News
AIG renames Hamilton as Blackboard
International insurer AIG has decided to rename its newly acquired technology subsidiary Hamilton.
Townsend to rejoin AIG
Industry veteran Chris Townsend is to rejoin AIG in a newly created role as CEO, international general insurance.
Buzzmove awarded $500,000 in Venture Clash competition
Buzzmove has been awarded $500,000 (£379,506) in the annual Connecticut County Venture Clash competition.
Insurers hit out at FSCS consultation
The Association of British Insurers has hit back at proposals from the Financial Conduct Authority that insurers contribute towards costs of intermediary failure under the Financial Services Compensation Scheme
Aon to acquire Henderson Insurance Broking Group
Aon is set to acquire Henderson Insurance Broking Group.
R&Q takes on Prosight Lloyd's syndicate in run-off
R&Q has reached an agreement with Prosight Specialty Insurance to manage Syndicate 1110 in run-off.
Wrisk crowdfunds half a million in under five days
Wrisk has hit its £500,000 crowdfunding target in under five days.
IPT raising £4.8bn a year
Insurance Premium Tax is raising £4.8bn a year, or £179 per household, new research has found.
Aon's Q3 profit slips after $102m of restructuring costs
Pre-tax profit at global broker Aon fell from $309m (£235m) in the third quarter of 2016 to $200m in Q3 2017.
Hong Kong Insurance Awards 2017: the winners
AIA, FWD and Prudential led the way at the Hong Kong Insurance Awards unveiled on 26 October at the Intercontinental Hotel, Tsim Sha Tsui.
HW Wood bolsters London business
Lloyd’s broker HW Wood has bolstered its London business through three senior market hires.
Lloyd’s backs Barbican and Toa Re SPA
Toa Re and Barbican have received ‘in principle’ approval from the Lloyd’s Franchise Board to establish Toa Re Special Purpose Arrangement.
MPs urge PRA to review Solvency II
The Prudential Regulation Authority must develop proposals to remove the limitations of Solvency II for the insurance market, MPs have said.
Hastings sees GWP growth continue into Q3
Hastings has seen a 25% spike in gross written premiums over the course of the year, up to £714m from £572.8m for the same period in 2016.
Singh appointed QBE interim CEO for Australia and New Zealand
Australian giant QBE has appointed Inder Singh, chief financial officer of its Australian and New Zealand operations as interim ANZO CEO.
Greenberg sees 'firming price environment' after Q3 Chubb loss
Evan Greenberg, chairman and CEO of global insurer Chubb, said his firm intends to demonstrate leadership regarding rates following years of soft pricing and a series of natural catastrophes in the third quarter.
XL Catlin appoints cyber leader in Asia-Pacific
Global (re)insurer XL Catlin has recruited from Allianz for a senior Asia-Pacific cyber leadership role.
Davies Group acquires Service Tick
Acquisitive insurance service provider Davies Group has acquired analytics firm Service Tick.
Tractable launch automated damage estimating technology
Following its partnership with Ageas, Tractable has developed an artificial intelligence-driven damage repair estimation technology.
Commercial vehicle specialist Tradewise secures £20m investment from Harwood Private Equity
Tradewise Insurance Group has secured a £20m investment deal with Harwood Private Equity.
Beazley appoints Nationwide chair David Roberts to lead board
Lloyd’s of London insurer Beazley has appointed top banking executive David Roberts as its new chairman.
Homelyfe closes £2.4m funding round
Homelyfe has completed a £2.4m seed round led by Talis Capital and Peterson Ventures.
Final loss estimate for Italian October earthquakes pegged at £185.8m
Perils has updated its loss estimate for Italy’s October earthquakes from €125m (£111.7m) to €208m (£185.8m).
International: Trade credit demand is up
European political instability and financial regulations are pushing demand for trade credit cover, especially from banks that are keen on optimising their capital.