News
Brexit uncertainty to curb European insurance M&A
The political uncertainty surrounding Brexit will reduce merger and acquisition deals in Europe, according to AM Best.
Chubb makes senior appointments in Asia-Pacific
Global property and casualty insurer Chubb has bolstered its team in Asia-Pacific.
Asia M&A deals surge in Q1
There was a significant number of merger and acquisition transactions over $100m (£80.5m) completed by Asian companies in the first quarter of 2017 according to consultancy and broker Willis Towers Watson.
Obituary: Neil Mills, ‘the Pope’ of Lloyd’s
Neil Mills, a well known insurance broker known as the “the Pope” at Lloyd’s of London, passed away on 3 March aged 93.
Crash for crash gang sentenced to over 33 years following IFB investigation
A crash for cash gang have been sentence to over 33 years for carrying out a fraud that had the potential cost of £500,000.
Building Block expands into Spain
Malta-based Building Block has signed an agreement with broker Slora to sell gadget insurance in Spain.
Post People: 10 - 14 April
The latest people moves in the industry.
Ghost broker sentenced after 22 counts of fraud
A ghost broker has received a suspended sentence of 16 weeks in prison after putting drivers at risk by setting up false insurance policies.
Suncorp returns to central Christchurch
After working in temporary offices since the Christchurch earthquake in February 2011 Suncorp has returned to the heart of the CBD.
Chairman of China's insurance regulator under investigation
Xiang Junbo, chairman of the China Insurance Regulatory Commission, is under investigation by the Communist party's anti-corruption unit.
Willis Towers Watson CFO Millay to retire
Willis Towers Watson’s chief financial officer Roger Millay is to retire in October.
Terrorism and political risk threat increases worldwide
Businesses with domestic and international footprints face an increasing threat of terrorism risk as Western countries experience a sharp increase in such attacks, according to risk analysts.
Tech-driven commercial insurance broker Konsileo enters market
Tech-driven commercial insurance broker Konsileo has entered the market and is in the process of recruiting mid-market brokers.
Barbon appoints Mark Witherspoon as non-executive director
Barbon Insurance Group has appointed Mark Witherspoon as non-executive director, subject to the usual regulatory approval.
M&A insurance growth undeterred by Brexit uncertainty, says JLT
The demand for mergers and acquisitions insurance remains strong despite fears that Brexit uncertainty may hinder growth, according to JLT.
Nat cat losses cost insurers over $2bn in March alone, says Aon
Global natural disaster events could impact insurers with a $2bn (£1.6bn) hit over March, according to impact forecasting from Aon Benfield.
Motor premiums have gone up by 9.4% and are set to keep rising
Car insurance has rocketed by 9.4% to an average of £661 and this is set to increase due to the decision to lower the discount rate.
Crash for cash fraudster sentenced to two years
A crash for cash fraudster who staged accidents in Kent has received a two year prison sentence after being found guilty of conspiracy to defraud.
Ping An invests $1bn a year in technology
Chinese banking and insurance group Ping An is investing around 1% of revenue or $1bn (£800m) a year in technology.
Startup Trov secures $45m for expansion efforts
On-demand insurance provider Trov has secured $45m (£36m) of investment for its global expansion efforts.
RMS expands cyber risk models to include physical damage
RMS has expanded its range of cyber models to include cyber physical models to help insurers weigh up the cost of risk.
Plum high net worth home insurance to include cyber cover
Plum underwriting has included cyber and data risks cover into its high net worth and mid net worth home insurance products.
Open GI buys rival software house Transactor
Open GI has acquired rival software house Transactor in a deal valued at £40m.
Lloyd’s confirms Council and Franchise Board appointments
Lloyd’s has appointed Gregory Fleming and Patricia Jackson to the Council of Lloyd’s and the Franchise Board respectively.