Latest News – Page 589
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NewsDispute over sale of unrated Danish insurer that pulled out of UK motor brokers
New Nordic claims it acquired unrated Qudos in a “distressed state” and is seeking up to €35m in compensation from former owners Echelon
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Online onlyHastings reveals its battle against the UK-wide ghost broking epidemic
Hastings fraud technology is busting dozens of ghost broking rings
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NewsTravel insurance suffers as medical expenses cost £3.9m per week
Insurers are paying record amounts for medical treatment, with the USA and cruises proving the most costly
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NewsHiscox partners with AI startup Eigen to slash costs
Eigen hopes it can help Hiscox ’transform’ its internal data processes using technology
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NewsAIG appoints new UK and Europe bosses in preparation for Brexit
Former Aspen Re chief executive Thomas Lillelund heads up the European arm, with Anthony Baldwin taking over UK operations
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NewsThomas Carroll appoints new managing director
Gareth Cotty has previous experience working for Marsh and RSA
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NewsZurich UK GI returns to profit as SME focus offsets weather losses
Zurich UK GI benefits from underwriting discipline and a shift in business mix
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Online onlyGuidewire helps Hastings set new record on claims settlement
Hastings investment in tech kit means its digital tools are best in class
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NewsWeather pushes L&G GI into H1 loss
Without the Beast from the East, L&G’s GI business would have posted strong profit growth
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NewsIGI turns to insurtech for new senior appointment
James Green joins IGI from Novae, an insurtech disruptor acquired by insurer Axis Capital last year for £468m
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NewsUniversity friends sentenced for ghost broking scam
The three former Westminster University students targeted minicab drivers
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NewsHastings profits soar as market share grows
Hastings credits underwriting discipline with positive first half results
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NewsThree UK insurers respond over alleged ‘climate change reporting failure’
The FCA has said it is taking ‘proactive steps’ to tackle issues over climate change disclosures in insurers annual reports
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NewsCompass partners with gig economy bike start-up Bikmo
The partnership will allow gig economy platforms to cover self-employed couriers
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NewsHorwich Farrelly opens new Northern Ireland office
Former manager Matthew Fitzpatrick returns to law firm as partner to head up new Belfast office
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NewsSaffron in £2.6m lawsuit after nondisclosure voids fire claim
A Saffron broker allegedly failed to check with a customer on their insolvency history, resulting in inaccuracies on the policy and the claim being denied
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NewsBIBA and TMK launches new drone insurance scheme
The scheme includes coverage for physical loss or damage of up to £100,000 per drone
