Keoghs and the largest retailer have uncovered a fraud ring

Keogs and major retailer – Insurance Post have uncovered a fraud ring

After a three-year investigation, Keoghs and an unnamed major retailer uncovered and convicted a sophisticated fraud ring.

Stuart Clemson and Laura East of Keoghs looked into 33 separate incidents involving delivery drivers resulting in five cases going to trial and being heard over five weeks.

The court found

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Perils has updated Storm Babet’s damage assessment to £586 million

Pearls reported that £467 million of losses from Storms Babbitt and Allen occurred in the UK and were mainly related to flooding.

Owner Auxillis is in talks to buy Kindertons

According to multiple industry sources, talks are underway regarding the potential sale of accident and mobility management company Kindertons to Redde Northgate, the parent company of Auxillis.

Ageas CEO looks forward to home growth in 2024

Ant Middle, CEO of Ageas, reveals how the personal lines insurer will use real-time pricing technology to boost the provider’s head book in 2024.

Qover enters the UK drive. ARAG concludes DAS deal; Consumer Duty Manager at OSB

Friday Summary: Insurance Post wraps up the week’s major insurance deals, launches, investments and strategic moves.

Climate activists claim victory after insurers rule out EACOP

Reinsurers Sirius Point, Riverstone International, Enstar Group, and specialist insurers Blenheim and SA Meacock have formally ruled out involvement in the East African crude oil pipeline.

Hyperexponential CEO highlights next steps after $73 million funding round

The insurance company’s CEO and co-founder shares how a “strong, self-sustaining foundation” is essential to pique the interest of venture capitalists, and how the funds will fuel its international expansion.

Bloomberg warns that Admiral and DLG could suffer from the FCA’s premium financing measures.

Bloomberg Intelligence has warned that Admiral and Direct Line’s profits could be threatened if the Financial Conduct Authority clamps down on companies that charge customers fees to pay monthly car insurance premiums.

The MP highlights a loophole in the lease reform bill

Matt Brewis, head of insurance at the Financial Conduct Authority, appeared before a parliamentary committee to discuss the Leasehold and Freehold Rights Reform Bill, which was challenged by MPs over whether the current set of rules ensures insurance costs are reasonable.

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