United Kingdom (UK)
Sector must tackle rising escape of water claims, warns ABI
Tackling the rising costs of escape of water claims must be the “number one priority” for the domestic property insurance market, the Association of British Insurers has said.
Home premiums on the up as repair costs and fraud escalates
Home insurance premiums are soaring as rising inflation increases the cost of claims while fraud escalates, according to research findings.
Sabre sets out share price range ahead of IPO next month
Sabre Insurance has set out the share price range for its initial public offering next month.
Stephen Hines elected president of Foil
Stephen Hines has been elected president of the Forum of Insurance Lawyers, succeeding DWF’s Nigel Teasdale.
Former Admiral pricing exec named CEO of US subsidiary
Alberto Schiavon has been named as CEO of the US direct to consumer insurer Elephant Insurance.
Driven Consortium backs Budget on autonomous vehicles
The Driven Consortium has welcomed government plans to slash regulation and boost financial support to aid the development of autonomous vehicles.
Insurers welcome IPT freeze in this year’s Budget
The government will not raise insurance premium tax in this year’s Budget, a move which has been welcomed by insurers.
Allianz takes aim at underinsured SMEs
Allianz is launching a data initiative designed to reduce the number of SMEs that are underinsured.
Canopius signs admitted paper deal with State National
Canopius has signed an agreement with State National, enabling it to offer specified lines of insurance written on admitted paper across the United States.
Haegeli named Swiss Re's chief economist
Jerome Jean Haegeli will become Swiss Re's group chief economist at the Swiss Re Institute.
Liberty promotes Beechey to global financial risks role
Liberty Specialty Markets has named Andrew Beechey as head of underwriting and strategic development for global financial risks.
Interview: Lyndon Wood, Moorhouse Group
Lyndon Wood is an author, TV presenter and entrepreneur behind the largest independent insurance broker in Wales.
Analysis: Home, sweet connected home
Connected devices can help underwrite and mitigate household risks, but they also open the door to cyber vulnerabilities.
Post survey: Advanced Driver Assistance Systems
Post is polling the market on what advanced driver assistance systems mean for motor insurers and their customers.
H2 nat cats set to push up P&C pricing, says Swiss Re
Prices in non-life insurance and reinsurance are expected to increase as a result of the recent nat cat activity across the Atlantic, Swiss Re has said.
Commercial insurance rates continue to decline in Q3
Global commercial insurance rates have declined for the 18th consecutive quarter.
Carole Nash was ‘target consumer brand’ for Ardonagh, says Ross
Motorcycle broker Carole Nash was a longstanding acquisition target for Ardonagh, the group's CEO said
Ardonagh adjusted Ebitda up 19.7% in Q3
The Ardonagh Group posted adjusted Ebitda of £ 79.1m in the first nine months of 2017, a 19.7% rise year-on-year.
Blog: Are suppliers ready for the GDPR challenges?
The thought of the incoming General Data Protection Regulation may send some into panic but Steve Cook, managing director of Covent Bridge, says suppliers have been ahead of the game for some time through self-imposed compliance.
Ecclesiastical urges Chancellor to make charities exempt from IPT
Ecclesiastical has backed the Charity Finance Group by urging the Chancellor, Philip Hammond, to make charities exempt from Insurance Premium Tax ahead of Wednesday’s budget announcement.
British travel infrastructure hampering business, QBE warns
British travel infrastructure ranks among the worst in Europe, a survey by QBE Business Insurance revealed.
Nat cats could cost MS&AD $972m
MS Amlin owner MS&AD Insurance Group could see losses of over $972m (£734m) as a result of second quarter nat cat losses including hurricanes Harvey, Irma and Maria as well as earthquakes in Mexico.
Ignition Select boss sees another company go into liquidation
Exclusive: The director of failed Ipswich broker Ignition Select has seen another of his companies placed into voluntary liquidation.
Insurtech firm raises further £6m with plans to expand internationally
On demand insurance provider Zego has raised £6m in funding from Balderton Capital, as it looks to double in size and increase its product offering.