Major financial services firms had spent nearly £4bn preparing for life after Brexit as of 31 May, according to EY.
Exclusive: Motorists driving in France will not be able to claim compensation if they are struck by an uninsured or untraced vehicle after Brexit.
Exclusive: The complexity of repairing semi-autonomous vehicles has seen claims inflation rise significantly in the past year, insurers have warned.
This week Aviva has been tipped to unveil a new structure which will again see its UK general insurance and life/pensions businesses split. Jonathan Swift reflects on why this should not come as a surprise as history dictates the insurer has never been…
This week, along with the rest of the team, I attended the British Insurance Brokers’ Association conference. I knew it would be an action-packed week - but nothing could prepare me for what was ahead.
It was the Competition and Markets Authority that recently put paid to Sainsbury’s and Asda’s marriage plans, but there are plenty of other risks that also regularly threaten the success of mergers and acquistions – ranging from the uncovering of…
Clyde & Co has opened an office in Dublin to ensure its Irish law insurance practice can continue to operate seamlessly as the UK leaves the EU.
The UK has seen a wave of consolidation in regional broking over the past few years, making competition for viable targets a challenge. In response, several consolidators are starting to look to Ireland and Europe as a potential area of expansion.
In anticipation of the new discount rate announcement, expected by 5 August 2019, many insurers have already started to price and reserve at 0%
Claims costs have driven an average premium increase of 35.1% since April 2014, Consumer Intelligence has found.
Covéa Insurance saw its underwriting profit slashed to £1.8m in 2018 compared to £12.4m in 2017, as its personal lines business felt the impact of claims inflation and adverse weather.
The Financial Conduct Authority has set out its priorities for the year ahead in its 2019/20 business plan, identifying Brexit as its “immediate priority”.
Trade credit insurer Atradius has forecast that global insolvencies are set to rise for the first time in 10 years, with the UK facing the highest increase of all advanced markets.
French insurance company La Parisienne Assurances will establish a third-country branch in the UK, in order to continuing operating in the country after Brexit.
Exclusive: Pukka has shuttered a dormant UK branch that would have acted as a contingency if the UK and Gibraltar lost passporting arrangements.
What’s fueling motor insurance today? Michele Bacchus talks to the industry and gives the low-down on what’s heading down the highway towards insurers in both the fast and slow lanes
The more things change, the more they stay the same. So runs a French expression that feels apt in a week that saw Brexit delayed, leaving us all wondering whether we will be able to talk about anything else ever again.
Despite motor insurance premiums falling 6.7% in the past year, data analytics company, Consumer Intelligence, has warned that concerns over Brexit could be causing premiums to creep upwards.
Liberty Mutual Europe has completed its re-domicile from the UK to Luxembourg.
The Chartered Insurance Institute’s New Generation Claims Group has issued guidance for the compensation of claims in the event of riots.
More than one in five employees say their employers are stockpiling as a contingency against Brexit-related disruption, with these businesses at risk of being underinsured unless they ensure their cover is brought into line with the value of their…
When the regulator fined Carphone Warehouse £29m this week, the real target was the use of high pressure sales techniques in insurance.
Amanda Blanc said insurers should not accept a Brexit outcome that prevents the UK industry from having influence over a critical European Union Solvency II review.
With the outcome of Brexit still unclear and a possible European Union exit on 29 March looming, some insurer bosses have cautioned that we could see rising claims inflation this year.