United Kingdom (UK)
Details emerge on £500m Sabre float
Sabre has hired Barclays and Numis Securities to oversee a listing on the stock market that could be worth £500m, according to Sky News.
This week in Post: M&A, Ogden misery and the Mobot
With London hosting the World Championships there has been a sports buzz about the city this week.
A-Plan's Carl Shuker on how to deserve customer trust
Insurers could create a panel of customer advocates to rebuild trust, recommends Carl Shuker, CEO of A-Plan Insurance.
Blog: Insurers must pursue exaggerated claims
A recent prison sentence for a claimant who exaggerated injuries, is proof that compensators should pursue this kind of fraud vigorously, writes Kieran Jones, partner at Weightmans.
Insurance Fraud Task Force calls on aggregators to use data sharing platforms
The Insurance Fraud Task Force has recommended that aggregators utilise software to weed out application fraud.
Trak Global reveals financing deal and restructure
Trak Global Group has secured a senior debt financing deal with HSBC and revealed a new group structure.
ERS sees profits plummet 280% from Ogden hit
ERS has seen a 280% fall in profits as the company suffered a hit from Ogden.
Zurich UK takes £182m battering from Ogden change
Zurich UK took a £182.1m hit in H1 as a result of the change to the Ogden discount rate.
Deloitte partner Rakow fined £75,000 for misconduct
Deloitte partner James Rakow has been fined £75,000 for misconduct in relation to actuarial services provided to Equity Syndicate Management Limited.
Charles Taylor acquires Criterion for £13.1m
Charles Taylor has bought specialist loss adjuster Criterion Adjusters for up to £13.1m.
Insurance United Against Dementia: How JLT Specialty is building a strategic partnership with Alzheimer's Society
As Insurance United Against Dementia looks to build on the momentum of its association with the British Insurance Awards, Jonathan Swift spoke to JLT Specialty about its tie up with IUAD's charity partner Alzheimer's Society.
PRA to consider insurers' Brexit contingency plans
More than 400 banks and insurers have submitted Brexit contingency plans to the regulator, as the UK looks to negotiate a favourable exit deal from the European Union.
Ageas faces further Ogden hit of up to €15m in second half
Ageas will see a further hit of up to €15m (£13.5m) in the second half of the year from the Ogden rate change.
Khaitan to head up RSA's GRS business
Ex-Aspen head of change, Anny Khaitan, has been appointed as chief operating officer of RSA’s Global Risk Solutions business, after joining the insurer in July 2017.
L&G sees GI profit drop of 48% from escape of water claims
Legal & General saw a 48% drop in profits for its general insurance unit due to higher than expected costs from escape of water claims.
Hastings vows further data investment as profit rises by 22.1%
Hastings has seen a 22.1% increase in H1 adjusted operating profit, as the company vowed to continue investment in its data-driven model.
Ageas UK sees profits fall after €31m Ogden hit and declining motor COR
Ageas UK continued to be hammered by the impact of the Ogden rate changes, with profits falling 73% in its H1 result.
Interview: Humphrey Bowles, Guardhog
Despite his last business venture crashing and burning, Humphrey Bowles, co-founder of Guardhog, has re-entered the insurance market with an insurtech proposition to serve the sharing economy.
CII sees profit dip due to change programme
The Chartered Insurance Institute has seen a 12% dip in pre-tax profits from the previous year.
GDPR consultation fails to address 'key concerns' of industry
The insurance industry has critcised the government statement of intent on the new data protection bill saying it fails to address concerns on processing sensitive data without obtaining explicit consent.
Businesses could face £17m fine for lack of cyber protection
Businesses that fail to protect their services from cyber attacks could face fines of up to £17 million, the Department for Digital, Culture, Media and Sport has warned.
CII could raise £19m from sale of Insurance Hall
The Chartered Insurance Institute could potentially raise £19m from the sale of its historic Aldermanbury building.
Keoghs in talks to acquire Hill Dickinson’s insurance business
Law firm Keoghs is in talks over the acquisition of Hill Dickinson’s insurance business.
Tough market sees 57% drop in number of claims firms
The number of claims management companies has more than halved in the past six years, according to official figures.