United Kingdom (UK)
Government stands by level of broker regulation
The government has stood by the level of regulation levied on non-life insurance brokers in the UK.
Penny James succeeds John Reizenstein as Direct Line CFO
Direct Line has appointed Penny James to succeed John Reizenstein as chief financial officer.
This Month in Post: Discount, diversity and data
There was some good news and some bad news this week for the insurance industry.
LV commits to passing all Ogden savings onto motorists
LV has become the first insurer to commit to passing 100% of savings from the government’s Ogden legislation to motorists.
Aviva could see boost of up to £200m from Ogden discount rate reform
Aviva stands to make a one off gain of between £100m and £200m as a result of any future discount rate revision to 0-1%.
Legal & General partners with SSP to provide quoting platform for home insurance
Legal & General has partnered with SSP to develop a quoting process which uses big data to provide customers with a home insurance quote in 90 seconds.
Connected and autonomous vehicle testing hub receives £100m government investment
A co-ordination hub for connected autonomous vehicle testing has gained £100m in financial backing from the government's Connected Autonomous Vehicle investment programme in order to develop technology.
ERS launches agriculture operations unit
ERS has launched a 27-strong agriculture operations team as a result of increased demand.
Insurers rejoice at new Ogden formula on Twitter
Insurers took to Twitter to express their satisfaction with the new mode of calculation for the discount rate, which the government unveiled today.
Marsh restructures global management
Broking giant Marsh has unveiled a new global management structure, including new appointments to its executive management team as part of a global management shake-up, effective immediately.
Darag makes string of senior appointments
German run-off insurance company Darag has made a string of senior appointments.
Neos to provide home insurance quotes in under 30 seconds
Insurtech start-up Neos has introduced a propositions which it claims will provide customers with a home insurance quote in under 30 seconds.
Fintech continues to grow despite worries over attracting talent
Half of UK fintech firms are expecting revenue growth to more than double in the next year, with some expecting their next fund raising round to exceed £2.5bn.
Live blog: Ogden discount rate reform
Follow reactions to the draft reform to the Ogden discount rate reform in our live blog.
Markel to acquire ECIC
Specialist insurer, Markel International has acquired EC Insurance Company.
Analysis: Going fishing: What is fuelling consolidation in the loss adjusting sector?
The loss adjusting space continues to shrink, with three major acquisitions of loss adjusting firms in the first two weeks of last month.
I work in Insurance: Vanessa Riboloni, CII
Vanessa Riboloni is the knowledge services team leader at the Chartered Insurance Institute.
Industry welcomes draft reform on Ogden discount rate
Insurers have welcomed government plans to alter the way the discount rate is set in future.
Interview: Wrisk co-founder Nigel Barton
Weeks away from launch, Wrisk co-founder Nigel Barton talks to Jonathan Swift about how his business hopes to change the insurance ‘dialogue’, the need for start-ups to forge partnerships with well-known brands, and why it is necessary for the UK to keep…
Top 30 European Insurers 2017 Ranking: A mixed year for insurers
Market conditions for European insurers are extremely challenging, with companies facing a wide range of difficulties. Some have had to restructure their books of business because of poor results in the past, although their ability to turn around…
Analysis: Renewables - Riding out the storm
The risk landscape in renewable energy is constantly changing and underwriters need to exercise proper due diligence, argues Fraser McLachlan, CEO of Gcube Underwriting.
Penny Black's Social Month: September 2017
Youth camp, yachting champs and getting damp
My other life: Andy Baldwin, cyclist
Andy Baldwin, marketing executive at NMU, is training for a 100-mile charity bike ride.
FSCS declares three insurance companies in default
The Financial Services Compensation Scheme has declared three insurance companies in default.