News
Independent Hong Kong regulator targets Q2 beginning
Hong Kong's Insurance Authority has told Insurance Post that a new regulatory regime for insurance brokers could take until the second quarter of 2019 to implement.
Over 100 bushfires across New South Wales as heat records tumble
New South Wales has seen 120 bushfires over the last few days as temperatures in the state hit record highs over the weekend.
Aviva launches home assistance cover with Homeserve
Aviva has partnered with Homeserve to launch home assistance cover to support customers in the event of problems in households.
Over-regulation is main concern for insurance CEOs, says PWC
Fears about over-regulation, the rise of technology, new market entrants, and shifting customer expectations are just some of the issues keeping insurance industry bosses up at night, according to PWC.
Talbot launches Lloyd's led terror facilities
Validus subsidiary Talbot Underwriting has launched three Lloyd’s led terror facilities in the Singapore, Latin American and Dubai markets.
Insured nat cat losses total $39.5bn in 2016 says Willis Re
Global insured natural catastrophe losses totalled $39.5bn (£31.3bn) in 2016, the highest market losses since 2012’s $60bn, according to Willis Re.
Legal expenses insurers to face hit from whiplash reforms
Firms offering legal expenses insurance could face heavy losses from "draconian" whiplash reforms.
Aon revenue falls 2% in 2016
Global broker Aon reported a 2% drop in revenue in its overall 2016 full year results.
Sovereign Capital backing management buy-out of Irish broker Arachas
UK private equity firm Sovereign Capital is backing the management buy-out of Irish brokerage Arachas Corporate Brokers.
Castle Cover closure a sign of things to come, experts warn
Ageas broker Castle Cover's closure is a symptom of changing consumer behaviour, experts warned.
Personal insurers are not placing enough digital investment into claims process
Leading personal lines insurers are placing a bigger focus on digital investment for customer acquisition rather than retention, research shows.
Blackstone to acquire Aon's benefits outsourcing for $4.8bn
Private equity firm Blackstone has agreed to acquire Aon Hewitt's employee benefits outsourcing business for around $4.8bn (£3.8bn).
US weather losses exceed $1bn in January
Losses caused by severe weather outbreaks in the United States have exceeded $1bn (£800m) in January, according to the latest Aon catastrophe report.
Fagen leaves QBE and ICA position
QBE's group chief operations officer Colin Fagen has left the company this week and as a result has relinquished his role as president of the Insurance Council of Australia.
Fairfax has bid accepted for New Zealand's Tower
Canadian group Fairfax Financial has agreed to buy Auckland-based commercial and personal lines insurer Tower for NZ$197m (£113m).
Novae promotes Trueman to chief innovation officer
Novae has promoted Dan Trueman to the role of chief innovation officer
Liberty syndicate adds onshore energy & construction
Liberty Specialty Markets is to expand its syndicate business in Lloyd’s to include onshore energy and construction.
Industry customer satisfaction on the rise
Overall customer satisfaction in the insurance sector has increased over the past year, according to the UK Customer Satisfaction Index.
Ageas' Castle Cover closes to new business
Ageas' over-50s broker Castle Cover has closed its doors to new business.
Zurich UK GI sees profits stabilise
Zurich UK’s general insurance division has posted £147m in operating profit for last year, an increase of 137% from the previous year.
Bought By Many launches new pet insurance product
Insurtech start-up Bought By Many has launched its first pet insurance product following its £7.5m investment round.
Remaining Enterprise claims 'progressing rapidly', liquidator confirms
Premium claims yet to be returned to Enterprise policyholders will "progress rapidly" over the coming weeks, liquidator Freddie White has confirmed.
Aviva offloads French life insurance holding
UK-headquartered insurer Aviva has sold its entire 50% shareholding in Paris-headquartered life insurance joint venture Antarius.
Marketing chief Giles leaves AIA for Chubb
Marcus Giles, who formerly worked at Ace from 1999 to 2010, has left his role as head of direct marketing at AIA to join Chubb.