News
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.
Brokerbility survey sees Allianz ranking highest for overall satisfaction
The latest satisfaction survey from Brokerbility has revealed the insurers that ranked highest for their claims, underwriting and accounts processes between April and September 2017.
Allianz's Jeremy Trott appointed chair of claims faculty board at the CII
The Chartered Insurance Institute has appointed Allianz head of claims operations, Jeremy Trott, as the chair of its claims faculty board.
Hammond admits post-Brexit loss of passporting could ‘create legal uncertainties’
The UK government has admitted it is aware of the legal challenges posed by a potential loss of passporting rights.
NBC Universal loses $6.9m case against insurer over ‘war’ exclusion
NBC Universal has lost a legal battle with its insurer after it was forced to relocate the filming of a TV series when conflict broke out in Jerusalem.
Barbican makes two senior promotions
Barbican has promoted David Booth to director of underwriting of Barbican Managing Agency and Andy Caldwell to active underwriter.
Chubb appoints head of casualty for Singapore
Global insurer Chubb has recruited from its Australia operations for a senior position in Singapore.
XL Catlin estimates $1.48bn of losses from Q3 natcats
Global insurer XL Catlin is estimating $1.48bn (£1.12bn) of losses from natural catastrophes in the third quarter.
Suncorp's Day departs; Cameron tweaks management team
Anthony Day, CEO of insurance at Suncorp and the Australian financial services firm's chief legal officer Kate Olgers are leaving the company.
Hiscox predicts ‘market turn’ following record catastrophe losses
Hiscox will increase its capacity by £450m next year in anticipation of a “widespread market turn”.
US rideshare insurtech looks to expand globally
Munich Re’s Digital Partners has entered a strategic partnership with Inshur, to develop and distribute commercial auto insurance products through a mobile technology platform.
Sharing economy lays liability minefield, warns Marsh
Companies in the sharing economy sector are more exposed than others to the risks associated with an evolving employee base and the emergence of digital technologies, according to a report by Marsh.
Commercial Legal adopts 'lie detector'-type technology in claims process
Commercial Legal, part of the One Call Group has adopted lie detector technology within its claims operation.
Octo buys telematics assets of Willis
Octo Telematics will acquire the usage-based insurance assets of Willis Towers Watson, including its Drive Ability solution.
Four out of 10 brokers ‘unaware of GDPR’
Four out of 10 brokers are unaware of incoming data protection laws that could potentially shave millions from profits, a survey found.
Industry needs to educate public on 'big ticket' Ogden decision, City Minister warns
Industry needs to join government in educating the public on the change to the Ogden discount rate, City Minister Stephen Barclay MP said.
Hiscox appoints Kate Markham as CEO of London Market business
Hiscox has appointed Kate Markham to its newly created role of CEO of its London Market business.
Predicted losses from cyber crime hits £4.54trn
Losses from cyber crime are only likely to increase because of far-reaching global connectivity, with predicted losses set to reach as high as $6 trillion (£4.54 trillion).
Ardonagh buys Carole Nash and Mastercover
Newly formed broking group Ardonagh has acquired Altrincham-based motorcycle broker Carole Nash and Hertfordshire-based broker Mastercover.
Dive In Festival confirmed for 2018 following this year's high turn out
The annual Dive In Festival has been confirmed for another year, with 2017 counting the highest number of events, attendees, sponsors and participating countries to date.
Ogden reform drives car insurance price drop, but fall 'will be short-lived'
Car insurance prices have fallen by an average of 1.1% in the third quarter of 2017, the largest reduction in more than three years, however the effects will be short-lived, analysts said.
Aviva appoints former Marsh boss to head international brokers
Aviva has appointed former Marsh boss Graeme MacMillan as director for international brokers.
Last day for ICO's GDPR consultation
Today is the last day of consultation on the General Data Protection Regulation.