News
RMS expands cyber risk models to include physical damage
RMS has expanded its range of cyber models to include cyber physical models to help insurers weigh up the cost of risk.
Plum high net worth home insurance to include cyber cover
Plum underwriting has included cyber and data risks cover into its high net worth and mid net worth home insurance products.
Open GI buys rival software house Transactor
Open GI has acquired rival software house Transactor in a deal valued at £40m.
Lloyd’s confirms Council and Franchise Board appointments
Lloyd’s has appointed Gregory Fleming and Patricia Jackson to the Council of Lloyd’s and the Franchise Board respectively.
Storm Thomas loss estimated at €213m
Perils has made an initial loss estimate for February’s Storm Thomas of €213m (£182m).
Liberty Specialty Markets appoints Alexandra Paton as head of Continental Europe
Liberty Specialty Markets has appointed Alexandra Paton as head of Continental Europe for global financial risks.
Ogden change dents Co-op's full year results
Co-op Insurance made an operating loss of £18m in 2016, despite seeing gross written premiums rise by 15%.
John Ludlow to become Airmic CEO as Hurrell steps down
John Ludlow will replace John Hurrell as CEO of Airmic, to come into effect from 13 June 2017
Penny Black's Social World - April 2017
Hockey, helmets, cakes and pancakes
Lloyd’s faces 'structural revolution' as market challenges drive change, says Macquarie
Lloyd’s will undergo a “structural revolution” as digital innovation and alternative capital sources impact the market, according to Macquarie Research.
CNA Hardy appoints David Legassick as head of life sciences
CNA Hardy has appointed David Legassick as head of life sciences, technology and cyber.
MS Amlin first to go live as Lloyd’s opens India platform
Lloyd’s has commenced operations in India with MS Amlin the first syndicate to begin underwriting from 1 April.
Trade credit claim rise 'no need for concern' experts say
The sharp rise in claims paid to businesses due to non-payment is “no need for concern”, experts have claimed.
Ecclesiastical appoints Andrew McIntyre as non-executive director
Ecclesiastical has appointed Andrew McIntyre as a non-executive director to chair the audit committee of Ecclesiastical Insurance Office and Ecclesiastical Insurance Group.
RSA takes part in study of autonomous vehicle prototype
RSA is taking part in a study of prototype autonomous vehicles as driverless shuttlebuses take to London roads.
Stephen Catlin retires from XL Group
Executive deputy chairman of XL Group Stephen Catlin has retired, effective 31 December 2017.
Trade credit insurers paid equivalent of £4m a week in claims last year
Trade credit insurers paid businesses the equivalent of £4m in claims every week last year.
Cyclone Debbie moves to New Zealand; IAG estimates A$140m loss
As Cyclone Debbie reached New Zealand, Insurance Australia Group estimated A$140m (£85m) of losses while loss adjuster Crawford is using drones to help.
Beale warns on Lloyd's costs and commissions
Following a poor 2016 underwriting performance Lloyd's CEO Inga Beale has warned the market to improve its cost model.
Lloyd's celebrates 20th year in Hong Kong
Lloyd's CEO Inga Beale was in Hong Kong to celebrate 20 years of having an office in the Special Administrative Region.
Admiral drops van panel to sell direct
Admiral will underwrite van insurance directly rather than through its broker business Able and its panel of insurers, the group has revealed.
Willis Towers Watson and AIG launch cyber cover for global airlines
Willis Towers Watson and AIG have created a cyber insurance product designed to combat the emerging risks facing global airlines.
FM Global launches interactive global flood map
FM Global has launched its interactive global flood map for executives and risk managers.
Helios acquires Charmac Underwriting
Helios Underwriting has acquired the Lloyd's limited liability vehicle Charmac Underwriting for £2.24m in cash.