News
Rising star: Jonny Valentine, Insure The Box
After packing in his degree to work for Insure The Box, Jonny Valentine is now an award winner and head of innovation at the firm
Online betting operator gains license to establish its own insurance company
Online betting operator, Lottoland, has established its own insurance company, Fortuna Insurance, in order to insure its own risks.
Beazley anticipates $150m hit from Atlantic hurricanes and Mexico earthquakes
Beazley expects to take a $150m (£112m) hit on earnings as a result of hurricanes Harvey, Irma and Maria as well as the recent earthquakes in Mexico.
Lemonade vows to ‘rebuild insurance’ with zero deductible product
Insurtech disruptor Lemonade has launched an upgrade to its products, allowing customers to file up to two claims each year without rate hikes.
Cvrd rebrands to Nimbla and sets launch date
Insurtech start-up Cvrd has rebranded to Nimbla and plans to launch in October this year.
Ingenin attracts 60 start-ups to Nottingham Innovation Hub
Exclusive: Ingenin has brought in 60 tech start-ups to its newly-launched Innovation Hub.
Lloyd's suspends H1 profit release to take stock of Harvey and Irma impact
Lloyd's has suspended the release of first-half profits until it can accurately assess the financial impact of Harvey and Irma, the market's chief financial officer has said.
FCA paid £4.9m in production costs on Schwarzenegger PPI advert
Exclusive: The Financial Conduct Authority spent £4.9m in production costs on a TV advert featuring the robotic head of Arnold Schwarzenegger.
This Week in Post: Deal or no deal?
“You can watch Go Jetters if you let me tie your hair” is the type of deal you sometimes need to strike with your toddler if you want to get things done. Of course, you shouldn’t negotiate with mini-terrorists but there is nothing wrong with a win-win…
Underwriting Service Awards 2017: Shortlist revealed
The shortlist for this year’s prestigious Underwriting Service Awards has been announced.
Aviva sells stake in Italian JV for £233m
Aviva has sold its £233m stake in its Italian business Avipop Assicurazioni.
Chubb signs Asia distribution agreement with DBS
Global P&C insurer Chubb has signed a 15 year bancassurance agreement with Singapore-based bank DBS.
Digital and Insurtech Awards 2017: Shortlist revealed
The shortlist has been announced for the Digital and Insurtech Awards 2017.
Pen Underwriting signs £150m capacity deal with Zurich
Exclusive: Pen Underwriting has signed a £150m long-term capacity deal with Zurich in the area of hazardous and tanker transportation.
More cost cutting for Lloyd’s, says CFO
Lloyd’s of London will remain focused on cutting costs, as the market continues to face pressure from mounting operating costs.
Digital Fineprint launches second funding round
Exclusive: Insurtech firm Digital Fineprint is negotiating a second funding round, as it gears up to release results for its first year of operation.
Marsh brings three networks together under single leadership
Marsh has brought the three networks it owns under a single leadership.
McVitie’s factory ‘resilient’ should future storms hit: RSA
RSA has worked with McVitie’s to install flood defences in its Carlisle factory following the devastation caused by Storm Desmond, to protect against any future flooding in the area.
Applied Net 2017: Applied System's Tam platform to run until migration to Epic is complete
Applied System’s Tam broker platform will run alongside its new release Epic until its customer base has fully migrated.
Applied Net 2017: Applied Systems 'not averse' to UK acquisitions
Applied Systems is "not averse" to potential acquisitions as it rolls out its Epic platform in the UK.
Lloyd’s sees 16% profit slip from ‘challenging’ conditions
Lloyd’s has seen a 16% fall in its pre-tax profits owing to “challenging” market conditions, its CEO said.
Chubb appoints Louisa Lombardo as head of diversity and inclusion of Europe, Eurasia and Africa
Chubb has appointed Louisa Lombardo as head of diversity and inclusion of Europe, Eurasia and Africa.
Charles Taylor win delegated authority contract from LMG
Charles Taylor InsureTech has been named as the London Market Groups preferred vendor for its delegated authority data project.
Intangible risk cover is the future says Pool Re CEO
The future of insurance cover lies in intangible risks, a conference of claims professionals has heard.