News
Lycetts appoints Charles Foster as CEO
Lycetts has appointed Charles Foster as CEO, subject to regulatory approval.
Andrew Fyfe announced as new Ifed chief
Detective chief inspector Andrew Fyfe has been appointed as the new head of the City of London’s Police’s Insurance Fraud Enforcement Department.
Amex winds up its travel insurance business
Exclusive: American Express has placed its travel insurance business into run-off, as part of a wider restructure of its insurance unit.
Charles Taylor opens Leeds office
Charles Taylor Adjusting has opened a new office in Leeds focusing on construction professional indemnity.
MP launches petition to freeze IPT rise
An MP has launched a petition urging the government not to raise the Insurance Premium Tax in next week’s budget.
Compre to acquire reinsurance portfolio from Allianz
Compre has agreed to acquire a portfolio of assumed non-life reinsurance business from Allianz for an undisclosed sum.
Perils provides Xavier loss estimate
Zurich-based nat cat data firm Perils has given its initial loss estimate for extra-tropical Cyclone Xavier which hit Germany on 5 October.
Axa commits €200m a year to innovation; will reduce head office costs by 25%
Speaking at an investor day Axa group CEO Thomas Burberl is looking to innovate to accumulate.
Insurers 'shouldn't underestimate Amazon'
Insurers shouldn't underestimate Amazon in its plans to expand into insurance, a conference heard.
Guidewire 2017: 95% of investment in distribution 'will be wasted'
Investment made by insurers into new distribution models and technology could be wasted, a conference heard.
Markerstudy makes 27 redundancies at Chesterfield office
Markerstudy has made 27 employees redundant at its Chesterfield site.
Guidewire 2017: General insurance to lead the way in digitalisation
General insurance is 'the ideal industry for digitalisation' because of the resources of incumbents, a conference heard.
Insurers divest $20bn from coal
Insurers are divesting an estimated $20bn (£15bn) in equities and bonds from coal projects, according to the Unfriend Coal campaign.
GRP appoints Graeme Lalley as CIO
Broker investment vehicle Global Risk Partners has appointed Graeme Lalley chief information officer.
We Go Look set for 2018 UK expansion
On-demand field inspection and verification firm We Go Look is planning to firmly establish its presence in the UK market next year.
Guidewire 2017: Insurers urged to switch to live data
Insurers should look to switch from static data to live data in order to accurately track risks faced by customers.
Zurich expects commercial rates to increase
Global insurer Zurich is expecting rates to increase for commercial lines helping the firm meet its financial objectives.
Chubb establishes Asia-Pacific division to target SMEs
Global insurer Chubb has created a Singapore-based Asia-Pacific division targeted at SMEs with a focus on risk management.
Tower seeks to raise capital and focus on digital
Following a failed sale to Suncorp, New Zealand insurer Tower is looking for other ways to secure its future after a loss for full year 2017.
Nagico counts cost of hurricane season
Caribbean insurer Nagico said its gross loss from two devastating Carribean hurricanes is around $550m (£419m) but said the losses were "within" its reinsurance program.
Zoopla owner makes failed bid for Go Compare
Go Compare has rejected an offer from Zoopla owner ZPG worth roughly £460m.
Cass-Stephens acquires D Paxman Insurances
Gloucester based Cass-Stephens has acquired commercial broker D Paxman Insurances, its seventh acquisition in the last 15 years.
Direct Group claims director Russell Crewe takes Towergate role in reshuffle
Direct Group claims director Russell Crewe has taken interim responsibility for claims servicing at Towergate Underwriting.
Former Aspen head launches Chord Re MGA
Former Aspen Re head Stefan Long has launched managing general agent Chord Re, which will underwrite on behalf of Neon Syndicate 2468.