Insurer
Majority of brokers say GDPR will have negative impact
Research by Ecclesiastical also shows lack of knowledge in the broker sector about the incoming legislation.
Saga picks Patrick O’Sullivan as chairman
Andrew Goodsell to step down and retire.
ICO court case against Hiscox collapses
Insurer had been accused of breaching the Data Protection Act 1998 and could have faced an unlimited fine.
Lloyd’s and Kanye West settle £7.4m suit - reports
West originally launched the legal action in August 2017 after, he said, Lloyd’s syndicates failed to pay out for cancelled gigs on his Saint Pablo tour.
European Council approves IDD delays
EU ambassadors confirmed that the council has agreed to delay transposition of the Insurance Distribution Directive.
Allianz moves in further on Euler Hermes
Latest investment takes Allianz's outlay up to €1.5bn.
BBC’s terrorism insurance spend nudges up in 2017
The insurance industry has also grown its focus on terrorism insurance products following recent attacks.
The Blog Spot: Clickbait! From temp to perm
Emmanuel Kenning looks at innovation in the insurance market.
Nexus Group buys MGA Apsley Specialty
Nexus says deal expands its directors and officers and financial institutions offering which it wants to grow to £35m of GWP by 2020.
Liberty to launch trade credit e-trade platform
Toredo is targeted at brokers who do trade credit for banks, corporates and commodity traders.
Biba repeats call for separate FSCS levy pot for brokers
The ABI has also responded to the FCA's consultation on the levy, arguing that insurers should not have to pay for "adviser failures".
Podcast: The top 5 stories of the week
Emmanuel Kenning and Siân Barton discuss the key points from the week's news.
Former Axa director Matthew Reed launches healthcare MGA
Equipsme to sell SME product through general insurance brokers targeting 30,000 firms in two years.
AIG posts $6.7bn loss for final quarter of 2017
COR for the full year comes in at 117.3%.
Quizzical questions: 9 February 2018
Test your knowledge of the week's news with our topical quiz.
Ogden drives Zurich to UK general insurance loss in 2017
COR soars to 110.9%.
Allianz looks at buying XL Group - report
Insurer wants to grow its US property & casualty business, according to Bloomberg.
Beazley profits dip due to catastrophe claims
Lloyd's provider "more focused on the UK" as it looks to grow its presence in Birmingham.
ABI develops non-EU insurer trade framework
The framework is for future trade agreements with non-EU countries and puts insurance “at the forefront of helping secure Britain’s prosperity after Brexit”.
Markel reports falling profit and rising revenue for 2017
Provider’s COR worsens to 105%.
Jackson Lee claims a market first for its hybrid and electric vehicle GAP cover
MGA highlights battery cover in new offering.
Ghost broking costs revealed in new police campaign
Over 850 reports of ghost broking made to Action Fraud in the last three years.
Insurance Cares: Citizens Advice slams dual pricing
The charity said that a CMA investigation should take place to prevent loyal vulnerable customers being charged more.
Treasury delays IDD transposition into national law
Move follows the European Commission’s proposal to push back the application date to 1 October 2018.