News
Simply Business dedicated to growing UK headcount following Travelers acquisition
Simply Business remains committed to growing staff levels in the UK following its acquisition by Travelers.
Travelers acquires Simply Business for $490m
Travelers has agreed to acquire Simply Business from Aquiline Capital Partners for approximately $490m (£401m).
CII teams up with UAE Insurance Authority
The Chartered Insurance Institute has entered into a partnership with the United Arab Emirates Insurance Authority in a move to boost professionalism in the UAE insurance sector.
Group CEO of HBH and Tysers stands down
Chris Elliott, group CEO of Hawkes Bay Holdings and its subsidiary Tysers, has stood down.
Chubb partners with low-cost airline to broaden European travel cover
Chubb has expanded its travel cover offering by signing an agreement with low-cost airline, Wizz Air.
Minster Law to close York office
Personal injury firm Minster Law will close its York office and offer the approximately 300 affected staff positions in Wakefield, although some site-specific roles will no longer be required.
Fiducia boosts marine cargo MGA with senior underwriters
Marine cargo managing general agent Fiducia has appointed Angela McCluskie and David Heeney as underwriters.
Post People: 13 - 17 March
This weeks people moves from the insurance industry.
Insurers playing insurtech catch-up in Asia, says Baker McKenzie
Insurers are playing insurtech catch-up compared to their financial services' peers in Asia says a leading law firm.
AIA's Tucker to join HSBC
Mark Tucker, group CEO and president of Hong Kong-headquartered AIA, is leaving the Asia life insurer to join international banking group HSBC.
Digital Insurance Collective: AI poses threat to insurance jobs
The financial services industry is at risk of experiencing a job shortage due to the rise of artificial intelligence and related technology.
Brightside sues co-founder
Brightside is suing its co-founder Paul Chase-Gardener.
US and Australian storms hit insurers with more than $1bn bill for February
An early start to the severe weather season has resulted in a $1bn (£820m) insurance toll in Australia and the United states, according to an Aon catastrophe report.
Esure unveils plan to ride out reinsurance rate rises
CEO also says business will 'shrink' home portfolio
Lack of data access holding back fight against fraud
Changes to Irish claims laws are cutting down on fraud and the rising levels of awards but the lack of insurer access to driver data is holding the industry back, a top judge has said.
UK regulators must actively support market on Brexit: Aubert
The UK's regulators need to actively promote London as a key insurance market, the chairman of the London Market Group has said.
Charles Taylor completes integration of Cega
Charles Taylor has completed the integration of medical and travel claims firm Cega into the wider group.
Esure profits up 18% despite taking a battering in home market
Esure has seen profits rise by 18% despite losses in its home segment from weather claims.
Fitch issues gloomy warning for company market in wake of Ogden rate changes
Fitch has issued a gloomy warning for the UK non-life company market this year in the wake of the Ogden rate cut.
AIG CEO Peter Hancock steps down over eroding shareholder support
AIG CEO Peter Hancock, has resigned, citing a lack of “wholehearted shareholder support”.
Aviva to focus on cost-cutting in wake of restructure
Aviva will look to make cuts in areas of the business that overlap following the recent restructure.
Dominick Hoare replaces Jardine on Lloyd’s Council
Dominick Hoare, chief underwriting officer for the Munich Re Syndicate has been elected to the position of corporate-external member to the Council of Lloyd’s.
ICO fines nuisance call firm using customer data from brokers
A Hampshire company that made 22 million nuisance calls has been fined £270,000 by the Information Commissioner’s Office.
Government must 'fight fire with fire' over Brexit business
The UK government needs to "fight fire with fire" when it comes to keeping business within the City of London during Brexit negotiations.