Latest News – Page 547
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NewsInsurtech firm vows to bounce back from financial struggles
The start-up announced earlier this week that it is no longer accepting new customers
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NewsMarsh parent issues more senior notes to fund JLT deal
The acquisition of JLT is due to be completed in spring this year
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NewsAllianz announces Jon Dye’s replacement as commercial motor head
The appointment comes from within after Dye joined QBE in January
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Online onlyEXCLUSIVE: FSCS denies misleading policyholders in wake of Alpha collapse
Alpha policyholder Roger White says he was left paying thousands for additional cover as a result of the advice and is considering legal action against specialist insurance company CRL
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AgendaInsurers face rising repair costs due to new car technology
While driver assistance features are improving safety on the roads, vehicles with advanced driver assistance features cost more to repair, a problem exacerbated by a fall in the number of bodyshops
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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
