News
QBE attempts to reassure investors following Brexit
QBE Insurance Group attempted to calm investors ahead of the opening of the Australian stock exchange this morning with a statement claiming they do not anticipate any material impact on their day to day operations following the UK’s vote to leave the EU.
Aviva upgraded after insurer moves to quell investor concerns post Brexit vote
Investment adviser Macquarie has lowered its price target for Aviva to 442p from 502p and upgraded the stock to 'outperform' from 'neutral' following the UK’s vote to leave the EU last week.
UK faces future from "position of strength", says Osborne
Chancellor George Osborne has said there are no immediate plans for an emergency budget and that he will stay on in his role.
UK Eva-Frank flood damages downgraded to £538m
Damages from flooding earlier this year are less than originally thought, Perils has said.
New passporting agreement with EU ‘will be straightforward’
Brexit will have little impact on the financial services sector and a workable agreement with the European Union will be “straightforward”, according to Managing Partners Group.
Direct Line sees more than 200 lightning claims
Direct line has seen more than 200 claims for lightning damage to homes so far this month, with some claims worth up to almost £46,000.
FERMA elects new board members
The Federation of European Risk Management Associations today elected three new board members with hopes of generating fresh perspectives.
XL Group to redomicile to Bermuda from Ireland
XL ordinary shareholders have approved a scheme of arrangement that will change the place of incorporation of the parent holding company to Bermuda from Ireland.
Leave vote will 'significantly damage' insurance market, analysts say
Today’s leave vote has the potential to significantly damage the UK insurance market, several analysts have claimed.
Markerstudy refuses to be drawn on job cut threat
Markerstudy has refused to add anything further to an earlier communication to staff that a Brexit vote "could potentially mean large job losses".
AIG 'evaluating options' following leave vote
AIG are “evaluating their options” following today’s Brexit vote after stating earlier this month that they were considering a new hub elsewhere in Europe if the UK votes to leave.
Brexit: Gender directive too costly too reverse claims AA
The prospect of gender equality for motor insurance being overturned has been raised and dismissed in the wake of UK voters electing to leave the European Union.
Insurance M&A activity will slow following leave vote
Insurance sector transactional activity will slow following today's leave vote, RPC has said.
FCA says regulatory framework is still binding – for now
The Financial Conduct Authority has said that EU regulation related to financial services will remain in place “until any changes are made”.
Aviva said ‘no impact’ from Brexit even as share prices fall
Aviva has said a Brexit will have “no significant impact” on its business even as the company’s share prices drop by 16.83%.
Brexit: Insurers and brokers urge calm as shares tumble
Insurers have urged calm as uncertainty grips the markets and causes share prices to tumble.
Brexit: Solvency II likely to remain says PWC
Solvency II will "almost certainly remain" according to PWC despite the UK voting to leave the European Union as too much time, money and effort has been invested in it and the regulation is enshrined in UK Law.
Brexit: Lloyd’s will stay at the centre of global specialist insurance despite Brexit says Nelson
The Lloyd’s chairman, John Nelson, has responded to the European vote saying Lloyd's will remain at the "centre" of the global sector.
Pound drops to lowest point since 1985 as UK votes to leave EU
The UK has voted to leave the European Union by 52% to 48% after 43 years in an historic referendum.
Mobile experience with insurance providers worse than any other sector
The mobile experience with insurance providers leave customers less satisfied than with any other type of company, a global survey has found.
Generali launches ‘disruptive’ health scheme
Generali has launched a “disruptive” health incentive programme for life and occupational disability policyholders.
Channel Syndicate launch Innovation Division
Channel Syndicate 2015 has appointed Tom Allen as head of technology and cyber insurance as part of its new Innovation Division.
Liberty to make 70 redundancies in Ireland
Liberty Insurance is realigning its commercial insurance and back office functions in Ireland with an expected 70 redundancies as a result.
HDI Global expands into Scotland with Glasgow office
HDI Global is strengthening its regional footprint by establishing a presence in Scotland.