Sampo Group and S. African Investor to Acquire UK Insurer Hastings for $2.2B in Cash August 5, 2020 UK insurer Hasting Group Holdings has agreed to a £1.66 billion (US$2.2 billion) cash acquisition by Finnish insurer Sampo and...
UK Motor Insurers to Mutualize Claims for Terrorist Attacks Using Vehicles as Weapons July 23, 2018 UK motor insurers have voted for the Motor Insurers Bureau (MIB) to handle and pay the claims from victims involved...
Allianz Partners with Drivy in UK to Provide Insurance for Car Sharing Platform April 13, 2018 Allianz Insurance has partnered with Drivy (UK) to provide insurance for users of its car sharing platform. Drivy, a car...
Billionaire Chief of SoftBank Bets on Autonomously Driven World: Opinion February 13, 2018 By Alex Webb, Bloomberg Gadfly It has almost become a refrain: just what is Masayoshi Son up to? After plowing money into companies as diverse...
Distributed Social Proof Insurance: The Next Industry Game-Changer? February 12, 2018 By L.S. Howard InsurTech startup InsurePal (now known as VouchForMe) is developing an insurance platform that aims to revolutionize the industry’s model for...
Edison Motor Launches on Volante’s New UK-Based MGA Platform January 19, 2018 Volante Global Ltd., a new multi-class and multi-territory international managing general agent (MGA) platform, has announced the launch of Edison...
UK Auto Insurer Direct Line Offers Tesla Drivers 5% Discount if They Use ‘Auto-Pilot’ December 4, 2017 By Noor Zainab Hussain Britain’s largest motor insurer Direct Line is offering Tesla Inc drivers in Britain a 5-percent discount for switching on the...
London Market’s IUA Warns Against Expansion of EU Motor Insurance Directive November 6, 2017 The European Motor Insurance Directive (MID) should not be extended to include liability for accidents on private property, warned the...
Everest Re in London Taps Hiscox’s Armitage, Gairdner from Tokio Marine Kiln as Sr. Underwriters October 12, 2017 Everest Re Group Ltd. announced the addition of several new senior underwriters to the London team of Everest Reinsurance (Bermuda)...
UK to Alter ‘Ogden Rate’ Used to Calculate Personal Injury Payments September 7, 2017 Britain plans to alter the rate used to calculate upfront personal injury payments, the Ministry of Justice said on Thursday,...