News
Davies Group snaps up R&Q’s insurance management operations
Davies Group has bought Randall & Quilter’s Insurance Services and Captive Management Operations for £18.6m.
Thailand insurtech start-up Roojai reaches $5m GWP
Two year old Thailand digital broker Roojai had signed up over 15,500 vehicles by the end of 2017.
Correction: David Pigot to remain UK and international CEO of Cunningham Lindsey
On 12 January Post published a story claiming David Pigot, the UK and international CEO of Cunningham Lindsey, had left the business.
Aon Benfield chairman to lead the board at Climate Wise
Aon Benfield’s executive chairman Dominic Christian has been appointed chairman of Climate Wise.
Amazon criticised for trying to 'poach' Lemonade staff
Amazon is attempting to poach staff of insurance start-up Lemonade with "obscene" amounts of money, the CEO of Lemonade claims.
Peter Cullum to sue Towergate
Exclusive: Peter Cullum, the man who founded Towergate over 20 years ago, has lodged a financial claim against the company.
Allianz to make €1.1bn Euler Hermes offer
Allianz will open a tender offer for Euler Hermes shares on Monday after receiving regulatory approval.
Storm Eleanor will cost European insurers over €1bn, says AIR Worldwide
Catastrophe modeling firm AIR Worldwide has estimated between €1.1bn (£980m) and €1.6bn of insured losses from winter storm Eleanor.
McCafferty departure due to Axa group-level changes
The structural changes which led to the shock departure of Axa’s insurance CEO Brendan McCafferty came from a drive to simplify the business at group level, Post has been told.
Crawford's Muress to head Sedgwick's international division
Ian Muress has joined Sedgwick as CEO of international operations.
Brendan McCafferty to leave Axa as part of restructure
Brendan McCafferty has left Axa with immediate effect, 11 months into his tenure as CEO for intermediated and direct.
Co-op Insurance sues IBM for £130m over failed IT platform
Exclusive: Co-op Insurance has filed a £130m lawsuit against tech giant IBM.
Hyperion targets emerging markets and Lat Am with $300m in reserve
Hyperion Group is entering 2018 with a $300m (£223m) war chest to play with, the group’s chief financial officer has said.
Hyperion’s revenue up 20% at full year
Hyperion Group posted a 20% jump in revenue for the year ended 30 September 2017.
Swiss insurtech Go Flink gears up for relaunch
Swiss insurtech start-up Go Flink is to relaunch and release a range of new products to distribute worldwide.
David Newman to step down as CEO of Carole Nash
David Newman is to step down as CEO of Carole Nash following its acquisition by The Ardonagh Group.
QBE appoints Australia and New Zealand CEO
Australian global insurer QBE has appointed a CEO for its Australia and New Zealand operations following a global search.
AIG hires from New York PR firm to bolster communications team
Global insurer AIG has hired two new senior members of its corporate communications team in New York.
FM Global names Lawson chairman of the board
FM Global’s president and CEO Thomas Lawson has been elected chairman of the board by the group’s board of directors.
CII hires firm to tighten GDPR compliance
The Chartered Insurance Institute has hired a third party data protection officer services in order to help it become compliant for the incoming General Data Protection Regulation.
Beach snapped up by Acrisure
Acrisure is to acquire the independent reinsurance broker Beach & Associates.
Allianz buys European units of Das for €38m
Allianz will buy European business subsidiaries of legal protection insurance provider Das for €38m (£33.6m).
US Reinsurance outlook remains negative, says AM Best
AM Best is maintaining a negative outlook for the US property and casualty reinsurance sector due to continued pressure on property catastrophe rates.
Insurtech Dinghy secures $1.2m funding round
On demand insurer Dinghy has secured a $1.2m round of funding led by Balderton Capital, which also backed pay-as-you-go insurer Zego.