News
Storm Eleanor will cost European insurers over €1bn, says AIR Worldwide
Catastrophe modeling firm AIR Worldwide has estimated between €1.1bn (£980m) and €1.6bn of insured losses from winter storm Eleanor.
McCafferty departure due to Axa group-level changes
The structural changes which led to the shock departure of Axa’s insurance CEO Brendan McCafferty came from a drive to simplify the business at group level, Post has been told.
Crawford's Muress to head Sedgwick's international division
Ian Muress has joined Sedgwick as CEO of international operations.
Brendan McCafferty to leave Axa as part of restructure
Brendan McCafferty has left Axa with immediate effect, 11 months into his tenure as CEO for intermediated and direct.
Co-op Insurance sues IBM for £130m over failed IT platform
Exclusive: Co-op Insurance has filed a £130m lawsuit against tech giant IBM.
Hyperion targets emerging markets and Lat Am with $300m in reserve
Hyperion Group is entering 2018 with a $300m (£223m) war chest to play with, the group’s chief financial officer has said.
Hyperion’s revenue up 20% at full year
Hyperion Group posted a 20% jump in revenue for the year ended 30 September 2017.
Swiss insurtech Go Flink gears up for relaunch
Swiss insurtech start-up Go Flink is to relaunch and release a range of new products to distribute worldwide.
David Newman to step down as CEO of Carole Nash
David Newman is to step down as CEO of Carole Nash following its acquisition by The Ardonagh Group.
QBE appoints Australia and New Zealand CEO
Australian global insurer QBE has appointed a CEO for its Australia and New Zealand operations following a global search.
AIG hires from New York PR firm to bolster communications team
Global insurer AIG has hired two new senior members of its corporate communications team in New York.
FM Global names Lawson chairman of the board
FM Global’s president and CEO Thomas Lawson has been elected chairman of the board by the group’s board of directors.
CII hires firm to tighten GDPR compliance
The Chartered Insurance Institute has hired a third party data protection officer services in order to help it become compliant for the incoming General Data Protection Regulation.
Beach snapped up by Acrisure
Acrisure is to acquire the independent reinsurance broker Beach & Associates.
Allianz buys European units of Das for €38m
Allianz will buy European business subsidiaries of legal protection insurance provider Das for €38m (£33.6m).
US Reinsurance outlook remains negative, says AM Best
AM Best is maintaining a negative outlook for the US property and casualty reinsurance sector due to continued pressure on property catastrophe rates.
Insurtech Dinghy secures $1.2m funding round
On demand insurer Dinghy has secured a $1.2m round of funding led by Balderton Capital, which also backed pay-as-you-go insurer Zego.
AGCS appoints new claims chief
Allianz Global Corporate & Specialty has appointed Lars Vissing as regional unit London head of claims.
JLT appoints Lucy Clarke as broking CEO amid restructure
JLT has appointed Lucy Clarke as CEO of its worldwide broking arm, as part of a restructure of the business.
Dual names M&A head and director of corporate development
Dual, the underwriting arm of the Hyperion Group, has named Justin Ansell as head of M&A in the UK.
Munich Re covers Easyjet for flight cancellation
Munich Re and Easyjet have teamed up on a flight cancellation insurance product.
Hood names Homer non-executive chairman
Andy Homer has been appointed non-executive chairman of Hood Group.
Cunningham Lindsey promotes and replaces Singapore CEO
Global loss adjuster Cunningham Lindsey has promoted Singapore CEO Robert Williams.
Mok swaps Aon for Nova in Hong Kong
Kenneth Mok has left Aon Hong Kong for local broker Nova Insurance.