Broker
Fresh owners file £25m legal claim against sellers
Kingsfisher Holdings UK, formerly known as Vantage Holdings, has filed a £25m legal claim in the High Court in London over the deal for Fresh Insurance it completed in October 2018.
Aston Lark buys Brunel Professions
Aston Lark has bought professional indemnity specialist Brunel Professions, Post can reveal.
Blog: Levelling the playing field with gender specific insurance
Sam White, CEO at Freedom Services Group, has recently launched a gender-based insurance brand in Australia. She explains why this customer-centric approach is challenging the status quo in the market.
FCA BI test case judgment expected Tuesday
The judgment in the Financial Conduct Authority’s business interruption test case, in which the regulator is representing policyholders against insurers, is expected Tuesday 15 September.
Briefing: Do Revolut and Lloyds Bank moves signal a bancassurance renaissance?
The model of banks with in-house general insurance divisions, or bancassurance, has thrived elsewhere in Europe but failed to pick up the pace in the UK. Is this about to change?
FOS receives 'handful' of broker business interruption complaints
Exclusive: The Financial Ombudsman Service told Post it has so far seen a “handful” of business interruption complaints about brokers, as policyholders await the results of the Financial Conduct Authority’s High Court test case.
DRP unveils grossing up and pay gap bonus allegations in Jelf legal wrangle
David Roberts & Partners has denied the client and team poaching claims by Jelf in a High Court case and accused the Marsh-owned business of having a "toxic" work atmosphere and grossing up premiums, while a counterclaim from one defendant alleged human…
Jelf slams DRP response in 'unlawful conspiracy' poaching legal battle
A filing by Jelf has slammed DRP’s defence and counterclaim allegations for including “much irrelevant and often inaccurate information, seemingly included for perceived prejudicial value” and addressed the accusations of grossing up premiums and gender…
Former branch director sues Jelf for invasion of privacy over Facebook messages
Jason Lauchlan, a former branch director of Jelf’s Malton office, is seeking compensation for what he alleges was an “unlawful” breach of his privacy after Jelf obtained and shared Facebook messages between him and another former employee.
Allianz's Graham Gibson on using technology in claims
Graham Gibson, chief claims officer at Allianz Insurance, takes a look at how technology is bringing benefits in the claims arena
FCA hones in on brokers in 'milestone' warning
The Financial Conduct Authority has urged brokers to address 'significant risks' they could pose to their customers or markets.
Lockton accused of forging Axa documents in High Court fraud case
Property investor Aubrey Weis has accused Lockton of forging Axa documents and altering an insurance certificate issued to his company Combined Property Control in a filing at the High Court of Justice in London.
Profit shrinks at Arron Banks’ Somerset Bridge
Pre-tax profit at Arron Banks’ personal lines broker Somerset Bridge Insurance Services fell to £5.04m in 2019, down from £6.54m the previous year.
Return to city offices will not be ‘short and sharp’ select committee hears
Office spaces in central London and other densely populated cities are not built to accommodate a rapid return for workers while Covid-19 remains a health concern, a Bank of England official has told MPs.
Gallagher Re a shout not a whisper says boss Rupert Swallow
The brand change from Capsicum Re to Gallagher Re will help the business win the keenly fought “war for talent”, according to CEO Rupert Swallow.
Interview: Ant Middle, Ageas
Ant Middle, UK CEO of Ageas, talks to Stephanie Denton about restructuring, refocusing and remaining positive throughout the challenges thrown up by 2020 so far
Saga confirms £150m raise with ex-owner Sir Roger De Haan returning as chairman
Sir Roger De Haan, the former owner of Saga, is set to invest up to £100m in the business as it seeks to raise £150m through a share placement.
AA secures four week extension for takeover talks
The three groups eyeing up a takeover of the AA have been given an extra 28 days to make an offer for the business with the deadline moved back from today.
Capsicum to rebrand as Gallagher Re from next month
Capsicum Re is to rebrand as Gallagher Re from 1 October in order to align the business with Gallagher’s retail and insurance broking operations.
Analysis: Covid-19 event cancellations
Following the Covid-19 outbreak live events across the world had to be postponed or cancelled due to fears for public health and safety. Multibillion-dollar losses as a result of coronavirus has put the contingency market under the spotlight, while…
Aon and WTW merger gets shareholder vote of approval
Aon and Willis Towers Watson shareholders have voted in favour of the risk giants' merger.
Brokers urge Biba not to spread itself too thin after redundancies
Brokers have voiced their support for the British Insurance Brokers’ Association but urged the trade body to continue to cover all the issues as the association made five staff redundant.
Analysis: Broker PI rates going 'through the roof'
As brokers grapple with soaring professional indemnity rates and attention sharpens on the potential for claims in the wake of the ongoing Financial Conduct Authority business interruption court case, Post investigates what the eye-watering price changes…
Ecclesiastical ducks to £59.7m loss for H1 2020
Insurer Ecclesiastical made a loss before tax of £59.7m for the first half of 2020 as the Covid-19 impact bit.