Insurer
EU and US sign covered agreement
The European Union and the United States has today signed the so-called covered agreement on prudential reinsurance measures.
Week in Post: Cancelled flights, closed doors and canned ads
My dad was one of 400,000 passengers affected this week by air traffic control delays, bad weather and a backlog in employee holidays for the delay, which lead to budget airline Ryanair cancelling 50 flights a day for the next six weeks.
Skuld and Asta launch Agora syndicate 3268
Marine insurer Skuld and third-party managing agent Asta have received in principle approval from Lloyd’s to establish Agora syndicate 3268.
Saga reports 5.5% rise in first-half underlying profit
Over-50s travel and insurance company Saga reported a 5.5% rise in first-half pre-tax profit, driven by strong demand for holidays among older Britons.
Capsicum's Chris Hardcastle on the capacity struggle facing MGAs
Managing general agents are popping up all over the place but capacity is coming under pressure. Chris Hardcastle, managing director of Capsicum Delegated Authority, asks if there is enough capacity to go round.
Blog: Barriers to disruption and how to hurdle them
Legacy systems and industry culture are preventing incumbents insurers from innovating, writes Jane Disney, financial services industry value engineer at SAP, urging the sector to rethink itself as support services.
Start-up Guevara closes for business after failing to establish capitalised underwriting vehicle
Insurtech peer to peer start-up, Guevara, has closed its business after four year due to failing to establish a capitalised underwriting vehicle.
Fadata to make more acquisitions as it looks to further penetrate Africa and Europe
Fadata is planning to expand its presence in the European insurance market following on from its acquisition of Munich-based insurance technology specialist Impeo.
Co-op Insurance sees £15.5m pre-tax operating loss in H1 2017
Co-op Insurance saw sales drop 21% in H1 2017, reporting an operating loss before tax of £15.5m compared with a loss of £8.6m for the same period in 2016.
Travel claims added to CUE to tackle rising fraud
An industry anti-fraud database will now include details of travel claims.
CEO Sian Fisher on why the CII is supporting Insurance United Against Dementia
Today is World Alzheimer’s Day which gives the insurance sector an opportunity to raise awareness about the growing threat of dementia and the challenges it poses to our society.
Brightside to launch MGA Kitsune in Q2 2018
Brightside’s managing general agent, Kitsune Associates, is set to launch during Q2 next year.
XL Catlin's Tania Bensoussan-Arthur on creative underwriting for fine art
The world of fine art and specie underwriting needs to be as creative as the artworks it insures, explainsTania Bensoussan-Arthur, manager of XL Catlin's Specialty business in France.
Admiral receives government grant to expand business
Admiral received £668,500 from the Welsh government in order to create close to 200 jobs in Cardiff.
Hiscox appoints ex-GCHQ spy chief
Hiscox has appointed ex-GCHQ director Robert Hannigan as special advisor on cyber security to provide the business with intelligence on cyber risks and products.
Aviva’s David Coulthard ad banned by watchdog
An Aviva advert starring ex-Formula 1 racing driving David Coulthard as a taxi driver has been banned for encouraging reckless driving.
Analysis: Intellectual property: Creative cover
The significance of intellectual property risks has not translated into a large demand for IP insurance policies - yet
Blog: Why incumbent insurers must buy out insurtech start-ups
Instead of just driving efficiencies, some start-ups now have the ambition to become full-stack insurers, warns Paul Cuatrecasas, CEO of investment bank Aquaa Partners, urging incumbents to buy out these potential competitors.
XL Group chooses Dublin as its post-Brexit location
XL Catlin has chosen Dublin as its post-Brexit location for its principal European Union insurance company, XL Insurance Company SE.
Offshore energy insurance market is ‘sinking’, warns IUMI
The offshore energy insurance market is “sinking”, the chairman of IUMI's Offshore Energy Committee has warned.
UK businesses call for three-year Brexit transitional deal
Insurers have joined more than 100 businesses in signing a letter to the Brexit negotiators asking for a transition period of up to three years.
The ABI's James Dalton on why the discount rate is not a job done yet
Insurers scored a victory on the discount rate but still have work to do, says James Dalton, director for general insurance policy at the Association of British Insurers.
Legal Update: Child abuse claims expected to rise in Scotland
The limitation for childhood abuse will be lifted next month in Scotland, writes Graeme Watson, partner at Clyde & Co, urging insurers to brace for a surge of claims.
Nicky Morgan urges Chancellor to make a decision on long-standing insurance contracts before Brexit
Chair of the Treasury Committee, Nicky Morgan MP, has written to Chancellor Philip Hammond on the issue of how cross-border insurance contracts will be managed after Brexit.