News
Cybercrime threat overlooked by majority of SMEs
Concern over cybercrime exposure is rising among SMEs but the rate is still low, with just 8% of firms worried about such attacks and 17% thinking they're too insignificant to be targeted.
Career File: Tom Bolt to leave Lloyd's in 2016
Lloyd's performance management director Tom Bolt is to leave the corporation in mid-2016 after almost seven years of service.
O'Connor next to leave Brightside
Brightside confirms Des O'Connor will step down as commercial director.
Qatar Re to trade from Bermuda
Qatar Re will re-domicile in Bermuda after receiving approvals from the regulatory body.
Ironshore opens New Zealand office
Ironshore International has opened a New Zealand office in Auckland today.
Guernsey Finance to open Hong Kong office in 2016
Guernsey Finance will open a Hong Kong office in the first quarter of 2016 to focus on South-East Asia.
Serious crash claim costs up by 11% per policy each year
Amounts claimed in severe motor accidents rose but the number of claims made stayed steady, according to a report by the Institute and Faculty of Actuaries.
Pembroke protects artworks from political risk
Fine art and collectable valuables could be protected from seizure and other losses due to political acts through a new product issued by Ironshore International.
XL Catlin's Foster joins Pioneer
Pioneer Underwriters has appointed David Foster as group chief financial officer.
Aon and Scor develop French flood model
Aon Benfield has developed a French flood scenario model in partnership with reinsurer Scor to better prepare for the potential cost of a flood impacting the country's major cities.
Oric records 2014 operational loss events cost £301m
Members of operational risk group Oric International submitted 884 loss events during 2014 with a total value of £301m.
Hiscox opens £19m York office
Hiscox has today (2 December) opened its office in York, a £19m investment.
Hong Kong investigates claims database
The Hong Kong Federation of Insurers has set-up a provisional board to investigate establishing a claims database for Hong Kong.
Gallagher buys in New Zealand
Arthur J Gallagher has bought Timaru-based broker Reid Manson in New Zealand for an undisclosed sum.
Penny Black's Insurance week - 3 December 2015
We recently heard why robbers shouldn’t target any insurer’s chief digital officers as they are likely to be caught on camera by high tech gadgets.
County acquires Heath Insurance Services
The County Group has acquired Knutsford-based broker Heath Insurance Services, which has a gross premium income of £1.4m.
Management changes for Ageas Retail and Partnerships
Ageas has announced several key moves across the business in its retail and partnerships divisions.
Aviva augments wholesale ambitions with Lloyd's trading location
Aviva is to open an office adjacent to Lloyd's to bring its underwriters closer to brokers in the international wholesale arena.
Marsh completes Jelf acquisition
Marsh has completed its acquisition of Jelf after the deal was approved by regulatory authorities and Jelf's shareholders.
FCA posts alert about unauthorised insurer
The Financial Conduct Authority has issued a warning about an unauthorised insurance company, AJ Cox Insurance.
Reserving certainty a fillip for insurers in Enterprise Bill amendment
A proposed amendment to the Enterprise Bill under consideration by the House of Lords is being championed as giving insurers more certainty around reserving for damages relating to late claim payments.
Career development: Microfinance drives surge in financial inclusion
Research has found both microfinance providers and mobile carriers are driving a surge in financial inclusion for the unbanked populace in developing nations, through the provision of sophisticated mobile finance services.
Career file: Ian Muress: Expanded role for Muress as Crawford restructures
Crawford Europe, Middle East, Africa and Asia Pacific CEO Ian Muress is to take on additional responsibility for Canada and Latin America after being named international operations CEO as part of a group-wide restructure.
Market Moves - 3 December 2015
All the movers and shakers in the market