Market concerned that the tax will continue to rise steadily in Budgets to come.
Brokers and insurers have reacted to Chancellor George Osborne's Budget announcement of a 0.5% rise in Insurance Premium Tax (IPT) to pay for flood defences with a mixture of disappointment and relief....
Group chief underwriting officer Richard Watson says that insurer hopes to continue to grow alongside broker partners as it develops cyber and SME offering.
The Gibraltar Financial Services Commission states company is insolvent and that it intends to appoint a liquidator.
As Hiscox UK and Europe drives down COR to 79.9% for H1 2016 from 86.8% in 2015.
Keep abreast of the movers and shakers in the insurance world this week.