United Kingdom (UK)
This Week in Post: Personal injuries and parenting fails
I felt very smug when my daughter tried on her first pair of slipper socks: she liked them! That meant I wouldn’t need to argue with her to keep her little feet warm – and she wouldn’t risk slipping on wooden floors. What I hadn’t foreseen though was…
Coverys gains Lloyd’s nod on med-mal Syndicate 1975
Boston-based medical malpractice insurer Coverys has received in principle approval from Lloyd’s to launch Syndicate 1975.
Insurers call for tougher rules as government launches home building plan
Insurers have called for tough new building regulations as the government plans to create thousands of new homes a year.
Career Development: Zurich launches employee assistance programme app
Zurich has launched an app that will enhance access to its employee assistance programme, Workplace Options.
Market Moves: December 2017
This month's movers and shakers in the insurance industry.
Career File: Steve Arora
Axis Capital Holdings has appointed Steve Arora as CEO of Axis Re
Blog: The golden age of insurance is yet to come
The demand for transparency and diversity is changing the insurance market and shaping the personalities of future industry leaders, writes Brokerbility chairman Ashwin Mistry.
Minster's Shirley Woolham on why robots won't replace lawyers
Artificial intelligence is taking over mundane legal functions but is not killing off lawyers, says Shirley Woolham, chief operating officer at Minster Law.
Take part: 2018 cyber research
For Insurance Post's first research project of 2018, we're delving into the world of cyber.
Industry reacts to proposals on discount rate
The insurance industry has reacted to the Justice Committee’s proposals on discount rate reform.
MPs call for ‘evidence-based’ revision of discount rate
If the government revises the discount rate next year it should carefully consider the impact on the disadvantaged, a Parliamentary committee has warned.
Industry welcomes ILS legislation approval
The insurance sector has welcomed the decision taken yesterday by the Delegated Legislation Committee in Parliament to allow proposed insurance-linked securities regulations to pass.
Dave Gill appointed to head of operations at Allianz UK
Allianz UK has appointed Dave Gill to head up all of its specialty operations including Petplan.
Aviva is targeting higher growth and preparing for bolt-on acquisitions
Aviva is upgrading its targets for earnings growth, cash and dividend in order to make bolt-on acquisitions and pay off debt.
Roundtable: Modernising the London market
For years, Lloyd’s of London has been grappling with the challenges of modernisation. As businesses within the London market come under increasing competition and margins are challenged, both Lloyd’s and the wider market are focusing greater energies on…
Controversial motorcyclist injury claim ‘could spark more lawsuits’
A man who knocked down and killed a pedestrian was able to claim injury compensation from the victim’s motor insurance policy in a landmark legal case.
Lloyd’s pays $1.7bn for Harvey, Irma and Maria
The Lloyd’s market has paid claims worth $1.7bn in response to windstorms Harvey, Irma and Maria.
AA sells its emergency home cover business to Homeserve
Homeserve has bought the emergency home cover book from AA for an undisclosed sum.
Simply Business poised for further international expansion
Simply Business is poised for further international expansion seven months on from its acquisition by Travelers.
Gary Lineker-backed insurtech enters partnership with Arag
Neos will partner with Arag to provide home emergency and legal expenses cover for its connected home product.
Insurtech accelerator granted FCA approval
An insurance accelerator has been granted approval to launch up to 25 insurtech start-ups within the next five years.
LMG outlines post-Brexit free trade agreement
The London Market Group has outlined a free trade agreement for the insurance sector to help the industry navigate trade issues during Brexit negotiations.
Markel completes acquisition of ECIC
Markel has completed its acquisition of EC Insurance, following regulatory approval.
Analysis: Review of the year 2017
The past year has been a stormy one for the insurance market – and not just in terms of weather: the discount rate saga and the insurance premium tax hike helped propel motor premiums to stratospheric highs. Industry figures see clearer skies, however,…