United Kingdom (UK)
Aston Lark's Peter Blanc on the communication dilemma
As business insurance is increasingly sold online, Peter Blanc, group CEO of Aston Lark, warns against insufficient cover and lack of advice.
Carlyle Group confirms $6.7bn Sedgwick acquisition
Carlyle Group has bought claims firm Sedgwick for $6.7m, the company announced, confirming earlier reports.
Fadata replaces CEO in planned turnaround
Exclusive: Fadata has replaced its CEO amid a planned turnaround for the struggling policy administration firm.
Charles Taylor sees H1 blow from restructuring costs
Charles Taylor saw H1 pre-tax profits fall 95% on the back of one-off restructuring costs.
Insurers will not be forced to pass on whiplash savings
Insurers will not be required to pass on savings from whiplash reform to customers, but they will have to report what those savings are.
Sedgwick eyed by private equity in potential $6bn deal
Claims firm Sedgwick could be snapped up by private equity group Carlyle for $6bn, it was reported.
Blog: The gaping hole in the FCA regulation of CMCs
The Financial Conduct Authority’s consultation into claims management companies has a gaping hole, warns Kurt Rowe, associate at Weightmans, explaining why it matters for insurers.
Primark fire losses could be ‘double or triple’ initial £30m estimate
Exclusive: The losses surrounding the Primark storefront fire in Belfast could be “double or triple” the initial estimates of £30m, sources involved in the claim said.
AGCS' Yogesh Virji on managing inevitable cyber risks
As cyber risk is climbing the concern ladder, Yogesh Virji, head of cyber - UK at Allianz Global Corporate & Specialty, explains how the materialisation of this threat can affect various lines of insurance.
IPT hike leads to £6bn tax windfall
The government collected £6bn from businesses as a result of the increase in the insurance premium tax, an increase of 22% on the previous year.
Insurers welcome government crackdown on 'cold call sharks'
Insurers have welcomed rules aimed at limiting claims management companies from calling vast swathes of the population.
Farm safety: Fatal farms
Farming is the most lethal of all industries. The sector and its main insurer are trying to change rules and mentalities to make it safer
Incoming Lloyd’s CEO John Neal will start next month
Former QBE CEO John Neal will take over the role of Lloyd’s CEO next month, the Corporation confirmed.
Nexus snaps up Altitude in third deal of the year
Managing General Agent Nexus has completed the acquisition of Altitude Risk Partners from Castel Underwriting.
Karen Beales departs suddenly from UK General
Karen Beales has stepped down “with immediate effect” from her role as CEO of UK General, less than two years into the role.
This month in Post: A way through the whiplash quagmire?
The controversy over the proposed Civil Liability Bill has centred on whether the changes represent a good deal for consumers or for the insurers.
Brokerbility chair calls for a move towards broker fees
Brokerbility chair Ashwin Mistry has called for the market to band together to cut distribution costs and bring in mandatory fees for transactions over £50,000.
John Neal to succeed Beale as Lloyd’s CEO
The former head of QBE, John Neal, is in line to replace Inga Beale as Lloyd’s CEO, it has been reported.
Penny Black's social world: September 2018
Community Cup, defeating dementia, mental health plea and afternoon tea
Insurers to be held to account over whiplash savings
A government amendment to planned personal injury reforms could see insurers have to prove to the regulator that they are passing on savings to customers.
Ice Insuretech sees ‘aggressive’ growth following its acquisition by Acturis
Exclusive: Having seen rapid growth, Acturis-owned insurance software provider Ice Insuretech expects to continue growing over the coming year.
Buzzvault targets full gender balance
Buzzvault has launched a campaign to achieve gender balance across its business and in the wider insurtech community.
Lockyers snapped up by Broker Network
Yorkshire-based broker Lockyers is the latest to be bought by Broker Network.
BGL's Peter Thompson on the unintended consequences of the IDD
The Insurance Distribution Directive brings transparency but also unintended consequences for customers, writes Peter Thompson, group director of insurance distribution and outsourcing at BGL Group.