United Kingdom (UK)
Allianz Worldwide partners with digital payment platform to speed up claims payouts
Allianz Worldwide has partnered with digital payment platform Optal in a bid to pay claims easier to its supplier network.
Swinton to close 40 branches, over 260 jobs at risk
Swinton Insurance is to close up to 40 branches across the UK, putting 268 jobs at risk.
Go Compare snaps up former Facebook director
Go Compare Group has named Silicon Valley tech executive Joe Hurd as an independent non-executive director with effect.
Money Supermaket insurance segment up 12% at year end
Money Supermarket posted an increase in full-year profit bolstered by as revenue growth and a strong insurance segment.
RSA UK commercial book sees COR deteriorate to 108%
RSA UK saw its combined operating ratio for commercial operations deteriorate to 108.1% over the course of 2017.
Lloyd’s gender pay gap at 27.7%
Male employees across Lloyd’s are paid 27.7% higher on average than female staff.
Axa UK earnings fall in ‘volatile environment’
Axa UK and Ireland has seen its earnings fall by 7% as a result of a “volatile environment”.
Analysis: Insurers torched on Twitter over Liverpool Fire
How social media influenced the response of insurers to the Liverpool fire
Ageas UK eyes further restructuring to drive profit growth
Ageas will continue to restructure its business even as the company is set to return to an underwriting profit for the remainder of the year.
AA to inject up to £50m solvency capital into underwriter
AA Insurance is set to invest up to £50m into its underwriter in an attempt to accelerate growth.
Hamilton Syndicate reorganises underwriting team
Hamilton Underwriting, the managing agency of Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group, has reorganised its underwriting team.
Call Connection administrators attempting to recover money from former boss
Exclusive: The joint administrators of failed insurance lead generator Call Connection are attempting to recover money owed by its former boss and founder.
ICO expanding its workforce in time for post-GDPR breach reports
The Information Commissioner’s Office is in the process of adding to its team to deal with the expected influx of breach reports in the wake if the implementation of the General Data Protection Regulation.
FCA reveals surge in cyber attacks
The number of reported data hacking attacks against financial services companies has quadrupled in the last year, according to figures from the Financial Conduct Authority.
North Korea, Brexit and trade protectionism top 2018 political risks list
The North Korea missile crisis, Brexit negotiations, and trade protectionism are among the top political risks threatening multinational businesses in 2018, according to Marsh.
London P&I Club records growth after 1/1 renewals
The London P&I Club reported a boost in gross tonnage to 2.5m gt following January renewals.
Ageas shakes off Ogden impact to return to profit
Ageas UK has seen a return to profit after a year of being hammered by the residual impact of the Ogden rate change.
Cyber Research 2018: The findings
Cyber has come a long way in the past 70 years, yet its meaning has essentially remained the same: it still encompasses the notions of control and communication. Post, in association with Cyberscout, surveyed the insurance market and consumers to find…
Cyber Research 2018: Cyber insurers will live and die on claims experience
As the cyber insurance market grows, a specialised process to support cyber claims could make or break insurers. Tom Spier, director of international business development at Cyberscout, reveals how insurers are doing in this market.
Interview: Mark Searles, AUB Group
Since packing up his life in London and flying half way across the world to Australia, Mark Searles, CEO of AUB Group, has transformed a broker into the leading equity-based broking, risk management, advice and solutions provider in Australasia.
Homelyfe launches partner platform for third party insurance distribution
Homelyfe has launched it Partner Platform to enable third party firms to take advantage of its insurance product lines and provide home insurance cover in less than four minutes.
Allianz UK CEO Dye declines to comment on XL acquisition rumours
Allianz UK CEO Jon Dye has declined to comment on recent speculation that the group is looking to acquire XL.
Allianz UK operating profit climbs by 26% in 2017
Allianz UK saw operating profit rise 26% to £121.3m in 2017, up from £96.2m in the previous year.
Seventeen Group acquires high-net-worth broker
Seventeen Group has acquired East Sussex-based Rupert Burgoyne Limited for an undisclosed sum.