News
Controversial motorcyclist injury claim ‘could spark more lawsuits’
A man who knocked down and killed a pedestrian was able to claim injury compensation from the victim’s motor insurance policy in a landmark legal case.
Lloyd’s pays $1.7bn for Harvey, Irma and Maria
The Lloyd’s market has paid claims worth $1.7bn in response to windstorms Harvey, Irma and Maria.
AA sells its emergency home cover business to Homeserve
Homeserve has bought the emergency home cover book from AA for an undisclosed sum.
Simply Business poised for further international expansion
Simply Business is poised for further international expansion seven months on from its acquisition by Travelers.
Gary Lineker-backed insurtech enters partnership with Arag
Neos will partner with Arag to provide home emergency and legal expenses cover for its connected home product.
Insurtech accelerator granted FCA approval
An insurance accelerator has been granted approval to launch up to 25 insurtech start-ups within the next five years.
LMG outlines post-Brexit free trade agreement
The London Market Group has outlined a free trade agreement for the insurance sector to help the industry navigate trade issues during Brexit negotiations.
Markel completes acquisition of ECIC
Markel has completed its acquisition of EC Insurance, following regulatory approval.
Wesurance brings AI powered Amy to Hong Kong's travel market
Wesurance, a Hong Kong-based insurtech start-up, has teamed up with Swiss giant Allied World and data company Trans Union for an app based travel insurance platform.
QBE appoints head of distribution for Australia Northern region
Australian giant QBE has hired from QBE-owned regional insurer Elders Insurance for a distribution role.
Crawford hires Alister Jupp as head of Global Technical Services
Crawford & Company has appointed Alister Jupp as head of its Global Technical Services operation in the UK and Ireland.
Simply Business appoints David Summers as UK CEO
Simply Business has appointed David Summers as UK CEO, reporting to group CEO Jason Stockwood.
Pool Re expands cover to include physical damage from cyber terrorism
Pool Re will expand its remit to cover material damage and business interruption resulting from cyber terrorism.
Pricing boost not enough to relieve market pressures, says Fitch
Improved pricing for London Market insurers in 2018 may not be enough to relieve the pressure on underwriting results from high expenses and lower reserve releases, according to Fitch Ratings.
Q3 nat cats accelerated plans for Ascot Re, says Brooks
Recent natural catastrophe activity across the Atlantic has sped up Ascot’s expansion plans, the group's CEO told Post.
Jelf and Bluefin combined business to rebrand as Jelf
Marsh has revealed that its combined Jelf and Bluefin business will begin rebranding as Jelf from early next year.
Broker saw 5000% home insurance surge in lead up to Ophelia
Broker Cover Builder saw a 5284% surge in home insurance sales in the minutes leading up to storm Ophelia.
Peter Barrett appointed as chairman of Digital Risks
Peter Barrett has been appointed chairman of digital broker, Digital Risks, as it plans to expand across the UK and internationally.
Gallagher appoints James Anderson to head up Rossborough Insurance
Arthur J Gallagher has appointed James Anderson as group managing director of Rossborough Insurance, its Jersey-based personal and commercial lines broking business.
Chubb and PICC form global partnership
Global insurer Chubb and state owned Chinese insurer PICC P&C have signed a 10 year global cooperation agreement.
Mapfre Re to open Tokyo office
Spanish reinsurer Mapfre Re is opening up a representative office in Tokyo on 1 December.
Ophelia to cost industry €60m, says Perils
Catastrophe loss analysts Perils has pegged the market loss for Ex-Hurricane Ophelia which battered the coast of Ireland, at €60m.
Brit launches third-party capital backed specialty reinsurer
Specialty insurer Brit has launched a specialty reinsurance platform, Scion Underwriting Managers, which will take advantage of both Brits own balance sheet, other markets and third-party capital providers.
Ascot launches Bermuda-based reinsurer
Global property & casualty underwriter Ascot has launched a reinsurance business in Bermuda.