News
Cytora secures £4.4m for expansion plans
London-headquartered artificial intelligence start-up Cytora has secured £4.4m from investors to help expand its service internationally.
Former Lloyd’s management director Tom Bolt joins AIG
AIG has named former Lloyd’s performance management director Tom Bolt as chief underwriting officer, general insurance.
Hiscox Re names underwriting director
Hiscox has named Megan McConnell as director of underwriting for Hiscox Re in London.
Marsh set to resume control over support services from Capita
Marsh is set to resume control over its Norwich-based client support services following the conclusion of its 10 year partnership with Capital Re.
Hyperion investment will allow group to operate independently, says CEO
CDPQ’s $400m investment in Hyperion will allow the group to continue to operate independently, CEO David Howden said.
Hiscox launches virtual cyber unit, names management team
Hiscox has brought together its cyber expertise to form a ‘virtual business unit’.
Zurich restructures broker distribution
Zurich has named Graham Boffey as head of UK distribution in a string of management changes within broker distribution at Swiss insurer.
London market issue guide on GDPR
Trade bodies from across the London market have published guidance to help members navigate the impending implementation of the General Data Protection Regulation.
Marsh appoints Mark Costin as head as head of UK aviation practice
Marsh has appointed Mark Costin as head of its UK aviation practice, effective immediately.
Analysis: Behind the scenes of a year-long Blockchain pilot
Blockchain has become a buzzword in the industry but few know what it means, even less so its implications for insurance.
Canadian fund manager invests $400m in Hyperion
Global insurance group Hyperion has agreed a $400m (£297m) investment with Quebec pension fund investment manager CDPQ (Caisse de depot et placement du Quebec).
Innovation in Insurance 2017: 'Most start-ups lack insurance know-how'
Insurtech start-ups need to consider having an advisory board of insurance experts, or risk failing due to a lack of knowledge and expertise, a conference heard.
Just one in 10 UK small businesses have cyber cover
Just one in ten UK small businesses have cyber insurance, according to a survey.
Innovation in Insurance 2017: Allianz UK plans to become 'digital by default'
Allianz will look to introduce further use of portals and big data over the next year in order to become more digitally driven, a conference heard.
Innovation in Insurance 2017: Tech investment 'only set to grow'
Insurers are putting increasing capital into technology as a means of getting around the lack of agility in existing business models, a conference heard.
GRP takes aim at bloodstock with Anglo-Hibernian acquisition
Global Risk Partners has bought Newmarket-based bloodstock broker Anglo-Hibernian for an undisclosed amount.
Danish insurer Tryg to buy Alka for £1bn
Denmark’s largest insurance company Tryg is to buy competitor Alka Forsikring for 8.2bn DKr (£1bn).
Ingenie appoints Wunelli boss Cavanagh as CEO
Telematics broker Ingenie has appointed Wunelli managing director Selim Cavanagh as CEO.
Compre CEO to step down
Compre’s Nick Steer will step down as CEO of the business, effective from March 2018.
Government must solve passporting rights, says FCA CEO
The government must solve the problem of passporting rights to secure the future of the insurance sector after Brexit, the Financial Conduct Authority’s CEO has warned.
Allianz could face £32m bill from Airlander 10
The owner of an experimental zeppelin nicknamed ‘the Flying Bum’ will submit an insurance claim for up to £32m to its insurer Allianz.
Young Hongkongers very concerned about climate change, says MS Amlin
Research undertaken by global (re)insurer MS Amlin suggests the majority of 18 to 35 year olds in Hong Kong are worried about climate change.
Mapfre to consolidate EMEA and Asia-Pacific businesses
Spanish insurer Mapfre is exiting five US states and consolidating its EMEA and Asia-Pacific businesses.
Coverys gains Lloyd’s nod on med-mal Syndicate 1975
Boston-based medical malpractice insurer Coverys has received in principle approval from Lloyd’s to launch Syndicate 1975.