Insurer
Industry calls for tougher CMC regulation ahead of Commons debate
Exclusive: Industry has urged government to take a tough stance on cold calling ahead of a debate in parliament.
Consortium completes $952m acquisition of Canopius
A private equity consortium led by Centerbridge Partners has completed its acquisition of Canopius.
Blog: Beast from the East opens the valves for escape of water claims
The 'Beast from the East' and storm Emma have caused a surge in escape of water claims, notes Clive Nicholls, UK and Ireland CEO of Crawford & Company, urging the insurance industry to unite to promote preventative measures.
Foil's Stephen Hines on why it's time to refocus the agenda on clinical negligence reform
With the NHS facing spiralling costs, reform to clinical negligence claims should not be seen as controversial, says Stephen Hines, president of the Forum of Insurance Lawyers.
Burford Capital to set up insurance company in Guernsey
Investment management firm Burford Capital has received outline approval to set up an insurance company in Guernsey.
Aviva has £600m war chest for acquisitions
Exclusive: Aviva has a £600m war chest for bolt-on acquisitions, but the money would only be spent on firms which add “significant value” to the group.
Hammond calls for EU free trade agreement on financial services
Philip Hammond has said there is no reason that the UK financial sector cannot be part of a free trade agreement post Brexit.
Beazley to step down as LMG CEO
London Market Group CEO Chris Beazley is to step down in the summer of 2018.
Aviva moves on from Ogden blow to return to profit
Aviva has shaken off the impact of Ogden to see a 4% growth in UK general insurance profit last year.
Blog: Young women, jump at an insurance career
As we mark International Women’s Day 2018, Angela Darling, group risk and compliance director at Complete Cover Group, feels the insurance industry has come a long way towards accepting women onto boards in the last 40 years.
Blog: Non-damage business interruption comes ashore
Non-damage business interruption has long existed in the maritime sector and could come ashore for companies looking to protect themselves, especially from cyber risk, explains David Williams, underwriter at The Strike Club.
Wrisk CEO warns politicians of barriers for insurtechs accessing government scheme
Exclusive: Politicians need to look at the Enterprise Investment Scheme to make it easier for insurtech start-ups to access it.
Axa-XL deal puts both insurers' ratings under review
The major rating agencies have unanimously taken rating actions on both Axa and XL Group following the recent announcement that the French insurance giant is looking to acquire 100% of the specialty insurer.
Esure broadened risk appetite to spur motor growth, says Ogden
Esure has been able to grow its motor book substantially over the past three years as a result of a more relaxed risk appetite.
Updated: QBE claims boss replaces Ashton West at helm of MIB
Ashton West OBE is to retire as CEO and executive director of the Motor Insurers’ Bureau, being replaced by former QBE group chief claims officer Dominic Clayden.
Esure's profit up 35.6% at full-year
Esure has reported a pre-tax profit of £98.6m for the year ending 31 December 2017.
Interview: Andy Homer, former Towergate CEO
Industry veteran Andy Homer talks to Ryan Hewlett about life after Towergate, the insurtech world and why Brexit represents an open door for the canny Angel investor.
China-backed hackers can cause insurers 'extensive' losses
China-backed hackers have the technical capabilities to cause insurers extensive losses, a consultant warned.
Urban Jungle to offer home sharing insurance
Insurtech start-up Urban Jungle has launched tenants' liability insurance for renters and is planning to release a number of other products in the coming months.
GRP hires Clive Nathan as CEO of MGA division
Global Risk Partners has appointed Clive Nathan as CEO of the group’s managing general agent division.
Channel, Canopius and LSM join forces on trade credit platform
The Channel Syndicate and Canopius will join Liberty Specialty Markets in forming a consortium to provide capacity for Toredo, an online platform for single situation trade credit insurance.
RSA director of motor and injury claims Ian Currie set to retire
Exclusive: RSA director of motor and injury claims Ian Currie is set to retire at the end of the month.
Blog: The race to the GDPR finish line is on – but don’t lose sight of the customer
2018 presents some big challenges for the motor insurance sector, not least of which is the General Data Protection Regulation. James Roberts, business development director for insurance at Europcar UK Group, believes partners can help insurers here.
Updated: Motor claims from Beast from the East could hit £33m
The industry is counting the cost of ‘the Beast from the East’, with motor insurers in particular facing claims of up to £33m.