News
Urban Jungle develops API for home and contents insurance
Urban Jungle has developed an application programming interface which will be rolled out to partnering home insurers.
FSB launches broker venture following departure from Towergate deal
The Federation of Small Businesses is launching its own broker following the termination of its affinity deal with Towergate.
Penny Black's Social World - February 2018
Comfort, community, chorus and kung fu
Allianz to make up to 80 further redundancies in claims restructure
Allianz is placing a further 80 jobs at risk of redundancy amid a restructure of its claims operation.
LV prepares to overcome ‘challenges’ with re-entry to home market
LV has acknowledged it faces “challenges” in making profitable the home portfolio it acquired as a result of the Allianz personal lines merger.
400 jobs at risk following LV and Allianz merger
Up to 400 LV and Allianz employees are at risk of losing their jobs as a result of the companies’ strategic partnership.
Pre-tax profits jump 40% at Aston Scott Group
Aston Scott Group saw a 40% increase in pre-tax profit to £1.9m to the year ending 30 June 2017.
EC report recommends adapting Solvency II
The European Commission and Insurance Europe have welcomed a report that suggests adapting Solvency II to facilitate sustainable investment.
Chubb sees income drop in Q4 despite US tax reform gains
Chubb reported net income for the fourth quarter ended December 31, 2017 of $1.53bn, a drop from the $1.61bn reported for the same quarter last year.
Five insurers reveal by how much industry women are underpaid
Five insurers have revealed by how much women are underpaid in their organisations compared to men.
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.