News
Thomas Miller buys Brookes Bell Group
Thomas Miller has acquired specialist marine and energy consultancy Brookes Bell Group for an undisclosed sum.
Esure boss Stuart Vann steps down with immediate effect
Esure CEO Stuart Vann has stepped down with immediate effect.
Hong Kong revamps complaints bureau
Hong Kong has changed the structure of its insurance complaints organisation.
Barron to swap PWC for AIG
AIG has created a government regulatory role for its international businesses.
Blockchain pilots will be weighed on their merits
There may be several Blockchain prototypes available for companies to choose from at present but there will be a "narrowing" in terms of successful models later on, a consultant said.
Integra Insurance Solutions to consult over 17 redundancies
Exclusive: Integra Insurance Solutions is consulting over making 17 staff redundant as it looks to streamline its operations.
Some insurtech investment doesn't make sense, conference hears
Some investment criteria into insurtech start-ups “don’t make sense over time”, said Neil Harrison, global head of claims at Aon Risk Solutions, warning against “innovation that is going to cause dissatisfaction”.
Marsh threatens to ‘squash’ insurtech Marshmallow over use of name
Insurtech start-up Marshmallow faces a legal challenge from broker Marsh over the use of its name.
Aston Scott and Lark to rebrand as Aston Lark
Aston Scott and Lark Group will rebrand as Aston Lark in July.
Executives admit they were unprepared for 2017 nat cats
Senior executives of major financial businesses admit they were unprepared for the spate of costly natural catastrophes that hit the American coastline at the tale end of last year.
Volante launches first London Market MGA
Volante has launched Edison Motor, its first London Market-based managing general agent.
Connected cars pose terror risk, conference hears
Connected cars are vulnerable to hacking and therefore pose a terror risk, a conference in Budapest heard.
Erskine Murray completes second acquisition in six months
Erskine Murray has acquired Essex-based Asciak Holdaway Merrit, a professional indemnity specialist broker.
P2P insurer Insure Pal in talks with UK carriers over white label plans
Insure Pal is in capacity talks with three major UK insurers over a H1 entry into the motor market, its CEO said.
Axis faces $130m nat cat loss in fourth quarter
Axis Capital estimates it will take a $130m hit as a result of fourth quarter catastrophe and weather-related losses.
Global run-off market 'extremely buoyant' at $730bn in 2017
The value of the global non-life discontinued business market exceeds $700bn, according to research from PWC.
Beazley predicts to beat analysts on 2017 earnings
Lloyd’s carrier Beazley said it expects to post a pre-tax profit for 2017, ahead of market expectations and in despite of hefty nat cat bills in the fourth quarter.
Nexus names insurance CEO ahead of potential IPO or sale
Nexus Group has named Mike Sibthorpe as CEO of its insurance and reinsurance business as the business gears up for a potential sale in 2018.
Single cyber attack could cost insurers more than Hurricane Katrina
Losses from a single cyber attack could see the industry fork out more than a major loss natural catastrophe like Hurricane Katrina.
Start-up P2P insurer to enter UK motor in H1
A peer-to-peer insurer has raised £15m in an initial coin offering to fund its UK motor launch in H1 2018.
Incoming Aviva GI boss promises continuity in business
The high turnover in the top job in UK general insurance at Aviva in recent years will not detract from the business’s overall strategy, Rob Townend said.
Insurance Council of New Zealand warns on climate change after record weather year
2017 was the most expensive year on record for weather-related insured losses according to the Insurance Council of New Zealand.
Rob Townend replaces Colm Holmes as Aviva UK GI boss
Current Aviva UK general insurance CEO Colm Holmes has left the role to become president and CEO of Aviva Canada.
Greater role for CMCs following whiplash reform ‘not entirely a bad thing’, MoJ says
Raising the small claims limit will drive personal injury claimants into the arms of claims management companies, a parliamentary committee heard.