News
LMG appoints Susan Jakobek as PPL MD
Susan Jakobek has been hired as managing director of Placing Platform Limited, a firm that manages the roll out of electronic placement in the London Market.
Quiz of the week - 20 May 2016
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Skuld to acquire Scandinavian Marine Agency
Skuld has signed a letter of intent to purchase Scandinavian Marine Agency in a deal that would give the Oslo-based marine insurer renewal rights on the latter’s hull and machinery book.
Brexit ‘could result in 48,000 insurance job losses’
Businesses could relocate “overnight” following a Brexit, putting up to 48,000 insurance jobs at risk, according to a report.
Enstar's Starstone opens Australian specialty underwriting operation
Global specialty insurer Starstone (formerly Torus) owned by Bermuda-based Enstar has created a Lloyd's underwriting facility for Australia and New Zealand.
XL Catlin lead underwriter for crashed Egypt Air flight
Post has learned XL Catlin was the lead underwriter for the Egypt Air flight, now believed to have crashed into the Mediterranean.
Beale, Tulloch appointed to UN and World Bank Group-backed steering committee
Lloyd's CEO Inga Beale and Aviva global chairman Maurice Tulloch have been added to a committee guiding the United Nations and World Bank Group-backed Insurance Development Forum.
Charles Taylor Managing Agency appoints Ajay Gupta as CUO
Charles Taylor Managing Agency has appointed Ajay Gupta as chief underwriting officer and board director from Mitsui Sumitomo Insurance Underwriting.
Motor helps Ageas UK’s COR to stay below 100
Ageas UK has reported a 99% total combined ratio (Q1 2015: 99.7%), driven by improved motor COR of 98.7% (Q1 2015: 106.4%), but other non-life ratios were weaker compared to this time last year.
LMA adds four to board
Four candidates have been elected to the Lloyd’s Market Association board, including several C-suite level executives.
Zurich hires from QBE for senior Australia claims role
Zurich has appointed Hilary Bates as chief claims officer for Australia and New Zealand.
Moreau to leave Axa in June
Nicolas Moreau, chairman and CEO of Axa France, is to leave the insurer on 30 June after 25 years.
Facebook investors back claims fraud detection start-up
An early Facebook investor has ploughed $10m (£6.8m) into a tech startup that uses artificial intelligence to detect fraudulent insurance claims.
Bluefin replaces Longhurst with internal promotion
Bluefin has internally promoted Neil Forsyth to fill the role left vacant by Paul Longhurst, who has joined Towergate.
Lloyd’s CRO Sean McGovern joins XL Catlin
Lloyd’s chief risk officer and general counsel Sean McGovern has joined XL Catlin as chief compliance officer and head of regulatory and government affairs.
Aviva seals exclusive deal with digital incubator Founders Factory
Aviva will be the exclusive financial services partner for digital accelerator and incubator Founders Factory over the next five years.
Legislative support extended to driverless cars
Autonomous cars have gained legislative backing in the Queen’s Speech today (18 May) as insurers hail the innovation as doing more to save lives than seatbelts.
UK motor prices to remain flat in 2016, as insurers drive competition
Increasing competition from insurers will cause prices for UK motor insurance to stay flat throughout 2016, according to a Macquarie report.
Towergate hires Bluefin broker boss for ‘firepower’ in London market
Bluefin London market guru Paul Longhurst has been poached by Towergate to “breathe fire power” into the company’s business.
Colosso takes up third NED role at Lancashire Holdings
Former CEO of Howden UK Adrian Colosso has taken up a role as non-executive director for Lancashire Holdings.
Lloyd's Chairman: No 'regulatory nirvana' from Brexit
Leaving the EU won’t result in a “regulatory nirvana” for the insurance industry, Lloyd’s Chairman John Nelson said in a speech.
Icahn ups stake in AIG by 5.2%
Regulatory filings show activist investor Carl Icahn has increased his stake in AIG.
Axa tops broker survey
Broker network Brokerbility has placed Axa in pole position in its latest biannual survey.
Cyber costs could be offset against IPT: report
A report into the state of cyber resilience raises the possible benefits of industry-specific tax breaks for companies investing in cyber measures, with the report from lobby group The City UK and Marsh stating industry should explore this with…