News
Storm Ophelia kills three in Ireland and leaves 360,000 without power
A powerful storm hit Ireland and Northern Ireland yesterday leaving a trail of damage and three dead before reaching England, Scotland and Wales today.
FERMA 2017: Risk managers ‘frustrated’ that insurance isn’t evolving fast enough
The president of the Federation of European Risk Managers Associations has voiced members' feelings of dissatisfaction that their insurers are not keeping up with the fourth industrial revolution.
Ageas appoints Robin Challand as claims director
Ageas has appointed Robin Challand as director of its claims service.
CII sells historic £19m Aldermanbury office
The Chartered Insurance Institute will sell its £19m Aldermanbury offices to the City of London Corporation.
Use of dashcam footage in claims nearly triples in two years
The use of dashcam footage in car accident claims has risen by 285% in the past two years.
Cyber risk tops corporate risk agenda in preparation for GDPR
Cyber risk has reached the top of the corporate agenda as the implementation date of the General Data Protection Regulation draws nearer.
Markerstudy launches ‘life hack’ app Trice
Markerstudy has launched a “life hack” multi-lines direct app, in partnership with RDT.
FERMA 2017: Charismatic leaders could be a firm’s biggest risk
Risk managers have been urged to recognise that business leaders can be a firm’s biggest risk.
FERMA 2017: Risk managers urged to have ‘open dialogue’ and make sure firms are honest about risks
Inga Beale, CEO of Lloyds, has urged for a change in business culture to allow firms to admit to mistakes or errors so insurers can properly cover their risk exposures.
EMEA organisations falling behind on cyber insurance spend
Organisations spend on average four times more on insuring physical damage, such as property, plant and equipment insurance, than they do on insuring information assets.
Watchstone files defence in £637m S&G fraud lawsuit
Watchstone has filed its defence in the £637m lawsuit launched by Slater & Gordon in June.
Gianmarco Tosti to head up Italian business of Willis Towers Watson
Willis Towers Watson has appointed Gianmarco Tosti as head of its Italian business, having held senior positions within the business since 2006.
Lloyd’s writes $738m cheque to cover Harvey, Irma and Maria
Lloyd’s of London has paid $738m for Harvey, Irma and Maria claims.
Irwin named regional head at WTW
Willis Towers Watson has named Neil Irwin as head of the Central and Eastern Europe, Middle East, and Africa region.
AIG to pay travel claims electronically for DBS's customers in Singapore
AIG Singapore and DBS Bank have created an electronic payment service for travel insurance claims.
Aviva sells Taiwan life JV stake for $1
UK-headquartered insurance group Aviva has exited the Taiwanese market with the sale of its 49% stake in First-Aviva Life.
'Foolish' insurance cheat caught out after TV bungee jump
A reality TV show contestant has been handed a 10-month custodial sentence suspended for two years after a bungee jump on national TV scuppered her fraudulent personal injury claim.
This week in Post: storm warning
Almost 30 years ago to the day, I had my first introduction to the power of Mother Nature and the world of insurance as the 'Great Storm' of October 1987 swept across the UK.
Eight men sentenced after CCTV footage exposes crash for cash
Eight men have been sentence for staging a bus crash and faking injuries after CCTV footage showed the alleged accident to be orchestrated.
Insurers gear up for Hurricane Ophelia on anniversary of 1987 Great Storm
A major hurricane is expected to batter the UK next week, as the insurance industry marks 30 years since one of the most devastating storms to ever the country.
Government launches holiday sickness claims consultation
The government has published a call for evidence on measures that could help curb the number of personal injury claims arising from package holidays.
Darag appoints Tullio Ferrucci as CEO of its Italian business
European run-off insurer Darag has appointed Tullio Ferrucci as CEO of its Italian business, following the acquisition of Ergo Assicurazioni last year.
Markel estimates $503m of Q3 natcat losses
Global (re)insurer Markel is expecting $503m (£379m) of pre-tax hurricane and earthquake losses, net of reinstatement premiums, in the third quarter of 2017.
Lemonade develops API to sell insurance via online retailers
US insurtech firm Lemonade has developed its own application programme interface which will allow web developers to offer the firm’s policies via their own websites.