london city abstract

Ardonagh’s results hit by £51mn Towergate compensation bill

2018-04-20T08:50:00+01:00

Ardonagh Group’s dismal £260.9mn 2017 FY loss was exacerbated by a more than £50mn charge thought to be related to claims against one of its companies Towergate, which was forced to payout millions in compensation over a pensions advice scandal.

The central bank of Ireland

An ‘astounding’ number of insurers expect to be unaffected by Brexit

2018-04-13T09:47:00+01:00

The deputy governor of Ireland’s central bank has fired a warning shot to the “astounding” number of Irish insurers that say they do not expect to be impacted by the UK’s departure from the European Union.

Moscow red square

Russia targets big three brokers in 'investigation' over sanctions dodging

2018-04-10T06:15:35.633+01:00

The Russian authorities appear to have taken aim at the big three reinsurance brokers’ dealings in the country after a report in a state-run newspaper said the companies’ dealings with the Russian National Reinsurance Company (RNRC) were under “investigation” by the Interior Ministry.

Copenhagen

Barbican and Howden pursued by Danish guarantee fund after Gable failure

2018-04-10T06:15:58.753+01:00

Lloyd’s insurer Barbican and broker Howden have become the latest to find themselves ensnared in the growing construction liability crisis, re-Insurance.com understands.

Fca logo

FCA looks into ‘informal’ information sharing in wholesale broking review

2018-04-10T06:16:05.567+01:00

The UK regulator has asked whether brokers “informally” share information about tenders in its wide-ranging probe into the wholesale market, re-Insurance.com revealed on Friday (6 April).

canary wharf docklands 1000px

FCA cuts back on investigations to focus on Brexit

2018-04-09T09:23:00+01:00

The Financial Conduct Authority (FCA) has set out plans to scale back activities that aren’t directly impacted by Britain’s departure from the European Union.