News
Potential Swinton job losses a 'disappointing tragedy'
The changing consumer buying habits linked with 900 potential Swinton redundancies has not prevented other brokers from succeeding on the high street, experts said.
Motor premiums set to rise by 29% by 2018
Motor premiums will rise by up to 29% by January 2018 due to hikes to Insurance Premium Tax, increasing repair costs and the EU's Vnuk ruling.
Commercial lines brokers must adapt or 'face extinction'
Commercial insurance brokers “face extinction” if they fail to evolve into business advisers within the next decade, the Chartered Insurance Institute has said.
Big Data practices 'will trickle down from health to GI'
Health insurers may be leading the way with data analytics but best practices will eventually trickle down to general insurance, the CEO of a health tech start-up said.
Willis Towers Watson appoints head of broking
Willis Towers Watson has appointed Clyde Bernstein as the head of broking, for its corporate risk and broking division.
Towergate's Ebitda climbs 12% on back of restructure
Towergate has seen 12% growth in underlying profit after a year of wrestling with "enormously complex legacy and infrastructure challenges".
Keng Hooi to replace Tucker at AIA earlier than planned
AIA regional CEO Ng Keng Hooi will takeover from Mark Tucker as AIA's group CEO three months earlier than originally planned.
Swinton to cut 900 jobs in shift away from high street model
Swinton will likely cut 900 roles from its business by the end of the year as part of a wider restructure.
David Cameron to deliver Biba conference keynote speech
The British Insurance Brokers’ Association has revealed that David Cameron will be making the closing keynote address at the group’s annual conference in May.
FCA publishes first complaints figures since rule change
The Financial Conduct Authority has published its first set of complaints data since new rules came into force in June last year.
Insurtech start-up to offer cyber 'credit checks' for insurers
A start-up is planning to offer insurers a cyber security risk analysis for high net worth individuals and businesses.
LV finance boss Philip Moore to step down
LV has appointed Lloyds Banking pensions boss Andy Parsons as finance director.
Pen signs £25m equestrian capacity deal with Markel
Pen Underwriting has signed a £25m capacity deal with Markel for its equestrian products.
QBE hires Baxter as Gould moves to claims in Australia
QBE Australia and New Zealand has appointed Mark Baxter as chief risk officer.
ABI holds cross-sector roundtable on discount rate
The Association of British Insurers held a cross-sector roundtable yesterday to discuss the reduction to the Ogden discount rate.
Brand reputation is top risk to companies worldwide
Brand reputation and damage is the top concern for business across the globe according to survey findings from Aon.
Health insurer uses AI 'medical brain' to aid staff in decision-making
A health insurer is using an artificial 'medical brain' to improve its underwriting and claims.
Building Block expands into Portugal
Malta-based PCC Building Block has partnered with Automovel Club de Portugal to launch health excess insurance to ACP’s members.
AIR Worldwide launches cyber risk aggregator tool
Catastrophe modelling firm AIR Worldwide has launched a cyber risk modelling tool to estimate potential insured cyber losses across an insurer's portfolio.
Towergate places 133 jobs at risk in restructure
Towergate has placed 133 jobs at risk following a restructure in its finance operation.
Cyclone Debbie to cost Queensland A$2bn
The cost of last month's powerful category four cyclone to Queensland has been estimated at around A$2bn (£1.18bn).
Aviva buys out Vietnam operation
UK-headquartered insurer Aviva has bought 50% of the remaining shares in VietinBank Aviva Life Insurance for an undisclosed amount.
Marsh and Nephila bring alternative capital property offering to market
Marsh and The Schinnerer Group have launched the first alternative capital-backed retail property-insurance vehicle for companies in the United States.
XL Catlin to participate in 30-month autonomous vehicle trial
XL Catlin is involved in a project that will trial a fleet of autonomous vehicles between Oxford and London alongside a consortium of partners.