News
Innovation in Insurance 2017: Allianz UK plans to become 'digital by default'
Allianz will look to introduce further use of portals and big data over the next year in order to become more digitally driven, a conference heard.
Innovation in Insurance 2017: Tech investment 'only set to grow'
Insurers are putting increasing capital into technology as a means of getting around the lack of agility in existing business models, a conference heard.
GRP takes aim at bloodstock with Anglo-Hibernian acquisition
Global Risk Partners has bought Newmarket-based bloodstock broker Anglo-Hibernian for an undisclosed amount.
Danish insurer Tryg to buy Alka for £1bn
Denmark’s largest insurance company Tryg is to buy competitor Alka Forsikring for 8.2bn DKr (£1bn).
Ingenie appoints Wunelli boss Cavanagh as CEO
Telematics broker Ingenie has appointed Wunelli managing director Selim Cavanagh as CEO.
Compre CEO to step down
Compre’s Nick Steer will step down as CEO of the business, effective from March 2018.
Government must solve passporting rights, says FCA CEO
The government must solve the problem of passporting rights to secure the future of the insurance sector after Brexit, the Financial Conduct Authority’s CEO has warned.
Allianz could face £32m bill from Airlander 10
The owner of an experimental zeppelin nicknamed ‘the Flying Bum’ will submit an insurance claim for up to £32m to its insurer Allianz.
Young Hongkongers very concerned about climate change, says MS Amlin
Research undertaken by global (re)insurer MS Amlin suggests the majority of 18 to 35 year olds in Hong Kong are worried about climate change.
Mapfre to consolidate EMEA and Asia-Pacific businesses
Spanish insurer Mapfre is exiting five US states and consolidating its EMEA and Asia-Pacific businesses.
Coverys gains Lloyd’s nod on med-mal Syndicate 1975
Boston-based medical malpractice insurer Coverys has received in principle approval from Lloyd’s to launch Syndicate 1975.
Insurers call for tougher rules as government launches home building plan
Insurers have called for tough new building regulations as the government plans to create thousands of new homes a year.
Take part: 2018 cyber research
For Insurance Post's first research project of 2018, we're delving into the world of cyber.
Industry reacts to proposals on discount rate
The insurance industry has reacted to the Justice Committee’s proposals on discount rate reform.
MPs call for ‘evidence-based’ revision of discount rate
If the government revises the discount rate next year it should carefully consider the impact on the disadvantaged, a Parliamentary committee has warned.
Industry welcomes ILS legislation approval
The insurance sector has welcomed the decision taken yesterday by the Delegated Legislation Committee in Parliament to allow proposed insurance-linked securities regulations to pass.
Dave Gill appointed to head of operations at Allianz UK
Allianz UK has appointed Dave Gill to head up all of its specialty operations including Petplan.
Aviva is targeting higher growth and preparing for bolt-on acquisitions
Aviva is upgrading its targets for earnings growth, cash and dividend in order to make bolt-on acquisitions and pay off debt.
Australian government sets-up inquiry into financial sector
The Australian government has announced a high level inquiry, known as a Royal Commission, into Australia's financial services sector.
China's general insurers and reinsurers told to hire chief actuaries
China's regulator the China Insurance Regulatory Commission has asked the country's 84 non-life insurers and 12 reinsurers to each hire a chief actuary by 1 January 2020.
Controversial motorcyclist injury claim ‘could spark more lawsuits’
A man who knocked down and killed a pedestrian was able to claim injury compensation from the victim’s motor insurance policy in a landmark legal case.
Lloyd’s pays $1.7bn for Harvey, Irma and Maria
The Lloyd’s market has paid claims worth $1.7bn in response to windstorms Harvey, Irma and Maria.
AA sells its emergency home cover business to Homeserve
Homeserve has bought the emergency home cover book from AA for an undisclosed sum.
Simply Business poised for further international expansion
Simply Business is poised for further international expansion seven months on from its acquisition by Travelers.