Insurer
CII sees profit dip due to change programme
The Chartered Insurance Institute has seen a 12% dip in pre-tax profits from the previous year.
GDPR consultation fails to address 'key concerns' of industry
The insurance industry has critcised the government statement of intent on the new data protection bill saying it fails to address concerns on processing sensitive data without obtaining explicit consent.
Businesses could face £17m fine for lack of cyber protection
Businesses that fail to protect their services from cyber attacks could face fines of up to £17 million, the Department for Digital, Culture, Media and Sport has warned.
CII could raise £19m from sale of Insurance Hall
The Chartered Insurance Institute could potentially raise £19m from the sale of its historic Aldermanbury building.
Towergate's Jon Cawley to replace Matthew Scott as NFU Mutual claims head
Exclusive: Towergate Underwriting head of claims Jon Cawley is to take over Matthew Scott as NFU Mutual’s head of claims.
Flood-hit business owner sentenced for fraud
A flood-hit shop owner has been ordered to pay compensation after attempting to falsely claim £107,000 from her insurer.
Analysis: The age of consent
Insurers will need to get the consent from their policyholders to collect their personal data, under regulation coming into force next year
BILA's Melissa Collett on five ways insurers can increase consumer trust
Melissa Collett, director at Fairer Finance and committee member of the British Insurance Law Association, describes five ways insurers can increase consumer trust.
Commercial insurers' claims handling failing SMEs
Commercial insurers are failing to give their SME customers a satisfactory claims experience, with 70% saying that their interim and financial claims amounts had not been agreed promptly enough.
IPT petition shelved due to concerns over ‘longevity’ of government
An industry-led petition against Insurance Premium Tax increases has been postponed due to concerns over the “longevity” of the government.
Ecclesiastical denies finding of church abuse inquiry
Ecclesiastical has hit out against accusations it advised the Church of England to sever ties with abuse victims.
Chubb's Sara Mitchell: Stuck in the mid-market?
The middle market is the engine room of the UK economy, says Sara Mitchell, head of corporate division, UK & Ireland, Chubb, urging insurers to work closely with brokers to support this sector.
Berkshire Hathaway's underwriting losses continued in Q2
(Re)insurance giant Berkshire Hathaway swung from a $337m (£258m) underwriting profit in the second quarter of 2016 to a $22m loss in Q2 2017.
Uncertainty hampering M&A activity, says Clyde and Co
Corporate uncertainty around Brexit and tighter Chinese monetary controls has been hampering M&A activity in global insurance this year according to international legal firm Clyde and Co.
Allianz and LV to remain competitors until first half of joint venture deal is completed
Following the announcement that Allianz will buy 49% of LV’s general insurance commercial business, both parties have said that they will remain competitors until phase one of deal is completed at the end of 2017.
MoJ declines to give date for release of Ogden consultation feedback
The Ministry of Justice cannot give a date for the release of the discount rate consultation feedback.
'Broad organic growth' behind Aviva success as investment in tech curbs expenses, says Holmes
Maintaining “ broad organic growth” has been a key driver of success behind Aviva’s half-year results, said Aviva UK’s CEO Colm Holmes.
This Month in Post: AIG's UK CEO, BIA photos, terror car hire and tower fire
A look at this week's insurance news and this month's Post issue.
Allianz UK sees drop in profits as COR improves marginally
Allianz UK saw its combined operating ratio marginally improve in H1 2017 despite deteriorating operating profits.
Allianz LV deal precursor to more European activity in UK market, brokers say
Allianz’s purchase of 49% of LV’s GI unit could be a precursor to further UK market activity from European insurers, brokers said.
Allianz to buy 49% of LV GI for £500m
Allianz will buy 49% of LV’s general insurance business as part of a long-term partnership which will see the creation of the UK's third largest personal lines insurer.
Brit's profits fall in first half
UK-based Brit Insurance's investment returns have hit profits in the first half of the year.
More innovation to come from Axa as it looks towards driverless cars
Axa has said it will be looking to increase its involvement with insurtech and ‘lead the way’ on driverless cars, following recent insurtech partnerships.
Ogden change sees Esure's reinsurance costs rise by a third
The change to the Ogden discount rate added a third to the cost of Esure’s reinsurance, company results have revealed.