News
Industry welcomes draft reform on Ogden discount rate
Insurers have welcomed government plans to alter the way the discount rate is set in future.
Property losses to exceed $65bn after Hurricane Harvey, says AIR Worldwide
The expected cost of total uninsured and insured property losses in the US from Hurricane Harvey is likely to be between $65bn (£50bn) and $75bn according to catastrophe modeling firm AIR Worldwide.
Penny Black's Social Month: September 2017
Youth camp, yachting champs and getting damp
EY collaborates with insurers on marine blockchain application
Global consultancy EY has been working with insurance firms, software companies, ACORD and global shipping company Maersk to provide a blockchain platform for marine insurance.
FSCS declares three insurance companies in default
The Financial Services Compensation Scheme has declared three insurance companies in default.
Fixed costs for deafness claims proposed
The Civil Justice Council has published recommendations for fixed costs applying to noise induced hearing loss cases.
PIB buys childcare broker Morton Michel
PIB has acquired Croydon-based specialist broker Morton Michel, its tenth deal in 16 months.
Watchstone CEO Mukerjee: 'There is no yard sale'
Indro Mukerjee, the outgoing CEO of Watchstone has admitted that while it might have been more “romantic” or “Hollywood” to have grown the business by acquisitions during his two year tenure, it would not have benefited shareholders long term.
Strike Club's Monaco operations moved to London
The Strike Club has closed its Monaco office after finding “sizable efficiencies” in moving its operations to London.
Law firms warned over handling of holiday sickness claims
Solicitors have been slapped with a warning over the handling of holiday sickness claims following evidence of rising fraud.
Munich Re Digital Partners to roll out ride-sharing digital platform
Munich Re Digital Partners has entered a partnership with ride-sharing platform Drover in order to provide fleet owners and ride sharing drivers with personalised policies.
Finch continues acquisition spree with fifth deal this year
Finch has made its fifth acquisition since being bought by Broker Network.
Charles Taylor sees profits tumble in H1
Charles Taylor saw pre-tax profits fall by 41% as a result of losses following the acquisition of Cega by the group last year.
Tokio Marine picks Luxembourg for post-Brexit EU hub
Tokio Marine has become the latest insurer to base its post-Brexit European hub in Luxembourg.
Repairs from Cyclone Debbie continue in New Zealand
As some of New Zealand insurer Vero's customers return home this week others will have to wait until Christmas following destruction from powerful Cyclone Debbie in April.
Claims Conference Sydney 2017: four key themes
The inaugural Claims Conference Sydney took place on 29 August. Chairman Andrew Tjaardstra summarises four key themes from the event.
Campbell-Pitt promoted at Crawford in Asia
Global loss adjuster Crawford has given Mike Campbell-Pitt an elevated role in Asia.
Co-op trials Facebook car insurance chatbot
Co-op Insurance is trialling the UK’s first car insurance chatbot via Facebook Messenger.
Broker Apprentice: Apply to take part today
Are you the best new broker in the business? Submit your application by 11 September to be in with a chance of winning Broker Apprentice 2017.
Novae backs Fiducia engineering facility
Fiducia MGA has launched an engineering facility with capacity provided by Lloyd’s syndicate Novae.
Gallagher boosts Scandinavian footprint with broker purchase
Arthur J Gallagher has acquired Scandinavian property and casualty broker Nordic Försäkring & Riskhantering for an undisclosed sum.
Direct Line tops the poll for new GI complaints
Direct Line, Aviva and Ageas are among the firms to have the most new GI complaints made about them to the Financial Ombudsman in H1.
Join our live webinar on diversity
Post has teamed up with the Chartered Insurance Institute for a webinar on diversity and inclusion in the industry.
Construction and engineering MGA Ensurance launches in UK
Construction and engineering managing general agent Ensurance has launched in the UK this month.