News
Neon looks to MS Amlin and names Heppell as CFO
Lloyd’s carrier Neon has names Richard Heppell as chief financial officer for the group.
Pricing pressure and aggregators will hurt company market in 2018, says Fitch
Intense competition and increasing use of price comparison websites will continue to pressure insurers’ earnings in motor and household insurance, Fitch has warned.
Guernsey-based Chinese insurance company established
Brilliant Reinsurance has become Guernsey’s first Chinese insurance company.
Former Go Compare execs launch anti-fraud network to increase communication
Two ex-Go Compare senior heads have put together an insurance industry networking platform, No Office Walls, that will aim to tackle fraud through increased communication.
Compare the Market owner valued at £2.2bn as investment derails IPO
BGL group has shelved plans for a stock market float for Compare the Market, after an overseas investor bought a 30% stake in the business.
Sector must tackle rising escape of water claims, warns ABI
Tackling the rising costs of escape of water claims must be the “number one priority” for the domestic property insurance market, the Association of British Insurers has said.
Home premiums on the up as repair costs and fraud escalates
Home insurance premiums are soaring as rising inflation increases the cost of claims while fraud escalates, according to research findings.
Sabre sets out share price range ahead of IPO next month
Sabre Insurance has set out the share price range for its initial public offering next month.
Stephen Hines elected president of Foil
Stephen Hines has been elected president of the Forum of Insurance Lawyers, succeeding DWF’s Nigel Teasdale.
Former Admiral pricing exec named CEO of US subsidiary
Alberto Schiavon has been named as CEO of the US direct to consumer insurer Elephant Insurance.
Allianz and Sri Ayudhya Capital join forces in Thailand
Allianz and Sri Ayudhya Capital will team up to expand the coverage of life and general insurance business across Thailand.
Delta Insurance launches online financial lines platform in Singapore
New Zealand-based digital disruptor Delta Insurance has partnered with a Lloyd's syndicate to provide cyber, technology and financial lines insurance online in Singapore.
Driven Consortium backs Budget on autonomous vehicles
The Driven Consortium has welcomed government plans to slash regulation and boost financial support to aid the development of autonomous vehicles.
Insurers welcome IPT freeze in this year’s Budget
The government will not raise insurance premium tax in this year’s Budget, a move which has been welcomed by insurers.
Allianz takes aim at underinsured SMEs
Allianz is launching a data initiative designed to reduce the number of SMEs that are underinsured.
Canopius signs admitted paper deal with State National
Canopius has signed an agreement with State National, enabling it to offer specified lines of insurance written on admitted paper across the United States.
Budget 2017: Live blog
The industry's reaction to the Budget statement 2017.
Haegeli named Swiss Re's chief economist
Jerome Jean Haegeli will become Swiss Re's group chief economist at the Swiss Re Institute.
Liberty promotes Beechey to global financial risks role
Liberty Specialty Markets has named Andrew Beechey as head of underwriting and strategic development for global financial risks.
Cost of natural disasters to more than double in Australia by 2050, says study
A comprehensive study has suggested Australia's natural disaster costs are going to become a lot worse in the future.
Ping An considers spinning off tech units
Listed Chinese insurance giant Ping An is considering listing its technology and internet subsidiaries.
Post survey: Advanced Driver Assistance Systems
Post is polling the market on what advanced driver assistance systems mean for motor insurers and their customers.
H2 nat cats set to push up P&C pricing, says Swiss Re
Prices in non-life insurance and reinsurance are expected to increase as a result of the recent nat cat activity across the Atlantic, Swiss Re has said.
Commercial insurance rates continue to decline in Q3
Global commercial insurance rates have declined for the 18th consecutive quarter.