News
Italian earthquake losses updated to £106m
Perils has updated its loss estimate for Italy’s October earthquakes from €31m (£26m) to €125m (£106m).
UK could be downrated as a result of Brexit, says Fitch
A hard Brexit may lead to the UK's sovereign rating being downgraded.
Generali terminates chief financial officer Minali's contract
Generali's general director and chief financial officer Alberto Minali has had his employment terminated.
Allianz warns over role of data for semi-autonomous cars
Allianz has called for data recorders in semi-autonomous vehicles, in order to determine potential driver error in cases of an accident.
Intesa weighs bid for Generali
Italy's largest bank Intesa Sanpaulo is investigating a potential bid for Italy's largest insurer Generali.
Direct Line launches new telematics app to reduce risk of crashes in young drivers
Direct Line has launched new telematics app to promote safe driving in drivers aged 17-25-years old and reduce the risk of crashes.
Start-up broker Cuvva launches pay-as-you-go motor insurance
Pay-as-you-go broker, Cuvva is to launch a car insurance product for people who use their vehicles infrequently.
Treasury Committee on Solvency II post-Brexit hears evidence from ABI and Lloyd's
Industry leaders gave oral evidence on Wednesday to a Treasury Committee on Solvency II post-Brexit.
Compre buys W&W's Ridgwell Fox legacy business
Compre is to acquire Wüstenrot & Württembergische's share of the Ridgwell Fox pool legacy reinsurance business.
Lyons to retire as chairman of Admiral
Admiral Group non-executive chairman Alastair Lyons will retire from the position this year, after stating that he will not seek re-election at the group's general meeting in April.
Inflexion Private Equity buys out telematics specialist My Policy
Inflexion Private Equity has bought out telematics specialist My Policy and brought in Mark Wood, who previously held a CEO position at Axa, as chairman.
Aon group president Steve McGill to leave
Aon group president Steve McGill is to leave the firm.
New venture Vizion looking to attract brokers disillusioned with consolidation
Vizion founders Chris Blackham and John Sims have told Post they are looking to bring brokers disillusioned with larger consolidated firms on board.
Ed appoints Corke as CEO of underwriting
Newly rebranded Ed has appointed Gary Corke as CEO of underwriting.
FCA: Consumers overpaying £108m a year in ‘poor value’ add-ons
The Financial Conduct Authority said customers may be overpaying £108m every year in insurance add-ons, with sometimes less than 10% of retail premiums for add-ons paid out in claims.
Former Bluefin co-founder launches Vizion Insurance Brokers
Former Bluefin co-founder Chris Blackham and ex-Chubb high net worth boss John Sims have launched a new business, Vizion Insurance Brokers.
56% of Indian vehicles have no insurance, says GIC
India's General Insurance Council has compiled data that shows a major underinsurance problem on India's roads.
90% of 2016 nat cat losses in Asia-Pacific uninsured, says Aon Benfield
Aon Benfield has identified over $104bn (£84bn) of uninsured economic losses in Asia-Pacific last year - 27% higher than average.
CIRC clamps down on insurers' equity investments
The China Insurance Regulatory Commission has imposed stricter guidelines for China's investments in non-insurance companies.
Chubb promotes Dmitriev
Nikolay Dmitriev, Chubb's regional managing director for Russia, CIS and Turkey, has been promoted.
DWF secures 215 jobs through Triton purchase
Manchester-based Legal firm DWF has acquired Triton from its administrators, saving 215 jobs from the multi-disciplinary practice.
Brokers hit by second SSP outage in less than a week
Brokers using SSP now face a second outage in the space of less than seven days.
Zurich loses court case due to 'ambiguous' policy wording
Zurich has lost a court case against Maccaferri Limited on the grounds that its notification clause wording was too ‘ambiguous’.
UK Vehicle rebrands to Cazana and appoints advisory panel
UK Vehicle has fully rebranded into Cazana, a database platform used by insurers, underwriters and loss adjusters to detect fraud at early stages.