United Kingdom (UK)
Credit hire firm valued at £110m following market float
Credit hire firm Anexo Group raised £25m through an initial public offering, valuing the group at £110m.
Big Four audit firms censured for 'lack of scepticism'
The Big Four audit firms have seen a fall in quality in the past year owing to a “failure to challenge management”.
Blog: High-tech property restoration is worth paying for
Property restoration techniques and equipment are advancing and, while they may be costly, they're worth investing in, argues Jonathan Davison, strategic development director of the British Damage Management Association.
Axa and Allianz strike latest GRP broker deals
Axa has taken on the agency for the commercial combined and fleet business portfolios for GRP’s ‘south-eastern hub’ Green Insurance Group (Greens), while Allianz has made a bespoke agreement with GRP’s Sagar, McGrady’s and Abbey Bond Lovis to take on…
Grahame Chilton steps down as UK Gallagher CEO
Grahame ‘Chily’ Chilton will step down from his role as UK CEO at Gallagher, and will be replaced by Simon Matson.
RSA could face loss from £100m Glasgow School of Art blaze
Exclusive: RSA is unlikely to face the majority of the expected £100m losses from this weekend’s fire at Glasgow School of Art. However the company said it is calculating its own exposure.
LV splits up innovation team ahead of Allianz JV
LV has split up its innovation operations for general insurance and life and pensions into two separate dedicated teams, as a result of its joint venture with Allianz.
Analysis: Making waves: Can AI help the crisis in marine?
Outdated static rating factors and underwriting losses mean the marine market is ripe for disruption. Technology, including, blockchain is set to shake up the sector.
Carillion collapse causes ‘ripple effect’ of trade credit claims
The number of trade credit claims has increased by 50% owing to a “ripple effect” from the collapse of Carillion.
This week in Post: Bullying, Brexit and big predictions
This week in Post, the government said that it is considering plans to exclude cyclists and vulnerable road users from the proposed £5000 limit on fast track claims.
Claims firm We Go Look launches in UK
We Go Look, the US claims management firm dubbed the ‘Uber of inspections’, will launch in the UK.
FCA issues clone broker warning
The Financial Conduct Authority has issued a warning over a clone broker.
The CILA’s Malcolm Hyde on maintaining the value of UK qualifications post-Brexit
Professional qualifications play an essential role in building industry trust and recognition on the global stage, says Malcolm Hyde, executive director of the Chartered Institute of Loss Adjusters, however, the UK’s Brexit vote could put this into…
Das v Asplin: Defence concludes for five co-accused
The remaining five defendants in the Das UK v Asplin trial did not take the stand, with lawyers instead reading character witnesses to the jury.
Government start-up visa will allow UK to attract more insurtech talent
The Home secretary announced yesterday that the UK government will be introducing a start-up visa for entrepreneurs wishing to set up their business in the UK.
Das v Asplin: Defence states its case in ongoing trial
Ex-CEO Asplin has pleaded not guilty to charges including conspiracy and fraud.
Cyclists could be excluded from rise in small claims limit
The government is considering plans to exclude cyclists and other vulnerable road users from the proposed £5000 limit on the small claims track.
Zurich develops app with tech giant and invests in DIG
Zurich has invested €15m, alongside Finch Capital, into Digital Insurance Group as well as developing an app with tech giant Apple to cater to its brokers.
Interview: Simon Walker, 1st Central
It’s been 10 years since motor broker 1st Central launched in the UK, with policies sold exclusively over the phone or the internet. Simon Walker, who became CEO of parent company First Central Group in January, expects online giants like Amazon or…
Policy wording the ‘biggest complaint’ of cyber insurance buyers
Insurers’ cyber offerings have improved over the last five years, but consumers still struggle with the language and expressions used in policies.
RSA outlines plans to transfer commercial EU business to Luxembourg
RSA's UK business will transfer all of its passported business for commercial customers to its recently approved post-Brexit hub in Luxembourg.
Brit appoints Michael Gould as COO
Brit has appointed Michael Gould to the role of chief operating officer following his departure from Talbot Underwriting.
Commercial carriers must show their worth as sector fails to meet client demands says RSA
Commercial insurers must show clients how they can contribute to business growth as the sector fails to meet client demand, RSA’s head of global risk has said.
Parametric cover 'could go mainstream'
Parametrics, a specialised form of reinsurance or insurance used mainly in catastrophe bonds, could become more mainstream as risk managers seek to overcome some of the limitations of traditional insurance, according to a survey.