News
Neon looks to Hiscox for new property underwriter
Former Hiscox underwriter Ben Murphy has joined Neon’s property Insurance team in London.
Marsh appoints David Nayler as leader of UK Financial Institutions Industry Practice
Marsh has appointed David Nayler as leader of its UK Financial Institutions Industry Practice.
Ascot launches P&C MGA Vertical
Ascot Group has launched Vertical Underwriting Managers, a specialty managing general agent cell under Ethos Specialty Insurance Services.
CMC has license revoked by Claims Management Regulator
A holiday-sickness firm has had its license revoked by the Claims Management Regulator after it had encouraged holiday goers to fabricate gastric illness claims.
Lloyd's syndicates file counterclaim against Kanye West
Multiple Lloyd’s syndicates have filed a counterclaim against singer Kanye West.
London Market insurers take fall after Harvey, no sign of ratings rise
Hurricane Harvey’s deluge of wind and rain across Houston and the Texas Gulf Coast hurt the shares of London Market property and casualty insurers on Tuesday as analysts peg insured losses as high as $20bn (£15.5bn).
Allianz acquires Nigerian insurer Ensure
Allianz has acquired a 98% stake in Nigerian insurer Ensure Insurance, subject to regulatory approvals.
Market veteran Ian Burford joins Fidelis as specialised risks chairman
Ian Burford is joining Fidelis’ London underwriting team as chairman of specialised risks.
Vienna Insurance Group completes merger with Wiener Städtische Osiguranje
Vienna Insurance Group has completed its merger with Wiener Städtische Osiguranje and the two Axa companies it acquired last year.
Donegan steps down as Price Forbes CEO as Masterton steps up
Michael Donegan has stepped down as CEO of Price Forbes to become a strategic advisor of The Ardonagh Group.
Novae shareholders give Axis deal the green light
Novae shareholders have overwhelmingly accepted a £477.6m takeover by Axis Capital with approximately 99.97% of shareholder votes cast in favour of the proposal.
Calling all brokers, there is still time to shape the 2017 Underwriting Service Awards
Brokers, there is still time left to shape the runners and riders for this year’s Underwriting Service Awards.
NFU Mutual ranks lowest for digital services in home and motor lines
Just 4% of leading insurers are providing digital services in their claims process within home and motor lines of business.
Brightside office relocation puts 90 jobs at risk
Brightside has revealed proposals to relocate its medical reporting business IQED from its present site in Cardiff to the group’s headquarters in Aust.
Jabsheh moves to London to take on role as IGI UK executive director
International General Insurance Holdings has appointed Waleed Jabsheh as executive director of its UK board.
Personal injury claimant jailed for fraudulent claim against Hastings Direct
A personal injury claimant has been jailed for making a false claim against Hastings Direct.
Insurance Europe responds to Vnuk consultation
Insurance Europe and the Council of Bureaux have issued a joint response to the European Commission’s inception impact assessment on the Refit review of the Motor Insurance Directive.
Sherpa raises $2.3m during seed funding round prior to UK expansion
Insurtech start-up Sherpa has raised $2.3 million in funding from angel investors prior to its launch in the UK later this year.
German insurtech start-up raises $10m seed investment
Berlin-based insurtech start-up Coya has raised a seed investment of over $10m from global investors including Brolly backer Valar Ventures.
Insured losses from Hurricane Harvey to range into the billions
Insured losses resulting from Hurricane Harvey’s winds and storm surge could range from $1.2bn (£0.93bn) to $2.3bn (£1.78bn), according to AIR Worldwide.
Uninsured driver claims rise for first time in over a decade
The Motor Insurers' Bureau has seen an increase in the number of uninsured driver claims for the first time in over a decade.
Cunningham Lindsey recruits in Australia and promotes in the Middle East
Global loss adjuster Cunningham Lindsey has hired in New South Wales and made a senior promotion in Dubai.
GM Consultant hires in Asia-Pacific
Experienced former broker and underwriter Sue Yen Leow has joined international loss adjuster GM Consultant as business development manager, Asia-Pacific.
This Week in Post: Is there a driver on board this truck?
Living in South London, I’m in an on-off relationship with my broadband connection. My unreliable web access is irritating – although it is probably not as bad as in certain rural areas.