News
AA launches joint venture in connected car software
The AA has announced an international partnership to develop connected-car technology.
Panes to join McLarens from Crawford
Chris Panes, formerly CEO of Asia for Crawford, is leaving the loss adjuster to join rival McLarens in February.
Chaucer Insurance gets fresh look as Zenith Marque
Chaucer Insurance will be re-branded as Zenith Marque from March following Markerstudy’s acquisition of its UK motor business.
Chaucer Syndicates promotes five in executive reshuffle
Chaucer Syndicates has announced five leadership promotions including naming Bruce Bartell as deputy CEO.
IIS top award for Bermuda-based "trailblazing" CEO Kramer
The International Insurance Society will give its top honour to Donald Kramer, chairman and CEO of Bermuda-based ILS Capital Management.
Willis chief Rowan Douglas awarded CBE in New Year's Honours list
Willis boss and Artemis co-founder Rowan Douglas has been awarded a CBE for service to the economy through risk, insurance and sustainable growth in the New Year’s Honours list.
Ex-DLG MD and Flood Re boss takes reins at Premium Credit
Tom Woolgrove, former managing director of UK personal lines at Direct Line Group, will become Premium Credit CEO this month, replacing Andrew Doman.
Storms' insured loss estimate increases to £1.4bn
Latest estimates from accounting firm PWC suggest insured losses from storms Desmond, Eva and Frank, which battered the UK in December 2015, could reach £1.4bn as Prime Minister David Cameron yesterday (3 January) pledged £40m to repair and improve flood…
Lime Street acquires Houlder Insurance Services
Lloyd’s broker Houlder Insurance Services has been picked up by Sande Investments, which owns Lime Street Brokers, as Houlder’s parent company decided to exit the London Market.
Market Moves - 24-31 December 2015
Find out who has been among the insurance industry's movers and shakers over the festive period.
LSM expands casualty presence in Germany
Liberty Specialty Markets has improved its German position, appointing a four-strong casualty team in Cologne.
AIG's Baldwin takes on UK CEO role following McNamee exit
AIG Europe CEO and board director Anthony Baldwin has been appointed CEO of AIG in the UK.
Acquisition of French broker Gras Savoye finalised
Willis Group has completed its acquisition of French insurance broker, Gras Savoye.
LV enters legal landscape alongside Lyons Davidson
LV has become the latest insurer to launch a legal offering after teaming up with law firm Lyons Davidson to unveil LV Legal Services.
Barbican Insurance group merges capabilities into single brand
Barbican Insurance Group has launched Barbican Protect, which brings together the underwriting expertise and service capabilities of Barbican Underwriting Limited, PI Protect and Barbican Channel Islands into a single brand.
Reinsurance pricing floor remains elusive at 1 January renewals
Despite the signs of pricing stabilisation in peak property catastrophe zones at the June/July 2015 renewals, the forecasts for a “softening in the softening” in reinsurance pricing have proved illusory, according to Willis Re.
Airmic urges a 'pragmatic and flexible' approach for corporate customers following flooding
The current flooding in the north of England has underlined the need for businesses to buy insurance that is fit for purpose, and to support it with effective crisis planning according to the Association of Insurance and Risk Managers.
Insured catastrophe losses were $27bn in 2015, says Munich Re
Insured natural catastrophe losses were $27bn (£18.3bn) in 2015 down from $31bn in 2014 and an average of $34bn over the past 30 years according to reinsurance giant Munich Re.
Di Meo leaves Italy for Generali Asia broker role
Giovanni di Meo has left his marketing role at Generali global corporate and commercial in Milan for a broker leadership role in Asia.
Penny Black's New Year 2016
As the insurance industry rings in the New Year, Penny Black asked commentators how they like to celebrate and what resolutions they will be making for 2016.
EY predicts busy 2016 for insurers with SII implementation
Professional services firm EY has warned insurers and regulators to prepare for a busy 2016 as companies start to embed the Solvency II Directive.
Penny Black's Ghost of Christmas Keys
Last year at Keycare alone, 25 claims were made on Christmas Day for lost keys. Penny wonders if the ghosts of Christmas Past, Present or Future were involved.
More rainfall predicted as Cunningham Lindsey calls in international team to help cope with Storm Eva claims
A team of specialist property adjusters, from Cunningham Lindsey's overseas offices in Canada, New Zealand, Australia and South Africa, will be arriving in the UK from 5 January 2016 to boost the firm's expert technical resources.
Penny Black's Christmas disasters 2015
Penny Black has asked insurers to share their stories of Christmas disasters. Loss adjusters have also told her about their most festive business claims.