United Kingdom (UK)
Dale Underwriting Partners receives Lloyd's nod on contingency SPA
Dale Underwriting Partners has been granted in principle approval by the Lloyd’s Franchise Board to establish a special purpose arrangement.
Questgates acquires majority interest in Hyperion Adjusters
Questgates has agreed to acquire a majority interest in London-based Hyperion Adjusters.
Blog: Travel insurance alone doesn't cut it for corporate clients
Corporate clients want travel insurance and travel risk management in the same place, says Chris Knight, head of corporate services at Cega.
Analysis: Killer cars
How is the industry reacting to emerging terror trends?
Hiscox sees profit and GWP rise in H1
Hiscox saw its gross written premiums increase to £1.45bn in H1, a 13% rise on the same period last year.
IBM terminates £55m digital transformation deal with Co-op
IBM has terminated its £55m contract to upgrade Co-op Insurance’s IT systems.
This Week in Post: Vnuk is a four letter word
When my toddler says ‘fox’, it sounds very rude. I mainly laugh at it but I’m also a bit scared that the next time she spots a fox in our local park, she will point at it, proudly shouting ‘F***! F****!’
TfL settles first claims from Croydon tram crash at £900,000
Exclusive: Transport for London has paid £900,000 to settle seven personal injury claims from the Croydon train crash in December last year, with 69 claims outstanding.
Gallagher posts 6% rise in H1 broking profit
AJ Gallagher posted a 6% rise in profit for its broking business in the first six months, compared to the same period last year.
Vnuk amendments would remove access to justice, lawyers warn
Removing off-road vehicles from the scope of motor insurance could eliminate injured people and bereaved families from the justice system, lawyers have warned.
Blog: Building on blockchain
Blockchain is gaining popularity among insurers, who will need to figure out how to integrate it with legacy systems, says Michael Clifton, senior vice-president, global insurance strategy and ventures at Cognizant.
Brolly closes £1m seed round with Valar Ventures
Insurtech start-up Brolly has closed a £1m seed round led by Valar Ventures, Pi Labs and Entrepreneur First.
JLT to make acquisitions in H2 2017
JLT is likely to make strategic acquisitions in the second half of 2017.
PPL update expected mid-September following delays
Placing Platform Limited, the London market’s electronic placing platform, will get its next update in mid-September, the platform's board has said.
Kennedys launches incubator platform to modernise legal services
Global law firm Kennedys has launched an incubator platform to build technological innovation within the legal sphere.
Crime stats reveal 20% fall in insurance fraud
Exclusive: The Insurance Fraud Bureau has issued a cautious welcome to a 20% fall in insurance fraud cases last year.
Allianz launches on-demand drone insurance with start-up Flock
Allianz has partnered with start-up Flock to launch app-based on-demand drone insurance for commercial and recreational users.
Lancashire profit up at $67m in H1
Property and casualty insurer Lancashire reported an 18% rise in first-half pre-tax profit thanks to a benign loss period.
JLT's profits jump 80% as business grows across all territories
JLT saw total revenue growth of 11% in H1 2017, up to £689.9m from £619.4m for the same period last year.
Blog: Caravanning, a journey to cross-selling lands
Caravanning clients offer brokers many cross-selling opportunities, writes Graeme Hamilton, head of leisure insurance at Jackson Lee Underwriting.
Market Moves: August 2017
Some of the movers and shakers in the market this month
Career Development: Axa latest insurer to sign Women in Finance Charter
Axa has signed the Women in Finance Charter.
FCA head of insurance policy promoted to head of Scottish department
The Financial Conduct Authority’s head of insurance and pensions policy has been promoted to head of department, Scotland.
EU Commission opens consultation on Vnuk
The European Commission has opened a four-week consultation on the scope of the Motor Insurance Directive in relation to the Vnuk ruling.