News
Nate makes US landfall, weakens to a tropical depression
Hurricane Nate, the fourth hurricane to make landfall in the US in the past two months, has weakened to a tropical depression.
PPL update goes live with carrier integration capability
The latest update to the London market’s electronic placing platform went live today, bringing the first phase of a carrier integration capability.
Lockton names Willis P&C co-head to lead global marine
Lockton has hired Alistair Rivers as global head of marine and transportation.
Guidewire buys risk analytics firm Cyence
US software house Guidewire has reached an agreement to acquire California-based data and risk analytics firm Cyence for $275m (£210m) through a mix of cash and shares.
MS&AD hit by large hurricane losses
Japanese insurance giant MS&AD has announced preliminary loss estimates for the recent devastating US hurricanes and Mexico earthquake.
GIC Re to IPO this week
Indian state-owned reinsurer GIC Re is to open its initial public offering for 14.2% of the company this week.
Dual North America names new CEO
Dual North America has promoted Jon Beckham as CEO.
This Month in Post: I met your new robot overlords
Chatbots are all the rage at present, but a cursory test of a few available systems shows that we’re still a long way from passing the Turing test.
Fraud Awards 2017: Winners and highly commended
The leading lights of the claims sector gathered at the Brewery in London on Thursday night to mark this year's fraud fighters.
Willis Re and Tiger Risk team up on reinsurance placement platform
Willis Re and Tiger Risk Partners have teamed up to develop the X-gRm reinsurance online placement platform.
Steve Eccles named CUO at Argo
Specialty underwriter Argo Group has named Steve Eccles as chief underwriting officer for its international business, subject to regulatory approval.
Gareth Birch replaces Martin Oliver as managing director of personal lines at Gallagher
Arthur J. Gallagher has appointed Gareth Birch as managing director of its UK small business & personal lines division.
Gallagher Bassett partners with icare in New South Wales
Claims service provider Gallagher Bassett has signed a three year agreement with a New South Wales residential building insurance scheme.
Customers remain 'underwhelmed' despite $1.8bn insurtech investment
Investment into insurtech has already reached $1.8bn (£1.37bn) this year, however customers have yet to see any benefits in terms of improved customer experience, research has found.
Greg Fleming steps down from Lloyd’s Council
Greg Fleming has resigned from his position on the Council of Lloyd’s as a result of work commitments.
R&Q raises £45m additional capital to fund growth plans
Randall & Quilter has raised £45m in share capital which will provide “significant growth opportunities” in future, the company said.
Eight out 10 brokers confident over London’s post-Brexit prospects
Eight out 10 London market brokers remain bullish over the prospect of the capital retaining its global position in the wake of Brexit.
Aviva acquires majority shareholding in digital investment firm
Aviva has agreed to acquire a majority shareholding in the holding company of digital investment firm Wealthify.
Rural Insurance signs £41m capacity deal with Zurich
Rural Insurance has signed a long term capacity deal with Zurich worth £41m.
Penny Black's Social World - October 2017
Picture prizes, Harvey help, and determined dancers and drivers
Grenfell Tower insurer rejects two fraudulent claims
Exclusive: The insurer of Grenfell Tower has rejected two fraudulent claims over the fire, and paid out five others.
XL Catlin's innovation team partners with AI-driven startup
XL Catlin’s international innovation team, Accelerate has partnered with Cytora, an Artificial intelligence-driven insurtech based in the UK.
Davies Group sees revenue increase 23%
Davies Group has seen revenue increase 23% to £55.1m for the year ending 30 June 2017.
Brunel Group to launch broker venture in December
Brunel Group is set to launch broker Brunel Insurance Brokers, with new hire Matt Harlin appointed as managing director.