Twins Who Built $1.3B Marshmallow Car Insurance Startup as Industry Challenger October 18, 2021 By Ronan Martin For three centuries, a handful of insurers have dominated the market from the City of London. The upstart intent on...
Connected Motor Insurtech Ticker and Abacai Partner to Raise Capacity, Expand Offering September 29, 2021 UK connected motor insurtech Ticker and Abacai Group have partnered to increase Ticker’s capacity and introduce new levels of pricing...
Marshmallow, Black-Founded Insurtech, Is Now a Unicorn September 8, 2021 By Carolyn Cohn Digital motor insurer Marshmallow has raised $85 million from investors, valuing it at more than $1.25 billion and making it...
UK’s Q2 Auto Insurance Premiums Drop to Lowest Level Since Early 2016: Survey July 21, 2021 The cost of a comprehensive car insurance policy in Britain fell 12% in the second quarter to its lowest level...
UK Seeks to Reform How Motor, Home Insurers Treat Loyal Customers September 22, 2020 The Financial Conduct Authority has set its sights on revamping the UK motor and home insurance marketplace to help customers,...
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 to Spend £2.5B on Road Repairs; Potholes Cause 90% of Auto Insurance Claims March 11, 2020 Britain will spend an extra 2.5 billion pounds ($3.2 billion) repairing 50 million potholes in roads over the next five...
U.K. Personal Lines Insurers May Face Curbs on Price Hikes Slapped on Renewal Policies October 7, 2019 By Will Hadfield U.K. home and car insurers could be stopped from jacking up prices when customers’ policies come up for renewal as...
UK Household Insurers, Banks Face Action for Overcharging Customers December 19, 2018 By Jonathan Browning and Karin Matussek Providers in the U.K.’s markets for cash savings, mortgages, insurance, mobile phone contracts and broadband are burdening customers with a...
UK Insurer ESure Receives $1.5 Billion Offer from Bain Capital August 13, 2018 By Neil Callanan ESure Group Plc has received an unsolicited offer of about 1.17 billion pounds ($1.5 billion) from Bain Capital Private Equity...