News
Octo buys telematics assets of Willis
Octo Telematics will acquire the usage-based insurance assets of Willis Towers Watson, including its Drive Ability solution.
Four out of 10 brokers ‘unaware of GDPR’
Four out of 10 brokers are unaware of incoming data protection laws that could potentially shave millions from profits, a survey found.
Industry needs to educate public on 'big ticket' Ogden decision, City Minister warns
Industry needs to join government in educating the public on the change to the Ogden discount rate, City Minister Stephen Barclay MP said.
Hiscox appoints Kate Markham as CEO of London Market business
Hiscox has appointed Kate Markham to its newly created role of CEO of its London Market business.
Predicted losses from cyber crime hits £4.54trn
Losses from cyber crime are only likely to increase because of far-reaching global connectivity, with predicted losses set to reach as high as $6 trillion (£4.54 trillion).
Ardonagh buys Carole Nash and Mastercover
Newly formed broking group Ardonagh has acquired Altrincham-based motorcycle broker Carole Nash and Hertfordshire-based broker Mastercover.
Dive In Festival confirmed for 2018 following this year's high turn out
The annual Dive In Festival has been confirmed for another year, with 2017 counting the highest number of events, attendees, sponsors and participating countries to date.
Ogden reform drives car insurance price drop, but fall 'will be short-lived'
Car insurance prices have fallen by an average of 1.1% in the third quarter of 2017, the largest reduction in more than three years, however the effects will be short-lived, analysts said.
Aviva appoints former Marsh boss to head international brokers
Aviva has appointed former Marsh boss Graeme MacMillan as director for international brokers.
Last day for ICO's GDPR consultation
Today is the last day of consultation on the General Data Protection Regulation.
Beazley begins writing out of Dublin base
Beazley has underwritten its first policies from its base in Dublin.
Biba unveils 'innovation' theme of next year's conference
The British Insurance Brokers’ Association has announced 'Innovate Evolve Thrive’ as the theme for its 2018 conference and exhibition which will be held in Manchester in May 2018.
AIG expects $3bn hit from Q3 losses
US-headquartered global insurer AIG has announced preliminary estimates for natcat losses in the third quarter of 2017.
Erskine Murray acquires Offley Insurance Services
Erksine Murray has acquired Cheshire-based broker Offley Insurance Services.
Arron Banks to float Eldon next year for £250m
Arron Banks is preparing to float Eldon Insurance for £250m next year.
Court gives Gable creditors extra year to register claims
Gable’s creditors now have an extra year to register their claims.
Insurance start-up to offer protection against gazumping
Insurance start-up Homelyfe has launched home buyers insurance which will protect against gazumping.
Lloyd's signs AI deal with Expert System
Lloyd's of London has teamed up Italian technology firm Expert System to bring artificial intelligence into the market.
Scor braces for €430m nat cat bill in Q3
Scor estimates the cost of the Harvey, Irma and Maria hurricanes and the mexico earthquakes at €430m.
Zurich's Jadav swaps the UK for Singapore
Anish Jadav has left Zurich in the UK to join the global insurer's Asia operations in Singapore.
Nate makes US landfall, weakens to a tropical depression
Hurricane Nate, the fourth hurricane to make landfall in the US in the past two months, has weakened to a tropical depression.
PPL update goes live with carrier integration capability
The latest update to the London market’s electronic placing platform went live today, bringing the first phase of a carrier integration capability.
Lockton names Willis P&C co-head to lead global marine
Lockton has hired Alistair Rivers as global head of marine and transportation.
Guidewire buys risk analytics firm Cyence
US software house Guidewire has reached an agreement to acquire California-based data and risk analytics firm Cyence for $275m (£210m) through a mix of cash and shares.