News
Ogden rate cut adds up to £1.72bn bill for insurers
Insurers have so far been hit with £1.72bn bill from the Ogden rate cut, with the full impact still to come.
Insurers slammed over poor online communication
More than two thirds of insurers do not answer questions from customers asked through email or social media, according to a survey.
Hiscox CEO opens exhibition celebrating immigration in Britain
A new exhibition telling the stories of the children of a generation of immigrants opened at the Hiscox Art Café last night.
Towergate broking giant prices £800m bond offering
The broking giant formed from the merger of Towergate and other firms has confirmed the interest rates for its £800m bond offering, announced last month.
Wyatt returns to Clyde & Co in Australia
International insurance law firm Clyde & Co has recruited a partner from Australian firm Sparke Helmore who used to work for them.
Thailand considers compulsory travel insurance
Thailand's government is considering introducing compulsory travel insurance for all tourists following a series of serious incidents.
BP Marsh poised to make further investments in 2017
Venture capital group BP Marsh is looking to make investments of around £5m into six different firms throughout 2017.
Ed names Wicks as non-marine reinsurance chair
Reinsurance, wholesale and specialty broker, Ed has appointed Ian Wicks as chairman of non-marine reinsurance.
CNA Hardy to set up post-Brexit hub in Luxembourg
CNA Hardy will establish a new office in Luxembourg in preparation for Brexit, with the process set to be completed in early 2019.
Calamp introduces automated accident response service to improve claims handling
Telematics software provider, Calamp, has developed a vehicle risk management service to provide insurers with automated accident reconstruction and predictive vehicle damage assessment.
Perils revises loss estimate for cyclone Zeus to €269m
Perils has revised its loss estimate for cyclone Zeus to €269m (£234.3m).
BP Marsh saw 12% hike in profits in 2016
BP Marsh saw a 12% hike in profits in 2016, up to £9.8m from £8.7m in the previous year.
QBE opts for Brussels EU base
Australian global insurer QBE has decided to move its EU headquarters from London to Brussels.
Seven countries cut diplomatic ties with Qatar
It has become a lot harder to travel to Qatar this week following a major diplomatic spat.
BLM Law to use machine learning and data analytics to predict outcome of claims litigation
BLM law firm has successfully put together a data analytics platform led by Artificial Intelligence in order to help predict the result of litigation that could arise from claims.
Caytons Law offers new service to assist with cyber claims
Caytons Law has developed a claims process service for its insurer clients that offer cyber policies in order to correctly map risk and settle claims appropriately.
RSA chooses Luxembourg for post-Brexit hub
Insurance giant RSA is to set up an office in Luxembourg in response to the UK’s decision to exit the European Union.
Insurtech driving IT investment plans of European insurers
Insurers in Europe are looking to insurtech acquisition and innovation in order to grow their businesses.
Insurers expecting ransomware claims to increase following Wanna Cry hack
Cyber attacks carried out with ransomware are becoming more common with the number of ransomware claims rising to 22.4% in 2017, CFC Underwriting has said.
Direct Line adds Paw Squad to pet offering following strategic investment
Home visit vet service Paw Squad’s video and text consultations are now a standard part of Direct Line pet policies after a strategic investment from the insurer.
Post People 5 - 9 June
The latest people moves from the insurance industry.
Greenwood Insurances merges with Moreland Insurance Brokers
Moreland Insurance Brokers and Greenwoods Insurances have merged into a single company, effective 1 June.
ICA backs Tasmania flood review report
The Insurance Council of Australia is backing calls for the government to invest in more disaster mitigation after last year's deadly flooding in Tasmania.
Singapore's NTUC teams up with IBM to use AI for claims
Singapore insurer NTUC Income has agreed to use IBM's capabilities to help automate hospital claims.