News
Bharti Axa GI promotes Srinivasan to CEO
Bharti Axa General Insurance has promoted chief commercial and principal officer Sanjeev Srinivasan to CEO and managing director.
LV swaps 'outdated' manual process for digital subrogation portal
LV has swapped its ‘outdated’ manual process for subrogated claims for a new digital portal.
Smallman joins National Windscreens board
National Windscreens has appointed John Smallman to its board of directors.
Industry reacts to Prime Minister's Brexit speech
The industry considers the impact of leaving the Single Market.
NHS trust hit by cyber attack
England’s largest NHS trust has launched an investigation into a cyber attack that forced systems to be taken offline as a precautionary measure.
Digital Fineprint to join Accenture's fintech incubator
Insurtech start-up Digital Fineprint has been chosen to take part in Accenture’s Fintech Innovation lab.
UK to leave single market, Prime Minister confirms
Theresa May has confirmed that the UK will be leaving the single market, but will negotiate for a free trade agreement for financial services.
Global catastrophe losses rise to highest levels in four years
With insured losses totalling $54bn (£44bn), global natural disasters in 2016 combined to cause the highest economic losses in four years, according to a new report from Aon Benfield.
Novae names Patel as CFO
Novae has appointed Reeken Patel as group chief financial officer and executive director.
Jonathan Turner appointed CEO of Pen Underwriting
Jonathan Turner has been appointed as the new CEO of Pen Underwriting, taking over from Mark Armitage.
Half of industry expects economy to deteriorate this year
Nearly half of those working in the insurance sector expect the economy to deteriorate this year.
Whiplash legislation ‘will commence’ later this month, minister says
The government will start drawing up legislation on whiplash reform this month, a finance minister said.
Klimczak swaps Allianz for XL Catlin in Singapore
Former Allianz Global Corporate Specialty senior marine risk consultant Jarek Klimczak has been appointed marine risk engineer for Asia-Pacific at rival XL Catlin.
Biba launches its 2017 manifesto
The British Insurance Brokers’ Association has called for the government to commit to no further increases to Insurance Premium Tax and to negotiate for single market access in the EU exit.
Flood Re appoints Andy Bord as interim CEO
Flood Re has appointed Andy Bord, former managing director of BGL Group, as interim CEO.
Tailored policies and cyber set to influence market in 2017
Tailored insurance for new professions, cyber policies for SMEs, and the FCA’s consultation on the Financial Services Compensation Scheme are three key trends expected to influence the insurance market over 2017.
Half of insurers to make digitally-driven acquisition in next three years
Almost half of insurers expect to make an acquisition over the next three years in order to acquire digital technologies.
Insurtech firm Bought by Many receives £7.5m investment
Insurtech broker Bought by Many has received £7.5m in investment funding.
Enterprise and Gable will cost insurers £63m this year
Insurers will have to pay £63m in supplementary levies to the Financial Services Compensation Scheme this year, to cover the failures of Enterprise and Gable.
Post People: 16 - 20 January
All the latest people moves happening in the industry this week.
Boeing 747 cargo plane crashes enroute from Hong Kong to Istanbul
At least 37 people have been killed after a Turkish cargo plane crashed into a village near the capital of Kyrgyzstan this morning.
Gibraltar Finance meets China captive committee in Beijing
Representatives from Gibraltar Finance attended a new captive committee in Beijing earlier this month.
Lloyd's has grown beyond £240m GWP in China, says Nelson
Lloyd's chairman John Nelson has said the organisation is confident it wrote more than 2bn yuan (£240m) of gross written premium in 2016 - more than double the 790m yuan in 2015.
EU and US regulators agree new bi-lateral transatlantic insurance agreement
The US and EU have agreed to reduce legal and capital barriers to boost the transatlantic insurance and reinsurance market.