News
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…
AIR Worldwide estimates Alberta fire insured losses at over £2.4bn
Catastrophe modeling firm AIR Worldwide is estimating between C$4.4bn (£2.4bn) and C$9bn (£4.8bn) of insured losses for this month's huge Alberta wildfire.
Rapid rise of urban populations driving climate change risk, says World Bank
Assets worth $158 trillion (£109 trillion) could be at risk from river and coastal flooding by 2050 unless more is spent on disaster mitigation according to the World Bank.
Dual appoints Mark Hudson as CFO
Dual has hired Mark Hudson as chief financial officer, effective from September 2016.
Claims management company fined £250,000 by ICO after making 17.5m nuisance calls
Blackburn-based Check Point Claims has been fined £250,000 by the Information Commissioner’s Office, which launched an investigation following 248 complaints.
Allianz’s commercial COR stronger than personal as restructuring continues
Allianz has reported an 89.9% combined ratio in commercial for Q1 2016 but despite improvements, its personal lines COR remains over 100 at 101.2% (FY 2015: 106%).
ASR aims to launch IPO in Q2 2016
Dutch insurer ASR has confirmed its intention to proceed with an IPO and listing of its ordinary shares on Euronext Amsterdam.
Former OIM Underwriting MD launches MGA with £20m GWP target
Jason Anthony, former managing director at OIM Underwriting, has launched MGAM Limited, a managing general agent with a target of reaching £20m gross written premium in year one.
Neil Thornton added to Bluefin’s case against GRP
Former Bluefin commercial head Neil Thornton has been added as the fifth defendant in the case against Global Risk Partners.
Chubb promotes Ly to president director for Indonesia
Chubb's vice president and deputy Asia-Pacific head of personal business Tai-Kuan Ly has been appointed president director, general insurance in Indonesia.
Ryan Direct and Close Brothers extend contract
Ryan Direct Group and Close Brothers will enter an exclusive contract in the home SME and motor books for a further three years.
Survey shows growing demand for customer analytics in Asia
A Post survey shows the uptake and pace of customer data analytics for Asian insurance firms is on the rise.
WR Berkley begins Asian insurance venture
WR Berkley has launched Berkley Insurance Asia to serve clients in Asia to complement its Asia-Pacific reinsurance operations.
Post Webinar: Making insurance attractive in Hong Kong
Join us today for a Post Webinar in association with the Chartered Insurance Institute at 4pm Hong Kong time.