News
Hurricane season highlights need to maintain adequate catastrophe loading, says Lloyd’s
The active hurricane season is a timely reminder for underwriters to maintain discipline and adequate catastrophe loading on rates, Lloyd’s Jon Hancock has said.
Harvey and Irma are not market turners, says Hancock
The financial fallout from hurricanes Harvey and Irma will not be enough to turn the market, according to Lloyd’s performance director Jon Hancock.
AA holds talks over insurance business sale to Hastings
The AA and Hastings have held talks over a potential general insurance partnership.
Group CEO Neal to exit QBE
QBE's group CEO John Neal will step down from the Australia-headquartered global insurer on 31 December.
Chubb chooses Paris as post-Brexit base
Chubb today revealed that the company intends to locate its European Union headquarters in France if the United Kingdom leaves the EU as expected in 2019.
CFC Underwriting introduces dark web monitoring tool
CFC Underwriting has launched a dark web monitoring tool for its cyber insurance policyholders.
Principal Insurance recruits ex-Autonet boss
Principal Insurance has recruited Penny Wardale to the newly created boardroom position of HR, training and compliance director.
Lloyd’s sets sights on underinsured markets: Vandendael
Underinsured markets represent a major opportunity for Lloyd’s, the markets chief commercial officer has said.
Lloyd’s executive slams 'unsustainable' low interest rates
Lloyd’s of London chief commercial officer, Vincent Vandendael has slammed low interest rates as "unsustainable".
Ex-RSA employee sentenced after submitting £270,000 in fraudulent claims
An ex-RSA employee has been sentenced after pleading guilty to a number of fraud offences totalling to £270,000.
Am Trust applies to combine three syndicates
Am Trust has applied to Lloyd’s for approval to combine its three fully aligned non-life syndicates under one management.
UK General appoints Vicky Hodgson as COO
UK General has appointed Vicky Hodgson as chief operating officer.
Confused announces Louise O'Shea as CEO following Coriat's departure
Confused has hired Louise O’Shea as its new CEO, taking over from Martin Coriat following his departure from the company in July this year.
Insurers must rethink risk management: Aon
The insurance sector needs to rethink its approach to risk management in order to drive innovation and take advantage of technological change, said Aon's global CEO of analytics.
Home and motor insurers face £100m bill from GDPR
Home and motor insurers are facing an estimated bill of £100m due to not being able to contact historic customers after the General Data Protection Regulation comes into effect next year.
Three motor service providers acquired under new holding group AGL
Three brands in the vehicle repair, claims and technology sectors have been acquired under holding group AGL, which launched today.
Sciemus to rebrand after securing investing partnership
Specialty Lloyd’s managing general agent Sciemus is set to rebrand after securing an investing partnership with HSCM Bermuda.
Beale calls for ‘urgent’ flood insurance reform
Hurricane Harvey and Irma both highlight the problem of inadequate flood insurance and need for reform in the United States, Inga Beale has said.
Report: Zhong An wins IPO approval in Hong Kong
Shanghai-headquartered Zhong An, China's largest internet general insurer, has gained approval for a listing on the Hong Kong Stock Exchange.
Lloyd’s catastrophe exposure driving ratings downgrade
The current catastrophe exposure of Lloyd’s has left the market vulnerable, Fitch Ratings has said.
ILS reform could be 'too little too late' for UK, says AM Best
The London Market may have missed its chance to become a centre for insurance-linked securities despite a working structure expected in the next few weeks, said AM Best’s head of Europe.
AIR pegs Irma insured losses at $20bn-$65bn
Hurricane Irma could result in insured losses of $20bn to $65bn, according to a preliminary estimate from AIR Worldwide.
150 jobs at risk in L&G's Hove office
As many as 150 jobs are reportedly at risk as Legal & General plans to move its GI unit from Hove to Birmingham.
Moorhouse appoints Asif John as group director of pricing
Moorhouse Group, which consists of online brokers Construct a Quote, Black & White and Xbroker, has hired Asif John as group director of pricing, actuarial and analytics.