Insurance news

• Ex-AA executive chairman Bob Mackenzie takes company to employment tribunal

  08-01-2018 18:27
  Firm says it will will "robustly defend any action" after Mackenzie was fired for gross misconduct.
  
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• Brokers still critical of SSP Pure reliability more than a year after the outage

  08-01-2018 18:18
  CEO responds as users claim tech company has further to go on service and communication while exiting broker complains of high charges to retrieve data.
  
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• InsurTech Futures: Andy Homer invests in Digital Fineprint

  08-01-2018 16:40
  Start-up closes $2.7m investment round.
  
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• AA vows robust defence to Bob MacKenzie employment tribunal

  08-01-2018 16:05
  The AA will “robustly defend” itself in an employment tribunal against its former chairman Bob MacKenzie
  
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• InsurTech Futures: Start-up bike insurer Laka teams up with Zurich

  08-01-2018 14:39 via insuranceage.co.uk
  Start-up's business model means the consumer makes payments at the end of the month, based on the cost of claims settled during that period.
  
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• Biba launches trade credit scheme

  08-01-2018 13:20
  The trade body has teamed up with specialist CMR Insurance Services.
  
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• Euler Hermes cuts cover for New Look

  08-01-2018 13:17
  Euler Hermes has reportedly stopped offering cover on new shipments of goods to ailing retailer New Look.
  
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• Revealed: National epidemic of 2.2bn nuisance calls

  08-01-2018 11:56
  Customers were bombarded with 2.2 billion nuisance phone calls related to personal injury, PPI or other insurance matter in 2017.
  
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• M&A values up 170% as priority turns to capital optimisation

  08-01-2018 11:42
  Merger and acquisition activity rebounded in 2017 with completed deal values increasing 170% in the first half of the year, according to Willis Towers Watson.
  
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• Insurtech start-up enters UK market with backing from Zurich

  08-01-2018 11:40
  Insurtech start-up Laka, previously Insure A Thing, has launched into the UK market with bicycle cover backed by Zurich.
  
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• Bridging the gap

  08-01-2018 11:01
  Swinton’s Anne Kirk argues that helping customers get informed about insurance is the key to retention.
  
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• Exceptional items put UK General in the red in 2016/17

  08-01-2018 10:39
  UK General made an operating loss of £714,879 for the year ending 31 March 2017, compared to a profit of £8.7m in the previous year.
  
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• Aviva settles almost half of claims from Liverpool car park fire

  08-01-2018 10:37
  Aviva has settled almost half of the 123 claims it had received from the Liverpool car park fire, as the firm also moved to waive the excess on customers’ policies.
  
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• Analysis: Economy 4.0 - Learning to share

  08-01-2018 10:29
  The on-demand, sharing and digital sectors - often called Economy 4.0 - bring new risks and challenges for the insurance industry.
  
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• Senior redundancy at R&Q as group moves to simplify structure

  08-01-2018 10:13
  Randall & Quilter has made a string of senior management changes as it looks to simplify its group structure.
  
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• Digital Fineprint CEO hails 'insane' year after £2m investment

  08-01-2018 10:00
  Insurtech start-up Digital Fineprint has closed a second ‘venture’ investment round by raising $2.7m (£2m) lead by a firm that includes Nutmeg and Fan Duel among its portfolio.
  
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• My cellar is flooded, but as the damage mounts there’s no resolution in the pipeline

  08-01-2018 08:00
  It’s been pumped out again and again but Thames Water says it is not responsibleMy cellar has been flooding since early August last year when I discovered it was knee-deep in water. There had been heavy rain, and a structural engineer told me it was probably natural groundwater seepage. I hired a pump but it happened again and I pumped it out a second time.In October, I contacted Thames Water, and an engineer visited. He assured me my pipes were intact but there was a leak in the main supp
  
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• Insurers go cold on coal industry

  08-01-2018 06:00
  Worries over affect of global warming on claims sparks crackdown on polluting fuel
  
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• XL Catlin appoints energy and construction Asia-Pacific leader

  08-01-2018 03:26
  Global insurer XL Catlin has recruited from rival QBE for a senior Asia-Pacific role.
  
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• QBE settles class action lawsuit for A$132.5m

  08-01-2018 02:41
  Australian insurer QBE has settled a class action shareholder lawsuit for A$132.5m (£76.7m).
  
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• Generali appoints Hong Kong CEO

  08-01-2018 02:25
  Global Italian insurer Generali has appointed a CEO in Hong Kong.
  
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