News
Slater & Gordon set for A$1bn loss
Slater & Gordon is set to make losses of A$1.01bn (£587m) for the past financial year.
German non-life premiums to continue rising to offset declining investment yields
German non-life insurers will continue to increase premiums to offset declining yields on their investment portfolios, Fitch Ratings has predicted.
Greenwood takes on international role at CII
Mark Greenwood, the Chartered Insurance Institute's Asia-Pacific regional director, has taken on the new role of international director.
Towergate records £16.7m EBITDA in first half; revenue falls 7%
Towergate's profits before amortisation, interest and tax climbed to £16.7m in the first half of 2016 compared to a loss of £14.7m in H1 2015.
Six 'driverless' taxis take to the road in Singapore
US software company Nutonomy is offering free rides in six 'driverless' taxis in Singapore from today.
XL Catlin bolsters Asia-Pacific political risk team
XL Catlin has made a senior underwriting appointment in Sydney.
Biba accountant who stole £24,000 is jailed for 18 months
An accountant for the British Insurance Brokers’ Association has been jailed for 18 months.
AIG tipped to sell stake in Ascot Underwriting
American International Group is in discussions to sell its shares in Ascot Underwriting.
FCA approves Tech Mahindra's acquisition of Target
The Financial Conduct Authority has confirmed that it has formally approved the acquisition of Target Group by digital transformation specialists Tech Mahindra.
Liberty Specialty Market expands its presence in Italy
Liberty Specialty Markets will expand its presence in Italy through the acquisition of the Italian Lloyd’s coverholder, Wholesale Binding Authorities.
Van premiums rise by 11%, motor index finds
The average van premium has risen by 11% to £967 a year since 2015, new research from Consumer Intelligence has revealed.
Steadfast's profits and revenues climb in 2015/16
Steadfast, the Australian general insurance broker and broker network, had a solid year of growth in the financial year ending 30 June 2016.
Winnie Wong to return in Hong Kong
Former Aon Hong Kong CEO Winnie Wong is returning to the market at a local insurer.
Ecclesiastical sees a return to more muted results for H1 2016
Ecclesiastical has reported a dip in profits for the first half of the year after a "return to a more normal claims experience compared to an exceptionally benign H1 2015".
Aviva ventures into partnership with Silicon Valley start-up Plug and Play
Aviva has partnered with global digital start-up accelerator Plug and Play in order to develop digital products and services.
Video: How does the Insurance Act affect brokers and their customers?
In this video, LV’s Kevin Hawkins, head of commercial property & liability underwriting talks about the Insurance Act, what the changes are and how they affect you and your customers.
Zurich to shed 20% of executive-level jobs
Zurich will cut 20% of 1900 executive jobs across the group as part of a wider restructure.
AAIS to release new rules filings for drone insurance cover
American Association of Insurance Services has released new filings of Unmanned Aircraft Liability Coverage forms and rules this week, in response to consumer demand for coverage for drones.
Study finds increased demand for terrorism travel cover
Almost three quarters of British tourists would likely purchase additional travel insurance against terrorism if the price was under £5 a fortnight, according to International Travel and Healthcare.
Insurers could be made 'irrelevant' by driverless cars
Insurers could face becoming "irrelevant" in the age of driverless cars according to a survey of drivers.
Beazley increases cover for environmental risk
Beazley has doubled its environmental risk capacity to £50m with the new Beazley Elements consortium at Lloyd’s.
Vienna Insurance Group's profit before tax falls by 17.5%
Vienna Insurance Group has seen pre-tax profits fall by 17.5% in the first half of the year.
FM Global breaks ground on £45m loss prevention facility in Singapore
International commercial insurer FM Global has broken ground on a S$80m (£45m) education facility in Singapore.
Ecclesiastical appoints Chris Withers as head of broker distribution
Ecclesiastical has appointed former Covéa head of distribution Chris Withers as head of broker distribution.