Insurer
Insurance M&A transactions totaled £4.5bn during first half of 2018
The UK’s financial industry completed 83 M&A deals during the first half of this year, with insurance M&A totaling at £4.5bn.
Robots will control claims future: PWC
Future insurance claims will be settled with little to no human involvement and insurers will have to adapt to the impact of technology if they are to survive, a report from PWC has found.
Fifty firms band together on new inclusivity pledge
Lloyd’s and Zurich have founded the Inclusive Behaviours Pledge, which has been signed by 50 firms so far.
Interview: Bronek Masojada, Hiscox
Holidaying in North Korea isn’t most people’s idea of the dream summer break, but the kite surfing, Caterham racing CEO of Hiscox, Bronek Masojada, sees it as just another part of living life in the fast lane, as he explains to Ryan Hewlett
Insurers increase cyber security spend
Insurance firms invested 85% more in cyber security during 2017-18 than during the previous financial year.
ABI calls for tougher building regulations in wake of Grenfell tragedy
The Association of British Insurers has reiterated its call on a ban of flammable cladding on high rise buildings and called on building regulators and legislators to learn from the past and mandate sprinkler systems in new build tower blocks.
Bought by Many gains £15m in series B funding
Bought by Many has closed a £15m series B funding round led by Commerz Ventures and Marsh, alongside existing investors.
Zurich gets HNW boost with completion of Oak purchase
Zurich has completed its acquisition of Oak Underwriting from RSA.
Blog: What legacy will Lloyd's CEO Inga Beale leave behind when she departs in 2019?
Jonathan Swift looks back on how Inga Beale's time as Lloyd's CEO Inga Beale might be remembered using a jukebox stacked with her own Desert Island Disc selection
Neon launches Copenhagen-based marine business
Neon has launched Orca Insurance Agency, a Lloyd’s approved coverholder which will underwrite Nordic marine business on behalf of Neon Syndicate 2468.
Darag names Booth as Group CEO
Legacy book acquirer Darag has named Tom Booth as Group CEO, effective 23 July 2018.
Analysis: Lloyd's of London going electronic
The challenges of bringing Lloyd’s trading into the 21st century
Blog: Why partnering is the only show in town for insurtechs
For most insurtechs the question no longer seems to be whether to partner up with an incumbent, but what the nature of the partnership should be. Marketing Eye CEO Neil Edwards explains what could be learnt from fintechs such as Revolut, Monzo and…
Industry welcomes progress as whiplash laws pass through Lords
Laws to curb whiplash claims have passed through the House of Lords, the first step toward ending what the industry describes as Britain's 'compensation culture'.
This Week in Post: cars and courts
As Britain is basking in glorious summer, the sun is also shining on the motor insurance market.
AIG cyber specialists handle 'one cyber attack per day'
AIG has reported that its cyber specialist team is handling at least one cyber attack every day, and has seen as many claims notifications in 2017 as in the previous four years combined.
Flood Re to reduce premiums from beginning of 2019
Flood Re has said that it will be reducing premiums that it charges to insurers from the beginning of 2019.
UK General weighs up direct options and targets 20% of income
Exclusive: UK General is close to launching its first personal lines product on a software house and is exploring its options for direct distribution.
Rising star: Rob Pendray, Buzzvault
Having had an integral role on Buzzmove’s insurance app, product manager Rob Pendray is now setting his sights on more opportunities for innovation
Insurers falling short of expectations with digital services
Insurance companies are failing to meet their customers’ expectations when it comes to digital interactions, according to a recent report.
Heather Smith to replace Fernandes as MD of LV Direct
LV has promoted Heather Smith to managing director of its direct business following Selwyn Fernandes’ decision to leave the company after 12 years.
Chubb files UK lawsuit against Harvey Weinstein
Chubb has filed a further lawsuit against disgraced movie mogul Harvey Weinstein, arguing that it should not have to pay out for his public liability cover as his insurance policies are void.
Motor market back in the money with best results for over 20 years
The motor insurance market has reported its best underwriting result in over 20 years, according to EY.
Motor premiums in reverse as prices drop 5.5% in year
Car insurance premiums have dropped off 5.5% in the past 12 months.