Insurer
FSCS paid out £473m in compensation in 2018/19
A total of 371,000 premiums were returned following the collapse of unrated Danish provider Alpha.
RSA hires Rachel Conran as CUO of Global Risk Solutions
Conran has previously worked for Allianz and her appointment follows a number of changes in RSA's GRS division.
ABI slams FSCP's proposed automatic-upgrade rule to tackle dual pricing
Consumer body's suggestion follows the super-complaint from Citizens Advice.
Aon’s Julie Page joins CII board
In a separate move members of the professional body also voted in favour of modernising its by-laws.
Brexit cost for financial services sector nears £4bn
EY says Brexit preparations have slowed after the deadline for the UK to leave the EU was extended.
Ecclesiastical report highlights biggest risks for charities
Insurer says Charity Risk Barometer will help brokers better understand the issues facing the sector and find solutions.
Lloyd's launches product innovation facility with £53m capacity
New initiative to focus on emerging risks, with underwriters from a range of different businesses taking part including Tokio Marine Kiln, Beazley and Hiscox.
Brokers monitoring capacity shortages after TMKI run-off
Although brokers are not worried by the provider going into run-off, they have concerns over tightening capacity.
Lloyd’s suspends employee for “inappropriate comments” – report
Chief executive John Neal revealed a suspension had been made as the market strives to crackdown on behaviour amid reports of a sexist culture at the organisation.
Profit margins for UK brokers at highest level in eight years
Figures from Plimsoll Publishing show average profit margins are 5.7% for the current year, after consistently increasing since last year.
Insurance Cares: IUAD teams up with the Insurance Charities
The organisations have developed a support service for people in the insurance industry who are struggling with dementia.
The Insurance Age Podcast: 21 June 2019
The editorial team get their teeth into the top stories.
Revealed: UK Broker Awards shortlist
Find out who is in the running to win a trophy at The Brewery on 13 September.
Quizzical questions: 21 June 2019
Test your knowledge of the week's news with our topical quiz.
Tokio Marine Kiln: Figures revealed following closure of UK arm
Most recent results for Tokio Marine Kiln Group show losses for TMKI which is now being placed in run-off.
InsurTech Futures: Artesian launches risk and compliance hub
Firm says new solution will help brokers better understand risks and spot opportunities.
Regulator sharpens focus on Lloyd's amid sexual harassment claims
Following the warning Lloyd's has revealed advisory committees designed to tackle diversity and inclusion featuring sector leaders such as Zurich's, Amanda Blanc, and the CII's, Sian Fisher, have been set up.
Tokio Marine Kiln Insurance to go into run-off
The Group will focus instead on Lloyd’s business through its syndicates as the move places a small number of roles at risk of redundancy.
CII seeks fresh talent for New Generation group
The professional body has a specialist group for broking and the deadline for applications is 9 August.
Broker MP backs Boris Johnson
Craig Tracey has thrown his support behind Johnson in the Conservative leadership race but is yet to broach the topic of IPT with the former Foreign Secretary.
Covéa launches commercial combined product
The offering, targeted at SMEs, is the first in a planned series of fresh products.
Insurers could face fines for £4bn dual pricing "rip off"
The government is set to give the Competition & Markets Authority power to bypass the courts and fine firms that exploit loyalty.
Hiscox creates Cyber Exposure Calculator
Online tool can calculate the value of a firm’s data.
Three directors out as Policy Expert buys loss-making Sure Thing!
Adam Powell takes over as CEO as Sure Thing!’s Brendan Devine, Stevie Sutherland and Kevin Kiernan exit the business.