News
US and Australian storms hit insurers with more than $1bn bill for February
An early start to the severe weather season has resulted in a $1bn (£820m) insurance toll in Australia and the United states, according to an Aon catastrophe report.
Esure unveils plan to ride out reinsurance rate rises
CEO also says business will 'shrink' home portfolio
Lack of data access holding back fight against fraud
Changes to Irish claims laws are cutting down on fraud and the rising levels of awards but the lack of insurer access to driver data is holding the industry back, a top judge has said.
UK regulators must actively support market on Brexit: Aubert
The UK's regulators need to actively promote London as a key insurance market, the chairman of the London Market Group has said.
Charles Taylor completes integration of Cega
Charles Taylor has completed the integration of medical and travel claims firm Cega into the wider group.
Esure profits up 18% despite taking a battering in home market
Esure has seen profits rise by 18% despite losses in its home segment from weather claims.
Fitch issues gloomy warning for company market in wake of Ogden rate changes
Fitch has issued a gloomy warning for the UK non-life company market this year in the wake of the Ogden rate cut.
AIG CEO Peter Hancock steps down over eroding shareholder support
AIG CEO Peter Hancock, has resigned, citing a lack of “wholehearted shareholder support”.
Aviva to focus on cost-cutting in wake of restructure
Aviva will look to make cuts in areas of the business that overlap following the recent restructure.
Dominick Hoare replaces Jardine on Lloyd’s Council
Dominick Hoare, chief underwriting officer for the Munich Re Syndicate has been elected to the position of corporate-external member to the Council of Lloyd’s.
ICO fines nuisance call firm using customer data from brokers
A Hampshire company that made 22 million nuisance calls has been fined £270,000 by the Information Commissioner’s Office.
Government must 'fight fire with fire' over Brexit business
The UK government needs to "fight fire with fire" when it comes to keeping business within the City of London during Brexit negotiations.
CII holds mass networking event to highlight insurance apprenticeship opportunities
The Charted Insurance Institute has organised a networking event between leading insurers, students and apprentices to raise awareness of insurance apprenticeship schemes.
LMG seeks new EU cross-border deal for market
The London Market Group has called for a new trade deal between the UK and the European Union that will allow insurers to operate across borders.
Admiral CEO’s charity sells shares worth £4.02m
Admiral CEO David Stevens’ own charity, the Waterloo Foundation, has sold 225,000 shares in the insurer worth £4.02m.
Claims boss John Latter to leave Zurich for Chubb
John Latter, director of technical claims at Zurich, has resigned and will join Chubb.
Aviva's general insurance COR soars to 106.3%
Aviva has reported a significant increase in its UK general insurance combined operating ratio to 106.3% in 2016.
Novae hit by US catastrophes and Ogden as profit drops 45%
Novae has described its 98.3% pre-Ogden 2016 combined operating ratio as disappointing while the Lloyd's (re)insurer's investment portfolio performed well.
Charles Taylor eyes potential $6.1 trillion insurance market after solid 2016
London-headquartered global insurance services firm Charles Taylor is confident of global expansion after posting solid 2016 results.
Swiss Re Corporate Solutions opens Kuala Lumpur office
Swiss Re's commercial insurance arm has opened an office in Kuala Lumpur.
With the deadline less than a week away start your British Insurance Awards entry today
The countdown has well and truly began to get entries in for the 2017 British Insurance Awards with the deadline now less than a week away.
ABI blasts government over 'extraordinary' discount rate costs to NHS
The government has set aside £5.9bn to “protect the NHS” from changes to the Ogden discount rate, the Chancellor confirmed today in his speech on the Spring Budget.
Chancellor’s budget of ‘little comfort’ to insurers
Chancellor Philip Hammond's Spring budget is of "little comfort" to insurers due to recent insurance premium tax hikes, trade bodies say.
AIG to establish post-Brexit EU hub in Luxembourg
AIG will move its Europe operations from the UK to Luxembourg ahead of Brexit.