News
Biba to outline benefits of flood SME scheme to parliament
The British Insurance Brokers’ Association will outline the benefits of its small to medium enterprise flood scheme in parliament later today.
Hannover Re acquires Argenta syndicate
Hannover Re is to acquire the Lloyd’s managing agent and holding company Argenta for an undisclosed sum.
Malta will be biggest beneficiary of Brexit, says MPG
Malta will benefit more than any other financial centre in Europe from Brexit, according Managing Partners Group.
Neon launches marine and offshore construction consortium
Neon has launched a marine and offshore construction consortium, underwritten by Mireille Dolonen.
NFU Mutual sees underwriting profit drop 46% in 2016
NFU Mutual saw underwriting profit drop by 46% last year, to £151m from £281m in 2015.
QBE Australia appoints Jon Fox as general manager of claims
QBE Australia and New Zealand has appointed Jon Fox as executive general manager of claims.
Randall & Quilter acquires Bermudian captive Linco
Randall & Quilter has signed a sale and purchase agreement to acquire captive insurer Linco from Ameripride Services and Alsco.
Asia Insurance to benefit as Hong Kong Life agrees sale
Hong Kong Life insurance, 16.6% owned by Hong Kong general insurer Asia Insurance, has agreed to sell to Hong Kong-based investment firm First Origin International for HK$7.1bn (£740m).
McLarens bolsters Australia team with hire from Crawford
Global loss adjuster McLarens has made a senior construction appointment in Australia.
FCA met government to discuss post-Brexit regulatory framework
The Financial Conduct Authority has met with the government to discuss a post-Brexit regulatory framework.
Ogden cut to wipe £50m off Traveler's Q1 2017 results
Travelers expects to record an increase to prior year loss reserves of approximately $62m (£50m) in Q1 2017 as a result of changes to the Ogden discount rate.
Scotland could face a claims epidemic following whiplash changes
Whiplash reforms and a new tariff system could give rise to a claims epidemic in Scotland, DWF has warned.
Lloyd's to announce post-Brexit hub by the end of March
Lloyd’s of London will reveal the location of its post-Brexit base by the end of this month, Post understands.
XL Catlin appoints Tim McMahon to property insurance CUO
XL Catlin has promoted Tim McMahon to the newly created role of global chief underwriting officer, property for insurance.
Insurance Marketing and PR Awards: deadline for entries fast approaching
The Insurance Marketing and PR Awards are returning in 2017, and you only have two days to make sure you are in the running.
XL Catlin partners with Startup Bootcamp
Insurtech accelerator Startup Bootcamp has entered into a partnership with XL Catlin.
Ogden rate change goes live at minus 0.75%
The Ogden discount rate changed today from 2.5% to minus 0.75% following the Lord Chancellor's announcement last month.
Chung joins Bank of China in Hong Kong
Ben Chung, former technical director at Hong Kong broker Nova Insurance, has joined Bank of China Insurance.
MPs investigate whiplash claims
The Justice Committee is launching a short inquiry into whiplash claims and on government plans to raise the small claims limit for personal injury.
We Specialty and Hiscox collaborate on political risk
French managing general agency We Specialty has partnered with Hiscox to cover political violence, terrorism and political risk.
ABI blasts 'fake news' report on falling whiplash claims
The Association of British Insurers has branded a Capital Economics report into the falling rate of soft tissue injury claims as “fake news”.
PRA to review Solvency II reporting requirements
The Prudential Regulation Authority is to conduct a review of Solvency II reporting requirements, in an attempt to ease insurers' reporting burdens.
Quiz of the week - 17 March
Test your knowledge of this week's news.