Commercial
This week in Post: Sore heads and muddy journos
It’s been a week for sore heads, with England crashing out of the World Cup on Wednesday. Fortunately, with the industry keeping us so busy, there hasn’t been much time to ruminate on the pain.
The MGAA’s Peter Staddon on planning to thrive and not just survive
The future can be a perilous place, especially for the insurance sector, says Peter Staddon, managing director of the Managing General Agents’ Association. In an environment typified by tough market conditions, Brexit, and increasing waves of regulation,…
Advent and Brit owner looks to merge Lloyd’s businesses
Fairfax Financial Holdings, the parent of Advent Capital Holdings and Brit, is planning to merge some of their Lloyd’s business and place the rest into run-off.
Zurich's Puneet Sharma: Calling time on credit markets
Credit has been underperforming equities and Puneet Sharma, managing director at Zurich, believes this warrants a rethink of portfolio positioning.
Insurtech start-up Next raises $83m
US-based insurtech start-up Next Insurance has raised $83m in a Series B funding round led by Redpoint Ventures and including Munich Re.
Axa reveals new brand for XL
XL will rebrand as Axa XL and combine all its property & casualty business and specialty risks into the new entity.
Lloyd's launches insurance matching site as digital push continues
Lloyd’s has launched Lloyd’s Bridge a digital distribution platform designed to connect insurance businesses with Lloyd’s underwriters.
Q&A: Lynda Lucas, chair, Airmic
Lucas began her career as a company secretarial trainee at British Aerospace and has since had various risk management roles at companies including Nortel, Old Mutual and, since 2006, Fujitsu. She has been an Association of Insurance and Risk Managers…
Analysis: Allianz’s acquisitive appetite
With reports suggesting that CEO Oliver Baete has a big ticket acquisition in mind, rumours have been circulating that Allianz could look to hoover up one of the larger players in the UK market.
Analysis: Sport injury: Hitting hard
As professional sportspeople complain about their insufficient cover for career-ending injuries, insurers fear a surge in claims from contact sports
Former Zurich boss launches boutique broker to buck consolidation trend
Exclusive: A former Zurich Private Clients executive has launched Provenance Insurance Brokers, a start-up high net worth and commercial broker.
LSM takes on Ironshore renewals to spur European growth
Liberty Specialty Markets has entered into a renewal rights agreement with Ironshore Europe to take on its European non-merger & acquisition business and staff.
Covéa regional restructure leads to redundancies
Covéa is changing its regional structure, leading to 11 redundancies.
Acord, Aon and Beazley team up on first data breach standard
Acord, the global standards-setting body for the insurance industry, has published the sectors first standard for a cyber data breach.
Allianz's Stephanie Smith: Insurance needs to be louder and prouder
Insurance makes the world go round and Stephanie Smith, chief operating officer at Allianz, says the industry should be prouder of its daily accomplishments.
Sogaz and VTB merge to form Russian insurance giant
Sogaz has acquired VTB Insurance and the merger is creating Russia’s largest insurance company.
This month in Post: Prizes, proposals and pledges
This month began with a bang as the annual British Insurance Awards highlighted the talent in the sector in 1950s style, with industry stalwart John O’Roarke being handed the Achievement Award.
PIB nets second acquisition of the week
Consolidator PIB has bought broker Wheatley Wright, its second acquisition to be announced in three days.
Beazley's Catherina MacCabe on the mounting pressure on D&Os
Directors and officers are coming under ever closer scrutiny as pressure is mounting to comply with gender, cyber and environmental requirements, explains Catherina MacCabe, head of the International Management Liability focus group at Beazley.