Personal
Insurers under fire over climate risk reporting
Three insurers have been reported to the FCA and could face fines for allegedly failing to disclose information which they are “legally obliged to report”.
LV-Allianz personal lines transfer to take another 18 months
The transfer of Allianz’s personal lines business to LV is expected to take at least 18 months, according to LV general insurance CEO Steve Treloar.
LV: ‘Headwinds’ in motor market may balance out Ogden savings
With Brexit and personal injury uncertainties prevailing, LV is continuing to take a cautious approach to motor.
LV hopes for 'pricing realism' in home following adverse weather
LV general insurance CEO hopes that the impact of the Beast from the East on insurers’ property portfolios will introduce a level of “pricing realism” into the market.
Blog: Smart homes need discounted insurance
Insurers need to offer discounts for smart home devices, argues Jay Borkakoti, director of home insurance, UK and Ireland, at Lexis Nexis Risk Solutions.
Aviva: 'Millions of pounds' of personal lines business to go through Fast Trade this year
Aviva anticipates placing millions of pounds of personal lines business through Fast Trade by the end of the year, according to managing director of UK general insurance Rob Townend and managing director of intermediaries Phil Bayles.
Lemonade mulls dropping plagiarism lawsuit against rival Wefox
Following a meeting with Wefox founder Julian Teicke, Lemonade CEO Daniel Schreiber has pledged to drop a lawsuit against One Insurance and Wefox if the start-up redesigns some features.
April UK PMI exit deal puts brokers on edge
Exclusive: April UK’s private medical insurance exit has led to a flurry of insurer activity, but brokers have been left feeling frustrated and overlooked after Axa PPP struck a deal and customers were told they could contact the insurer directly.
Aviva UK delivers, GI hit hard by weather claims
Despite weather claims that hit operating profit, Aviva’s UK general insurance arm has reported a combined operating ratio of 94.3% for the first half of 2018, a slight increase on 2017, when it was 93.2%.
Weather losses send RSA profits down 15% at H1
RSA posted a 15% drop in group operating profit for the first six months of the year as British and Canadian weather losses dent the insurers’ results.
Blog: How will Paul Geddes' decade at Direct Line Group be remembered?
When Paul Geddes took over the role of CEO of Royal Bank of Scotland’s insurance business in July 2009, moving from the retail arm of the bank, and replacing Chris Sullivan, I cannot remember many getting too excited.
Motor market ‘rational’ amid uncertain pricing and whiplash reform: Geddes
The motor insurance market has kept a ‘rational’ head amidst uncertain pricing and changing whiplash reform, Direct Line Group’s CEO Paul Geddes said.
Parametric insurtech Floodflash raises £1.9m
Internet of Things start-up Floodflash will aim to roll out in October, having raised £1.9m in a seed round.
DLG’s operating profit slides as insurer is hit with weather claims
Direct Line Group saw operating profit slide in the first half of 2018, as it was hit by weather-related claims.
Latest GRP broker will seek acquisitive growth
GRP has acquired a majority stake in DCJ Group Insurance and Risk Management, for an undisclosed sum.
Sabre to target insurtech distribution
Motor insurer Sabre is looking to add insurtech platforms to its distribution model.
Markerstudy creates COO role and makes key promotions
Markerstudy has appointed Dan Fiehn to the newly created role of COO.
Autonet's Ian Donaldson on how brokers innovate
Brokers have always innovated to survive and will continue to do so, writes Ian Donaldson, CEO of Autonet and Carole Nash, explaining how technology can help cross-selling.
Blog: Whiplash reforms will present operational challenges for insurers, warns a claimant lawyer
Alan Hayes, chief legal officer of Carpenters Group, argues the delayed whiplash reforms will likely bring unintended consequences.
Analysis: From Brussels with love - a fraud case study
Missing cars, cross-border investigations, stolen identities and organised crime. Not your average case...
Innocent Smoothie founders lead By Miles's £1m fund raising
Pay-by-mile car insurance provider By Miles has swept up a £1m investment in a round led by Jam Jar, the venture capital arm of the founders of Innocent Smoothies.
Bupa expands dental network
Bupa has acquired nine dental practices, bringing the total number of sites acquired so far this year to 14.
Power to the pedals
Cycle insurers have mixed feelings about the European proposal to mandate insurance for electric bikes.