News
Hurricane Florence insured losses in the billions, flooding may still 'worsen'
Insured losses from Hurricane Florence are likely to be between $1.7bn and $4.6bn, Air Worldwide estimates.
SME insurtech Hokodo partners with Scor on SME product
Start-up Hokodo will work with Scor Global’s Channel Syndicate on an SME invoice protection product.
Insurance firm director jailed for 31 false claims and Manchester Arena terror attack fraud
The director of an insurance firm has been jailed for two years after she claimed her daughter had been injured in the 22 May Manchester Arena terror attack.
Up to 3750 jobs at risk from Marsh's acquisition of JLT
Marsh expects to save around $250m in “cost synergies” from the acquisition of JLT, with up to 3750 jobs at risk.
Marsh's JLT deal 'could drive further M&A'
Marsh’s $5.6bn (£4.2bn) acquisition of JLT could spell opportunity for private equity-backed brokers, analysts believe.
Allianz splashes out on Olympics sponsorship
Allianz will become the worldwide sponsor of the Olympics from 2021.
Marsh group buys JLT for $5.6bn
Marsh & Mclennan will buy Jardine Lloyd Thompson for $5.6bn (£4.2bn) in a move that will shore up the company’s position as the largest broker in the world.
Insured losses for Typhoon Jebi could hit $5.5bn
Insured losses from Typhoon Jebi will be between $3bn (£2.3bn) and $5.5bn (£4.2bn), RMS estimates.
Argo selects Harris for Asia and Europe role
Lloyd's international specialty underwriter and reinsurer the Argo Group has appointed former AIG director Matt Harris to lead the company’s Europe and Asia operations
David Beckham becomes health ambassador for AIA Group
Ex-footballer and England captain David Beckham will become the global ambassador for pan-Asian life insurance firm AIA Group.
Young people most at risk of falling victim to ghost brokers
Young people aged between 17 and 24 years old are most likely to fall prey to ghost broking scams, figures from the Insurance Fraud Enforcement Department reveal.
Aviva Ventures leads $5.4m investment round in Shepper
On-demand inspections start-up Shepper has raised $5.4m (£4.1m) in a series A round led by Aviva Ventures and Norwegian Idekapital Fund 1.
Claims II: Flood Re sets out 2039 plans for affordable pricing
Flood Re has set out its long-term vision for when it exits the market in 2039.
Claims II: Victims of Nice terrorist truck attack receive €37m
Two years after the truck attack in Nice, southern France, the terror compensation fund has paid out €37m (£33m) to 2135 victims, who were either injured in the attack or are relatives of casualties.
Police called to Brolly offices after overnight break in
The offices of insurtech firm Brolly were broken into, and £15,000 of computers, tablets and phones were stolen.
This Week in Post: Surprises and savings
Getting a nasty surprise when the bill arrives is a feeling many of us have experienced. Some insured losses are no different.
Weather hit and 'transformational' costs drive Co-op Insurance into the red for H1
Co-op’s insurance arm made an operating loss of £14m in the first half of 2018, which it says was largely due to weather claims.
GRP scoops up U-Sure in 10th acquisition of the year
GRP has acquired Lloyd’s coverholder U-Sure Insurance Services for an undisclosed sum.
China Re snaps up Chaucer from The Hanover
The Hanover has sold Chaucer to China Re for a total price of $950m (£726m).
Axa sees huge spike in cavity wall installation claims - updated
Cavity wall insulation claims exploded last year, with Axa Insurance alone reporting a dramatic increase in the space of seven months.
Guidewire swoops for Aon's global analytics CEO Mang to lead new unit
Former Aon global analytics CEO Paul Mang is joining software provider Guidewire to head up a new analytics unit.
2018 Insurance Marketing & PR Awards: Full list of winners
LV was acclaimed as the Insurance Brand of the Year at last night’s Insurance Marketing and PR Awards
CMCs look elsewhere as industry calls time on travel claims 'epidemic'
The epidemic of holiday sickness claims might be over, but insurers have been warned claims management companies are already moving into new areas to make up for the shortfall in revenue.
Carlyle Group confirms $6.7bn Sedgwick acquisition
Carlyle Group has bought claims firm Sedgwick for $6.7m, the company announced, confirming earlier reports.