Articles by Jen Frost
Revenue up at Aon as net income dips
Aon saw revenue increase by 8% in 2018, while its net income dropped by 7%.
Gallagher sets sights on further ‘tuck-in’ acquisitions as growth continues
Gallagher saw total revenue growth of 10.8% in 2018 across brokerage and risk management, with 5.8% of this coming from organic growth.
CII reports ethnicity pay gap
The Chartered Insurance Institute has revealed that its mean ethnicity pay gap is 1%, while its median ethnicity pay gap is -16%.
Scor shareholder hits out as the reinsurer brings legal action against Covéa
Scor shareholder and activist investor CIAM has hit out at the reinsurer, following its issuing of legal proceedings against Covéa, its former director and Barclays and Rothschild.
Arron Banks' Eldon and Leave.EU fined £120,000 by ICO over data misuse
The Information Commissioner’s Office has fined Arron Banks’ Eldon Insurance £60,000 and political campaign group Leave.EU a total of £60,000.
Marsh sees revenue grow 4% in 2018
Marsh parent Marsh & McLennan saw underlying revenue grow 5% in its 2017/18 year.
Broking boss vows to stand as UKIP MP
Eddie McNally has been in insurance for over 40 years, but now the Lincolnshire-based broker has set his sights on a career in politics.
Extra FSCS bill the ‘last thing that brokers need’: Biba
The British Insurance Brokers’ Association has hit out over an extra Financial Services Compensation Scheme bill that firms will have to pay in February.
Lockton’s Mylo attracts $28m investment
Lockton's digital broker Mylo has picked up $28m (£21.3m) of funding, in a Series A round led by Guggenheim Partners.
Analysis: Insurers under the spotlight over institutional child abuse claims
Insurers have been forced to defend how they handled non-recent child abuse claims, in the latest stage of a high profile inquiry
Industry faces £10.5m bill from FCA claims data proposals
The regulator expects its claims reporting proposals to cost the industry between £7.5m and £10.5m in one off compliance costs.
FCA takes aim at general insurance ‘poor product value’
The city watchdog has launched a consultation to address potential 'poor product value' in general insurance.
Ex-AIG CEO's underwriting platform goes live
Former AIG boss Jacqueline McNamee’s insurtech C-Quence has gone live with its underwriting platform.
Roundtable: Modernisation in the London market
Post, in association with WNS, held a roundtable with London market leaders, to discuss whether Lloyd’s modernisation is gaining momentum, and what the state of play is for the technology drive
BGL invests £3m to create 40 tech jobs
Digital broker BGL Group’s £3m investment in a Sunderland tech hub will create 40 jobs.
Jon Dye to join QBE from Allianz
Former Allianz UK head of commercial motor, Jon Dye will join QBE as its director of motor for the UK.
Esure founder was one of the top ten UK taxpayers last year
Sir Peter Wood, founder and chairman of Esure, paid £53.7m in tax last year, according to the Sunday Times’ tax list.
UK inks insurance free trade deal with Switzerland
Insurance sectors in the UK and Switzerland will continue trading freely with one another after Brexit, following a trade agreement signed at the World Economic Forum in Davos yesterday.
Ageas to outsource IT operations amid wider restructure
Ageas UK intends to outsource the majority of its IT infrastructure and operations to a third party supplier.
Axa Partners launches travel insurance on Wechat
Axa Partners has launched its end-to-end travel insurance service on Chinese mobile communication platform Wechat, which has over one billion users.
Ageas to close Port Solent and Stoke operations
Ageas intends to close its Port Solent office by June 2019 and its Stoke office by June 2020, and expects to close its sales and service operations in Eastleigh.
Ethnicity pay gap reporting to pose 'challenges' for insurers if made mandatory
Exclusive: Insurers have welcomed the Association of British Insurers’ backing of ethnicity pay gap reporting, but data collection may pose a challenge for firms if the government mandates it.
ABI backs ethnicity pay gap reporting proposals
Exclusive: The Association of British Insurers has backed proposals to introduce ethnicity pay gap reporting.
Ex-Towergate boss appointed MD of GRP’s Green Insurance
Former trading director of Towergate’s SME division, Rob Ashburn has joined GRP’s Green Insurance as managing director.