News
Higos marks third acquisition with Mellerups
Higos has acquired shooting and field sports specialists, Mellerup’s General Insurances, for an undisclosed sum.
Hiscox reports hardening in market due to catastrophes
Hiscox's London market business will increase its capacity by £450 million to £1.6 billion in anticipation of a market turn due to major catastrophe losses.
Aon New Zealand sued again over Canterbury earthquakes
Christchurch City Council is attempting to recover NZ$528m (£278m) from Aon New Zealand in a dispute over the global broker's handling of 2010-11 Canterbury earthquake claims.
Spaven takes on South East Asia financial lines role at AIG
US-headquartered global insurer AIG has given Scott Spaven, head of client and broker engagement for Singapore and South East Asia, additional responsibilities.
McLarens hires in Australia
Global loss adjuster McLarens has expanded its construction and natural resources team in Australia.
FCA to launch wholesale insurance market study this week
The Financial Conduct Authority is preparing to launch a market study into wholesale insurance this week.
Thatcham sets out driverless cars assessment criteria
Thatcham Research has set out a list of criteria to assess cars marked as “autonomous” or “driverless”.
Russell Boneham joins Vizion as partner
Recently founded broker Vizion has appointed Russell Boneham as a partner.
Failure to innovate now within top five risks facing EMEA financial institutions
Failure to innovate and embrace new technologies is within the top five risks facing financial institutions, with 24% saying they had suffered a financial loss in the last 12 months due to this factor.
Bollington merges with Wilsons Insurance Brokers
Bollington has merged with Wilsons Insurance Brokers after securing investment funds from private equity firm Inflexion.
Zurich makes senior property and energy appointments in Singapore
Zuich Singapore has made two senior appointments for its Asia-Pacific property and energy divisions.
Berkshire Hathaway hit for $3bn from Q3 natcats
Berkshire Hathaway's reinsurance and insurance division is in the red for underwriting in 2017 after a string of major natural disasters.
Cyclone Debbie insured losses reach A$1.57bn
Powerful Cyclone Debbie has become Queensland's costliest cyclone and Australia's second-most expensive for the insurance industry.
Peter Mungeam appointed managing director of r10
Consultancy firm r10 has appointed Peter Mungeam as managing director.
Chubb and Lockton in the firing line over ‘murder insurance’
Chubb and Lockton have been targeted by anti-gun campaigners for providing what is described as “murder insurance” to gun owners.
This month in Post: How long before the first woman in insurance says #MeToo?
It is an ugly truth that almost every woman who has worked in insurance for some time has a story about sexual discrimination.
Lack of AR oversight putting customers at risk, FCA warns
Insurance companies may be putting customers at risk by not undertaking sufficient due diligence on their appointed representatives.
Brit and Allied World slammed by Q3 natcats
Fairfax-owned insurers Brit and Allied World posted poor combined operating ratios for the third quarter of 2017.
AIG posts huge third quarter loss
Global insurer AIG has had a punishing third quarter after needing to boost reserves for 2016 losses and dealing with the recent hurricanes in the US and Caribbean.
CII publishes its gender pay gap information ahead of deadline
The Chartered Insurance Institute has disclosed its gender pay gap information ahead of the April 2018 deadline.
Insurers must harmonise claims and underwriting to tackle fraud
Insurers must de-silo their underwriting and claims departments if they are to effectively tackle fraud, an audience heard.
Insurers have 'responsibility to stakeholders' to employ fraud tackling tech
Insurers have a responsibility to their stakeholders to employ technology in the fight against fraud, an audience heard.
Irish regulator seeks Brexit contingency plans from insurers
Ireland’s insurance regulator has raised concerns over contingency planning of the sector in the run-up to Brexit.
Motor fraudsters moving over to holiday illness claims, IFB confirms
Fraudsters operating in the motor space are moving across to fraudulent gastric illness claims abroad, an audience heard.