News
Biba warns of scammers targeting brokers
Fraudsters are claiming to sell attendee data from the Biba conference, but trade body confirms it has not had a data breach.
Hedge fund takes stake in Saga
Elliot has invested in the insurance and travel provider.
CII and the University of the West of England launch post grad qualification
Course completion will shorten the journey for the CII’s qualifications, such as ACII.
FCA warns of Moneysupermarket clone
The aggregator is the latest firm to be targeted by fraudsters.
Victor, formerly Bluefin Underwriting, appoints John Stephenson as UK boss
Current incumbent, Paul Drake, is set to retire from his role at Marsh-subsidiary, Victor Insurance UK.
Hastings expects £8.4m hit from Ogden rate change
Company says it had believed the rate would end up between 0 and 1%, as Biba states move to -0.25% is "nowhere near enough".
Documents reveal government actuary recommended a 0.25% discount rate
The Lord Chancellor and Justice Secretary, David Gauke, eventually settled on a minus 0.25% Ogden rate.
CFC develops risk management product for tech firms
The proposition includes a cyber incident response plan builder.
US-firm AssuredPartners buys Hettle Andrews
The move highlights the American company’s intention to develop its operations in the UK.
#Insagepeople 15-19 July 2019
Stay up to date with the latest people moves.
Chris Guillaume formally hands over CEO role
He stepped down as CEO earlier this year but will remain as an NED in the company.
Insurance Cares: FCA consults on travel cover for people with medical issues
Consultation includes proposals to signpost details of travel insurance firms who can cover consumers with more serious conditions.
CRL close to finding replacement for Alpha policies
Broker has had its deadline extended several times, but FSCS says "good progress" has been made in recent days.
Insurers disappointed by the new discount rate
Government has changed the rate from -0.75% to -0.25%, which is a smaller rise than what was generally expected.
Government reveals recalculated Ogden rate
The increase is not as generous as many had expected.
Lloyd’s strategy change gets market backing
The Future at Lloyd’s prospectus was launched in May and includes six “transformational” proposals.
Government urges regulators to work together to help vulnerable customers
Report slams the loyalty penalty among other issues to be tackled in the financial services, water, energy and telecoms sectors.
Quizzical questions: 12 July 2019
Test your knowledge of the week's news with our topical quiz.
FCA issues fresh clone broker warning
Fraudsters are using the details of Alternative Insurance Brokers to trick consumers.
Danish regulator orders Gefion not to expand its business volume
Premium Credit also issued Gefion with an ultimatum for cutting business ties.
Jon Dye named as ABI chair
Dye takes over from Amanda Blanc, who resigned last week.
FSCS says top 110 firms will pay a £3m levy in 2019/20
Scheme publishes forecasts for the 2019/20 levies, with over half of companies paying less than £50.
Video: A broking minute with Neil Campbell
Insurance Age meets the MD of CCRS.
Autonet to offer jobs to majority of staff as Atlanta takes over Ageas' Stoke office
Move follows Ageas' decision to close its Stoke operations and the majority of the staff currently facing redundancy will be offered employment under the Autonet brand.