News
XL Catlin hires former AIG underwriters in Asia
Global insurer XL Catlin has recruited two former AIG experienced members of staff in Asia.
State of emergency in Florida as Hurricane Irma approaches
Florida governor Rick Scott has declared a state of emergency for every county in the state as powerful storm Hurricane Irma approaches.
R&Q to continue trend of disposals and acquisitions in H2
R&Q will continue to dispose of non-key assets in the second half of the year following a 345% increase in pre-tax profit in H1.
Harvey unlikely to drive ratings downgrades
Hurricane Harvey is unlikely to trigger ratings downgrades for property and casualty insurers and reinsurers, said Fitch Ratings.
Helvetia posts 8% boost in profits for H1
Swiss insurance group Helvetia increased its profits by 8% to SFr 258m (£208m) in the first half of 2017.
Ransomware attacks account for 25% of all hacks across UK businesses
Ransomware hacks now account for 25% of cyber attacks in the UK, according to research.
R&Q profits up by 345% in H1
Randall & Quilter has seen a 345% increase in pre-tax profit in H1 over the same period last year.
Chubb bolsters cyber underwriting team in Asia-Pacific
Global P&C insurer Chubb has made one promotion and relocated another staff member to bolster its Asia-Pacific cyber team.
Harvey could be most expensive natural disaster in US history, says AccuWeather
Hurricane Harvey could be the most expensive natural disaster in American history, costing the US economy $190bn, according to AccuWeather.
Charlotte Halkett moves to BuzzMove sister company as it looks to move into household insurance
Ex-Insure The Box communications general manager, Charlotte Halkett, has been appointed as managing director of insurtech company BuzzVault as it looks to expand into household insurance.
MGR names Vasquez head of international underwriting
Mapfre Global Risks has named Carlos Vasquez as international head of underwriting.
Worry+Peace enters partnership with SchemeServe
Cloud-based insurance software provider SchemeServe has entered a partnership with insurtech start-up, Worry+Peace, to provide brokers access to distribution channels.
This week in Post: Thoughts with Texas
The world watched with horror last weekend as Hurricane Harvey made landfall, its high winds bringing devastation to Texas. It’s been downgraded to a tropical storm but the floods from its torrential rains continue to wreak havoc.
UK Insurtech investment brings in £218m in the first half of 2017
Investment in UK insurtech has increased to £218m in the first half of 2017 compared to £7.3m in the previous year.
Economic losses from Harvey could top $90bn
Economic losses caused by wind, storm surge, and inland flooding from Hurricane Harvey could be as high as $90bn (£69.6bn), according to data from risk modelling firm RMS.
Marshall Wooldridge acquires Sheffield-based ECS Brokers
Broker Marshall Wooldridge has acquired ECS Insurance Brokers a year on from itself being acquired by Global Risk Partners.
Mike Reeves joins Vericlaim's international business development board
Mike Reeves, has joined the international business development team of Vericlaim’s parent company, Sedgwick, after spending 40 years at Crawfords.
Zurich appoints Alison Martin as group chief risk officer
Zurich has appointed Alison Martin as group chief risk officer, effective January 2018.
Lloyd's premiums predicted to decline
Premium growth at Lloyd's is likely to slow as competition intensifies and economic growth remains tepid, according to Moody's Investors Service.
Consortium acquires Canopius from Sompo for $952m
Canopius has been acquired by a private equity consortium led by Centerbridge Partners and including the private investment firm Gallatin Point Capital for $952m (£736.5m).
JLT acquires Belgian broker Belgibo
JLT has acquired Belgian specialty broker Belgibo from Exmar Group to further secure a post-Brexit presence on the continent.
Ardonagh Group acquires Healthy Pets
The Ardonagh Group, the Towergate holding company, has acquired Petersfield-based Healthy Pets.
Quiz of the week: Old school insurance
Can you recognise these insurance industry figures in those old school pictures?
Obituary: Robert 'Bob' Newhouse
Former vice chairman of Marsh & McLennan Robert “Bob” Newhouse Jr. has passed away following a brief illness.