Insurer News – Page 153
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IUA publishes Brexit continuity clause
The clause aims at helping companies manage insurance contracts as the UK leaves the EU
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Speeding convictions can add over £100 to premiums
Consumer Intelligence shows that being caught speeding can drastically increase annual premiums
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KPMG fined £3.2m for Quindell audit
KPMG fined £3.2m for its failings during the audit of Quindell
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XL Catlin launches terror cover for fleets
XL Catlin launches cover for vehicle fleets which could be used in a terror attack
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Rise in telematics complaints down to ‘sub-standard’ market entrants – Mike Brockman
Telematics has suffered from a rise in complaints to the Financial Ombudsman Service (FOS) over fairness
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Catastrophes make 2017 the costliest year for global specialty insurance
ROC and major claims take a hit as catastrophes make 2017 the costliest year for specialty insurance
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Unrated Alpha demise spells opportunity for tech-driven rideshare MGA
Unrated Alpha’s failure left commercial drivers in limbo. INSHUR is betting it can woo UK drivers with a slick app and customer know-how.
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QBE’s Belgian subsidiary granted regulatory approval
QBE Europe will begin underwriting business from Q4 2018
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LV= Broker starts Allianz transition with three senior appointments
LV= Broker appoints three new senior members, including Allianz’s personal lines motor manager
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Lemonade seeking to scrap traditional insurance policies
US insurtech darling Lemonade is looking to build a ‘Policy 2.0’, and is seeking outsider help to do it
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XL Catlin launches two products and extends global M&A insurance capacity
In a busy week for the global insurer, XL Catlin announces two new products and an increase in its M&A insurance capacity
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Biba and CFC launch cyber insurance guide
The cyber insurance guide, launched at the Biba Conference 2018, is aimed at helping brokers understand and mitigate cyber risks
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Unrated insurer Alpha collapse puts 'thousands' of UK homeowners at risk
New build homeowners in the UK could be unaware that they are missing critical structural defects insurance after Alpha’s collapse
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AXA deal integration leads to departures at XL
Group also outlines plans to heighten focus on data and analytics in SEC filing, as reported by sister title Global Reinsurance
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Geo to launch water detection rival to Homeserve's Leakbot
Geo to launch Waterlock, a connected water damage prevention system, at Biba 2018
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Fraudster jailed after false motor claim against passenger friend
Fraudster jailed for six months as ERS investigation reveals he lied about not driving vehicle at the time of crash
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Tokio Marine gets approval for Luxembourg company
Regulators grant Tokio Marine approval for its post-Brexit base in Luxembourg
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Former Zurich UKGI boss leaves the insurer
The former UKGI boss has left Zurich after almost 10 years