News
Matthew Wilson returns as Brit CEO after leave of absence
Matthew Wilson has resumed his role as Brit CEO after he took a leave of absence last September.
Gallagher Re launches academic research centre to develop risk management strategies
Gallagher Re launches Gallagher Research Centre to help its clients improve their perception of risk for all types of hazards.
Former MS Amlin boss Chris Beazley appointed as CEO of Scor UK and Scor Syndicate
Scor has appointed former MS Amlin AG boss Chris Beazley as CEO of Scor UK and Scor Syndicate with effect from 20 September, subject to regulatory approval.
Former CII vice presidents highlight 'serious and urgent concerns' in renewed calls for independent review
Former vice presidents of the Chartered Insurance Institute are set to table a motion calling for an independent review of decisions taken at the organisation since 2016 at its annual general meeting next month.
Chaucer partners up with Moody’s on ESG scorecard to help clients become more sustainable
Chaucer has collaborated with Moody’s to roll out an ESG solution across underwriting, investments and operations.
Bruce Carnegie-Brown: Brokers need to adapt to the digitalisation of the marketplace and spend time adding value
Brokers who are “embracing technology change will be hugely advantaged” in a changing industry which needs to adapt to make the market more efficient by “spending more of time on the value-added piece of the advice activities”.
Lloyd's reserves £1.1bn for Ukraine-related losses
Lloyd’s has set aside £1.1bn for losses arising from the conflict in Ukraine, around a quarter of the sum relating to expected aviation losses.
AIG and Lloyd's insurers reject case advanced by Aercap in $3.5bn claim
Insurers have rebuffed claims from aircraft leasing giant Aercap that it is owed either $3.5bn under its all risks policy or $1.2bn under its war risks policy for the dispossession of aircraft by Russian airlines earlier this year.
Sirius Point appoints former RSA boss Scott Egan as CEO
Sirius Point has appointed Scott Egan as CEO, effective from 21 September 2022.
Jensten Group not focussed on larger rivals as it targets ‘clarity’ for brokers
The Jensten Group has said it is “always looking at opportunities for growth” but doesn’t want to lose focus on what type of growth it wants to achieve.
Markel hires MD of distribution strategies and business development
Markel International has appointed Dan Martin as managing director of distribution strategies and business development.
Aon appoints WTW's William Bruce to lead climate risk consulting
Aon has appointed William Bruce from WTW as global managing director of climate risk consulting in Aon Global Risk Consulting.
July cyber-attack causes backlog for Davies
Davies Group is working to mitigate the impact of backlogs caused by a cyber-attack it suffered at the end of July.
Insurers agree FCA price walking ban benefits customers, but ‘doesn’t mean renewals will always go down’
Insurers have disputed Which? survey results saying the majority of their car and home insurance customers are seeing their prices go down which demonstrates that the ‘new rules are working’.
Companies are ‘treading a very thin line’ in avoiding data breaches
After ICO launched criminal proceedings against eight data thieves, companies have been told to revisit their cyber security to ensure they are properly secured and protected against potential data thieves as cyber attacks are on the rise.
UK P&I Club hires new chief underwriting officer
UK P&I Club has appointed William Beveridge as chief underwriting officer.
Insurance fraud expected to rise this year, reversing 2021 trends
Insurers and counter-fraud specialists expect the level of insurance fraud to increase this year, with the cost-of-living crisis driving more people to make dishonest claims.
ICO begins criminal case against eight data thieves
The Information Commissioner’s Office has begun criminal proceedings against eight individuals who are alleged to have stolen data from repair garages in order to find leads for potential fraudulent personal injury claims.
Government announces better flood protection for new homes
The government has published an updated planning guidance to ensure new homes will be better protected from flooding following changes to planning guidance.
Analysis: Revisiting the government’s Live Events Reinsurance Scheme
The government-backed scheme is set to expire at the end of September, following months of waning interest from event organisers in the cover it was set up to provide.
Urban Jungle looking to take market share from bigger incumbents as there is 'not enough innovation'
Urban Jungle is looking to take advantage of the lack of innovation from bigger incumbents as it launches multiline coverage.
Allianz snaps up chief compliance officer from Aviva
Allianz Holdings has appointed Alison Rayner to the newly created position of chief compliance and corporate affairs officer.
Aviva confirms acquisition of Azur’s HNW business; Quotech raises £1m from Convex and angel investors; FinTech Scotland partners with Finance Isle of Man; and Jensten Group buys J Bennett & Son
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
R&Q says Randall return would be 'a backwards step' ahead of SGM next month
R&Q is to hold a special general meeting on 13 September in London to allow shareholders to vote on resolutions to remove executive chair William Spiegel from his post.