United Kingdom (UK)
French insurer to set up UK branch as Brexit fail-safe
French insurance company La Parisienne Assurances will establish a third-country branch in the UK, in order to continuing operating in the country after Brexit.
Insurers criticised for ‘voiding’ of Irish policies
Insurers have been rebuked for “voiding” policies on the basis of non-disclosure.
Jelf CEO Phil Barton replaced by Anthony Gruppo
Marsh has appointed Anthony Gruppo as CEO of Jelf, as Phil Barton steps down with immediate effect.
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.
Blog: Taking telematics to the mass market
Without significant change in how telematics insurance operates, all of the societal benefits from the technology are in danger of going to waste argues Graham Gordon, director, Global Telematics.
Sabre posts £61.9m profit as it predicts 'uncertainty' for 2019
Sabre Insurance group posted a profit before tax of £61.9m for the year ended 31 December 2018, from £53.3m in 2017.
Vince Cable urges Premiership Rugby to review Gallagher sponsorship over UK CEO’s ‘complicated fat Arab’ slur
Liberal Democrat leader Vince Cable has written to Premiership Rugby CEO Mark McCafferty, urging the sport to review its commercial relationship with Gallagher after its UK CEO Simon Matson was revealed to have referred to an employee as a ‘complicated…
Claims Apprentice 2019: Episode 3 - Diversity & Inclusion
With Team Fortitudo emerging successful after the Debate challenge last week, the apprentices now move onto their second task.
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.
Wrisk eyes £3m raise as it looks to launch car insurance
Exclusive: Insurtech Wrisk has launched a crowdfunding campaign to raise £750,000 as part of a series A round, as it gears up to begin offering car insurance.
New claimant sector trade body aims to 'detoxify the compensation culture'
Exclusive: A trade association has been launched to represent businesses that look after customers in the civil justice system, when they make a claim for insurance, injury, negligence and mis-selling.
Lloyd’s hit with £1bn loss in 2018
Lloyd’s of London was slammed with another vast loss in 2018, following on from its £2bn loss in 2017.
Roundtable: Escape of water - managing the rising indemnity spend
Escape of water claims continue to exercise property claims managers. According to the most recent estimates from Association of British Insurers, domestic escape of water claims cost insurers £483m. With this in mind, Post, in conjunction with Acumen,…
Industry could face ‘heavy-handed’ regulation if dual pricing isn’t fixed: Citizens Advice Bureau
The industry could see a “heavy handed” approach to dual pricing from the government, if it doesn’t do enough to tackle the issue by itself, the Citizens Advice Bureau warned at Post’s inaugural Reputation event.
Lloyd's will ban perpetrators of sexual harassment for life
Lloyd’s has developed a plan of action to create a ‘safe and inclusive’ working environment, following reports of sexual harassment, which could include lifetime bans for perpetrators.
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.
Blackrock ups stake in Direct Line
US asset manager Blackrock has upped its stake in UK insurer Direct Line to 10.13%.
British Insurance Awards: Major loss - 25 years of going the extra mile
Insurance is only really tested at the point of claim and over the past 25 years the British Insurance Awards have celebrated the industry’s efforts to return the customer to where they were before the claim. Since 2003 major loss has been a standalone…
Aston Lark snaps up Dorset broker
Aston Lark has bought personal lines broker Highworth Insurance.
Marsh gets regulatory green light for JLT acquisition
The European Commission has given the green light for Marsh's JLT acquisition.
Zurich ‘temporarily’ pulls out of direct home insurance
Zurich UK has announced it has ‘temporarily withdrawn’ from the direct home insurance market, as it explores other options.
Pukka halts UK branch Brexit plan
Exclusive: Pukka has shuttered a dormant UK branch that would have acted as a contingency if the UK and Gibraltar lost passporting arrangements.
Special Report: Motor Insurance Research 2019
What’s fueling motor insurance today? Michele Bacchus talks to the industry and gives the low-down on what’s heading down the highway towards insurers in both the fast and slow lanes
Industry overshadowed by harassment as Dive In marks fifth year
Lloyd’s diversity festival, Dive In, has been confirmed for a fifth year, a day after the market was slammed for an ingrained "culture of sexual harassment".