News
Allianz appoints John Berry as director of underwriting and technical for personal lines
Allianz has appointed John Berry as director of underwriting and technical, personal lines.
IAG hires chief digital officer from News Corp
Australian giant IAG has hired Mark Drasutis, News Corp Australia's chief product officer for digital.
Hong Kong broker sees IPO plan halted
The Hong Kong Stock Exchange has halted, at least temporarily, the attempted listing of a Hong Kong corporate insurance broker.
Money Supermarket slapped with £80,000 fine for deluge of spam emails
Price comparison website Money Supermarket has been fined £80,000 by the Information Commissioner’s Office for sending millions of emails to customers who didn’t want them.
Personal injury CMCs made £2.8bn over the last decade
Personal injury claims management companies earned £2.8bn over the last 10 years, a government report has revealed.
Aviva names five start-ups for fintech incubation programme
Aviva and Founders Factory have revealed the first five start-ups selected for its fintech programme.
Howden acquires Sterling Knight in Singapore
Howden, the retail broking arm of Hyperion Insurance Group, has bought SME specialist broker Sterling Knight in Singapore for an undisclosed sum.
Public divided on driverless cars, study reveals
Over a third of the public are sceptical of driverless cars, with only four in 10 ready to embrace the technology.
Markel appoints Deepika Mathur to lead entry into Indian market
Markel International has appointed Deepika Mathur to lead its entry into the Indian market.
Tey swaps Chubb for Beazley in Singapore
Nicholas Tey has left global insurer Chubb to join Beazley in Singapore.
Majority of Kaikoura claims to be paid by end of year, says ICNZ
The majority of claims will be paid out for last year's deadly Kaikoura earthquake on South Island by the end of the year according to the Insurance Council of New Zealand.
Aon completes share sale in India joint venture
Global broker Aon has completed the sale of a 26% stake in Indian broker Aon Global Insurance Brokers to its joint venture partner Global Insurance Services.
QBE identifies significant liability gap in four Asian countries
Australian insurer QBE has published research suggesting a significant liability insurance gap for businesses in Hong Kong, Indonesia, Malaysia and Singapore.
Broker Network saw revenue rise over 2016
Broker Network saw revenue increase to £10.3m in 2016, up from £8.8m in the previous year.
Beazley's H1 profit up 6% thanks to speciality lines and investment gains
Lloyd's of London insurer Beazley reported a 6% rise in first-half pre-tax profit, thanks to growth in its US specialty lines business and investment gains.
This week: Planning, predictions and packing
I am most definitely a planner. Being organised usually tops my list of attributes in appraisals and most of my life as a busy working mum is run by lists. In fact the holiday I'm just about to fly off to has been two years in the planning.
UK government releases final ILS regulations
The UK government has published regulations that will introduce a competitive regulatory and tax regime for Insurance Linked Securities.
Hannover Re completes acquisition of Lloyd's syndicate
German reinsurance giant Hannover Re has completed the acquisition of the UK holding company Argenta Holdings.
Insurtech funding hits $985m, up 248% in Q2
Funding for Insurtech start-ups saw a 248% increase to $985m during the second quarter of 2017, said Willis Re.
FSCS refunds £8.3m to Gable policyholders
Premiums worth £8.3m have been returned to former policyholders of Gable Insurance through the Financial Services Compensation Scheme.
Insurance could cut natural disaster bill for developing nations by $11bn, says RMS
New types of insurance could cut the costs of natural disasters for poorer countries and reduce the amount of humanitarian aid needed, according to a new report.
Nexus enters US market with Zon Re deal
Specialty managing general agent Nexus Group has acquired US personal accident treaty reinsurance MGA Zon Re.
Questgates appoints Ganson to its board
Colin Ganson has been appointed to the board of Questgates after taking part in the restructure and reorganisation of the firm’s property division.
Reinsurance rates fall in June and July renewals
Reinsurance market pricing has maintained the downward trend seen at the January and April renewals, despite first quarter deterioration for many reinsurers’ results, according to Willis Re.