United Kingdom (UK)
Applied Net 2017: Brokers must invest in technology to grow valuations
Brokers need to invest in technology to grow the valuations of their businesses as the market continues its trend of consolidation, a conference heard.
Thomas Miller Specialty launches general aviation business
Thomas Miller Specialty has taken aim at the aviation insurance sector with the launch of a general aviation facility.
AIG to restructure operations into three units
AIG is restructuring its business into three separate units and is disposing of its commercial and consumer businesses.
Co-op Insurance names former Axa CEO Hubbard as chair
Co-op Insurance has named former Axa CEO Peter Hubbard as chairman of the board.
Dive In 2017: Workplace culture 'needs to change', says insurance sector
Seven out of ten insurance professionals believe their workplace culture needs to change, according to survey findings.
Ogden reform could see fewer shocks to industry
Ogden reform could see fewer shocks from discount rate changes in future, AM Best said.
Ex-Aviva and Suncorp CEO Patrick Snowball joins Sabre board to help oversee IPO - updated
Exclusive: Motor insurer Sabre has recruited UK insurance veteran Patrick Snowball – a man who once sold the business - to its board as it gears up for its IPO.
RSA's James Gearey on finding the right balance
After a 10-year break from general insurance, James Gearey, managing director of commercial risk solutions at RSA, finds the industry has moved on a lot but still needs to work on responsiveness and communications with customers.
Foil's Nigel Teasdale on engaging with Europe after Brexit
The UK's Brexit Withdrawal Bill is making its way through parliament but Nigel Teasdale, president of the Forum of Insurance Lawyers and partner at DWF, believes this will make interactions with the European Union even more important for the insurance…
Week in Post: Cancelled flights, closed doors and canned ads
My dad was one of 400,000 passengers affected this week by air traffic control delays, bad weather and a backlog in employee holidays for the delay, which lead to budget airline Ryanair cancelling 50 flights a day for the next six weeks.
Skuld and Asta launch Agora syndicate 3268
Marine insurer Skuld and third-party managing agent Asta have received in principle approval from Lloyd’s to establish Agora syndicate 3268.
Saga reports 5.5% rise in first-half underlying profit
Over-50s travel and insurance company Saga reported a 5.5% rise in first-half pre-tax profit, driven by strong demand for holidays among older Britons.
Capsicum's Chris Hardcastle on the capacity struggle facing MGAs
Managing general agents are popping up all over the place but capacity is coming under pressure. Chris Hardcastle, managing director of Capsicum Delegated Authority, asks if there is enough capacity to go round.
Blog: Barriers to disruption and how to hurdle them
Legacy systems and industry culture are preventing incumbents insurers from innovating, writes Jane Disney, financial services industry value engineer at SAP, urging the sector to rethink itself as support services.
Pioneer and Asta to establish Lloyd's syndicate
Pioneer Underwriters and Asta have received “in principle” approval from Lloyd’s to establish a syndicate.
Start-up Guevara closes for business after failing to establish capitalised underwriting vehicle
Insurtech peer to peer start-up, Guevara, has closed its business after four year due to failing to establish a capitalised underwriting vehicle.
Integration not on the cards at Ardonagh: Ross
The Ardonagh Group will not look to integrate the businesses under its control, the company’s CEO told Post.
Ardonagh to take aim at ‘dollar economy’, says Ross
The Ardonagh Group can go “anywhere it wants” as it sets its sight on expansion into the US market, the company’s CEO has said
Co-op Insurance sees £15.5m pre-tax operating loss in H1 2017
Co-op Insurance saw sales drop 21% in H1 2017, reporting an operating loss before tax of £15.5m compared with a loss of £8.6m for the same period in 2016.
Travel claims added to CUE to tackle rising fraud
An industry anti-fraud database will now include details of travel claims.
Ardonagh adjusted Ebitda up 21.3% in first earnings report
The Ardonagh Group posted adjusted Ebitda of £57.6m in the first six months of 2017, a 21.3% rise year-on-year.
Brightside to launch MGA Kitsune in Q2 2018
Brightside’s managing general agent, Kitsune Associates, is set to launch during Q2 next year.
Admiral receives government grant to expand business
Admiral received £668,500 from the Welsh government in order to create close to 200 jobs in Cardiff.
Hiscox appoints ex-GCHQ spy chief
Hiscox has appointed ex-GCHQ director Robert Hannigan as special advisor on cyber security to provide the business with intelligence on cyber risks and products.