News
AGCS partners with crisis management specialist
Allianz Global Corporate & Specialty is partnering with crisis management firm red24 to help manage product recalls and emergency evacuations.
Alibaba-backed Chinese internet insurer raises $931m
Zhong An Insurance has raised 5.78bn yuan ($931m) in its first private round of financing according to a report.
Willis expands in Taiwan with Elite acquisition
Willis has bought corporate broker Elite Risk Services in Taipei for an undisclosed amount.
Life sciences insurers facing recruitment challenges
Ensuring those who write life science policies remain up-to-date with the latest scientific developments is a key challenge, with those who work in-house often finding themselves out of the loop on key developments.
Marsh placement and development boss Patston joins Touchstone
Seventeen Group subsidiary Touchstone Underwriting has hired Marsh’s placement and development leader Mike Patston as divisional director of liability and construction.
David Croom-Johnson given Aegis London MD role on permanent basis
Aegis London has named David Croom-Johnson as its new managing director. The firm has also announced a series of promotions within its senior management team.
AIG warns of shifting causes of loss through ‘internet of things'
The "internet of things" has the potential to shift the root causes of loss to new, untested arenas, according to an AIG report released today (11 June).
Towergate hires Carolyn Callan for new role
Towergate has appointed Carolyn Callan to the newly-created role of business development and marketing director for Towergate Insurance Brokers.
IT upgrade ‘central' to ERS's transformation
Specialist motor insurer ERS has invested £20m on an IT upgrade it says was a central part of the business's overall transformation.
Directors could be held personally liable for cyber attacks
Company directors and officers could be personally exposed to lawsuits, shareholder actions and regulatory activity if they are found to have breached their duty in the wake of a cyber-attack, according to Marsh.
LMA and IUA release Insurance Act guide
The Lloyd's Market Association and the International Underwriting Association have published a guide to the Insurance Act 2015 to help readers understand any potential challenges under the new law.
Osborne confirms support for insurance sector in Mansion House speech
Chancellor of the Exchequer George Osborne reiterated the government's commitment to making the City of London the leading centre for insurance and reinsurance business in his annual Mansion House Speech last night (10 June).
Aviva finds fraudulent claims totalled £95m in 2014
Aviva has detected more than 14,000 fraudulent claims, totalling £95m, over the course of 2014.
Fidelis model could usher in era of 'responsible underwriting', says Brindle
The business model pioneered by new insurance start-up Fidelis could stoke a move towards more “responsible underwriting”, according to CEO and chief underwriting officer Richard Brindle.
AIG sells Taiwan personal lines and SME book for $158m
AIG has decided to focus on large commercial risks in Taiwan after agreeing to sell its personal lines and SME book to Nan Shan Life for $158m (£102m).
Absolute adds Scotland Yard terrorism head to team
Insurance investigator Absolute has hired former police assistant commissioner Andy Hayman as its strategic adviser and professional standards head.
Independent brokers to benefit from R&Q's delegated authority platform
R&Q Commercial Risk Services has launched a delegated authority platform targeting independent brokers.
Zurich's global CEO "deeply regrets" Lehmann's departure
Alex Lehmann, Zurich's chief risk officer and chairman of Europe, Middle East and Africa, will leave the insurer by the end of the year.
PICC paid 10m yuan within 36 hours of Yangtze shipping disaster
PICC, the insurer for the ship that capsized in the Yangtze river, had already paid out 10m yuan (£1m) within 36 hours of the tragedy.
Now Compare parent to launch insurance company and Frank Bruno ad campaign
The Hong Kong-headquartered broking group Alliance has received approval to launch its own insurance company in the third quarter of 2015.
Former QBE underwriter Bathia to join new Capita-backed syndicate
Capita Managing Agency and Panamanian insurer Istmo Re have received "in principle" approval from the Lloyd's Franchise Board to establish a new Lloyd's syndicate under Capita management.
Aviva unveils cyber cover for SMEs
Aviva has launched its first cyber cover designed for small to mid-market customers to help combat the increasing threat of data and privacy breaches.
Insure the Box places 60 employees on notice of redundancy
Sixty members of staff have been put on redundancy notice at telematics firm Insure the Box, Post has learnt.
Ryan Direct Group rethinks European presence
Outsourcing provider Ryan Direct Group has placed its European business into run-off just two years after taking over the running of the ex-Jubilee Amsterdam-based operation, Post can reveal.