News
Insured costs rise to A$120m for South Australia bushfires
The bushfires in South Australia have so far seen almost A$119.7m (£58m) of claims.
Chennai floods will cost insurers at least $300m
The devastating floods in Chennai, the capital of India's province Tamil Nadu, will cost insurers at least $300m (£198m) in claims as the rains continue.
Chaucer appoints XL Catlin's Callan as CFO
Lloyd's insurer Chaucer has appointed Robert Callan as chief financial officer of Chaucer Syndicates.
Cobra completes second acquisiton of quarter
Cobra Holdings has completed its acquisition of independent commercial insurance broker Philip Paul and Associates.
More data needed to assess impact of telematics on young driver collisions, DfT finds
A Department for Transport report has concluded insurance data alone is not sufficient to assess the impact of telematics-based insurance on young driver accident rates.
Hiscox raids Catlin for product recall team hires
Hiscox has established a product recall team within its London market business with four new hires.
Bogus claimant found guilty in canteen slip and trip
A college chef who claimed for slipping in her work canteen has been found guilty of fraud by false representation, with CCTV evidence vital to the case.
FCA transparency proposal deemed a 'partial solution'
Industry commentators have challenged the Financial Conduct Authority for putting forward a "partial solution" in its proposal that would require general insurers to publish the prior year's premium on renewal notices, announced today (3 December).
Regulator proposes premium reminders for customers
General insurance providers will have to publish the previous year’s premiums on renewal notices if a proposal by the Financial Conduct Authority goes ahead.
Cybercrime threat overlooked by majority of SMEs
Concern over cybercrime exposure is rising among SMEs but the rate is still low, with just 8% of firms worried about such attacks and 17% thinking they're too insignificant to be targeted.
Career File: Tom Bolt to leave Lloyd's in 2016
Lloyd's performance management director Tom Bolt is to leave the corporation in mid-2016 after almost seven years of service.
O'Connor next to leave Brightside
Brightside confirms Des O'Connor will step down as commercial director.
Qatar Re to trade from Bermuda
Qatar Re will re-domicile in Bermuda after receiving approvals from the regulatory body.
Ironshore opens New Zealand office
Ironshore International has opened a New Zealand office in Auckland today.
Guernsey Finance to open Hong Kong office in 2016
Guernsey Finance will open a Hong Kong office in the first quarter of 2016 to focus on South-East Asia.
Serious crash claim costs up by 11% per policy each year
Amounts claimed in severe motor accidents rose but the number of claims made stayed steady, according to a report by the Institute and Faculty of Actuaries.
Pembroke protects artworks from political risk
Fine art and collectable valuables could be protected from seizure and other losses due to political acts through a new product issued by Ironshore International.
XL Catlin's Foster joins Pioneer
Pioneer Underwriters has appointed David Foster as group chief financial officer.
Aon and Scor develop French flood model
Aon Benfield has developed a French flood scenario model in partnership with reinsurer Scor to better prepare for the potential cost of a flood impacting the country's major cities.
Oric records 2014 operational loss events cost £301m
Members of operational risk group Oric International submitted 884 loss events during 2014 with a total value of £301m.
Hiscox opens £19m York office
Hiscox has today (2 December) opened its office in York, a £19m investment.
Hong Kong investigates claims database
The Hong Kong Federation of Insurers has set-up a provisional board to investigate establishing a claims database for Hong Kong.
Gallagher buys in New Zealand
Arthur J Gallagher has bought Timaru-based broker Reid Manson in New Zealand for an undisclosed sum.
Penny Black's Insurance week - 3 December 2015
We recently heard why robbers shouldn’t target any insurer’s chief digital officers as they are likely to be caught on camera by high tech gadgets.