News
Perils revises loss estimate for cyclone Zeus to €269m
Perils has revised its loss estimate for cyclone Zeus to €269m (£234.3m).
BP Marsh saw 12% hike in profits in 2016
BP Marsh saw a 12% hike in profits in 2016, up to £9.8m from £8.7m in the previous year.
QBE opts for Brussels EU base
Australian global insurer QBE has decided to move its EU headquarters from London to Brussels.
Seven countries cut diplomatic ties with Qatar
It has become a lot harder to travel to Qatar this week following a major diplomatic spat.
BLM Law to use machine learning and data analytics to predict outcome of claims litigation
BLM law firm has successfully put together a data analytics platform led by Artificial Intelligence in order to help predict the result of litigation that could arise from claims.
Caytons Law offers new service to assist with cyber claims
Caytons Law has developed a claims process service for its insurer clients that offer cyber policies in order to correctly map risk and settle claims appropriately.
RSA chooses Luxembourg for post-Brexit hub
Insurance giant RSA is to set up an office in Luxembourg in response to the UK’s decision to exit the European Union.
Insurtech driving IT investment plans of European insurers
Insurers in Europe are looking to insurtech acquisition and innovation in order to grow their businesses.
Insurers expecting ransomware claims to increase following Wanna Cry hack
Cyber attacks carried out with ransomware are becoming more common with the number of ransomware claims rising to 22.4% in 2017, CFC Underwriting has said.
Direct Line adds Paw Squad to pet offering following strategic investment
Home visit vet service Paw Squad’s video and text consultations are now a standard part of Direct Line pet policies after a strategic investment from the insurer.
Post People 5 - 9 June
The latest people moves from the insurance industry.
Greenwood Insurances merges with Moreland Insurance Brokers
Moreland Insurance Brokers and Greenwoods Insurances have merged into a single company, effective 1 June.
ICA backs Tasmania flood review report
The Insurance Council of Australia is backing calls for the government to invest in more disaster mitigation after last year's deadly flooding in Tasmania.
Singapore's NTUC teams up with IBM to use AI for claims
Singapore insurer NTUC Income has agreed to use IBM's capabilities to help automate hospital claims.
Greenlight Re appoints Simon Burton as CEO
Specialist property and casualty reinsurer Greenlight Re has appointed Simon Burton as CEO.
UK General appoints John Spencer as chairman
Markel non-executive director John Spencer has been appointed as a non-executive chairman of UK General.
LMA forms members’ agents committee
The Lloyd’s Market Association has formed a members’ agents committee, which will represent the interests and priorities of providers and advisers of third party capital at Lloyd’s.
Empty shells or letter boxes ‘not acceptable’ post-Brexit subsidiaries, EU regulator says
Insurers looking to set up a post-Brexit base in the European Union will need to ensure their relocation plans have the proper supervision, the chairman of the European insurance watchdog has said.
Juventus Football Club’s stadium rebranded as 'Allianz Stadium'
Allianz Italy has signed an agreement which will see Juventus Football Club’s stadium rebranded as “Allianz Stadium”.
UK General technical director Simon Tate leaves the business
UK General technical underwriting director Simon Tate has left the business, with his departure following the resignation of chief risk officer Steve Blott last month.
UK General parts ways with DFS and Argos furniture warranty provider
UK General has closed its underwriting agency with the company which provides furniture warranty insurance to Argos and DFS.
Lemonade increases customer base by 43% eight months after its launch
Lemonade has grown its customer base by 43%, eight months since its launch in America, beating its annual target.
Gallagher Bassett acquires Strata Solicitors
Gallagher Bassett has acquired Strata Solicitors as the third-party administrator continues to bolster its size and offering in the United Kingdom.
Insurers in row with BA over bill for cancellation expenses
Insurers have hit out at British Airways for encouraging customers to claim on their travel insurance for ‘disruption expenses’ caused from the recent IT outage.