News
Target Global backs Financefox with largest ever European insurtech round
Insurtech app Financefox has revealed that it has raised $28m (£21.6m), the largest insurtech round in Europe to date, led by Target Global and Horizons Ventures.
Ex-LV employee charged for passing information to CMC in return for bribe
An ex employee of LV has been charged with accepting a bribe from a claims management company in order to leak confidential information.
Saga sees no 'impact' from Brexit as it posts 8.5% increase in profit
Saga has seen “no discernible impact” from Brexit as it posted an 8.5% increase in pre-tax profit.
XL Catlin promotes Chambers to Hong Kong country manager
XL Catlin has promoted Jamie Chambers, the insurer's Asia-Pacific aerospace leader, to head its Hong Kong office.
Zurich combines global corporate and commercial divisions
Zurich's global corporate business is to be merged with its other commercial operations to create a division called commercial insurance.
Arthur J Gallagher accuses former CEO of 'poaching' account executive
Arthur J Gallagher is an "over-anxious former employer chasing shadows", lawyers for Aston Scott said in case bought against the broker at the High Court.
Applied Net 2016: Connected systems could increase insurers' ability to 'cross-sell' products
Technology is currently having the most impact on the insurance industry and customers are more likely to engage with insurance services via apps and websites.
Global Risk Partners acquires SLK
Global Risk Partners has announced the acquisition of commercial and personal insurance broker SLK General Insurance Services.
Bupa Global appoints Sheldon Kenton as MD
Bupa Global has announced the appointment of Sheldon Kenton to managing director.
Sure Thing to launch underwriting arm
Insurance broker Sure Thing will launch its own underwriting arm within the next year.
Skipton and Legal & General sign five year distribution deal
Skipton Building Society and Legal & General have announced a five year general insurance distribution agreement.
Applied Net 2016: Insurers need to find new way of innovating to contend with Millennial threats
Voice recognition and video interfacing could be the two next best things in insurtech and could help to increase customer engagement in the insurance market place.
Insurance industry needs to up its drive to recruit Millennials
Insurers have been urged to widen their hiring scope so they can reel in a new generation of professionals.
Huge opportunity for insurers to diversify offerings, says Bain
Insurers have a huge opportunity to sell insurance related products according to customer research conducted by consultancy Bain and Research Now.
Insured losses of Louisiana floods to cost at least $8.5bn, says AIR Worldwide
According to catastrophe modeling experts AIR Worldwide the recent devastating flooding in Louisiana will cost the industry between $8.5bn (£6.1bn) and $11bn.
Aston Scott plans ‘vigorous’ defence over Gallagher staff poaching allegations
Aston Scott has said it will “vigorously” defend itself of allegations of staff poaching in a case brought by Arthur J Gallagher.
Lloyd's: 90% of major firms hit by cyber attacks
Nine in ten big businesses have suffered a major cyber-attack in the past five years but less than half are worried about suffering another breach in the future, a survey has found.
Tech advancement in cars 'is pushing up claims costs'
The increasing likelihood of cars to have advanced safety features may be pushing up the cost of claims for motor insurers.
Slater and Gordon to claim against Watchstone over professional services acquisition
Personal injury law firm Slater and Gordon is set to make a claim against Watchstone Group, in relation to the law firm’s acquisition of Watchstone’s professional services division last year.
Advent launches 'bespoke' underwriting unit
Lloyd’s insurer Advent has announced the launch of a bespoke products underwriting unit.
LV examining product lines at a 'forensic level' following H1 results
LV will be examining their product lines at a "forensic level" to increase profitability following its H1 results.
Ex-Quindell boss buys back offloaded property company
Former Quindell founder Rob Terry has bought back the property maintenance business the group sold for £1 in January.
Gable in u-turn over plan to delist from AIM
Troubled insurer Gable has performed a u-turn on its plan to delist from the stock exchange.
#postpeople 19 - 23 September
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