News
Fidelis promotes Richard Coulson to CUO
Fidelis Insurance has promoted Richard Coulson to the position of chief underwriting officer of Fidelis Underwriting.
Gary Hoffman to take Hastings chairman role, van der Meer promoted to CEO
Mike Fairey is to retire as chairman of Hastings Group, with CEO Gary Hoffman set to take over the role.
Suncorp hit by 21,000 Melbourne hailstorm claims
Australian financial services group Suncorp has breached its nat cat allowance for the first half of the year.
Manulife brings claims online in Hong Kong
Canadian life and health insurer Manulife has created an online platform for small medical claims in Hong Kong.
Woodgate retirement not related to £75,000 fine
The departure of Michael Woodgate from loss adjuster Woodgate and Clark was not related to a criminal case that concluded last month, the company said.
AA vows robust defence to Bob MacKenzie employment tribunal
The AA will “robustly defend” itself in an employment tribunal against its former chairman Bob MacKenzie
Woodgate and Clarke fined £50,000 for criminal use of private investigators
Loss adjuster Woodgate and Clark has been fined £50,000 for unlawfully disclosing personal data.
Biba launches trade credit scheme
The British Insurance Brokers’ Association has launched a scheme for trade credit insurance through CMR Insurance Services.
Euler Hermes cuts cover for New Look
Euler Hermes has reportedly stopped offering cover on new shipments of goods to ailing retailer New Look.
Axis promotes Nicole Lim to deputy chief underwriting officer, Singapore
Axis Insurance has promoted Nicole Lim to deputy chief underwriting officer, Singapore, with immediate effect.
Revealed: National epidemic of 2.2bn nuisance calls
Customers were bombarded with 2.2 billion nuisance phone calls related to personal injury, PPI or other insurance matter in 2017.
M&A values up 170% as priority turns to capital optimisation
Merger and acquisition activity rebounded in 2017 with completed deal values increasing 170% in the first half of the year, according to Willis Towers Watson.
Insurtech start-up enters UK market with backing from Zurich
Insurtech start-up Laka, previously Insure A Thing, has launched into the UK market with bicycle cover backed by Zurich.
Exceptional items put UK General in the red in 2016/17
UK General made an operating loss of £714,879 for the year ending 31 March 2017, compared to a profit of £8.7m in the previous year.
Aviva settles almost half of claims from Liverpool car park fire
Aviva has settled almost half of the 123 claims it had received from the Liverpool car park fire, and the firm also moved to waive the excess on customers’ policies.
Senior redundancy at R&Q as group moves to simplify structure
Randall & Quilter has made a string of senior management changes as it looks to simplify its group structure.
MS Amlin establishes Bermudian reinsurer
MS Amlin has established a special purpose reinsurer in Bermuda to provide collateralised capacity support for its reinsurance portfolio.
![CEO Erik Abrahamson [front far right] and Digital Fineprint raise £2m](/sites/default/files/styles/landscape_480_296/public/2018-01/Digital%20Fineprint%20team%20photo.jpg.webp?itok=TIOIEttH)
Digital Fineprint CEO hails 'insane' year after £2m investment
Insurtech start-up Digital Fineprint has closed a second ‘venture’ investment round by raising $2.7m (£2m) lead by a firm that includes Nutmeg and Fan Duel among its portfolio.
Iranian oil tanker ablaze in East China Sea
Two ships colliding off the coast of China has left 32 crew members missing according to the Chinese government.
XL Catlin appoints energy and construction Asia-Pacific leader
Global insurer XL Catlin has recruited from rival QBE for a senior Asia-Pacific role.
QBE settles class action lawsuit for A$132.5m
Australian insurer QBE has settled a class action shareholder lawsuit for A$132.5m (£76.7m).
Generali appoints Hong Kong CEO
Global Italian insurer Generali Asia has appointed a CEO in Hong Kong.
Amazon to participate in funding round for Indian insurtech - reports
Amazon is closing an investment in Indian insurtech start-up Acko, according to reports.
Stackhouse Poland acquires Caprica Healthcare
Stackhouse Poland has acquired Caprica Healthcare.