News
Applied Net 2015: No better time in history to be a broker, says CEO French
Reid French, CEO of Applied Systems, has set out what he believes are the five characteristics of the digital agency of the future.
Penny Black's Insurance Week - 22 October 2015
Penny was reminded of her youth when the member of a recent panel on captives discussing longevity confided that computers didn’t exist when he started working.
Aegon follows L&G out of ABI
Aegon plans to follow the precedent set by Legal & General when it leaves the Association of British Insurers at the end of the year.
Inga Beale tops list of most influential LGBT executives
Lloyd's CEO Inga Beale has topped a list of the leading lesbian, gay, bisexual and transgender executives in the country.
Telematics evidence leads to conviction
The growing acceptance of telematics within the legal system has been further demonstrated after evidence provided by a device resulted in a suspended prison sentence for a motorist.
Increased innovation and outsourcing key to driving down household claims expenses
Household insurers have been advised to outsource more claims and increase innovation or run the risk of following the path of the unprofitable motor market.
Absence of specialist underwriters sees Lloyd's cyber risk appetite shrink
Absence of a specialist underwriter and failing to recognise cyber exposure in pricing and capital models have been cited as reasons for Lloyd's potentially limiting the amount of cyber insurance it writes, as UK government data estimates 2.5 million…
European firms not doing enough to understand cyber risk, Marsh finds
Most European organisations are not doing enough to identify, analyse and understand their cyber risks, according to Marsh's 2015 Cyber Risk Survey Report.
Career Development: LMG invites young insurance professionals to help shape the future of the London market
At a forum for young professionals in the Lloyd’s and London market, the London Market Group announced plans to appoint two young professionals to the initiatives within the Target Operating Model.
Career File: Nicolas Aubert: Aubert named Willis Group Holdings CEO
Willis Group Holdings has appointed Nicolas Aubert as CEO of its principal UK-regulated entity Willis Limited.
British Money exits PPI, moves to motor
Payment protection insurance seller British Money has announced it is leaving the scandal-hit sector and moving into the motor insurance market.
Market Moves - 22 October 2015
All the latest movers and shakers on the insurance scene
Industry urges for home-grown FCA appointment
Industry commentators have been left perplexed by reports that Financial Conduct Authority head hunters have approached Australian regulator Greg Medcraft about the top job, and have urged the regulator to choose a CEO who will take the time to get to…
Holland promoted at Triton Global in Australia
Mathew Holland has been promoted at claims service provider Triton Global in Australia.
Liberty Specialty Markets exits UK motor sector
Liberty Specialty Markets, part of Liberty Mutual Insurance Group, is to exit the UK motor market following a strategic review.
BP Marsh doubles profit
Venture capital firm BP Marsh & Partners has doubled its profit before tax for the six months to 31 July 2015 to £3.4m.
Applied Net 2015: Comparing Google
Ellen Carney of Forrester Research has predicted that there will be a 25% reduction in the number of insurance agencies in the US by 2020.
Applied Net 2015: Millennials hold key amid ageing shareholder demographic
The US insurance industry must up its investment in young talent in order to secure a healthy future for the market, according Reagan Consulting principal Thomas Doran.
Applied Net 2015: Smaller brokers told to take long-term approach to M&A
Smaller brokers must focus on “life after the deal” in order to compete against the likes of Arthur J Gallagher and private equity-backed rivals in the booming mergers and acquisition environment.
The Floow signs agreement with Chinese company
Telematics provider The Floow today (19 October) partnered with a Chinese car service organisation with the aim of bringing safer and cheaper mobility to the Chinese market.
Ten Insurance Services furthers staff ownership plan with shares incentive
Network Ten Insurance Services has introduced a shareholder incentive plan as a means for staff to purchase shares in the company.
Barbon hires Cigna's Glynne for commercial role
Barbon Insurance Group has appointed Cigna Insurance Services' Andy Glynne as its commercial director.
Bupa unveils self-referral cancer service
Bupa UK has launched a new self-referral service for breast and bowel cancer sufferers.
LV Broker's Rourke to lead personal lines underwriting
LV Broker has appointed Tim Rourke as its personal lines underwriting head, effective from 1 November.