News
Greg Fleming steps down from Lloyd’s Council
Greg Fleming has resigned from his position on the Council of Lloyd’s as a result of work commitments.
R&Q raises £45m additional capital to fund growth plans
Randall & Quilter has raised £45m in share capital which will provide “significant growth opportunities” in future, the company said.
Eight out 10 brokers confident over London’s post-Brexit prospects
Eight out 10 London market brokers remain bullish over the prospect of the capital retaining its global position in the wake of Brexit.
Aviva acquires majority shareholding in digital investment firm
Aviva has agreed to acquire a majority shareholding in the holding company of digital investment firm Wealthify.
Rural Insurance signs £41m capacity deal with Zurich
Rural Insurance has signed a long term capacity deal with Zurich worth £41m.
Penny Black's Social World - October 2017
Picture prizes, Harvey help, and determined dancers and drivers
Grenfell Tower insurer rejects two fraudulent claims
Exclusive: The insurer of Grenfell Tower has rejected two fraudulent claims over the fire, and paid out five others.
XL Catlin's innovation team partners with AI-driven startup
XL Catlin’s international innovation team, Accelerate has partnered with Cytora, an Artificial intelligence-driven insurtech based in the UK.
Davies Group sees revenue increase 23%
Davies Group has seen revenue increase 23% to £55.1m for the year ending 30 June 2017.
Brunel Group to launch broker venture in December
Brunel Group is set to launch broker Brunel Insurance Brokers, with new hire Matt Harlin appointed as managing director.
Justice Select Committee to reinstate whiplash inquiry
The Justice Select Committee has confirmed it intends to reinstate its inquiry into the government’s whiplash reforms.
Solera sells platform following Autodata merger investigation
Solera has sold a portion of its business as a result of a competitions watchdog investigation following its acquisition of Autodata.
Endsleigh appoints Paul Bolton as head of personal lines
Endsleigh has appointed Paul Bolton as head of personal lines, reporting to CEO Jeff Brinley.
Fraudsters sentenced for 'grossly exaggerated' injury claims
Two men have been sentenced for fraud after making “grossly exaggerated” injury claims worth over £80,000.
WTW launches facultative reinsurance hub in DACH region
Willis Towers Watson has launched a facultative reinsurance business across Germany, Austria, and Switzerland.
Insurance chatbot 'Meet Mia' could become a Facebook broker
Exclusive: Facebook insurance chatbot 'Meet Mia' could become a broker in future, its CEO has said.
Motor MGA Hawkwell in run-off following Ogden rate change
Exclusive: Motor managing general agent Hawkwell could close its doors at the end of March as a result of lost capacity from the Ogden rate changes.
Lonmar Global Risks hires Charles Ross as executive director
GRP-backed Lloyd’s broker Lonmar Global Risks has appointed Charles Ross as an executive director in their fine art & specie division.
AIG names ex-Novae CFO Charles Fry as reinsurance head
AIG has named former Novae chief financial officer Charles Fry as head of reinsurance, operations and transformation.
Crawford's We Go Look launches on-demand claims app
On-demand claims handler and subsidiary of Crawford & Company We Go Look has launched a self-service mobile app.
EPUL appoints Steve Lawrence as business development director
GRP-owned commercial property underwriter European Property Underwriting Limited has appointed Steve Lawrence as business development director.
CII restructures international division
The Chartered Insurance Institute has restructured its international operations.
Hong Kong Insurance Authority creates insurtech sandbox
The Hong Kong Insurance Authority has introduced an insurtech sandbox initiative to help facilitate digital distribution in the Special Administrative Region.
2017 catastrophes to hit QBE's profits for $600m
Sydney-headquartered global insurer QBE has updated the market that recent losses in Mexico and the US will have a significant impact on full year profits.