News
CIBA: Cyber policies are evolving to meet expanding risks
Cyber policies are evolving to cover more risks but certain exposures remain underpriced, Allianz has warned.
VIG P&C business returns to profit
The Vienna Insurance Group has seen its property and casualty business return to profit after suffering a hit last year.
LMA adds five to board
Five C-suite level executives have been elected to the Lloyd’s Market Association board.
ABI warns passengers affected by laptop ban on flights
Passengers affected by a ban on large electronic items in the aircraft cabin have been warned to check with their insurers before flying.
Randall & Quilter buys captive insurer ICDC
Randall & Quilter Investment Holdings has completed the acquisition of ICDC, a captive insurer of an American Fortune 500 company.
Supreme Court makes landmark ruling on AIG aggregation case
A Supreme Court ruling has decided that the 214 claims made against ILP Solicitors, insured by AIG, should be settled as two claims rather than one.
EU data laws 'could leave insurers vulnerable to fraud'
Insurers could face disruption to their pricing and anti-fraud capabilities due to the General Data Protection Regulations that are to be put in place next year.
CFC Underwriting CEO leads private-equity backed MBO
The CEO of CFC Underwriting will lead a private-equity backed management buy-out of the business.
The Cyber Insurer and Broker Assembly 2017 - as it happened
The Cyber Insurer and Broker Assembly took place on 23 March. Post's journalists reported live from the event.
XL Catlin appoints international head of cyber liability
Global insurer XL Catlin has recruited an experienced cyber insurance professional to head its international cyber and technology underwriting team.
United India appoints chairman; outlines IPO timeline
Girija Kumar has been approved as chairman and managing director at state owned United India Insurance.
AIG rolls out telematics app to seek Singapore's best driver
Global insurer AIG is on the look out for Singapore's best driver using telematics technology.
Nexus reorganises Asia operation
Nexus, one of the largest specialist MGAs in the London market, has revamped its Hong Kong-based Asian operations including the rebrand of its marine team.
Biba to outline benefits of flood SME scheme to parliament
The British Insurance Brokers’ Association will outline the benefits of its small to medium enterprise flood scheme in parliament later today.
Hannover Re acquires Argenta syndicate
Hannover Re is to acquire the Lloyd’s managing agent and holding company Argenta for an undisclosed sum.
Malta will be biggest beneficiary of Brexit, says MPG
Malta will benefit more than any other financial centre in Europe from Brexit, according Managing Partners Group.
Neon launches marine and offshore construction consortium
Neon has launched a marine and offshore construction consortium, underwritten by Mireille Dolonen.
NFU Mutual sees underwriting profit drop 46% in 2016
NFU Mutual saw underwriting profit drop by 46% last year, to £151m from £281m in 2015.
QBE Australia appoints Jon Fox as general manager of claims
QBE Australia and New Zealand has appointed Jon Fox as executive general manager of claims.
Randall & Quilter acquires Bermudian captive Linco
Randall & Quilter has signed a sale and purchase agreement to acquire captive insurer Linco from Ameripride Services and Alsco.
Asia Insurance to benefit as Hong Kong Life agrees sale
Hong Kong Life insurance, 16.6% owned by Hong Kong general insurer Asia Insurance, has agreed to sell to Hong Kong-based investment firm First Origin International for HK$7.1bn (£740m).
McLarens bolsters Australia team with hire from Crawford
Global loss adjuster McLarens has made a senior construction appointment in Australia.
FCA met government to discuss post-Brexit regulatory framework
The Financial Conduct Authority has met with the government to discuss a post-Brexit regulatory framework.
Ogden cut to wipe £50m off Traveler's Q1 2017 results
Travelers expects to record an increase to prior year loss reserves of approximately $62m (£50m) in Q1 2017 as a result of changes to the Ogden discount rate.