News
Emerging technology, operational risk and talent usurp cyber as biggest concern among insurer CEOs
Cyber has dropped from the biggest concern among insurance bosses to seventh, according to the latest CEO Outlook from consultancy KPMG.
Vienna Insurance Group reports pre-tax profit of €220.5m in H1
Vienna Insurance Group has reported a 9.6% rise in its pre-tax profit to €220.5m (£202.0m) during the first half of 2017 compared to €201.3 (£184.42m) in the same period last year.
Validus adds RSA to its subrogation community
RSA has become the latest insurer to sign up to Validus' Verify portal.
IGI Holdings reports improvement in COR despite 'challenging market'
Dubai registered International General Insurance Holdings Limited has reported an improvement in its combined operating ratio from 89.8% in H1 2016 to 81.9% during H1 of this year.
Ascot launches specialty MGA Ethos
Ascot Group has created a standalone managing general agent and appointed Michael Sillat as CEO, effective 1 December 2017.
More than half of insurers now use My Licence
With 52% of insurers using My Licence, the Motor Insurers' Bureau hit its adoption target for the platform in Q2.
Axa's Drouffe moves to Singapore
Global insurer Axa has appointed Jean Drouffe as CEO Axa Singapore following the promotion of previous Singapore CEO Doina Palici-Chehab.
Chubb appoints Gschossmann in Singapore
Global P&C insurer Chubb has appointed Johannes Gschossmann as head of financial lines in Singapore.
Kwok moves from QBE to XL Catlin in Hong Kong
Alice Kwok has joined XL Catlin from QBE-HKSI in Hong Kong as a marine underwriter.
Elite Insurance falls £9.7m short of SCR
Gibraltar-based insurer, Elite Insurance has fallen £9.7m short on its solvency capital requirement in the year to 31 March 2017, despite a sizeable strengthening in its reserves.
Verisk acquires Sequel from HG Capital for £250m
Data analytics provider, Verisk Analytics has decided it will acquire UK software provider, Sequel, from Hg Capital and other shareholders for £250 million.
Ageas UK injects £24m into Retail business after Kwik Fit loss
Ageas UK has been forced to inject £24m into its Retail broking division to patch up an £18m dent left in the unit’s finances following the closure of Kwik Fit Insurance services.
Hiscox partners with Digital Fineprint to tackle underinsurance of SME clients
Hiscox has partnered with insurtech start-up Digital Fineprint in order to gauge how social media data can be used to educate business on the risks they face and the insurance solutions that are available to them.
Increase in cyber insurance take up to boost commercial sector, says HDI Global CEO
Cyber insurance cover is an increasingly important focus area for HDI Global, according to CEO Christian Hinsch.
Munich Re launches cyber cover for oil and gas sector
In an industry first, Munich Re has launched insurance cover to help tackle cyber exposures posed to the independent upstream oil and gas sector.
AIR estimates insured losses of $56bn if Hurricane Andrew were to strike again
AIR’s has estimated that if Hurricane Andrew were to recur today, the expected total industry insured losses would be approximately $56 billion (£43.48bn), based on today’s exposures.
HDI Global eyes up international expansion as premiums top £2.5bn in H1
German commercial insurer HDI Global has reported gross written premiums of €2.8bn (£2.5bn) as the business continued to grow in the first half of 2017.
LMA launches working party to tackle banking regulations
The Lloyd’s Market Association has launched a political risk working group to examine regulatory issues affecting banking sector.
Compre snaps up legacy book from Norway's Gjensidige Forsikring
Compre has acquired a legacy portfolio from the Norwegian insurer Gjensidige Forsikring for an undisclosed sum.
Richard Hextall to leave MS Amlin
MS Amlin has appointed Chris Rash as chief finance and operations officer following Richard Hextall’s decision to depart from the company at the end of September this year.
Liberian oil tanker collides with US navy ship near Singapore
A large Liberian oil vessel, Alnic MC, has collided with a US guided missile destroyer, the USS John S. McCain, near Singapore early this morning while it was still dark.
Snowdon swaps Willis Towers Watson for JLT Asia
Kevin Snowdon, director risk and analytics - Asia, for international broker consultancy Willis Towers Watson is leaving the firm to join rival JLT Asia.
Week in Post: Last of the summer wine
This week we’ve seen some major acquisitions in the summer lull between the tail-end of results season, and everyone heading off to their holidays in Spain.
Aviva strongest brand in the motor market
Aviva has the greatest brand power in the retail motor market, with Hastings, Admiral, Adrian Flux and LV making up the top five most searched for insurers.