Amazon axes UK insurance business & more…Keep up with what has been happening this week in our latest insurance news round-up…

Ageas UK in ‘market-first’ move

Ageas UK has incorporated WeatherNet’s SurgeCast application with policyholders’ precise geographical location in what is said to be a pioneering move.

FCA refutes rumours it will ban GAP insurance

The Financial Conduct Authority has just told AM it has “no intention of banning GAP Insurance”, in response to unsubstantiated reports that the product must be scrapped this year.

Amazon axes UK insurance business

Amazon is shutting its UK insurance business less than two years after its launch.

Phillip Titolo joins HPC as Head of Insurance Solutions

Hunter Point Capital (HPC), an independent investment firm providing capital solutions to alternative asset managers, has hired Phillip Titolo as a Managing Director and Head of Insurance Solutions, effective January 29, 2024.

RAA advocates for NFIP reauthorisation and private flood insurance market

In advance of the Senate Committee on Banking, Housing, and Urban Affairs’ hearing on the “Reauthorisation of the National Flood Insurance Program: Local Perspectives on Challenges and Solutions,” Lee Covington, President of the Reinsurance Association of America (RAA), submitted a statement urging comprehensive reforms for the NFIP.