News
Claims Club: Co-op insurance chief calls for industry collaboration during next flood event
The chief operating officer of Co-op Insurance has called on the insurance industry to collaborate better during major flood events.
Claims Club: Ogden rate change 'has triggered major underinsurance issue in liability cover'
The insurance industry is not doing enough to protect clients from underinsurance in liability claims as a result of the Ogden discount rate changes, the sector has been warned.
Harvey highlights insurance penetration shortfall says Aon Benfield
A significant proportion of the flood losses generated by Hurricane Harvey in Texas and Louisiana will be uninsured, highlighting the existence of a global protection gap, Aon Benfield has said.
Generali sells Generali Nederland to ASR Nederland
Generali Group has entered into a share purchase agreement to dispose its entire shareholding in Generali Nederland.
Reinsurance role at an ‘inflection point’ for disaster relief: WTW CEO
The global reinsurance sector is at an inflection point in how it is utilised by the humanitarian sector, according to Willis Towers Watson’s CEO of capital science and policy.
JRW Group eyes expansion as it rebrands as Ripe
The JRW Group has rebranded as Ripe, as the business seeks to expand into further niche lines.
Catlin calls for industry cooperation on tackling protection gap
Industry veteran Stephen Catlin has called on the reinsurance and insurance sector to cooperate and work together in closing the protection gap.
LV reports £49m GI operating profit during H1 2017
LV has reported a strong growth in its general insurance operating profit which went up to £49m in the first half of 2017, compared to £22m in the same period last year.
Axa to "rebalance" IT roles in Asia
Global insurer Axa has said it is "rebalancing some roles in the region" following a report it is cutting around 250 staff from its centralised Asia IT operations in Hong Kong.
Insurers may be forced to re-write cyber policies in preparation for GDPR
Insurers offering cyber policies may see themselves having to adjust the wording of their cyber policies as the General Data Protection Regulation comes into effect.
Prejudice against insurance driving protection gap, says Swiss Re CEO
A lack of understanding of insurance and prejudice against the sector is hampering progress in closing the protection gap said, Swiss Re’s CEO.
Lawyers urge Lords to ban 'tasteless and intrusive' cold calling
Lawyers have urged the House of Lords to ban the “scourge” of cold calls by personal injury CMCs.
Hurricane season highlights need to maintain adequate catastrophe loading, says Lloyd’s
The active hurricane season is a timely reminder for underwriters to maintain discipline and adequate catastrophe loading on rates, Lloyd’s Jon Hancock has said.
Harvey and Irma are not market turners, says Hancock
The financial fallout from hurricanes Harvey and Irma will not be enough to turn the market, according to Lloyd’s performance director Jon Hancock.
AA holds talks over insurance business sale to Hastings
The AA and Hastings have held talks over a potential general insurance partnership.
Group CEO Neal to exit QBE
QBE's group CEO John Neal will step down from the Australia-headquartered global insurer on 31 December.
Chubb chooses Paris as post-Brexit base
Chubb today revealed that the company intends to locate its European Union headquarters in France if the United Kingdom leaves the EU as expected in 2019.
CFC Underwriting introduces dark web monitoring tool
CFC Underwriting has launched a dark web monitoring tool for its cyber insurance policyholders.
Principal Insurance recruits ex-Autonet boss
Principal Insurance has recruited Penny Wardale to the newly created boardroom position of HR, training and compliance director.
Lloyd’s sets sights on underinsured markets: Vandendael
Underinsured markets represent a major opportunity for Lloyd’s, the markets chief commercial officer has said.
Lloyd’s executive slams 'unsustainable' low interest rates
Lloyd’s of London chief commercial officer, Vincent Vandendael has slammed low interest rates as "unsustainable".
Ex-RSA employee sentenced after submitting £270,000 in fraudulent claims
An ex-RSA employee has been sentenced after pleading guilty to a number of fraud offences totalling to £270,000.
Am Trust applies to combine three syndicates
Am Trust has applied to Lloyd’s for approval to combine its three fully aligned non-life syndicates under one management.
UK General appoints Vicky Hodgson as COO
UK General has appointed Vicky Hodgson as chief operating officer.