News
Watchstone files defence in £637m S&G fraud lawsuit
Watchstone has filed its defence in the £637m lawsuit launched by Slater & Gordon in June.
Gianmarco Tosti to head up Italian business of Willis Towers Watson
Willis Towers Watson has appointed Gianmarco Tosti as head of its Italian business, having held senior positions within the business since 2006.
Lloyd’s writes $738m cheque to cover Harvey, Irma and Maria
Lloyd’s of London has paid $738m for Harvey, Irma and Maria claims.
Irwin named regional head at WTW
Willis Towers Watson has named Neil Irwin as head of the Central and Eastern Europe, Middle East, and Africa region.
AIG to pay travel claims electronically for DBS's customers in Singapore
AIG Singapore and DBS Bank have created an electronic payment service for travel insurance claims.
Aviva sells Taiwan life JV stake for $1
UK-headquartered insurance group Aviva has exited the Taiwanese market with the sale of its 49% stake in First-Aviva Life.
'Foolish' insurance cheat caught out after TV bungee jump
A reality TV show contestant has been handed a 10-month custodial sentence suspended for two years after a bungee jump on national TV scuppered her fraudulent personal injury claim.
This week in Post: storm warning
Almost 30 years ago to the day, I had my first introduction to the power of Mother Nature and the world of insurance as the 'Great Storm' of October 1987 swept across the UK.
Eight men sentenced after CCTV footage exposes crash for cash
Eight men have been sentence for staging a bus crash and faking injuries after CCTV footage showed the alleged accident to be orchestrated.
Insurers gear up for Hurricane Ophelia on anniversary of 1987 Great Storm
A major hurricane is expected to batter the UK next week, as the insurance industry marks 30 years since one of the most devastating storms to ever the country.
Government launches holiday sickness claims consultation
The government has published a call for evidence on measures that could help curb the number of personal injury claims arising from package holidays.
Darag appoints Tullio Ferrucci as CEO of its Italian business
European run-off insurer Darag has appointed Tullio Ferrucci as CEO of its Italian business, following the acquisition of Ergo Assicurazioni last year.
Markel estimates $503m of Q3 natcat losses
Global (re)insurer Markel is expecting $503m (£379m) of pre-tax hurricane and earthquake losses, net of reinstatement premiums, in the third quarter of 2017.
Lemonade develops API to sell insurance via online retailers
US insurtech firm Lemonade has developed its own application programme interface which will allow web developers to offer the firm’s policies via their own websites.
Brokerbility survey sees Allianz ranking highest for overall satisfaction
The latest satisfaction survey from Brokerbility has revealed the insurers that ranked highest for their claims, underwriting and accounts processes between April and September 2017.
Allianz's Jeremy Trott appointed chair of claims faculty board at the CII
The Chartered Insurance Institute has appointed Allianz head of claims operations, Jeremy Trott, as the chair of its claims faculty board.
Hammond admits post-Brexit loss of passporting could ‘create legal uncertainties’
The UK government has admitted it is aware of the legal challenges posed by a potential loss of passporting rights.
NBC Universal loses $6.9m case against insurer over ‘war’ exclusion
NBC Universal has lost a legal battle with its insurer after it was forced to relocate the filming of a TV series when conflict broke out in Jerusalem.
Barbican makes two senior promotions
Barbican has promoted David Booth to director of underwriting of Barbican Managing Agency and Andy Caldwell to active underwriter.
Chubb appoints head of casualty for Singapore
Global insurer Chubb has recruited from its Australia operations for a senior position in Singapore.
XL Catlin estimates $1.48bn of losses from Q3 natcats
Global insurer XL Catlin is estimating $1.48bn (£1.12bn) of losses from natural catastrophes in the third quarter.
Suncorp's Day departs; Cameron tweaks management team
Anthony Day, CEO of insurance at Suncorp and the Australian financial services firm's chief legal officer Kate Olgers are leaving the company.
Hiscox predicts ‘market turn’ following record catastrophe losses
Hiscox will increase its capacity by £450m next year in anticipation of a “widespread market turn”.
US rideshare insurtech looks to expand globally
Munich Re’s Digital Partners has entered a strategic partnership with Inshur, to develop and distribute commercial auto insurance products through a mobile technology platform.