News
ICA calls for A$200m disaster mitigation funding as Debbie claims rise
As claims from Cyclone Debbie rise to A$660m (£398m) the Insurance Council of Australia is urging the Australian government to increase disaster mitigation funding.
LV to cover reinsurance rate rises with higher premiums
LV will cover any reinsurance price rises as a result of the Ogden rate cut solely through premium increases.
Kieran Rigby appointed as president of Crawford International
Kieran Rigby has been appointed to president of Crawford international, encompassing the UK, Europe, Asia-Pacific and Latin America.
Industry wary of consultation on 'virtually unenforceable' Vnuk ruling
Industry bodies have raised concerns about the government’s consultation on the ‘Vnuk judgement’, saying that it could lead to increased costs and fraud.
British Insurance Awards: 2017 shortlist revealed
Today we reveal the companies that will be in the running for the 23rd British Insurance Awards at the Royal Albert Hall.
LV takes £139m hit from Ogden cut
LV took an £139m hit to strengthen its claims reserves as a result of the decision to cut the Ogden rate.
Paulson to leave AIG's board
Activist shareholder and hedge fund manager John Paulson is set to leave US-headquartered global insurer AIG.
Allianz appoints experienced M&A practitioner in Asia-Pacific
German international insurer Allianz has hired a senior executive in Asia-Pacific from Insurance Australia Group.
XL Catlin promotes for Asia-Pacific leadership role
Global P&C insurer XL Catlin has promoted a senior member of its Australian team.
'Business as usual' at Probitas despite owner Istmo's liquidation
Lloyd’s syndicate Probitas 1492 has stated it will continue to trade as usual following the appointment of liquidators at majority owner Istmo Re.
Motor premiums continue to rise into Q1 2017
Motorists are now paying on average £110 more for comprehensive car insurance than they did this time last year.
Aspen Insurance teams up with US Risk on marine
Aspen Insurance will offer marine insurance across the United States through a partnership with the wholesale broker US Risk.
Brexit uncertainty to curb European insurance M&A
The political uncertainty surrounding Brexit will reduce merger and acquisition deals in Europe, according to AM Best.
Chubb makes senior appointments in Asia-Pacific
Global property and casualty insurer Chubb has bolstered its team in Asia-Pacific.
Asia M&A deals surge in Q1
There was a significant number of merger and acquisition transactions over $100m (£80.5m) completed by Asian companies in the first quarter of 2017 according to consultancy and broker Willis Towers Watson.
Obituary: Neil Mills, ‘the Pope’ of Lloyd’s
Neil Mills, a well known insurance broker known as the “the Pope” at Lloyd’s of London, passed away on 3 March aged 93.
Crash for crash gang sentenced to over 33 years following IFB investigation
A crash for cash gang have been sentence to over 33 years for carrying out a fraud that had the potential cost of £500,000.
Building Block expands into Spain
Malta-based Building Block has signed an agreement with broker Slora to sell gadget insurance in Spain.
Post People: 10 - 14 April
The latest people moves in the industry.
Ghost broker sentenced after 22 counts of fraud
A ghost broker has received a suspended sentence of 16 weeks in prison after putting drivers at risk by setting up false insurance policies.
Suncorp returns to central Christchurch
After working in temporary offices since the Christchurch earthquake in February 2011 Suncorp has returned to the heart of the CBD.
Chairman of China's insurance regulator under investigation
Xiang Junbo, chairman of the China Insurance Regulatory Commission, is under investigation by the Communist party's anti-corruption unit.
Willis Towers Watson CFO Millay to retire
Willis Towers Watson’s chief financial officer Roger Millay is to retire in October.
Terrorism and political risk threat increases worldwide
Businesses with domestic and international footprints face an increasing threat of terrorism risk as Western countries experience a sharp increase in such attacks, according to risk analysts.