News
Greenberg loses AIG court battle
Maurice 'Hank' Greenberg and Starr International have lost the right to pursue claims over the 2008 US government bailout of global giant AIG.
Willis Towers Watson appoints Houghton in Asia
Global broker consultancy Willis Towers Watson has appointed Matt Houghton as a senior consultant for Asia-Pacific.
Towergate to cut costs by £51m by 2018
Towergate is to cut expenses costs by £51m across the group by the first quarter of 2018, the firm said.
Markerstudy to launch commercial MGA Guild Business Insurance
Markerstudy is set to launch a managing general agent, Guild Business Insurance, for rated commercial products.
BIBA 2017: The conference, as it happened
The British Insurance Brokers' Association held its 2017 conference in Manchester.
Strong investment results bolster Munich Re's Q1 profits
Munich Re saw a 28% rise in profit in the first quarter of 2017, up to €557m (£469.6m) from €436m for the same period in the previous year.
Majority of brokers concerned about Ogden rate decision
More than 70% of brokers are concerned over the Ogden discount rate and the effect it could have on the number of people buying their policies, according to Covea’s latest broker survey.
Broker Network will not rejoin Towergate, CEO confirms
Broker Network will not rejoin Towergate as part of HPS and MDP’s newly formed general insurance giant.
Legal & General appoints Carol Hughes as head of regional broker
Legal & General has appointed Carol Hughes as head of regional broker within its GI division.
Hiscox chooses Luxembourg as post-Brexit base
Hiscox has announced plans to open a European subsidiary in Luxembourg in response to Britain’s exit from the European Union.
Towergate posts profit and revenue growth in first quarter
Towergate has delivered the third consecutive quarter of year-on-year growth as profit and revenue continue to climb in the first three months of 2017.
Towergate backers launch general insurance giant
Towergate backers HPS Investment Partners and Madison Dearborn Partners will consolidate Towergate with Autonet, Chase Templeton, Price Forbes and Ryan Direct to form a general insurance giant.
Perils estimates Cyclone Debbie costs at A$1.12bn
Zurich-owned catastrophe modeler Perils has estimated the insured property market loss from March's Cyclone Debbie is A$1.12bn.
Markel marine underwriter swaps Sweden for Singapore
Markel International Singapore has recruited a marine underwriter from the specialty insurer's office in Stockholm, Sweden.
Salem replaces Harris at AIG Singapore
Claudia Salem has been promoted to CEO Singapore and head of country operations for South East Asia at global insurer AIG.
AI unlikely to wipe out jobs but will have 'significant' impact on insurance industry
Investment into Artificial Intelligence start-ups has gone up by 80% since January last year but there is some time to go before technology wipes out jobs in the industry.
Insurance industry heavyweights make it on 2017 rich list
Admiral founder and CEO Henry Engelhardt, BGL founder Douw Steyn, and Saga Group’s Sir Roger and Peter De Haan, are among industry figures in the latest Sunday Times Rich List.
Hood Group gets government funding for AI and machine learning project
Hood Group has secured over £96,000 in government funding from Innovate UK that will help it develop data and Artificial Intelligence services.
Three in court tomorrow for murder of Guy Hedger
Three men will appear in court tomorrow for the murder of insurance marketing executive Guy Hedger.
UK General hires Bluefin chief risk officer
UK General has appointed former Bluefin executive Jane Bean as chief risk officer.
Hong Kong Insurance Authority appoints CEO and senior directors
The Hong Kong Commissioner of Insurance John Leung Chi-yan has been appointed as CEO of the incoming Insurance Authority for one year.
Post Claims Club: Travel sickness claims surge driven by claims farming
Travel sickness claims have soared as legal firms push holidaymakers into making spurious claims, a Post event heard.
UK General chief risk officer resigns
UK General chief risk officer Steve Blott has left the business.
Finch to buy three more brokers before September
Finch is in talks to acquire three more brokers before September.