United Kingdom (UK)
Gallagher employee jailed over £500,000 fraud
A claims manager who defrauded his employer, Arthur J Gallagher, out of more than half a million pounds, has been jailed.
GI insurers to face 175% FSCS levy hike
Insurers will face a £56m Financial Services Compensation Scheme levy hike in 2018/19.
In My Bag targets £500,000 in funding round
Gadget replacement insurtech In My Bag will begin a £500,000 funding round through crowdfunding platform Seedrs.
Beazley continues European expansion
Beazley has bolstered its specialty lines teams Munich, Paris and Barcelona as it continues to target European growth.
Motor premium growth slows despite Ogden fears
Motor premiums have risen at their slowest rate in 2017 for the first time in recent years, and declined 1.3% in the last quarter.
Insurtech launches travel insurance for people with serious illnesses
Bought by Many has launched European travel insurance for people with serious health conditions like cancer.
Ardonagh sells remaining Broker Network stake for up to £30m
Nevada Investment Holdings has purchased the remaining 19.9% of Broker Network from Ardonagh Group.
Ten insurtech start-ups to watch in 2018 - part one
There does not appear to be any slowdown in the number of insurtech start-ups that are aiming to mark their mark on the insurance sector.
Mobile app Honcho takes aim at price comparison websites
A mobile app is aiming to compete with price comparison websites by creating a ‘reverse auction’ market place for car insurance after raising £850k in investment.
Stuart Vann 'was not fired', says Esure CFO
Stuart Vann was not fired, Esure's chief financial officer has said.
Week in Post: Carillion collapse and the executive merry-go-round
It was oddly coincidental that it was Blue Monday, the most depressing day of the year, when Carillion collapsed – placing 20,000 jobs at risk.
Steve Beslity to retire as chairman of Aon Global Marine
Steve Beslity, chairman of global marine at Aon Risk Solutions, is to retire by mid-2018.
Drone usage in insurance claims faces cyber and regulatory challenges
Inconsistent regulations and risk of hacking are among the challenges that need to be overcome as loss adjusters are increasingly using drones to assess insured damage, said Nick Barber, head of property & energy claims - Europe at AIG.
Brexit and PPL top of the agenda for Liiba
The London and International Insurance Brokers’ Association is to focus on getting brokers signed up to electronic trading platform Placing Platform Limited over 2018.
Thomas Miller buys Brookes Bell Group
Thomas Miller has acquired specialist marine and energy consultancy Brookes Bell Group for an undisclosed sum.
Esure boss Stuart Vann steps down with immediate effect
Esure CEO Stuart Vann has stepped down with immediate effect.
My other life: Iain Hamilton, Crawford and Company, card maker
When not busy as an agricultural loss adjuster at Crawford & Co, Iain Hamilton makes holiday cards
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.