Insurer
Editor’s letter: June 2016
“There were those who believed a Brexit would be very bad news for the industry and those who felt that actually the market had succeeded before the EU and would continue to do so outside of it”
Gable rules out £10m Hogarth guarantee
Hogarth Underwriting Agencies will not provide the £10m regulatory capital for Gable as the CEO has advised it is “inappropriate”.
All Clear adds bereavement support to travel cover
Travel insurer adds support for serious illness and bereavement to its policies which are available via brokers.
ITH launches terrorism travel cover
Brokers can access International Travel and Healthcare’s product through its back office platform.
The ongoing problem of underinsurance
Experts reveal hope that the Insurance Act will help solve the industry-wide underinsurance issue
Man sentenced in £100,000 Mr Whippy van insurance fraud case
Police still trying to identify others behind the scam.
“Business as usual for brokers” as Amanda Blanc looks to new role
Amanda Blanc says brokers will not see a change from Axa as she prepares for new UK & Ireland CEO role.
Quizzical questions: 27 May 2016
Test your knowledge of the week’s news with our topical quiz.
Government accepts Insurance Fraud Taskforce measures
Government calls for urgency in implementing fraud prevention measures.
Amanda Blanc becomes chief executive of Axa UK & Ireland
Paul Evans moves to Axa Group Management Committee with responsibility for the group’s life, savings and health business.
Business as usual for Gable, says CEO Dewsall
Dewsall says insurer aims to offer Solvency II compliant lines and A-rated paper by Q3.
Using unrated insurers perilous, say brokers
Market reacts to Gable's declaration that it's pondering a sale.
Complaints up at Financial Ombudsman Service for 2015/16
FOS reveals level of complaints upheld in different insurance business lines.
Profile: In the headlines
Newly promoted general manager of commercial and personal lines at Allianz UK Simon McGinn explains what the insurer’s new structure means for brokers
Gable ponders sale and admits Solvency II compliance "is not possible"
Liechtenstein-based unrated insurer says anticipated losses for 2015 could be up to £14m.
Epsom ghostbroker sentenced for £89,000 fraud
Renan Gomes admitted to setting up over 100 fraudulent car insurance policies.
In or out? Time to decide over EU vote
With the referendum over the UK’s future in the EU looming, Insurance Age gauges how the European insurance community views the vote
InsurTech Futures: AIG launches crowdfunding product
Product created for crowdfunding investment industry to protect against fraud.
Motor insurance premiums rose to £13.9bn in 2015
Industry net combined ratio increased to 102%.
Cyber attack database needed, says ABI
Director general calls for reporting of cyber attacks to be “mandatory” in order to build up data.
The stats: June 2016
The world of commercial insurance remains a dark place, despite the promise of sunshine and warm summer nights. The latest Acturis Premium Index showed an overall flat market, with experts stating they do not expect any change in the near future
Jason Anthony sets up MGA
Former OIM underwriting MD has launched MGAM which is set to focus on SME business and is targeting £20m GWP.
Quizzical questions: 20 May 2016
Test your knowledge of the week’s news with our topical news quiz.
Risk Solved reveals growth plans after new funding
Software specialist to recruit staff and moves to new offices.