog: Six months is a long time in politics
December 2019 was the first anniversary of Royal Assent to the Civil Liability Act 2018 and mid-January 2020 marked six months on from one of David Gauke’s last decisions as Lord Chancellor to set a new personal injury discount rate of -0.25% for England…
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.
Cybercriminals look to exploit panic over coronavirus outbreak
Cybercriminals are increasingly using crisis events such as the ongoing Covid-19 coronavirus outbreak to breach the security systems of businesses and individuals.
Allianz confirms scrapping of Saracens deal
Allianz has confirmed that it will end its headline sponsorship of Saracens this year 12 months ahead of schedule.
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.
Questions linger over insurer role in Church of England redress fund
Representatives of the Church of England passed a motion opening the door for redress for survivors of child sexual abuse, but questions remain over what role its insurers will play, if any, in a fund.
Pen Underwriting’s Tom Downey on the market-hardening challenges and opportunities for MGAs
What a difference five years makes. Back in early 2015, we had a nation blissfully ignorant of the division, disruption and economic uncertainty that would follow the 2016 referendum result, writes Tom Downey, chief underwriting officer at Pen…
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.
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…