United Kingdom (UK)
Underinsurance among the risks for increasing number of stockpiling businesses
More than one in five employees say their employers are stockpiling as a contingency against Brexit-related disruption, with these businesses at risk of being underinsured unless they ensure their cover is brought into line with the value of their…
Marsh looks to further €1.1bn of debt to fund JLT acquisition
Marsh is raising €1.1bn (£942m) through a senior notes offering, in addition to the $5bn (£3.8bn) it has previously announced.
Horwich Farrelly launches ‘Network of Women’
Insurance specialist law firm Horwich Farrelly has launched a Network of Women, designed to support its female employees.
This week: The end of the hard sell
When the regulator fined Carphone Warehouse £29m this week, the real target was the use of high pressure sales techniques in insurance.
Simon Matson says ‘complicated fat Arab’ slur regrettable but not discriminatory: Gallagher v Ardonagh
Gallagher UK CEO Simon Matson yesterday gave evidence in the dispute between Gallagher and Ardonagh and others, in which Gallagher alleges its staff were unlawfully poached.
Blog: Turning the tide on account takeover fraud
Many of us have either experienced fraud, seen friends who have fallen victim to it or witnessed the direct results in our workplaces. Shaun Smith, Iovation sales executive, explains why it's no surprise that one of the fastest growing fraud types in the…
Rising Star: Ally Redding, JDX Consulting
Having worked with several Lloyd's syndicates and managing agents, Ally Redding was recently made relationships manager at JDX Consulting.
Court hears defendants' opening statements in Gallagher vs Ardonagh trial
The legal dispute between Gallagher and Ardonagh continued today, with lawyers for the defendants concluding their opening statements.
Government promises review into 'fairness' of IPT
The government will launch an operational review into Insurance Premium Tax in the coming months.
Amanda Blanc reveals Brexit fears over upcoming Solvency II review
Amanda Blanc said insurers should not accept a Brexit outcome that prevents the UK industry from having influence over a critical European Union Solvency II review.
Charles Taylor sees losses of £3.3m despite underlying growth
Charles Taylor saw a statutory pre-tax loss of £3.3m last year even as the group saw a strong underlying performance.
Child abuse survivors decry tactics of 'velociraptor' insurance lawyers
Non-recent child abuse survivors say they have faced ‘absolutely malevolent’ litigation strategies from insurer lawyers when attempting to put in claims.
Insurtech board creates legal roadmap for start-ups
A fintech trade body has launched a roadmap to aid new insurtech market entrants.
Carphone Warehouse fined £29m for mobile insurance mis-selling
Carphone Warehouse has been fined £29m by the Financial Conduct Authority for mis-selling mobile phone insurance.
Interview: Clive Nathan, Global Risk Partners
Clive Nathan joined Global Risk Partners as its underwriting CEO, overseeing the consolidator’s managing general agent division, in April last year.
David Ross attends court as Gallagher v Ardonagh trial commences
Court hears lawyers from both sides outline their arguments on first day of the 12-day long trial.
Expletive-laden broker spat court documents exposed
Nawaf Hasan, formerly an Alesco team member, was described by former Alesco CEO Simon Matson as a “complicated fat arab” following his resignation from the firm according to a court filing outlining his side of the case.
Gallagher alleges Ardonagh carried out 'carefully planned conspiracy' to poach employees
The departure of a number of employees from Gallagher subsidiary Alesco in 2017, who went on to join an Ardonagh energy division, was “the product of a carefully planned conspiracy”, Gallagher will claim.
'Employees are not chattel': Peter Burton defence in Gallagher staff poaching case
Peter Burton was treated as a “traitor” after leaving Alesco for Bishopsgate, his defence will say.
Axa’s SME trading centres put 106 jobs at risk
Axa is putting 106 jobs at risk with the creation of two small and medium enterprise trading centres in Bolton and Ipswich.
Analysis: Bad data - A risky business for insurers?
Data is everywhere: good data, partial data, valuable data, bad data. Insurers need data to measure and price risks but do they take enough care in assessing the quality and provenance of the data they are using and are their processes sufficiently…
Analysis: How might a no-deal Brexit affect claims inflation?
With the outcome of Brexit still unclear and a possible European Union exit on 29 March looming, some insurer bosses have cautioned that we could see rising claims inflation this year.
Insurers call for removal of obstacles to investing in green projects
The Association of British Insurers has called on the Prudential Regulation Authority to tackle obstacles to insurers investing in greener assets, such as renewable energy.
John Lewis pulls travel insurance as Ageas contract ends
John Lewis has ceased to offer travel insurance after its contract with Ageas was not renewed, which the insurer has claimed is part of a drive towards profitability.