News
Flood impact driving on claims surge after storms Dennis and Ciara
The "significant" impact of river flooding is expected to persist over the next few days, the Environment Agency confirmed, as insurers continue to receive a surge of claims on the back of storms Dennis and Ciara.
Allianz UK operating profit drop driven by 'large number of factors': Jon Dye
There was “a very large number of factors” behind the significant drop in operating profit at Allianz UK in 2019, according to CEO Jon Dye.
Operating profit down one third at Allianz UK
Allianz UK has reported profit of £138.1m for 2019 supported by investment gains as operating profit fell.
MIB urges government to act after Supreme Court rejects Lewis appeal
The Motor Insurers' Bureau has been tipped to challenge the government into amending the Road Traffic Act or change its own Articles following this week's Supreme Court ruling in the case of MIB v Lewis.
London market chief disputes ‘disappointing’ FCA findings
The London Market Group has expressed its disappointment with the Financial Conduct Authority’s latest sector views report and requested a meeting with the regulator to discuss its findings.
Gunter replaces Hendrick as Axa XL CEO
Scott Gunter has been appointed as CEO of Axa XL joining from Chubb to replace Greg Hendrick who is leaving to pursue other opportunities.
Government delay to claims portal expected within days
Industry experts have predicted that the government is ready to delay the upcoming launch of the claims portal with an announcement expected “very soon”.
Restructuring costs weigh on Ageas' 2019 profits
Ageas UK saw its profitability slump by 21% last year, reporting full-year profits of £60.3m compared to £76.7m in 2018.
Call Connection creditors set to share £246,000 as claims hit £4.7m
Call Connection creditors will share a payout of around £246,000 as claims from secured and unsecured creditors total £4.7m, administrators BDO have estimated.
Post Office switches from BGL panel to Ageas home insurance partnership
Post Office Insurance has teamed up with Ageas on an exclusive five-year deal for home insurance.
Ex-Lloyd's CEO Inga Beale joins Crawford board
Former Lloyd’s of London CEO Dame Inga Beale has been elected to the board of directors of Crawford & Company, as an independent director effective 11 February.
MGAA boss Peter Staddon to retire
Peter Staddon will retire as managing director of the Managing General Agents’ Association at the end of June this year, after nearly seven years in the role.
Storms Dennis and Ciara could cause greater claims surge than the Beast from the East
Storm Dennis has caused a second weekend of claims surges across the UK, and together with last weekend’s Storm Ciara, could be on track to exceed the impact on claims volumes of 2018’s Beast from the East.
Bollington still offering all lines after Gefion suspension, Patterson confirms
Bollington’s decision to stop trading with unrated Danish insurer Gefion has not changed the firm’s insurance footprint, group managing director Chris Patterson told Post.
Bollington ceases trading with Gefion
Bollington has suspended trading with Danish unrated insurer Gefion, Post can reveal.
Ardonagh buys Bennetts for £26m
Ardonagh Group has agreed to pay Saga £26m for Bennetts Motorcycling Services.
Motor Mouth Podcast 4: Road safety and the scourge of the uninsured driver
In the next in our series of podcasts with Motor Insurance World speakers Andrew Cox, detective superintendent at the Metropolitan Police, is interviewed by Post’s content director Jonathan Swift, outlining what challenges insurers can expect to come…
Insurers and organisers count cost of events cancelled by coronavirus
Organisers and event insurers face uncertainty over what cancellations stemming from the ongoing Covid-19 coronavirus outbreak will cost them, as wordings are pored over and new policies have cover for the virus stripped out.
This week: Black swans, white swans
Love is in the air as of course it's Valentines Day. Today couples across the world will celebrate their love for one another with thoughtful gifts like chocolate, flowers and cards. A day that's often symbolised by white swans as they are known to have…
UK commercial insurance pricing leaps 14% in Q4
Composite insurance pricing in the UK rose by 13.7% in the fourth quarter of last year according to research by Marsh.
Analysis: Whiplash and insurer demand driving claims sector consolidation
Following Davies' acquisition of Keoghs further consolidation is expected in the claims sector and it could push mid-sized firms out of the picture.
Insurers face further storm pressure as Dennis bears down on UK
Storm Dennis will hit the UK this weekend, following a claims surge and disruption from last weekend's Storm Ciara.
Cybercriminals look to exploit panic over coronavirus outbreak
Cybercriminals are increasingly using crisis events such as the ongoing Covid-19 coronavirus outbreak to breach the security systems of businesses and individuals.
Allianz confirms scrapping of Saracens deal
Allianz has confirmed that it will end its headline sponsorship of Saracens this year 12 months ahead of schedule.