Articles by Jen Frost
Lamp customers see first FSCS pay outs
The Financial Services Compensation Scheme has today made its first payments to policyholders affected by the collapse of Lamp Insurance.
CRL identifes potential alternative insurer to take on Alpha policyholders after missed deadline
BCR Legal Group appointed representative CRL failed to find an insurer to take on its Alpha policies by the May deadline set by the Financial Services Compensation Scheme, but it has been given more time as the firm has a replacement in its sights.
Hiscox CUO Richard Watson to retire
Hiscox chief underwriting officer Richard Watson will retire from the role at the end of the year.
Insurers and lawyers ‘open’ to ABI-backed review on limitation law for child sexual abuse claims
Exclusive: Insurers and insurance lawyers have reacted positively to the Association of British Insurers’ calls for a review into limitation law in child sexual abuse claims cases.
ABI backs review on child sexual abuse claims limitation law
Exclusive: The Association of British Insurers believes that there is a need to review limitation law surrounding cases of child sexual abuse and has pledged to engage with the Independent Inquiry into Child Sexual Abuse, survivors and lawyers.
Deliveroo partner Qover in expansion bid following €8m raise
Belgian insurtech Qover has raised €8m in its latest funding round and will look to continued growth in Europe.
Roundtable: Digital Transformation – to what extent has hype turned into action?
While the topic of digital transformation has been around for the past decade, consultancies continue to warn that further transformation is required. Post, in association with Marklogic, held a roundtable with senior figures from the insurance industry,…
Price Forbes launches security risks practice
The Ardonagh Group’s Price Forbes has launched a security risks practice, as JLT staff move to the broker.
FCA warns of unauthorised motor broker
An unauthorised car insurance broker has been targeting customers in the UK, the regulator has warned.
Seventeen Group buys Essex broker
Seventeen Group has bought Essex-based broker Graybrook, for an undisclosed sum.
Fidelis investor takes majority stake in April
Private equity investor Andromeda has gained regulatory approval to take a majority stake in French health insurer April, which saw its UK arm pull out from the private medical market last year.
Insurtech Trov to close its UK app
Exclusive: Trov will no longer provide its on demand gadget and single item insurance to UK customers, as of 1 October 2019.
GRP broker acquires Thomas Cook
GRP-owned broker Sagars has bought Lancashire-based engineering and entertainment broker Thomas Cook & Son.
Elite shoots for solvent scheme to avoid liquidation
Elite Insurance has proposed a solvent scheme of arrangement, in order to avoid a liquidator being appointed.
Guy Carpenter suspends senior boss following harassment claims
Exclusive: A senior boss at Marsh sister company Guy Carpenter has been suspended over “rude and offensive” comments about a female member of staff.
Lemonade launches in Germany
New York-based insurtech Lemonade has launched in Germany.
Stubben Edge looks to growth after £1.2m investment led by Saracens chairman
Exclusive: Tech firm and managing general agent Stubben Edge is seeking growth after a £1.2m raise led by Saracens chairman Nigel Wray and analyst Eamonn Flanagan.
Lemonade begins hiring for potential Europe expansion
Exclusive: US-based insurtech Lemonade is looking to hire staff in a Europe office in Amsterdam, marking a potential international expansion for the firm.
FCA issues warning over clone broker
A clone broker is operating under the name Wentworth Insurance Brokers, the Financial Conduct Authority has warned.
Claims manager appointed to handle Lamp Insurance claims
Quest Group has been appointed to manage claims for policyholders of failed Lamp Insurance.
Two out of five brokers have never sold a cyber policy
Two out of five brokers have never sold a cyber policy, owing to both a lack of confidence and customer reluctance, research found.
Revealed: Unrated Gefion claws back solvency ratio after year of losses
Exclusive: Danish unrated insurer Gefion took out a further chunk of reinsurance and injected capital, after its solvency ratio plummeted to 72% in 2018.
Aviva to cut 1800 jobs as it splits general insurance and life
Aviva will split its life and general insurance business in the UK, cutting 1800 jobs over the next three years.
Analysis: RSA UK&I - getting back on track?
Following two consecutive years of poor underwriting results in the UK, RSA has taken decisive action to restructure its business and shrink premiums