Insurer
Hiscox rolls out new security incident response policy
Hiscox has launched a new security incident response policy to protect SMEs against terrorism, bribery, extortion and industrial espionage.
UK could be downrated as a result of Brexit, says Fitch
A hard Brexit may lead to the UK's sovereign rating being downgraded.
Cycling: Superhighways for European insurers?
Cycling as both a sport and a means of commuting currently enjoys a very high profile. Whether for health, convenience or passion, it seems more people are turning to pedal power, and the European insurance industry is beginning to take notice.
Intesa weighs bid for Generali
Italy's largest bank Intesa Sanpaulo is investigating a potential bid for Italy's largest insurer Generali.
Direct Line launches new telematics app to reduce risk of crashes in young drivers
Direct Line has launched new telematics app to promote safe driving in drivers aged 17-25-years old and reduce the risk of crashes.
Start-up broker Cuvva launches pay-as-you-go motor insurance
Pay-as-you-go broker, Cuvva is to launch a car insurance product for people who use their vehicles infrequently.
Treasury Committee on Solvency II post-Brexit hears evidence from ABI and Lloyd's
Industry leaders gave oral evidence on Wednesday to a Treasury Committee on Solvency II post-Brexit.
Compre buys W&W's Ridgwell Fox legacy business
Compre is to acquire Wüstenrot & Württembergische's share of the Ridgwell Fox pool legacy reinsurance business.
Aon group president Steve McGill to leave
Aon group president Steve McGill is to leave the firm.
UK boss Alan Moore hails Generali as a 'viable alternative' to corporate insurance establishment
Generali is "a sleeping giant" in terms of corporate multinational business and could position itself as a real competitor to the likes of AIG, Allianz and Zurich, says its UK head.
Ed appoints Corke as CEO of underwriting
Newly rebranded Ed has appointed Gary Corke as CEO of underwriting.
FCA: Consumers overpaying £108m a year in ‘poor value’ add-ons
The Financial Conduct Authority said customers may be overpaying £108m every year in insurance add-ons, with sometimes less than 10% of retail premiums for add-ons paid out in claims.
Motor fraud: Reaching critical mass
Although the adoption of My Licence has been slow to date, the Motor Insurers’ Bureau has predicted an increase in uptake to 50% this year. Will 2017 see the service reach critical mass?
CIRC clamps down on insurers' equity investments
The China Insurance Regulatory Commission has imposed stricter guidelines for China's investments in non-insurance companies.
Chubb promotes Dmitriev
Nikolay Dmitriev, Chubb's regional managing director for Russia, CIS and Turkey, has been promoted.
DWF secures 215 jobs through Triton purchase
Manchester-based Legal firm DWF has acquired Triton from its administrators, saving 215 jobs from the multi-disciplinary practice.
Zurich loses court case due to 'ambiguous' policy wording
Zurich has lost a court case against Maccaferri Limited on the grounds that its notification clause wording was too ‘ambiguous’.
UK Vehicle rebrands to Cazana and appoints advisory panel
UK Vehicle has fully rebranded into Cazana, a database platform used by insurers, underwriters and loss adjusters to detect fraud at early stages.
Triggering Article 50 will require an Act of Parliament
The Supreme Court has ruled by eight to three that the government cannot trigger Article 50 without an Act of Parliament.
Legal Update: D&O liability, data protection and the avoiding of bogles
Scots worldwide are preparing to celebrate the works of poet Robert Burns. Two lines from his famous poem Tam o'Shanter will be spoken at many events: "Gathering her brows like gathering storm, nursing her wrath to keep it warm".
Accidental damage cited as bigger threat than whiplash to motor premiums
The average car insurance premium rose by £35 over the course of just three months last year, with accidental damage blamed as a major factor.
Blockchain could 'reshape' London market, report finds
Blockchain technology is a viable option for the London market, a report has found.
Competition is the key challenge facing insurers
Increased industry competition is the biggest challenge to business for general insurers, according to a survey.
AIG strikes $34bn legacy deal with Berkshire Hathaway's NICO
AIG has agreed a $34bn (£27bn) legacy deal with National Indemnity Company, a subsidiary of Berkshire Hathaway.