Articles by Martin Croucher
Lloyds Bank insurance boss Bill Cooper leaves role
The head of insurance at Lloyds Bank, Bill Cooper, has left the business.
Chubb and Lockton fined over provision of ‘murder insurance’
Chubb and Lockton have both been fined by a US insurance watchdog for providing what campaigners have described as “murder insurance” for rifle owners.
Zurich ex-UKGI boss Conor Brennan becomes CEO of Irish broker
Exclusive: Zurich’s UK general insurance boss Conor Brennan has left the business.
IFB issues caveat on insurance fraud figures
Crime numbers that show a decline in insurance fraud are not likely to be representative, the Insurance Fraud Bureau has warned.
Analysis: How the industry was shamed by the gender pay gap
It was never going to go well. Even a year ahead of the results, industry figures were predicting that the industry would shame itself when the gender pay gap numbers were published.
Markerstudy capacity owner QIC sees profit fall
Markerstudy capacity owner, Qatar Insurance Company, has reported a 24% fall in profits.
Sedgwick UK shakes up leadership team after Cunningham Lindsey merger
Stewart Steel has been named CEO of Sedgwick UK, which will be formed from a merger of Cunningham Lindsey and Vericlaim.
Motor premiums have already started to fall: Fitch
Insurers have already started to reduce motor premiums ahead of the government’s proposed whiplash and discount rate reforms.
Cunningham Lindsey to be rebranded Sedgwick following acquisition
Cunningham Lindsey will be subsumed under the Sedgwick brand following the acquisition of the adjuster last year.
Eos launches $100m insurtech fund
A major insurtech investment fund will raise a $100m (£70m) fund to target insurance tech start-ups.
FCA vows to bring dual pricing under the spotlight
The financial watchdog has vowed to tackle the problem of dual pricing in the coming year.
Broker Network buys Weald Insurance
Broker Network has continued its acquisition spree by snapping up Surrey-based broker Weald Insurance.
Month in Post: He’s back and will bite at your ankles
There is always something troubling about a disembodied head. More so, when it is Arnie’s head and it is shouting at people at the bus stop.
Minor discount rate revision could lead to £44m bounce for LV
LV could make a profit of £44m if the discount rate was revised even fractionally, the company said.
LV to remain ‘vigilant’ on home business ahead of Allianz deal
LV will take a cautious approach to the home market following the acquisition of Allianz’s personal lines portfolio.
LV GI sees huge profit rise from underwriting discipline
LV’s general insurance business saw a pre-tax profit of £164m in 2017, up from a loss of £30m the previous year.
Aviva's Phil Bayles reveals plans for UK GI growth
Aviva started the year in its healthiest shape in recent memory, shaking off the impact of the Ogden rate reform to return to profit.
Grenfell insurer almost doubles premium following ‘unprecedented loss'
A Spanish insurer that covers leaseholder building insurance for the Royal Borough of Kensington and Chelsea will raise premiums by 86% as a result of the Grenfell fire.
RSA’s Hester takes home £5m package
RSA CEO Stephen Hester took home a £5m package from the business last year, despite the firm suffering losses last year in the UK.
Gable had 60,000 UK policyholders when it collapsed
More than 60,000 UK policyholders had business with Gable at the time of its collapse, and the UK guarantee scheme has to date paid almost £27m in compensation.
Business interruption to fall under terrorism cover
Businesses disrupted by terrorist attacks will soon be able to claim under their insurance policy.
Sabre delivers COR of 68.5% following IPO
Sabre made an underwriting profit of £59m in 2017, with a combined ratio of 68.5%.
Biba signs deal to gain post-Brexit EU access
UK brokers will be granted an introduction to European brokers in order to continue to write business across the Channel, under a deal announced by the British Insurance Brokers’ Association.
Lloyd’s struck by £2bn loss from nat cats
Lloyd’s of London has been hit by a £2bn loss owing to an “exceptionally difficult year” of natural catastrophes.