News
Strong investment results bolster Munich Re's Q1 profits
Munich Re saw a 28% rise in profit in the first quarter of 2017, up to €557m (£469.6m) from €436m for the same period in the previous year.
Majority of brokers concerned about Ogden rate decision
More than 70% of brokers are concerned over the Ogden discount rate and the effect it could have on the number of people buying their policies, according to Covea’s latest broker survey.
Broker Network will not rejoin Towergate, CEO confirms
Broker Network will not rejoin Towergate as part of HPS and MDP’s newly formed general insurance giant.
Legal & General appoints Carol Hughes as head of regional broker
Legal & General has appointed Carol Hughes as head of regional broker within its GI division.
Hiscox chooses Luxembourg as post-Brexit base
Hiscox has announced plans to open a European subsidiary in Luxembourg in response to Britain’s exit from the European Union.
Towergate posts profit and revenue growth in first quarter
Towergate has delivered the third consecutive quarter of year-on-year growth as profit and revenue continue to climb in the first three months of 2017.
Towergate backers launch general insurance giant
Towergate backers HPS Investment Partners and Madison Dearborn Partners will consolidate Towergate with Autonet, Chase Templeton, Price Forbes and Ryan Direct to form a general insurance giant.
Perils estimates Cyclone Debbie costs at A$1.12bn
Zurich-owned catastrophe modeler Perils has estimated the insured property market loss from March's Cyclone Debbie is A$1.12bn.
Markel marine underwriter swaps Sweden for Singapore
Markel International Singapore has recruited a marine underwriter from the specialty insurer's office in Stockholm, Sweden.
Salem replaces Harris at AIG Singapore
Claudia Salem has been promoted to CEO Singapore and head of country operations for South East Asia at global insurer AIG.
AI unlikely to wipe out jobs but will have 'significant' impact on insurance industry
Investment into Artificial Intelligence start-ups has gone up by 80% since January last year but there is some time to go before technology wipes out jobs in the industry.
Insurance industry heavyweights make it on 2017 rich list
Admiral founder and CEO Henry Engelhardt, BGL founder Douw Steyn, and Saga Group’s Sir Roger and Peter De Haan, are among industry figures in the latest Sunday Times Rich List.
Hood Group gets government funding for AI and machine learning project
Hood Group has secured over £96,000 in government funding from Innovate UK that will help it develop data and Artificial Intelligence services.
Three in court tomorrow for murder of Guy Hedger
Three men will appear in court tomorrow for the murder of insurance marketing executive Guy Hedger.
UK General hires Bluefin chief risk officer
UK General has appointed former Bluefin executive Jane Bean as chief risk officer.
Hong Kong Insurance Authority appoints CEO and senior directors
The Hong Kong Commissioner of Insurance John Leung Chi-yan has been appointed as CEO of the incoming Insurance Authority for one year.
Post Claims Club: Travel sickness claims surge driven by claims farming
Travel sickness claims have soared as legal firms push holidaymakers into making spurious claims, a Post event heard.
UK General chief risk officer resigns
UK General chief risk officer Steve Blott has left the business.
Finch to buy three more brokers before September
Finch is in talks to acquire three more brokers before September.
Kennedys to merge with US insurance law firm
Kennedys will be merging with US insurance law firm Carroll McNulty & Kull to create a global insurance practice.
Mackinnon and Nanra join ICA's board
The Insurance Council of Australia has appointed two senior members to its board.
Robo insurance developer seeks MGA partner
An insurtech developer is looking to partner with an underwriter to further develop its Artificial Intelligence-based chatbot.
Halo to offer car hire excess insurance to Italian market
Insurtech broker Halo Insurance Services has expanded into the Italian market by offering car hire excess insurance policies.
Penny Black's Social World - May 2017
Data disciples, dangerous desserts and Dames with daschunds