United Kingdom (UK)
Integra Insurance Solutions to consult over 17 redundancies
Exclusive: Integra Insurance Solutions is consulting over making 17 staff redundant as it looks to streamline its operations.
Marsh threatens to ‘squash’ insurtech Marshmallow over use of name
Insurtech start-up Marshmallow faces a legal challenge from broker Marsh over the use of its name.
Aston Scott and Lark to rebrand as Aston Lark
Aston Scott and Lark Group will rebrand as Aston Lark in July.
Executives admit they were unprepared for 2017 nat cats
Senior executives of major financial businesses admit they were unprepared for the spate of costly natural catastrophes that hit the American coastline at the tale end of last year.
Volante launches first London Market MGA
Volante has launched Edison Motor, its first London Market-based managing general agent.
Blog: Grenfell shows construction details need to be fully disclosed to insurers
Building regulations are being reviewed in the wake of the deadly Grenfell fire and Neil Clutterbuck, chief underwriting officer at Allianz, points out construction details need to be fully disclosed to insurers.
Blog: Brexit could leave motor insurers without room for manoeuvre
British drivers who have a car accident in the European Union can currently seek redress through UK courts but Brexit could change that. Mark Hemsted, partner at Clyde & Co, lists the points to keep an eye on.
Erskine Murray completes second acquisition in six months
Erskine Murray has acquired Essex-based Asciak Holdaway Merrit, a professional indemnity specialist broker.
P2P insurer Insure Pal in talks with UK carriers over white label plans
Insure Pal is in capacity talks with three major UK insurers over a H1 entry into the motor market, its CEO said.
Axis faces $130m nat cat loss in fourth quarter
Axis Capital estimates it will take a $130m hit as a result of fourth quarter catastrophe and weather-related losses.
Global run-off market 'extremely buoyant' at $730bn in 2017
The value of the global non-life discontinued business market exceeds $700bn, according to research from PWC.
Beazley predicts to beat analysts on 2017 earnings
Lloyd’s carrier Beazley said it expects to post a pre-tax profit for 2017, ahead of market expectations and in despite of hefty nat cat bills in the fourth quarter.
Nexus names insurance CEO ahead of potential IPO or sale
Nexus Group has named Mike Sibthorpe as CEO of its insurance and reinsurance business as the business gears up for a potential sale in 2018.
Single cyber attack could cost insurers more than Hurricane Katrina
Losses from a single cyber attack could see the industry fork out more than a major loss natural catastrophe like Hurricane Katrina.
Start-up P2P insurer to enter UK motor in H1
A peer-to-peer insurer has raised £15m in an initial coin offering to fund its UK motor launch in H1 2018.
Incoming Aviva GI boss promises continuity in business
The high turnover in the top job in UK general insurance at Aviva in recent years will not detract from the business’s overall strategy, Rob Townend said.
Q&A: Nigel Edwards, EXL
Nigel Edwards, senior vice-president and head of Europe at EXL Services, spoke to Jonathan Swift about the incoming General Data Protection Regulation and its impact on insurers.
Rob Townend replaces Colm Holmes as Aviva UK GI boss
Current Aviva UK general insurance CEO Colm Holmes has left the role to become president and CEO of Aviva Canada.
Greater role for CMCs following whiplash reform ‘not entirely a bad thing’, MoJ says
Raising the small claims limit will drive personal injury claimants into the arms of claims management companies, a parliamentary committee heard.
Broker Network acquires East Anglian broker Saffron Insurance
Broker Network has today completed the purchase of East Anglia-based Saffron Insurance for an undisclosed sum.
Ex-Insure the Box CEO's insurtech to launch in Q2 2018
A telematics solution that uses Amazon Alexa to warn drivers of dangerous driving behaviour will be launched in the second quarter of the year.
Industry braced for losses in wake of Carillion collapse
The trade credit sector is braced for heavy losses following the collapse of construction giant Carillion.
Japanese insurer completes buyout of Insure the Box owner
Japanese insurer Aioi Nissay Dowa Insurance Europe has completed the buy-out of Box Innovation Group, which includes the Insure The Box and Drive Like a Girl brand.
Higos appoints Ian Gosden as chairman
Higos has announced that Ian Gosden is to become chairman with immediate effect.