News
Senior redundancy at R&Q as group moves to simplify structure
Randall & Quilter has made a string of senior management changes as it looks to simplify its group structure.
MS Amlin establishes Bermudian reinsurer
MS Amlin has established a special purpose reinsurer in Bermuda to provide collateralised capacity support for its reinsurance portfolio.
![CEO Erik Abrahamson [front far right] and Digital Fineprint raise £2m](/sites/default/files/styles/landscape_480_296/public/2018-01/Digital%20Fineprint%20team%20photo.jpg.webp?itok=TIOIEttH)
Digital Fineprint CEO hails 'insane' year after £2m investment
Insurtech start-up Digital Fineprint has closed a second ‘venture’ investment round by raising $2.7m (£2m) lead by a firm that includes Nutmeg and Fan Duel among its portfolio.
Iranian oil tanker ablaze in East China Sea
Two ships colliding off the coast of China has left 32 crew members missing according to the Chinese government.
XL Catlin appoints energy and construction Asia-Pacific leader
Global insurer XL Catlin has recruited from rival QBE for a senior Asia-Pacific role.
QBE settles class action lawsuit for A$132.5m
Australian insurer QBE has settled a class action shareholder lawsuit for A$132.5m (£76.7m).
Generali appoints Hong Kong CEO
Global Italian insurer Generali Asia has appointed a CEO in Hong Kong.
Amazon to participate in funding round for Indian insurtech - reports
Amazon is closing an investment in Indian insurtech start-up Acko, according to reports.
Stackhouse Poland acquires Caprica Healthcare
Stackhouse Poland has acquired Caprica Healthcare.
Premium Credit appoints Duncan Gray as chief information officer
Premium Credit has appointed Duncan Gray as chief information officer.
Cardinus CEO Andy Hawkes named IIRSM president
Cardinus Risk Management’s CEO Andy Hawkes has been elected president of International Institute of Risk and Safety Management.
Ten opens personal lines department in Sutton Coldfield
Ten Insurance Services has launched a personal lines department, based in Sutton Coldfield.
This month in Post: Power, transformation and the rise of the machines
This month, Post casted a musing eye over the year ahead. With Brexit negotiations still waging, the new General Data Protection Regulation coming into effect and Ogden reforms still looming over the industry, 2018 is set to be a busy year.
Cat bond issuance reaches $10.5bn in 2017
Catastrophe bond activity set a new record last year with full-year 2017 cat bond issuance totalling $10.5bn (£7.75bn), according to Property Claim Services.
Perils revises Xavier loss estimate
Cyclone Xavier, which hit Germany in October last year, is estimated to have cost insurers €325m (£289m).
PCS to launch terrorism risk model
Property Claim Services is to launch a specialty lines loss aggregation solution for terror in the first quarter of 2018.
Beazley partners with Just Travel Cover on traveller terrorism fears
Beazley and Just Travel Cover have joined forces to cover travel disruption caused by an act of terrorism.
Charles Randell appointed as chair of FCA
Charles Randell has been appointed chair of the Financial Conduct Authority, replacing John Griffith-Jones.
Penny Black's social world: January 2018
Hot coffee, hampers and a heroine
Ageas and Tesco Bank in U-turn over Liverpool car park fire
Ageas and Tesco Bank have said they will refund any excesses paid by car-owners in relation to the Liverpool car park fire, amid widespread anger from customers.
Holiday claims firm in liquidation after being stripped of license
A claims firm which had its license revoked after encouraging holiday makers to fabricate gastric illness claims has been placed in liquidation.
Claims firm boss fined for 'unusual' attempt to buy number plate
The director of an accident claims company has been fined for going to extraordinary lengths to buy a private number plate.
Insured cat losses hit record $135bn in 2017, says Munich Re
The final insurance bill for natural catastrophes over 2017 is expected to come to $135bn (£99.6bn) – higher than ever before, according to Munich Re.
Saga names Gary Duggan CEO of retail broking arm
Saga has named Gary Duggan as CEO of its retail broking arm Saga Services.