Insurer
Analysis: After Autofocus: Where next for the credit hire industry?
Last month, seven former employees of Autofocus were collectively given prison sentences of more than five years after being found guilty of doctoring hire rate evidence to defend insurers in court against credit hire companies in thousands of cases.
Compre launches Maltese insurance company
Compre is to establish an insurance company in the Republic of Malta.
Markerstudy injects capital to fix £109m solvency deficit
Markerstudy was forced to inject fresh cash into the business after falling short of its solvency requirement by £109m.
Analysis: The truth behind the broken system of dual pricing
The industry has faced sustained attacks in recent months for its ‘shameful’ practice of raising rates for loyal customers, with one newspaper calling for the government to ‘punish the insurance pirates’.
AA left embarassed by self-inflicted DDoS attack
Motor insurer AA crashed its own servers after mistakenly sending a 'password update' email to customers.
This Week in Post: Outdated and out of there
I was recently lamenting shortage of space in my toy-cluttered flat and a (childless) colleague mentioned the baby cages Victorian households used to hang out of their windows. “There were mercifully few deaths,” he joked, as I gazed at an online image…
R&Q sells Norwegian Triton to Gabler
R&Q has sold its Norwegian service company R&Q Triton AS to Gabler AS.
Apple to help businesses get discounts on cyber policies
Apple is working with tech company Cisco Systems in order to help businesses to get discounts on their cyber security insurance policies, Reuters has reported.
Report: Zhong An files for IPO in Hong Kong
Chinese internet only insurer Zhong An has filed for an IPO in Hong Kong according to reports.
Blog: Growing timber insurance, the essentials
Growing timber insurance is a niche market that requires expertise, be it for underwriting or assessing storm damages. Frank McGaffney, loss adjuster at Agrical, explains.
AIG plans acquisitions under incoming CEO
AIG is planning to slow the pace of share buybacks and instead spend on acquisitions, CEO Brian Duperreault has said.
Exin buys 75% stake in Ethniki as it looks to drive 'renaissance for the industry'
Exin Financial Services has purchased a 75% stake in insurer Ethniki Hellenic General Insurance from National Bank of Greece for €718m (£631.8m).
Darag names Stuart Davies chairman
European run-off insurance company Darag has named Stuart Davies as chairman of the group.
European broker merges with tech firm to create Digital Insurance Group
European digital insurance broker Knip has merged with technology solutions provider Komparu to create Digital Insurance Group.
Insurers fear revenue is at risk to disruptors entering the market
Insurers are worried that their revenue is at risk from insurtech, with over one in eight insurers fearing that they could lose revenue to disruptors entering the market.
International: Marine losses
Major marine losses are flowing again as ever larger, more sophisticated ships take to the seas.
Allianz's global commercial arm opens Seoul office
Allianz Global Corporate and Specialty, the international business division of the Munich-headquartered insurer, has opened an office in Seoul.
Zurich enters global car rental market following acquisition of Halo
Zurich has acquired Halo allowing it to enter the global car rental market.
MS Amlin's European business heads to Belgium due to Brexit
MS Amlin is to re-domicile its European business, Amlin Insurance Societas Europaea to Belgium in response to Brexit.
Government looking to drop 'outdated' discount rate formula
The government is looking to move away from the “outdated” Ogden discount rate mechanism, the City Minister has said.
Businesses to face bigger costs for ransomware attacks
Businesses are being warned that they could face greater financial fall-out if they become victim to a cyber or ransomware attacks, following the Petya attack on Tuesday.
Interview: Matthew Crummack, Go Compare
When Matthew Crummack took the driving seat at Go Compare a year ago this month, the business was in the midst of a demerger from parent Esure. The CEO of the price comparison site sat down with Ryan Hewlett to discuss his first year in the job, taking…
IAG lifts full year guidance on higher reserve releases
After a tough year of natural catastrophes Sydney-headquartered insurer IAG has raised its margin guidance range for the full financial year after announcing higher than expected reserve releases.
Group risk: A group safety net
With state benefits set at low levels, the safety net of group risk cover has never been more valuable. But although sales are creeping up, providers and advisers believe there is much more that could be done to grow the market