News
LV appoints Richard Rowney as CEO
Richard Rowney has been announced as successor to Mike Rogers as chief executive of LV.
Profit-making in motor insurance market goes off track
The motor insurance market is set to experience significant losses in premiums over the next year.
Tobias Andersson appointed as CEO of Guy Carpenter Stockholm
Guy Carpenter & Company today announced the appointment of Tobias Andersson as CEO of GC Stockholm, following his predecessor Tomas Ljungqvist’s appointment as chairman of the division.
Stephen Manning to step down from Sompo Canopius
Stephen Manning, the chief operating officer of Sompo Canopius, will leave the role at the end of the year.
AIG mulls new hub away from London if UK votes for Brexit
AIG could establish a hub elsewhere in Europe if a Brexit occurs, the company’s chief executive Peter Hancock said.
Flood Re doubles insurer signings since April launch
The number of insurers signed up with Flood Re has more than doubled since the scheme’s April launch, it was revealed yesterday.
Global Insurance Forum: Insurance will help Asean grow
Experts agree there are a host of insurance opportunities across Asean's fast growing markets.
Insurers face skills shortages in software and digital
Insurers in the life and general insurance sectors are planning to hire more staff with digital skills, according to a survey.
Crawford & Co launches Alternative Business Structure
Jason Spencer will join Crawford in setting up the alternative business structure (ABS) in order to deliver a wider variety of services.
Fraudster sentenced for using charity’s bank details to buy insurance policy
A Bolton man has been given a suspended sentence after using a charity's bank account to take out an insurance policy.
Rob Flynn to replace Phil Wilson-Brown at More Than
More Than, part of insurance group RSA, announced the appointment of Rob Flynn as managing director today, replacing outgoing MD Phil Wilson-Brown.
Cyber insurance could be worth billions, ABI claims
The market for cyber insurance could be worth billions in future as companies start to understand the risks, the ABI said.
Foo Fighters sue Lloyd's insurers over cancelled gigs following Paris terrorist attacks
Musicians the Foo Fighters have filed a suit against insurers for failing to reimburse cancelled European shows following the Paris terrorist attacks last November.
Mutual and cooperative sector sees above average growth
Three-quarters of the world’s biggest cooperative and mutual insurers saw positive premium growth in 2014, and 18% saw double digit growth in the same year.
Markerstudy CEO warns about possible job cuts following a Brexit
Markerstudy’s group CEO has warned staff that jobs at the company could be at risk if they vote to leave the European Union.
Thomas Miller launches Thomas Miller Specialty
Thomas Miller, which manages the UK and TT Protection & Indemnity clubs, has launched a new group business, Thomas Miller Specialty.
Automated cars will be the norm by 2050, says Thatcham
By 2050 all drivers in the UK will use fully automated cars, according to Matthew Avery, director of insurance research at Thatcham Research.
Allianz hits out against new EIOPA stress tests
Europe-wide stress tests are “extreme” and unlikely to provide a meaningful picture of the health of the industry, Allianz has warned.
Video: Improving access to justice
The review into add-ons by the Financial Conduct Authority has pushed legal expenses insurance into the spotlight.
Video: Digital Insurance Collective - The value of design thinking
Post's Digital Insurance Collective tried to #WakeUpInsurance with a session on design thinking.
Jepp appointed MD for Zurich Municipal as Torry promoted to head of UK life business
Zurich has appointed Andrew Jepp as Zurich Municipal managing director as Anne Torry steps up as head of its life business, and CEO of Zurich Assurance and Sterling Investment Managers.
Cyber language will become ubiquitous, says Bolt
Five years from now every insurance policy will have cyber language in it, according to Tom Bolt, the recently installed president of UK and Southern Europe at Berkshire Hathaway Specialty Insurance.
Lack of understanding among public fuels reputation crisis for UK insurers
Less than one-third of the UK public trust insurance companies, data from the Reputation Institute suggests.
Compre announces fourth acquisition of the year
Insurance and reinsurance legacy specialist Compre has acquired Allianz IARD’s Ridgwell Fox & Partners pool legacy reinsurance business for an undisclosed sum.