The product will be sold by brokers and is aimed at supporting SMEs following a cyber event.
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Catlin is working with deputy CEO Paul Brand and the business starts with $1.8bn of capital with the firm looking to underwrite insurance and reinsurance for complex speciality risks for a range of commercial lines in Bermuda and London.
The possible redundancies come amid a restructure and business “simplification” and follow 106 roles being placed at risk last month.
Survey by ABI reveals average motor insurance premiums dropped for the fourth quarter in a row.
Sky News says Allianz is frontrunner in race to buy the business after L&G put it up for sale late last year.
The Danish regulator has told Gefion to restate its 2017 results and half-year report for 2018 but Gefion insists the business is healthy.
Consumer organisation asked car and home insurance customers to rate their claims experience, with The AA scoring lowest in the car sector and RSA being rated worst in home.
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The provider has increased limits to $150m (£116m) and made the product more flexible.
The Smart Home offering for emerging wealth clients has been designed to help brokers compete with direct writers.
A survey by Go Compare show half of the drivers surveyed felt it should be illegal for insurers to reserve best prices for new customers.
Brokers were unconcerned about the UK CEO of Insurance leaving the provider and have faith in group CEO Maurice Tulloch but more management "shuffling" is expected.
Provider says results were impacted by soft market conditions in personal lines, along with adverse weather, claims inflation and uncertainty around Brexit.
The incubator was launched in 2017 by Vibe UK Holdings.
Engineering specialist says four products will initially be available for brokers to quote and bind, as it plans to add more in the future.
Some alternative cover for Qudos’ motor, motor add-on and pet insurance policyholders is being offered through two unrated insurers.
Briggs steps down as CEO UK Insurance following Maurice Tulloch’s appointment as group CEO as Aviva announces further management changes “to bring greater energy and pace” and a review of UK business.
New UK and International CEO reiterates commitment to the broker channel after brokers say provider is difficult to trade with.
Attacks increase on businesses with SMEs a target but more firms are now willing to consider cyber cover.
CEO Steve White hopes for a domino effect as networks, including Una Alliance, consider adopting the template.
Regulator says total amount of complaints about financial services reached 3.91m, with PPI making up 40%.
The regulator’s Business Plan revealed a focus on “fair treatment for existing customers” amid dual pricing investigation and warned orderly transition post-Brexit is an “immediate priority”.