Lloyd’s of London anticipates fewer than 100 staff will be needed to operate its European post-Brexit subsidiary, chief financial officer John Parry said.
Elizabeth Truss, Secretary of State for Justice, has launched a six-week consultation on the discount rate.
The British Insurance Brokers’ Association has called on Prime Minister Theresa May to make "urgent progress" in setting up a new free trade agreement with the European Union now that Article 50 has been invoked.
The Lloyd's Franchise Board has recommended that the market chooses Brussels as the location of its post-Brexit subsidiary, Post understands.
Listening to the entirety of the Second Reading debate on the Prisons and Courts Bill last week, I was reminded once again of the pitfalls of short-sighted and ill-thought-out policy changes in the claims sector.
The International Underwriting Association has joined insurers and called for a reform of the discount rate and the way in which personal injuries are analysed and settled.
Changes to the personal injury discount rate could increase the cost of personal injury claims by as much as three times, according to Marsh.
The British Insurance Brokers’ Association will outline the benefits of its small to medium enterprise flood scheme in parliament later today.
As automated vehicles take to the roads, the government is likely to focus on one motor insurer as the first port of call for any third-party claim to simplify the claims process. However, that will not preclude other proceedings based on product…
The Financial Conduct Authority has met with the government to discuss a post-Brexit regulatory framework.
Lloyd’s of London will reveal the location of its post-Brexit base by the end of this month, Post understands.
The Ogden discount rate changed today from 2.5% to minus 0.75% following the Lord Chancellor's announcement last month.
Insurers are sleepwalking into legislation over drones that they have had no role in shaping, it has been warned.
The number of terrorist incidents on UK soil has dropped since Pool Re was set up, with Irish republican paramilitary attacks giving way to less frequent strikes by radical Islamic terrorists, however, the threat to the country remains as severe
The late Sir Michael Ogden might be chuckling somewhere at the recent discount rate events.
Direct Line Group has placed 30 claims handler jobs under review.
I am living the discount rate at the moment. I have lost count of the number of meetings I have attended, legal opinions I have read and conversations with insurance company CEOs I have had on this complex issue.
The UK's regulators need to actively promote London as a key insurance market, the chairman of the London Market Group has said.
The Vnuk ruling has raised the prospect of a much wider compulsory insurance regime being introduced in the UK, requiring vehicles such as golf buggies, quad bikes and farm vehicles to be insured, even when used exclusively on private land. The…
The UK government needs to "fight fire with fire" when it comes to keeping business within the City of London during Brexit negotiations.
The London Market Group has called for a new trade deal between the UK and the European Union that will allow insurers to operate across borders.
The government has set aside £5.9bn to “protect the NHS” from changes to the Ogden discount rate, the Chancellor confirmed today in his speech on the Spring Budget.
Chancellor Philip Hammond's Spring budget is of "little comfort" to insurers due to recent insurance premium tax hikes, trade bodies say.
Direct Line expects the "unknown impact" of the government's decision to cut the Ogden Discount rate to be felt later in the year when reinsurance costs are renegotiated.