News
Biba calls on the FCA to address rising regulation costs
The British Insurance Brokers’ Association has called on the Financial Conduct Authority to address the cost of regulation on small brokerages.
Broker fined £30,000 by ICO is wound up a month later
A broker that was fined £30,000 for sending thousands of spam text messages has been dissolved.
French app-based start-up joins insurtech incubator programme
App-based insurtech start-up Cbien has joined as one of the 10 firms on Startupbootcamp’s 2017 programme.
Nick Lock appointed as head of property claims at Allianz
Nick Lock has been appointed as the new head of property claims at Allianz, following David Watkins’ retirement from the company.
Frontier partners with Taiping for One Belt One Road
Hong Kong-headquartered security company Frontier Services Group has agreed a partnership with Taiping General Insurance.
Piggot replaces retired Reeves at Crawford
Former Gen Re claims manager Geoff Piggot has been named as CEO of Crawford Global Technical Services.
Asia C-suite panel bullish on insurance innovation
Senior executives from some of Asia's largest insurers have shared their vision for insurance innovation at the Asian Financial Forum 2017.
Bharti Axa GI promotes Srinivasan to CEO
Bharti Axa General Insurance has promoted chief commercial and principal officer Sanjeev Srinivasan to CEO and managing director.
LV swaps 'outdated' manual process for digital subrogation portal
LV has swapped its ‘outdated’ manual process for subrogated claims for a new digital portal.
Smallman joins National Windscreens board
National Windscreens has appointed John Smallman to its board of directors.
Industry reacts to Prime Minister's Brexit speech
The industry considers the impact of leaving the Single Market.
NHS trust hit by cyber attack
England’s largest NHS trust has launched an investigation into a cyber attack that forced systems to be taken offline as a precautionary measure.
Digital Fineprint to join Accenture's fintech incubator
Insurtech start-up Digital Fineprint has been chosen to take part in Accenture’s Fintech Innovation lab.
UK to leave single market, Prime Minister confirms
Theresa May has confirmed that the UK will be leaving the single market, but will negotiate for a free trade agreement for financial services.
Global catastrophe losses rise to highest levels in four years
With insured losses totalling $54bn (£44bn), global natural disasters in 2016 combined to cause the highest economic losses in four years, according to a new report from Aon Benfield.
Novae names Patel as CFO
Novae has appointed Reeken Patel as group chief financial officer and executive director.
Jonathan Turner appointed CEO of Pen Underwriting
Jonathan Turner has been appointed as the new CEO of Pen Underwriting, taking over from Mark Armitage.
Half of industry expects economy to deteriorate this year
Nearly half of those working in the insurance sector expect the economy to deteriorate this year.
Whiplash legislation ‘will commence’ later this month, minister says
The government will start drawing up legislation on whiplash reform this month, a finance minister said.
Klimczak swaps Allianz for XL Catlin in Singapore
Former Allianz Global Corporate Specialty senior marine risk consultant Jarek Klimczak has been appointed marine risk engineer for Asia-Pacific at rival XL Catlin.
Biba launches its 2017 manifesto
The British Insurance Brokers’ Association has called for the government to commit to no further increases to Insurance Premium Tax and to negotiate for single market access in the EU exit.
Flood Re appoints Andy Bord as interim CEO
Flood Re has appointed Andy Bord, former managing director of BGL Group, as interim CEO.
Tailored policies and cyber set to influence market in 2017
Tailored insurance for new professions, cyber policies for SMEs, and the FCA’s consultation on the Financial Services Compensation Scheme are three key trends expected to influence the insurance market over 2017.
Half of insurers to make digitally-driven acquisition in next three years
Almost half of insurers expect to make an acquisition over the next three years in order to acquire digital technologies.