United Kingdom (UK)
Interview: Karen Beales, UK General
Karen Beales was recently appointed CEO of UK General from her existing role as managing director, following JC Flowers’s acquisition of the company. Post discussed with Beales what the future holds for the managing general agent.
FCA outlines proposals to extend senior managers regime to insurers
The Financial Conduct Authority has today published proposals to extend the senior managers and certification regime to insurers, essentially replacing the approved persons regime.
Analysis: Monitoring medical misdeeds
Surgeon Ian Paterson went to prison in May for carrying out unnecessary cancer operations and this case has highlighted gaps in the insurance coverage of medical malpractice
Biba launches claims app for brokers
The British Insurance Brokers’ Association has launched a claims smartphone app facility for brokers with Insure Apps.
Syndicate DTW 1991 names two new underwriters
Randall and Quilters Lloyd’s Syndicate DTW 1991 has appointed two underwriters to its UK and international underwriting team.
Allianz appoints John Berry as director of underwriting and technical for personal lines
Allianz has appointed John Berry as director of underwriting and technical, personal lines.
Legal Update: Catastrophic injury claimants can benefit from assistive technology
Assistive technology can provide a cost-effective way of helping claimants with catastrophic injuries, explains Malcolm Henké, partner at Horwich Farrelly.
Blog: Digitisation and the battle for relevance
Digital technologies offer insurers the opportunity to reconnect with their clients and earn back their trust, writes Robin Wolstenholme, senior marketing specialist at Liferay.
Money Supermarket slapped with £80,000 fine for deluge of spam emails
Price comparison website Money Supermarket has been fined £80,000 by the Information Commissioner’s Office for sending millions of emails to customers who didn’t want them.
Personal injury CMCs made £2.8bn over the last decade
Personal injury claims management companies earned £2.8bn over the last 10 years, a government report has revealed.
Aviva names five start-ups for fintech incubation programme
Aviva and Founders Factory have revealed the first five start-ups selected for its fintech programme.
Public divided on driverless cars, study reveals
Over a third of the public are sceptical of driverless cars, with only four in 10 ready to embrace the technology.
Markel appoints Deepika Mathur to lead entry into Indian market
Markel International has appointed Deepika Mathur to lead its entry into the Indian market.
Jelf and Bluefin's Phil Barton on the Ogden rate
There have been many column inches devoted to the impact of Ogden discount rates on the motor and liability insurance markets since its unforeseen reduction to minus 0.75% in March this year. Jelf and Bluefin's CEO Phil Barton takes a closer look.
Broker Network saw revenue rise over 2016
Broker Network saw revenue increase to £10.3m in 2016, up from £8.8m in the previous year.
Beazley's H1 profit up 6% thanks to speciality lines and investment gains
Lloyd's of London insurer Beazley reported a 6% rise in first-half pre-tax profit, thanks to growth in its US specialty lines business and investment gains.
This week: Planning, predictions and packing
I am most definitely a planner. Being organised usually tops my list of attributes in appraisals and most of my life as a busy working mum is run by lists. In fact the holiday I'm just about to fly off to has been two years in the planning.
UK government releases final ILS regulations
The UK government has published regulations that will introduce a competitive regulatory and tax regime for Insurance Linked Securities.
Hannover Re completes acquisition of Lloyd's syndicate
German reinsurance giant Hannover Re has completed the acquisition of the UK holding company Argenta Holdings.
Insurtech funding hits $985m, up 248% in Q2
Funding for Insurtech start-ups saw a 248% increase to $985m during the second quarter of 2017, said Willis Re.
FSCS refunds £8.3m to Gable policyholders
Premiums worth £8.3m have been returned to former policyholders of Gable Insurance through the Financial Services Compensation Scheme.
Blog: Wearable tech as a way into the young HNW market
Brokers can use wearable technology as a way to enter the high-net-worth and mid-net-worth market, especially its young segment, advises Sarah Willoughby, art and private client development director at Ecclesiastical.
Insurance could cut natural disaster bill for developing nations by $11bn, says RMS
New types of insurance could cut the costs of natural disasters for poorer countries and reduce the amount of humanitarian aid needed, according to a new report.
Nexus enters US market with Zon Re deal
Specialty managing general agent Nexus Group has acquired US personal accident treaty reinsurance MGA Zon Re.