News
Biba, ABI and Lloyd’s join InsurTech Board
New group, part of the Fintech Delivery Panel, will focus on needs of InsurTech startups
#insagepeople 19 - 25 February 2018
Keep up to date with all the latest people moves.
Cyber hacks reported to FCA by financial firms hit 69 in 2017
FCA figures show that cyber incidents reported by general insurance firms went up from 1 to 11 in just 12 months.
Ageas UK moves back into profit in 2017
COR improves to 103.2% while GWP falls slightly to £1.36bn.
AA targeting over two million motor and home policies in five year growth plan
Company predicts drop in Ebitda for 2019 as it commits to £45m investment plan.
Jon Dye brands 2017 as “landmark” year for Allianz in UK
Ogden change cost reaches £80m at the insurer.
Allianz UK posts improved 2017 operating profit and COR
Revenues at the insurer tick up by 2%.
Seventeen Group buys Rupert Burgoyne
Broker to keep staff and premises as it rebrands as Hallam Burgoyne.
FCA calls for views on how technology can simplify regulation
Watchdog believes accuracy of data submissions could be improved and costs reduced.
Biba reveals extra IPT spending
Trade body confirms extra £700m raised from 2016 IPT rise has boosted flood defences in Calder Valley, Leeds, York and Cumbria.
CBL Insurance Europe ordered to stop writing new business immediately
Brokers and partners told to inform policyholders.
InsurTech Futures: Zurich unveils InsurTech and innovation brand
The Innovation Foundry to focus on partnerships with InsurTech firms and assessing new ideas faster.
Clear buys Robert Alexander
Broker’s premium grows to over £100m.
Broker Expo 2018: Book your place today
Broker Expo is back and it is set to be bigger and better than ever.
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.
Arnott Marine launches marine liability facility for UK brokers
Product designed for small businesses with £200,000 or less in turnover.
Podcast: The top five stories of the week
Ida Axling and Siân Barton assess the events from the week commencing 12 February 2018.
ICO court case against Hiscox collapses
Insurer had been accused of breaching the Data Protection Act 1998 and could have faced an unlimited fine.
Quizzical questions: 16 February 2018
Test your knowledge of the week's news with our topical quiz.
PIB launches risk management business
The consolidator has merged Sigerson Associates and Ford Risk Management to create the division.
Coversure expands into Scotland with new Falkirk office
The branch is owned and run by Graham Lilley and follows openings in Leeds, Crawley and Bingley.
ProAktive bosses complete £2m MBO
Founder Jon Whiteley stays with firm but steps down from day to day management.
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.