United Kingdom (UK)
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.
Aviva’s David Coulthard ad banned by watchdog
An Aviva advert starring ex-Formula 1 racing driving David Coulthard as a taxi driver has been banned for encouraging reckless driving.
Blog: Why incumbent insurers must buy out insurtech start-ups
Instead of just driving efficiencies, some start-ups now have the ambition to become full-stack insurers, warns Paul Cuatrecasas, CEO of investment bank Aquaa Partners, urging incumbents to buy out these potential competitors.
Integro appoints Keith Anderson as UK CFO
Integro Insurance Brokers has appointed Keith Anderson as UK chief financial officer.
Offshore energy insurance market is ‘sinking’, warns IUMI
The offshore energy insurance market is “sinking”, the chairman of IUMI's Offshore Energy Committee has warned.
Ed appoints Minesh Jani as CEO of MENA and Indian business
Ed Broking has appointed Minesh Jani as CEO of Middle East and North Africa, India and Indian sub-continent.
UK businesses call for three-year Brexit transitional deal
Insurers have joined more than 100 businesses in signing a letter to the Brexit negotiators asking for a transition period of up to three years.
The ABI's James Dalton on why the discount rate is not a job done yet
Insurers scored a victory on the discount rate but still have work to do, says James Dalton, director for general insurance policy at the Association of British Insurers.
Nicky Morgan urges Chancellor to make a decision on long-standing insurance contracts before Brexit
Chair of the Treasury Committee, Nicky Morgan MP, has written to Chancellor Philip Hammond on the issue of how cross-border insurance contracts will be managed after Brexit.
Insurers issue warning after Ryanair cancellations leave 400,000 grounded
Insurers have urged grounded Ryanair customers to seek compensation from the airline in the first instance rather than their travel insurance policies.
PWC highlights minority background pay gap
People from black, asian and minority ethnic backgrounds earn 12.8% less than others at PWC, the firm revealed.
Motor claims costs hit £2bn in Q2
Motor insurers paid out £2bn in claims in Q2 2017, according to the Association of British Insurers.
MGR takes aim at London aviation market
Mapfre Global Risks has entered the London aviation market.
Hiscox estimates Harvey impact at $150m
Hiscox anticipates the impact Hurricane Harvey to produce net claims of $150m (£110.6m).
Blog: Don't turn your back on fraud-busting tech
Fraudsters never rest and Lior Koskas, managing director of Digilog UK, urges the industry to remain open to sharing in the latest risk identification tools and continually review procedures for fraud.
AIG's Baldwin on how the London Market should view Brexit
As Brexit discussions continue, Anthony Baldwin, CEO of AIG Europe and AIG UK, asks if the London Market should be die-hard Brexiteers, cautious optimists, accepting pragmatists or devastated pessimists.
Swinton reports a drop in pre-tax profit during 2016 financial year following 'strategic' transformation
Swinton has reported pre-tax profit of £11.5m in the financial year ending 31st December 2016, down from £15.9m in the same period last year.
Lloyd’s and MGA market are growth areas for Davies Group: Saulter
Davies Group eyes up Lloyd's and MGA market as opportunity for growth, says CEO Dan Saulter.
Eight Bar Financial International acquires Accident Exchange Limited as part of major restructure
Accident Exchange Limited has been acquired by Eight Bar Financial International as part of a major restructure within Automotive and Insurance Group, AEL’s parent company.
This Week in Post: A new world of data awaits
I often find myself targeted by banner ads ranging from pizza takeaways, to – inexplicably - elderly toilet aids.
Davies Group continues spending spree with Ambant acquisition
Davies Group has acquired specialist insurance provider, Ambant Limited, which will see a new insurance division being formed within the group.