News
AIG posts huge third quarter loss
Global insurer AIG has had a punishing third quarter after needing to boost reserves for 2016 losses and dealing with the recent hurricanes in the US and Caribbean.
CII publishes its gender pay gap information ahead of deadline
The Chartered Insurance Institute has disclosed its gender pay gap information ahead of the April 2018 deadline.
Insurers must harmonise claims and underwriting to tackle fraud
Insurers must de-silo their underwriting and claims departments if they are to effectively tackle fraud, an audience heard.
Insurers have 'responsibility to stakeholders' to employ fraud tackling tech
Insurers have a responsibility to their stakeholders to employ technology in the fight against fraud, an audience heard.
Irish regulator seeks Brexit contingency plans from insurers
Ireland’s insurance regulator has raised concerns over contingency planning of the sector in the run-up to Brexit.
Motor fraudsters moving over to holiday illness claims, IFB confirms
Fraudsters operating in the motor space are moving across to fraudulent gastric illness claims abroad, an audience heard.
Lancashire hit with $136.4m Q3 loss
Lancashire Holdings reported a $136.4m (£102.8m) pre-tax hit in the third quarter of the year, owing to “extraordinary” natural disaster losses.
Swiss Re Corporate Solutions falls to $762m loss
Global reinsurer Swiss Re's insurance arm Swiss Re Corporate Solutions has been hit hard by natural catastrophes this year.
RSA's Q3 impacted by £50m of hurricane losses
UK-headquartered global insurer RSA's underwriting result was hit in the third quarter by the recent US and Caribbean hurricanes.
Singapore offers cat bond grant
The Singapore government is attempting to kick-start the country's insurance-linked securities business by offering to cover all upfront charges.
Penny Black's Social World - November 2017
Caravans, cycling, coping mechanisms and a colour run
Insurance Council of Australia appoints third president this year
The Insurance Council of Australia has had to appoint its third president within 10 months following the departure of two former presidents from their respective businesses.
MVP invests in Heath Crawford & Foster
Minority Venture Partners has made a strategic investment in Borehamwood-based broker Heath Crawford & Foster.
Eviid targets insurers with evidential video application
Insurers are being urged to consider an evidential video application as a firm successful in the third-party administrator and loss adjusting markets targets the sector.
County Group acquires Inspire Risk Management
The County Group today acquired Warrington-based Inspire Risk Management.
Open GI appoints Martyn Holman as non-executive director
Open GI has appointed Martyn Holman as non-executive director.
Fidelis launches MGA Radius
Fidelis has launched its first managing general agent, Radius, to be run by Rob Ashton.
GRP acquires Alan & Thomas Insurance Group
Investment vehicle Global Risk Partners has acquired a majority stake in Poole-based Alan & Thomas Insurance Group.
Allianz to open Beijing office
Allianz's corporate and specialty arm Allianz Global and Corporate Specialty will formally open an office in Beijing later this month.
Sompo creates agriculture platform
Bermuda-based specialty (re)insurer Sompo International Holdings has created an integrated agriculture platform called Agri Sompo.
Japanese insurer to establish Brexit base in Luxembourg
Japanese insurer Aioi Nissay Dowa is restructuring its European operations in preparation for Brexit.
Digital Insurance World 2017: Brexit will impact investment into UK insurtech
There are remaining uncertainties surrounding Brexit contingency plans and how a divorce from the European Union will affect investment into insurtech.
IPT rise would hit rural communities the hardest
Further increases in the rate of Insurance Premium Tax in the Chancellor’s forthcoming budget would hit farmers and rural communities disproportionately, NFU Mutual has warned.
Charles Taylor appoints Glyn Symonds as director of operations
Charles Taylor Adjusting has appointed Glyn Symonds as director of operations for its new Marseille office.