United Kingdom (UK)
Lloyd’s insurers add £3bn in capital following storms
Lloyd’s carriers have added £3bn in capital in the wake of natural disasters in 2017.
Interview: John Eves, Chartered Institute of Loss Adjusters
John Eves has replaced Jonathan Clarke as president of the Chartered Institute of Loss Adjusters. Eves will balance his new responsibility alongside his role as managing director of Irish loss adjusting firm, Thornton & Partners. The new Cila president,…
Analysis: Mutual benefits
With four mutuals making the UK top 20 insurers rankings for 2017 and results outperforming the rest of the market, mutuality is a sector to watch, especially as it is easier to innovate without constant shareholder pressure
Compre buys legacy books from Generali
Compre has acquired two books of business in total worth €300m (£264m) from Generali.
Vibe launches MGA Plus Risk
A Lloyd’s managing general agent, Plus Risk, has been established by Vibe.
Cyber Insurance Survey 2018 - help us get the full picture of how the market is shaping up
Do you hold strong opinions and views about the growth potential of the nascent cyber insurance market?
Legal Update: Conflicts of interest in the insurance distribution chain
As they prepare for the Insurance Distribution Directive, insurers and brokers need to be wary of conflicts of interest, which the Financial Conduct Authority has been monitoring closely, explain Roseyna Jahangir and Juanita Morrison, associate and…
Cobra sees profits rise 33%
Cobra has seen Ebitda rise 33% to £1.44m from £1.08m.
PIB Group acquires Citynet
PIB Group has bought Citynet Insurance Brokers.
FCA warns against ‘bogus’ firm operating in the UK
The Financial Conduct Authority has issued a warning to insurers against an unregulated financial services provider targeting UK consumers.
Grenfell report: Building regulations ‘not fit for purpose’
Insurers have welcomed an official report in the wake of Grenfell Tower claiming that existing building regulations are “not fit for purpose”.
Aviva paid out £2.7bn in claims during 2016
Aviva paid £2.7bn last year in cash settlements and services to more than 775,000 UK customers claiming on their individual insurance policies.
Structured Data Capture now live for all classes of business
The first phase of Structured Data Capture is now complete and live across all classes of business in the Lloyd’s market.
Allianz secures finding of dishonesty against claimant law firm
A court has found that a claimant law firm inflated legal costs by over 75%, in a landmark case brought by Allianz.
Chubb names Church as international property head
Chubb has named Brian Church executive vice president and head of international property for Chubb’s overseas general business, effective 1 January 2018.
BP Marsh takes £5m stake in EC3 Brokers
BP Marsh has taken a 20% equity stake in Lloyd’s broker EC3 Brokers for a cash consideration of £5m.
Insurance start-up Insure Pal to launch £15m initial coin offering
Insurance start-up Insure Pal is raising $18m (£15m) in an Initial Coin Offering to fund its UK motor launch in H1 2018.
Navigators secures market access through Belgian acquisitions
Navigators has purchased two Belgium-based businesses in a €35m deal which it hopes will allow continued access to the European market after Brexit.
Blog: The cloudbuster’s guide to surge
Technology can’t influence the weather but can change its outcomes during surge, explains Claims Consortium’s operations director Connie Beasley.
Week in Post: Funding, flooding and festivities
Last night’s annual staff Christmas party at Post saw an eclectic haul of secret Santa gifts featuring a bag of root vegetables, a badly drawn caricature and, inexplicably, slime.
Marsh names Moody as CEO of UK specialties
Broking giant Marsh has named Paul Moody as CEO of its UK specialties division.
Fidelis takes stake in surety MGA
Bermuda-based Fidelis has taken an equity stake in small business MGA Firestone Surety.
Nat cat impact softened by strong commercial performance for Skuld
Skuld saw a 68.7% improvement to its bottom line result in the first nine months of the year to $27m (£20.1m), with the contingency reserve standing at $421m.
McLarens takes aim at HNW with Cunningham Lindsey hires
McLarens has hired two senior Cunningham Lindsey bosses to head up its new high net worth business.