Insurer
R&Q completes first US-based novation
Randall & Quilter has completed its first US-based self-insurer novation.
Digital Insurance Collective Blog: Where do MGAs fit in?
A lot of attention has been drawn to the digital developments that are being undertaken by insurers in the direct market but, while direct is an important market, transformation of the indirect channel is also deserving of more attention.
Blog: Insurers must prepare for disasters
Planning the response to large-scale catastrophes is a must for all general insurers.
Fagen appointed Insurance Council of Australia president
Colin Fagen, QBE's chief operations officer, has been appointed president and chairman of the board at the Insurance Council of Australia.
Marine cargo MGA launches with backing from Hiscox
A regional cargo market managing general agent has launched in the UK, backed by capacity from Hiscox and Lloyd’s syndicates.
IPT rise will cancel out benefits of whiplash reform for younger drivers
The increase in insurance premium tax will effectively cancel out the benefits from proposed whiplash reform felt by younger drivers.
Admiral CEO donates £3.94m of shares to own charity
Admiral CEO David Stevens has donated 205,000 shares, worth £3.94m to a charitable foundation in which he is the main trustee.
FCA publishes supervision plans for Insurance Linked Securities
The Financial Conduct Authority has outlined its proposed approach to the authorisation and supervision of Insurance Special Purpose Vehicles, which will facilitate Insurance Linked Securities business.
Munich Re eyes up Iran entry
Munich Re is considering plans to provide its insurance services to Iran following sanctions relief at the beginning of the year, according to Iranian news broadcaster Press TV.
Europe: Data analytics could relieve whiplash pains
The whiplash reforms intended to reduce fraudulent claims in the UK may cap or scrap cash compensation for minor injuries. What effect will this have for claimants and insurers? A European comparison can provide greater insight.
Robin Reames: An obituary - updated
Robin Reames, the former Swiftcover and Axa claims director, has passed away surrounded by his family at King’s Hospital, London.
Industry welcomes £23bn investment in innovation in Autumn Statement
Plans by the government to contribute £23bn toward tech innovation have been welcomed by insurtech firms.
London Market welcomes proposed ILS reform
The London Market has welcomed the publication by the government of draft regulations for Insurance-Linked Securities for consultation.
IPT set to rise in June, Chancellor confirms
Chancellor Philip Hammond confirmed the insurance premium tax will rise in June.
Generali to sell off €1bn of assets by 2018
Italy's biggest insurer Generali is looking to leave unattractive markets in a bid to generate €1bn, the firm announced ahead of an investor day meeting this morning.
Go Compare launches telephone blacklist to tackle fraud
Go Compare has launched a telephone blacklist to prevent fraudsters from reaching insurers via the aggregator’s website.
Brokers on government SME advisory panel
Insurance brokers have been given a seat on an advisory panel put together by The Cabinet Office under plans to boost government spending with SMEs.
Industry reacts to Autumn Statement
Live reactions from the industry
Tackling flood risk needs a collaborative effort, says Flood Re chairman
Insurers, environment agencies and government need to collaborate if they are to tackle the threat of flooding effectively, said Mark Hoban, chairman of the board of directors at Flood Re.
CEO Davies leaves Sompo Canopius
Stuart Davies is stepping down from his role as group CEO at global specialty (re)insurer Sompo Canopius with immediate effect.
Global tourism boom to spur purchasing of travel policies
Total travel insurance premiums are expected to grow 8.5% a year between 2016 and 2022 according to data from global firm Allied Market Research.
521 jobs at risk in Kwik-Fit Insurance office closure
Ageas is consulting with more than 500 staff over the planned closure of Kwik Fit Insurance in Uddingston, Scotland.
Gable policies will expire in a month, FCA warns
Policies with Gable will automatically be cancelled in less than a month’s time, the Financial Conduct Authority has warned.
FSCS declares Gable in default
Gable has been declared in default by the Financial Services Compensation Scheme.