Latest News – Page 479
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NewsBanks take control to relieve financial problems at major insurer software provider
The new structure takes the firm out of private equity ownership
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NewsLV= GI looks for more partnerships as PL broker business grows by a fifth
LV= GI chief executive Steve Treloar praises “strong performance” in a transitional year, while teasing further investment moving forward
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NewsFormer Ageas CEO and AXA veteran joins Ecclesiastical
Francois-Xavier Boisseau, former insurance CEO of Ageas UK joins Ecclesiastical as a non executive director
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NewsGallagher vs Ardonagh: Chilton arranged retention payments to fend off 'silly money' of 'juggernaut' Ardonagh, court hears
Grahame Chilton attended court yesterday afternoon speaking about Ardonagh’s pursuit of members of the Gallagher team
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Online only'High leverage' Hyperion debt passes through £1bn barrier
Hyperion’s debt has passed through the £1bn barrier, with Moody’s listing a number of issues the insurance group faces. Hyperion’s growing debt is now £1.142bn, as the latest tranche of debt, a £100m loan, was added. Moody’s estimates the debt to earnings ratio is around 6.6x. Moody’s highlighted ”its ...
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Online onlyGuidewire's Cyence sees opportunity as cyber insurance market hits $5bn
Guidewire estimates the fast-growing cyber insurance market is now worth $5bn. In the last year, the cyber market has grown around 25% - and Guidewire Cyence chief technology office George Ng predicts further growth. Guidewire is in a strong position to give a market overview of cyber as its data-rich ...
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NewsLV= to vote on changed company status as pre-tax profit falls by 84%
LV= says it will also complete the transaction of personal lines business from Allianz in May
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NewsAston Lark reveals plans after completing latest acquisition
It follows the broker originally announcing this acquisition in March last year
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NewsCII launches new riot claims guide
The report has been published to make the application of the Riot Compensation Act (RCA) 2016 as clear as possible for those handling claims
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AgendaFCA steps up oversight of CMCs
CMCs will be regulated by the FCA from the start of next month
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NewsFraudulent claims increase by 27% in 2018
According to Cifas, household and motor claims saw the largest increases
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Online onlyNatWest launches new tech to help brokers with client money
Bank expects new tech to roll out in October
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FeaturesCould a bad Brexit spike business claims?
The ABI warned that failure to agree a deal would only add further uncertainty to both the insurance industry and its customers
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NewsSedgwick sees increased cyber activity as it announces fraud savings
Sedgwick saved a total of £47m when dealing with its clients’ claims last year
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NewsGovernment report raises questions of compulsory insurance for electric vehicles
It has been welcomed by the industry
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AgendaGovernment funds AI project to detect insurance fraud
The government is working with tech firms to develop the technology
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NewsMunich Re’s Digital Partners bags Acturis division as technology provider
The news follows Astorg acquiring a minority stake of Acturis Group
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NewsiCAN announces 2019 sponsors to drive diversity and inclusion
Its steering committee includes Zurich’s Maxine Goddard as external relations and partnerships leader and Heather Armond at Allianz Global Corporate and Specialty as its communications lead
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NewsTrailblazer RSA tackles dual pricing with cashback rewards
RSA will be the first insurer to offer a cashback scheme for loyal customers at renewal
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Ask the ExpertBrexit and advancing technology inflating claims cost already
Allianz head of claims Graham Gibson also says smaller repair shops may have to succumb to consolidation to survive
