News
Cat bond issuance reaches $10.5bn in 2017
Catastrophe bond activity set a new record last year with full-year 2017 cat bond issuance totalling $10.5bn (£7.75bn), according to Property Claim Services.
Perils revises Xavier loss estimate
Cyclone Xavier, which hit Germany in October last year, is estimated to have cost insurers €325m (£289m).
PCS to launch terrorism risk model
Property Claim Services is to launch a specialty lines loss aggregation solution for terror in the first quarter of 2018.
Beazley partners with Just Travel Cover on traveller terrorism fears
Beazley and Just Travel Cover have joined forces to cover travel disruption caused by an act of terrorism.
Charles Randell appointed as chair of FCA
Charles Randell has been appointed chair of the Financial Conduct Authority, replacing John Griffith-Jones.
Penny Black's social world: January 2018
Hot coffee, hampers and a heroine
Ageas and Tesco Bank in U-turn over Liverpool car park fire
Ageas and Tesco Bank have said they will refund any excesses paid by car-owners in relation to the Liverpool car park fire, amid widespread anger from customers.
Holiday claims firm in liquidation after being stripped of license
A claims firm which had its license revoked after encouraging holiday makers to fabricate gastric illness claims has been placed in liquidation.
Claims firm boss fined for 'unusual' attempt to buy number plate
The director of an accident claims company has been fined for going to extraordinary lengths to buy a private number plate.
Insured cat losses hit record $135bn in 2017, says Munich Re
The final insurance bill for natural catastrophes over 2017 is expected to come to $135bn (£99.6bn) – higher than ever before, according to Munich Re.
Saga names Gary Duggan CEO of retail broking arm
Saga has named Gary Duggan as CEO of its retail broking arm Saga Services.
Updated: Insurers slammed over Liverpool fire response
Insurance companies have been slammed by motorists for their response to the Liverpool car park blaze.
SSP outage cost firm £289,000
The outage to SSP servers that affected more than 300 brokers cost the software firm £289,000, according to company results.
Sompo International buys Lexon Surety
Sompo International has acquired Lexon Surety Group, the second largest independent surety insurer in the United States.
Neon launches UK’s first ILS vehicle
Lloyd’s carrier Neon has launched the first Insurance Linked Securities vehicle in the UK, NCM Re and raised third party capital to support the UK’s first ILS transaction.
Charles Philipps to leave MS Amlin
Charles Philipps is to step down from his role as CEO of MS Amlin after 19 years.
Liverpool car park blaze to result in motor claims of £20m
The Liverpool car park fire which destroyed 1400 cars on New Year’s Eve will likely result in motor claims worth £20m, insurers warned.
John Nelson awarded CBE in honours list
Former Lloyd’s chairman John Nelson received an accolade in the Queen’s honours list.
Lloyd Bolam Brokers joins Brokerbility
Macclesfield-based Lloyd Bolam Insurance Brokers has joined Brokerbility.
UK's first sharia-compliant home insurance launches
The UK’s first sharia-compliant home and landlord insurance has been launched by Insure Halal.
Qatar Re to acquire Markerstudy's Gibraltar-based insurance companies
Qatar Reinsurance Company Limited has signed a deal to buy Markerstudy’s Gibraltar-based insurance companies, subject to regulatory approval.
Broker J Bennet & Son acquires Mathews Comfort & Co
Brokerage J Bennet and Son has acquired Oxford-based Mathews Comfort & Co for an undisclosed sum.
Urban Jungle secures £1m in funding
Insurtech start-up Urban Jungle has completed a £1m seed investment round.
Post Power List 2018
2018 is likely to be a year dominated by data regulation, more Brexit negotiations and further Ogden reform and, as such, the key influencers reflect this