News
Bollington boss recounts harrowing ordeal of Manchester terrorist attack
A senior insurance boss has recounted his harrowing experience of trying to collect his 14-year-old daughter and friend from Manchester Arena last night following the terrorist attacks.
ABI in talks with the ICO to set up anonymised cyber incident platform
In response to the Wanna Cry ransomware attack, the Association of British Insurers has reiterated its calls for an anonymised cyber incident database once the General Data Protection Regulation comes into effect.
Manchester Arena ‘regularly carried out terrorist response training’
The company that owns Manchester Arena had previously carried out extensive incident response planning for the threat of a terrorist attack.
Swinton call centre staff relocated following Manchester blast
Call centre staff at the Manchester headquarters of Swinton were relocated to the older Bridgewater House building after a terrorist attack nearby.
Perils lifts storm Thomas loss
Natcat expert Perils has given its second loss estimate for windstorm Thomas, also known as Doris, which affected Belgium, Germany, Holland and the UK on 23 and 24 February.
22 dead after explosion at Manchester concert
At least 22 people have been killed and 59 injured after an explosion at Manchester Arena last night.
PWC brings in reg tech start-up to help clients with GDPR compliance
PWC has added a "reg-tech" start-up to its Reference Architecture list of companies that can help clients with General Data Protection Regulation compliance.
Direct Line's Paul Geddes reportedly linked with ITV CEO role
Direct Line CEO Paul Geddes has reportedly been linked to the ITV CEO job following the departure of Adam Crozier earlier this month.
Solvency II ratios not comparable across EU and won't be used in ratings, says AM Best
Solvency II ratios will not be comparable across the European Union and will not be used in rating assessments, according to AM Best.
Mulsanne Insurance and Premium Choice join IFB
Mulsanne Insurance and broker Premium Choice have become members of the Insurance Fraud Bureau.
Lloyd’s redundancies: London market forced to focus on cost
A memo from Lloyd’s of London issued to staff inviting them to register for voluntary redundancy comes as little surprise, experts said, as market carriers are increasingly forced to focus on cost.
Tradex borrows £7m to meet Solvency II requirements after Ogden rate hit
Tradex has borrowed £7m from its parent to maintain its solvency capital position in the wake of the Ogden discount rate change.
Post People 22 - 26 May 2017
This week's key appointments across the industry.
QBE appoints head of negotiated lines for Australia and New Zealand
QBE Australia and New Zealand has appoined Alex Green as head of product – negotiated lines.
Covea sees profits treble following Sterling integration
Covea has seen its pre-tax profits almost treble from £12.9m to £38.4m last year despite “headwinds” from the Ogden rate change.
Insurtech guru to stand as MP to protect start-ups
A senior insurtech boss will stand as an independent MP in the next election, as part of a mission to safeguard the economic environment for insurance start-ups.
This Week: Menace, manifestos and managing general agents
There is a menace in my house in the form of water. First it caused problems in my kitchen (as many of you will remember) and now it's found its way out of the bathroom.
Beazley to open Birmingham office to tap into regional market
Beazley will open an office in Birmingham with 100 staff to target the intermediated regional market.
Lloyd's insurers join forces to form political risk consortium in Asia
Beazley, Chaucer and Talbot have joined forces to form a political risk consortium in Asia offering increased capacity for a wide range of political and contract frustration risks.
Conservative manifesto could lead to reversal of discount rate decision says Apil
The reintroduction of whiplash reform if the Conservatives win the election could come with a reversal of the discount rate, the Association of Professional Injury Lawyers has warned.
Lexis Nexis brings motor claims loss predictor to market
Data analytics firm Lexis Nexis have developed a new predictor of motor claims loss.
Development of Medco platform stalled by election
The development of the Medco platform is being stalled by the shelved whiplash consultation and the general election.
Fraud, corruption and poor governance risks are top future business concern
Boardroom risks, defined as fraud, corruption and poor governance, is the top concern for UK businesses, according to CNA Hardy.
CGI recruits former LV digital head Paul Wishman as global insurance VP
Former LV e-commerce director Paul Wishman has been appointed vice-president of global insurance at CGI.