News
Q3 hurricanes to cost Zurich $700m
Switzerland-headquartered global insurer Zurich is estimating its costs from three giant hurricanes that hit the US and Caribbean at $700m (£530m).
Industry calls for driverless cars bill to be 'straightforward'
Insurers have called for laws on driverless cars to be "as straightforward as possible".
Outdated fire regulations putting lives at risk, says ABI
The Association of British Insurers has called for a change to fire safety regulations asking for a clearer framework of responsibility for all those in the protection of buildings from fire.
Pet insurance market breaks £1bn mark in GWP
The UK pet insurance market has continued to see significant growth, breaking the £1bn mark in gross written premiums for the first time in 2016.
Novae adopts Axis brand as deal is completed
Axis has completed its acquisition of Novae, which will be merged into the Bermudan-insurers brand.
Ophelia insurer could face claims of up to £10m
Storm Ophelia could lead to claims costing NFU Mutual £5m - £10m.
Towergate broker RV Wallis in office move
Towergate-owned broker RV Wallis has moved to a larger office in Solihull, however there are no redundancies planned as a result of the move.
XL Catlin to buy 20% of Indian broker
Global insurer XL Catlin is to buy a 20% stake in an Indian insurance broker.
Honan buys Singapore subsidiary of NGA Human Resources
Honan Asia has bought Singapore-based employee benefits broker NGA Benefits for an undisclosed sum.
FERMA 2017: Risk managers warned cyber is a business risk with no boundaries
Sabine Coessens, operational risk manager, Proximus, urged risk managers to return to their offices, check all their policies for cyber cover and get a standalone policy.
Intangible risks affecting businesses could force the insurance market to restructure, says WTW's Aubert
Nicolas Aubert, head of Willis Towers Watson GB, has suggested that the insurance market consider its fundamental structure as the number of intangible risks facing businesses shows no sign of abating.
European Commission urged to delay Insurance Distribution Directive
The ECON committee of the European Parliament has called on the European Commission to delay the application of the Insurance Distribution Directive.
Policy Castle to offer discounts to customers using smart home devices
Digital insurance platform, Policy Castle will be offering discounted home insurance premiums if they have connected devices installed in their home.
BP Marsh sees profits double from asset sales
Insurance-sector investor BP Marsh saw profits more than double to £10.2m in the six months to 31 July.
Insurance United Against Dementia: Swiss Re UK CEO O'Neill on why tackling Alzheimer's is important
Cycling up mountains is a pretty extreme way to spread the word about the work of Alzheimer’s Society far and wide.
Storm Ophelia kills three in Ireland and leaves 360,000 without power
A powerful storm hit Ireland and Northern Ireland yesterday leaving a trail of damage and three dead before reaching England, Scotland and Wales today.
FERMA 2017: Risk managers ‘frustrated’ that insurance isn’t evolving fast enough
The president of the Federation of European Risk Managers Associations has voiced members' feelings of dissatisfaction that their insurers are not keeping up with the fourth industrial revolution.
Ageas appoints Robin Challand as claims director
Ageas has appointed Robin Challand as director of its claims service.
CII sells historic £19m Aldermanbury office
The Chartered Insurance Institute will sell its £19m Aldermanbury offices to the City of London Corporation.
Use of dashcam footage in claims nearly triples in two years
The use of dashcam footage in car accident claims has risen by 285% in the past two years.
Cyber risk tops corporate risk agenda in preparation for GDPR
Cyber risk has reached the top of the corporate agenda as the implementation date of the General Data Protection Regulation draws nearer.
Markerstudy launches ‘life hack’ app Trice
Markerstudy has launched a “life hack” multi-lines direct app, in partnership with RDT.
FERMA 2017: Charismatic leaders could be a firm’s biggest risk
Risk managers have been urged to recognise that business leaders can be a firm’s biggest risk.
FERMA 2017: Risk managers urged to have ‘open dialogue’ and make sure firms are honest about risks
Inga Beale, CEO of Lloyds, has urged for a change in business culture to allow firms to admit to mistakes or errors so insurers can properly cover their risk exposures.