Articles by Martin Croucher
Zurich acquires telematics firm Bright Box
Zurich has acquired connected car specialist Bright Box.
Allianz-LV merger deal gains regulatory approval
Exclusive: Allianz and LV have secured regulatory approval for a joint venture that will create the UK’s third largest personal lines insurer.
EU insurers to be granted UK access after Brexit
European insurers operating in the UK will be able to continue to do so even after Brexit, according to plans outlined by the Prudential Regulation Authority.
Relief as IDD deadline extended by seven months
Insurers have received an early Christmas present in the form of a proposed delay of seven months to the implementation of the Insurance Distribution Directive.
Davies makes TLSS its fifth 2017 acquisition
Davies Group has acquired specialist motor specialist Total Loss Settlement Services.
Global insured losses pegged at $136bn for 2017
Total global insured losses in 2017 are expected to reach $136bn (£101.3bn), the third highest on record.
Lloyd’s insurers add £3bn in capital following storms
Lloyd’s carriers have added £3bn in capital in the wake of natural disasters in 2017.
Allianz invests $96.6m in emerging market insurtech
Allianz has invested $96.6m (£72.3m) in emerging market insurtech Bima.
Compre buys legacy books from Generali
Compre has acquired two books of business in total worth €300m (£264m) from Generali.
Vibe launches MGA Plus Risk
A Lloyd’s managing general agent, Plus Risk, has been established by Vibe.
Cobra sees profits rise 33%
Cobra has seen Ebitda rise 33% to £1.44m from £1.08m.
Grenfell report: Building regulations ‘not fit for purpose’
Insurers have welcomed an official report in the wake of Grenfell Tower claiming that existing building regulations are “not fit for purpose”.
McLarens takes aim at HNW with Cunningham Lindsey hires
McLarens has hired two senior Cunningham Lindsey bosses to head up its new high net worth business.
Liberty to redomicile to Luxembourg
Liberty Specialty Markets will redomicile its insurance company from the UK to Luxembourg, rather than set up a separate legal entity.
Iain Laws joins Ardonagh to oversee health division
Jelf executive Iain Laws has joined Ardonagh Group as CEO for healthcare.
Deakin appointed deputy CEO of Ardonagh
Janice Deakin has been appointed deputy CEO of Ardonagh.
Cunningham Lindsey and Sedgwick are ‘complementary businesses’
Cunningham Lindsey and new owner Sedgwick are “complementary” businesses, the CEO of the claims firm said.
Sedgwick to buy Cunningham Lindsey
US firm Sedgwick has acquired loss adjuster Cunningham Lindsey for an undisclosed amount.
Direct Line offers Tesla owners a discount for using autopilot
Direct Line is offering Tesla owners a 5% discount on their premiums for using the ‘autopilot’ feature.
Saga makes 90 redundancies across business
Saga has made 90 employees redundant across the business.
GRP takes aim at bloodstock with Anglo-Hibernian acquisition
Global Risk Partners has bought Newmarket-based bloodstock broker Anglo-Hibernian for an undisclosed amount.
Ingenie appoints Wunelli boss Cavanagh as CEO
Telematics broker Ingenie has appointed Wunelli managing director Selim Cavanagh as CEO.
Allianz could face £32m bill from Airlander 10
The owner of an experimental zeppelin nicknamed ‘the Flying Bum’ will submit an insurance claim for up to £32m to its insurer Allianz.
MPs call for ‘evidence-based’ revision of discount rate
If the government revises the discount rate next year it should carefully consider the impact on the disadvantaged, a Parliamentary committee has warned.