News
Markel completes acquisition of ECIC
Markel has completed its acquisition of EC Insurance, following regulatory approval.
Wesurance brings AI powered Amy to Hong Kong's travel market
Wesurance, a Hong Kong-based insurtech start-up, has teamed up with Swiss giant Allied World and data company Trans Union for an app based travel insurance platform.
QBE appoints head of distribution for Australia Northern region
Australian giant QBE has hired from QBE-owned regional insurer Elders Insurance for a distribution role.
Crawford hires Alister Jupp as head of Global Technical Services
Crawford & Company has appointed Alister Jupp as head of its Global Technical Services operation in the UK and Ireland.
Simply Business appoints David Summers as UK CEO
Simply Business has appointed David Summers as UK CEO, reporting to group CEO Jason Stockwood.
Pool Re expands cover to include physical damage from cyber terrorism
Pool Re will expand its remit to cover material damage and business interruption resulting from cyber terrorism.
Pricing boost not enough to relieve market pressures, says Fitch
Improved pricing for London Market insurers in 2018 may not be enough to relieve the pressure on underwriting results from high expenses and lower reserve releases, according to Fitch Ratings.
Q3 nat cats accelerated plans for Ascot Re, says Brooks
Recent natural catastrophe activity across the Atlantic has sped up Ascot’s expansion plans, the group's CEO told Post.
Jelf and Bluefin combined business to rebrand as Jelf
Marsh has revealed that its combined Jelf and Bluefin business will begin rebranding as Jelf from early next year.
Broker saw 5000% home insurance surge in lead up to Ophelia
Broker Cover Builder saw a 5284% surge in home insurance sales in the minutes leading up to storm Ophelia.
Peter Barrett appointed as chairman of Digital Risks
Peter Barrett has been appointed chairman of digital broker, Digital Risks, as it plans to expand across the UK and internationally.
Gallagher appoints James Anderson to head up Rossborough Insurance
Arthur J Gallagher has appointed James Anderson as group managing director of Rossborough Insurance, its Jersey-based personal and commercial lines broking business.
Chubb and PICC form global partnership
Global insurer Chubb and state owned Chinese insurer PICC P&C have signed a 10 year global cooperation agreement.
Mapfre Re to open Tokyo office
Spanish reinsurer Mapfre Re is opening up a representative office in Tokyo on 1 December.
Ophelia to cost industry €60m, says Perils
Catastrophe loss analysts Perils has pegged the market loss for Ex-Hurricane Ophelia which battered the coast of Ireland, at €60m.
Brit launches third-party capital backed specialty reinsurer
Specialty insurer Brit has launched a specialty reinsurance platform, Scion Underwriting Managers, which will take advantage of both Brits own balance sheet, other markets and third-party capital providers.
Ascot launches Bermuda-based reinsurer
Global property & casualty underwriter Ascot has launched a reinsurance business in Bermuda.
Allianz launches takeover bid for Euler Hermes
Allianz will aim to buy the remaining portion of Euler Hermes for €1.85bn (£1.65bn).
Belot appointed head of South East Asia for Swiss Re Corporate Solutions
Swiss Re's insurer Swiss Re Corporate Solutions has appointed Didier Belot as head of South East Asia.
Zurich identifies Hong Kong protection gap
Global insurer Zurich has warned Hong Kong's workers need greater protection for being off work as a result of illness or injury.
Bali airport closed as volcano alert is raised to highest level
Thousands of holidaymakers are stranded on the Indonesian island of Bali today as the authorities closed the only airport.
Generali hires de Broize in Asia
Italian insurer Generali's Asia arm has hired Bruce de Broize as head of distribution for Asia.
AGCS hires in Jakarta
Allianz's business-focused arm Allianz Global Corporate Solutions has appointed two underwriters within Allianz's Indonesian operation.
BGL spent £4.4m on compliance ahead of now-abandoned IPO
Exclusive: Compare the Market owner BGL spent £4.4m on compliance ahead of a planned stock market float that now will not happen.