Insurer
Lloyd’s slumps to £2bn loss for 2017
COR deteriorates markedly to 114% in first loss for six years.
#Insagepeople: 19 - 25 March 2018
Keep up to date with all the latest people moves.
Claimant lawyers hit out at government’s discount rate reform
Lawyers say the legislation will “severely impact the seriously injured” after Civil Liability Bill is introduced in the House of Lords.
Insurance industry welcomes Ogden rate reform
Industry players expect new Civil Liability Bill to lead to a positive discount rate with some predicting a rate of between 0-1%.
Pen Underwriting makes 11 redundant at Chelmsford office
The redundancies are from the schemes side of the business.
Discount rate reform unveiled by the government
Justice Secretary David Gauke to introduce the Civil Liability Bill, which includes changes to how the Ogden rate is set.
Warning: Insurance Age will be hacked
But don’t worry, it is a simulation to highlight the complexities around cyber security and explain what brokers can do to assist their clients. Join us on 26 April for the full story.
Meet the techies: Tobias Taupitz
Tobias Taupitz, CEO and co-founder of start-up bike insurer Laka, tells us how brokers can benefit from InsurTech.
Trade credit insurer pay-outs at highest level since 2009
ABI says company failures such as Monarch Airlines and Carillion have led to challenging trading conditions.
Podcast: The top five stories of the week
Jonathan Swift and Emmanuel Kenning analyse the most clicked on stories this week.
Quizzical questions: 16 March 2018
Test your knowledge of the week's news with our topical quiz.
Carole Nash and Axa remain committed to Republic of Ireland bike market
Broker and insurer have no plans to imitate MCE’s Brexit withdrawal.
MGAM launches event insurance
The product which covers employers’ and public liability, equipment, abandonment, cancellation and postponement can be white-labelled by brokers.
MCE blames Brexit as it pulls out of Republic of Ireland
Firm to stop trading in the country on 30 March.
Markel stops writing London open market property
Three people will be made redundant following the move which was made because the business sector was "not profitable".
Aviva targets medium sized SMEs
Aviva's Phil Bayles, MD of UK intermediaries, says insurer is in a good position compared to some of its competitors.
UK General launches personal lines cyber cover
Provider claims cyber cover has traditionally focused on corporate and high net worth markets.
David Cahoon steps up as MD at Rural Insurance
Previous boss Ian Barclay left last July.
Canopius follows up buyout with new COO and CFO
Nigel Meyer joins from Brit.
NMU Letchworth office axed in regional restructure
NMU is to close its Letchworth office as it looks to merge three offices into one region as part of a restructure of its Southern operations.
Biba wants Senior Managers Regime date for brokers "as soon as possible"
Trade body's David Sparkes welcomes the FCA's proposal that smaller firms will move automatically to the new regime.
#Insagepeople: 12 - 19 March 2018
Keep up to date with all the latest people moves.
Broking Break: Your Top 5
Axa buying XL dominated the headlines taking up two slots in the top five most read. However there was plenty more going on with an insurer going into liquidation, profits rising at Aviva and advice for brokers on GDPR.
Canopius completes exit from Sompo Holdings
The £737m deal for the Lloyd’s insurer was first announced last September.