News
Maria industry losses could total $85bn
Industry insured losses for Hurricane Maria in the Caribbean will be between $40bn and $85bn, according to AIR Worldwide.
Axis unveils £468m Novae acquisition timeline
Axis has announced the timeline for its £468m acquisition of Novae.
Competition watchdog opens legal investigation into comparison site
The competitions watchdog has opened a legal investigation into how one price comparison site has set up its contracts with insurers.
Applied Net 2017: Cyber security programmes becoming an increasing priority
Effective cyber security programmes are becoming an increasing priority for businesses as cyber-attacks grow, a conference heard.
Uber boss Breakwell takes the wheel at AA
Former Uber boss Simon Breakwell has been appointed CEO of the AA, as the company announced flat H1 results.
Applied Net 2017: Brokers must invest in technology to grow valuations
Brokers need to invest in technology to grow the valuations of their businesses as the market continues its trend of consolidation, a conference heard.
Thomas Miller Specialty launches general aviation business
Thomas Miller Specialty has taken aim at the aviation insurance sector with the launch of a general aviation facility.
AIG to restructure operations into three units
AIG is restructuring its business into three separate units and is disposing of its commercial and consumer businesses.
Co-op Insurance names former Axa CEO Hubbard as chair
Co-op Insurance has named former Axa CEO Peter Hubbard as chairman of the board.
Dive In 2017: Workplace culture 'needs to change', says insurance sector
Seven out of ten insurance professionals believe their workplace culture needs to change, according to survey findings.
Ogden reform could see fewer shocks to industry
Ogden reform could see fewer shocks from discount rate changes in future, AM Best said.
Ex-Aviva and Suncorp CEO Patrick Snowball joins Sabre board to help oversee IPO - updated
Exclusive: Motor insurer Sabre has recruited UK insurance veteran Patrick Snowball – a man who once sold the business - to its board as it gears up for its IPO.
Hong Kong and UK regulators sign fintech agreement
The Hong Kong Insurance Authority and the UK’s Financial Conduct Authority signed a fintech co-operation agreement last week.
EU and US sign covered agreement
The European Union and the United States has today signed the so-called covered agreement on prudential reinsurance measures.
Week in Post: Cancelled flights, closed doors and canned ads
My dad was one of 400,000 passengers affected this week by air traffic control delays, bad weather and a backlog in employee holidays for the delay, which lead to budget airline Ryanair cancelling 50 flights a day for the next six weeks.
Skuld and Asta launch Agora syndicate 3268
Marine insurer Skuld and third-party managing agent Asta have received in principle approval from Lloyd’s to establish Agora syndicate 3268.
Saga reports 5.5% rise in first-half underlying profit
Over-50s travel and insurance company Saga reported a 5.5% rise in first-half pre-tax profit, driven by strong demand for holidays among older Britons.
Asia's demographic risks are growing rapidly
The rapid rate of aging populations in Asia is an increasing concern for individuals, governments, businesses and insurance professionals.
Pioneer and Asta to establish Lloyd's syndicate
Pioneer Underwriters and Asta have received “in principle” approval from Lloyd’s to establish a syndicate.
Start-up Guevara closes for business after failing to establish capitalised underwriting vehicle
Insurtech peer to peer start-up, Guevara, has closed its business after four year due to failing to establish a capitalised underwriting vehicle.
Fadata to make more acquisitions as it looks to further penetrate Africa and Europe
Fadata is planning to expand its presence in the European insurance market following on from its acquisition of Munich-based insurance technology specialist Impeo.
Covent Bridge expands into Ireland
Surveillance and claims investigation specialist Covent Bridge group has expanded into Ireland.
Integration not on the cards at Ardonagh: Ross
The Ardonagh Group will not look to integrate the businesses under its control, the company’s CEO told Post.
Ardonagh to take aim at ‘dollar economy’, says Ross
The Ardonagh Group can go “anywhere it wants” as it sets its sight on expansion into the US market, the company’s CEO has said