Company news
Ardonagh reveals future plan for Swinton as all branches close
Ardonagh group has confirmed the closure of all Swinton branches as the integration of the business is almost complete.
Admiral sees £33m Ogden blow in first half
Admiral has reported a hit of £33m from Ogden in the first half of 2019, with a total estimated hit of between £50m and £60m.
Zurich posts a 144% profit increase in H1
Zurich UK GI has seen an increase of 144% in operating profits for the first half of 2019.
QBE replaces Munich Re as underwriter for invoice insurtech
Invoice insurance startup Nimbla has replaced its previous underwriter Munich Re, with QBE.
Sedgwick acquires Nordic loss adjuster
Sedgwick has acquired Nordic Loss Adjusting and related entities, for an undisclosed amount.
Gallagher Bassett acquires Welsh claims management firm
International risk services firm Gallagher Bassett has acquired the assets of Welsh claims firm, Adjusting Associates, to expand its offerings in the UK.
ERS refreshes senior team
ERS has made changes to its senior team, as chief finance officer Kate Wade has chosen to take some time out of the market.
RSA to ‘remain vigilant’ on London Market business
RSA UK & International CEO Scott Egan hailed progress in the first half of 2019, but said the insurer will remain “vigilant” where it comes to its London Market business.
Arch beefs up Lloyd's presence with Barbican buy
Arch Capital has agreed to buy Lloyd’s insurance group Barbican.
Direct Line profit slips 10% in H1
Direct Line saw profit slide 10.2% for H1 compared to the first half of 2018.
Nexus buys MGA Plus Risk Limited
Nexus has acquired financial and professional lines managing general agent Plus Risk Limited.
Sabre GWP drops in H1 from ‘intense competitive pressure’
Sabre’s combined operating ratio remained in its target of within the mid-70s range, while premiums shrank 7% in the first half of 2019.
Bupa's Alex Perry on prioritising mental health in the insurance sector
One in four people experience poor mental health each year, writes Alex Perry, CEO of Bupa Insurance UK, arguing that with a quarter of customers affected by the issue it's important that addressing mental health is a priority for the whole insurance…
Hiscox posts H1 profit of $168m, despite higher volume of claims
Hiscox has reported a profit before tax of $168m for the first quarter of 2019, up from a profit of $162.7m on the same period last year, despite a higher volume of claims.
Aston Lark poised for further acquisitions after posting profits in 2018
Aston Lark made a profit during its transformational year.
Lemonade rival Hippo picks up $100m in latest funding round
Lemonade competitor Hippo has raised $100m in a Series D funding round, led by Bond Capital.
JLT’s Tim Chadwick to join PIB as CRO
PIB has appointed Tim Chadwick as chief risk officer, following the departure of Jon Stanley.
Date set for Covéa legal action as Scor CEO hails ‘strong performance’ in H1 2019
Scor’s property and casualty division has seen growth in H1 2019, while legal action against Covéa and its CEO and chairman Thierry Derez will continue in 2020.
Arron Banks’ Eldon adds appointed representative
Exclusive: Eldon Insurance has made recently incorporated company Lysander Legal Protection an appointed representative.
Confused appoints ex-Wonga exec as COO
Confused has hired Stephen Dukes, former boss at the Commuter Club and Wonga, as its chief operating officer.
Aviva's Neos hopes to double UK customer base by year end
Neos intends to double its UK direct customer numbers this year, amid international expansion plans and the launch of an add-on product for the UK market.
Victor Insurance is looking to expand internationally
Victor Insurance is looking to build on growth following the rebrand from Bluefin Underwriting.
Victor names incoming UK boss
Victor Insurance, formerly Bluefin Underwriting, has appointed John Stephenson as country manager, UK, succeeding Paul Drake.
Ageas confirms Axa's Waks as chief risk officer for UK
Evan Waks has been appointed as Ageas UK’s chief risk officer and will start with the business in September.