News
Cyber threat growing quicker than claims data: IUA
A rapid growth in cyber threats has posed a challenge to the industry in acquiring claims data, the International Underwriting Association has warned.
London market training goes international
The Lloyd's Market Association will begin offering a range of technical programmes and courses internationally.
Blockchain-driven insurtech completes $1m funding round led by insurance executives
Insurtech firm Inzura has completed a $1 million funding round led by senior industry figures.
Brokers unprepared for IDD, research suggests
Two thirds of brokers have little or no knowledge of the Insurance Distribution Directive.
Former Aviva director develops broker customer data sharing platform
Broker Insights has developed a platform which uses broker customer data to help insurers identify business opportunities.
Chubb appoints Ignacio Borja as country president, Spain and Portugal
Chubb has appointed Ignacio Borja as country president, Spain and Portugal, subject to regulatory approval.
Helvetia appoints Schurter as chair
Doris Russi Schurter has been appointed as the new chairwoman of the board at Swiss insurer Helvetia.
44% of Singapore SMEs expect sales growth in 2018, says QBE
A survey of Singapore SMEs suggest half are confident the economy will grow this year.
Romero Group sees 14% Ebitda growth for 2016/17
Leeds-based Romero Group saw adjusted Ebitda increase 14% to £2.7m in the year to 30 April 2017.
Former AIG UK boss Jacqueline McNamee returns with insurtech MGA
Jacqueline McNamee, former managing director of AIG in the UK, is to return to the market fronting a new Insurtech start-up.
CII consulting on new corporate chartered title
The Chartered Insurance Institute is considering introducing a new chartered designation to reflect the current shape of the insurance market.
Liverpool fire response 'sets a dangerous precedent', says Axa's Blanc
Exclusive: Insurers who have waived the excess of policyholders affected by the Liverpool car park fire are setting "a dangerous precedent”, Axa UK and Ireland CEO Amanda Blanc has said.
Underwriters urged to establish policy provisions for drone usage
Traditional aviation policies are unlikely to address the emerging risks presented by the increased use in drones.
GRP acquires Country & Commercial Insurance Brokers
Global Risk Partners has acquired a majority interest in agricultural brokerage Country & Commercial Insurance Brokers.
Brexit has led to a drop in overseas business: PWC
Confidence in the market among general UK insurers dropped last year with Brexit set to impact business volumes, according to a survey.
Co-op insurance launches medical expenses travel insurance
Co-op Insurance has entered the travel insurance market with a product that offers cashless medical expenses.
Gallagher's "M&A pipeline is full" after 2017 growth
International broking giant Arthur J Gallagher will continue to acquire in 2018.
Kopp to swap Korea for Thailand at Chubb; Ler to replace Kopp
Edward Kopp, Chubb's general insurance country president in Korea, is moving to Thailand.
Aspen CEO Stephen Postlewhite leaves with immediate effect
Aspen CEO Stephen Postlewhite is leaving the business with immediate effect.
MIB issues warning over scam callers
Motorists are being bombarded with calls from scam artists pretending to be the Motor Insurers' Bureau.
Watchstone sets £50.1m aside for S&G lawsuit
Watchstone has set aside £50.1m in preparation for a High Court claim issued against it by Slater and Gordon.
This week: Technology, treasury and trade credit
I'm not sure who was more excited about technology in our house this week, my son discovered that virtual pets in the form of Tamagotchi are making a comeback in the UK this year while I learnt a bar has opened where robots make you cocktails.
One Call ‘regrets’ mishandling of client money
One Call said it has rectified the client money errors that led to more than £1m in fines from the Financial Conduct Authority.
Aspen takes $245m underwriting loss in Q4
Aspen expects to post a $245m underwriting loss in the fourth quarter of 2017.