News
London market has 'resilience to survive $200bn loss event'
The London market has sufficient resilience to withstand a $200bn (£160bn) loss caused by two major events over a two week period, according to a stress test conducted by an industry steering group.
Government apprenticeship reforms carry 'spectre of unintended consequences' says CII
The Chartered Insurance Institute said it is concerned over the “spectre of unintended consequences” following the implementation of the government’s planned apprenticeship levy.
European carriers see biggest growth opportunity in innovation
European insurers believe that failure to innovate will restrict growth and see them fall behind market competition, a study has shown.
FCA launches consultation on handbook changes
The Financial Conduct Authority has launched a consultation paper on the handbook changes needed to reflect the new insurance linked securities regime.
ABI calls for changes to ‘flawed’ Solvency II risk margin
Insurers have submitted a request to the regulator for changes over a “flawed” portion of Solvency II.
AI service could transform claims handling of damaged vehicles
Artificial intelligence that can estimate vehicle repair costs within seconds just by analysing an image has the power to revolutionise claims handling, developers said.
Charles Taylor opens Panama office
Charles Taylor has opened an office in Panama to market captive insurance services to businesses across Latin America.
QBE denies £12.1bn Allianz takeover bid
QBE said there was “no basis” to reports it is in talks on a £12.1bn takeover bid from Allianz.
How police are working to tackle the rising scourge of ghost brokers
Ghost broking cases are lengthy and expensive to investigate
Questgates launches cyber investigation service to assess business interruption loss
Questgates has launched a cyber investigation loss adjusting service that can assess the cause and liability of a cyber attack.
Airmic CEO John Hurrell to step down
John Hurrell is to step down after nine years as CEO of the Association of Insurance and Risk Managers, the association that represents UK risk managers and insurance buyers.
Insurers extend travel cover amid Trump travel ban
Travel insurers will allow policyholders to claim if they are denied entry to the US.
Aegis London secures Meco marine deal
Specialist marine insurance managing general agent Meco Group has partnered with Aegis.
Davies confident of growth strategy under new majority owner
Davies' new private equity backer, HGGC, will allow the claims service provider to continue with its growth plan.
Davies Group gets new equity backer
US private equity firm HGGC has taken a majority stake in Davies Group.
Post People 30 January - 3 February
Check out this week's market moves.
Towergate vows to ‘drive out inefficiency’ with £40m investment
Towergate will spend the majority of the £40m it will raise through a rights offering on “driving out inefficiency”.
Towergate to receive fresh investment from shareholders
Towergate will receive £40m in additional investment through a rights offering.
Rising Star: Mahesh Ganesan, McLarens
Mahesh is a fully fledged loss adjuster for the firm after starting as a trainee
Exoskeletons: How wearable robotics could transform medical claims
It sounds like science fiction, but exoskeletons are increasingly being used in rehabilitation therapy and insurers are getting in on the act.
Allianz awarded chartered status by CII
The Chartered Insurance Institute has awarded Chartered Insurer status to Allianz Insurance.
McKee named as Cathedral CEO
Andrew McKee has been appointed as CEO of Lancashire’s Lloyd’s business Cathedral Underwriting.
Generali: We won’t use chat bots to deflect angry customers
Generali is trialling chat bots for “bureaucratic” tasks, but the company’s head of global claims said it wouldn’t be appropriate to use the technology to deal with angry customers.
Quiz of the week - 27 January
Test your knowledge on this week's insurance news.