News
Halo to offer car hire excess insurance to Italian market
Insurtech broker Halo Insurance Services has expanded into the Italian market by offering car hire excess insurance policies.
Penny Black's Social World - May 2017
Data disciples, dangerous desserts and Dames with daschunds
Lancashire Holdings sees GWP fall in the first quarter
Lancashire Holdings saw a 22% drop in net operating profit in the first quarter of 2017, down to $25.2m (£19.56m) from $32.4m for the same period in the previous year.
PIB chooses Ignite as its broking systems provider
PIB has chosen software provider Ignite as its broking systems provider for its personal lines business.
Beazley to open Barcelona office in Europe expansion
Beazley has launched its Europe expansion with the opening of a Barcelona office.
Esure scales back home insurance growth due to 'challenging conditions'
Esure has decreased its home book by 4.5% as a result of "challenging" market conditions.
RSA reports £40m Ogden charge
RSA has reported a £40m net charge due to the change in the recent Ogden rate and a growth in its premium income in Q1 2017.
Swiss Re's Q1 profits hit by Cyclone Debbie
Swiss Re's first quarter 2017 after tax profits fell 53% compared with Q1 2016 to $656m (£511m) after a $350m hit from Cyclone Debbie.
Finch acquires third business in five months following Broker Network buy out
Finch Group has made its third acquisition since itself being bought out by Broker Network.
Editor's comment: Surprise!
I probably wouldn’t make a very good insurer or broker as I love a good surprise and I deal quite well with change.
QBE to apply for European licence outside the UK
Australian giant QBE is planning to apply for a European passporting license outside of the UK as a result of Brexit.
AIG returns to Q1 profit despite poor COR performance
Global P&C and life insurer AIG bounced back to profit in the first quarter of 2017 despite some poor underwriting performances.
Towergate backers buy private medical broker Chase Templeton
Nevada Investments, the investment vehicle set up by HPS Investment Partners and Madison Dearborn Partners will buy medical broker Chase Templeton from Palatine Private Equity.
PIB Group makes two senior hires
PIB Group has appointed Jon Stanley as group chief risk officer and Andy Tedstone as broking and placement director.
Direct Line reports growth of its its motor book in Q1 despite Ogden cut
Direct Line has grown its motor book by 11.2% in the first quarter, compared to the same period last year, despite taking a £230m blow from the discount rate reduction.
Allianz Group sees profit rise by 9%
Allianz Group has seen operating profit rise by 9% in the first quarter, from the same period last year.
Roundtable: ADAS and the next step to driverless cars
Autonomous vehicles, drones and cyber innovation have been hogging much of the discussions as to how insurers can prepare themselves for the technology of the future. What can easily be overlooked is the complex technology that already exists in the…
Liberty rebrands specialty division following Ironshore purchase
Liberty Mutual Insurance has completed the purchase of Bermuda-headquartered $2.2bn (£1.7bn) gross written premium specialty insurer Ironshore.
Carole Nash appoints ex-Google employee to chief digital officer
Carole Nash has appointed ex-Google employee Hein Kuiper to the newly created role of chief digital officer.
Price comparison websites lack clarity over pricing, report shows
Price comparison sites are not giving enough clarity over pricing, with premium prices differing between each site for the same insurer.
Arthur J Gallagher appoints Simon Green as non-executive director
Arthur J Gallagher has appointed Simon Green as independent non-executive director, subject to regulatory approval.
Broker Network acquires Scottish broker Boyd Insurance
Broker Network has acquired regional Scottish broker, Boyd Insurance, marking its second acquisition.
Insurtech investment falls by 64% in Q1, says Willis Towers Watson
Investment in insurtech has fallen by 64% in the first quarter of 2017 compared with the same quarter last year according to global broker consultancy Willis Towers Watson.
Post People: 02 - 05 May
The latest people moves in the insurance industry.