News
Generali in exclusive talks to buy My Drive Solutions
Generali group CEO Mario Greco is seeking a "new business model" as the Italian insurer opens exclusive talks to buy UK-based telematics provider My Drive Solutions.
Taiwan life insurer buys Madame Tussauds' building
Taiwan-based Fubon Life has bought the building which houses iconic London attraction Madame Tussauds for £348.8m.
Am Trust Europe acquires Composite Holdings
Am Trust Europe has acquired Cardiff-based Composite Holdings; a business it had provided underwriting capacity for over the past four years.
ABI reminds government to consider flood risks for new homes
The Association of British Insurers has urged the government to consider flood risks when delivering promised new housing.
National Windscreens seals Ageas deal
National Windscreens has been named the sole supplier for all repair and replacement jobs booked through Ageas customers.
AIG gives London market platform £6.5m capacity boost
AIG has increased the capacity available through its London market platform by $10m (£6.5m) across all financial lines and casualty products and for the exclusive use of the international wholesale market.
JLT appoints group finance director
Charlie Rozes is set to relieve Jardine Lloyd Thompson CEO Mike Reynolds of his group finance director duties.
Chinese firms top reputation survey
China-based companies have taken the top two spots in Millward Brown’s annual Brandz survey to find the top rated insurers.
Zurich's CEO joins $12trn investors to urge G7 climate pledges
Martin Senn, Zurich's global CEO, has signed a letter with some of the world's leading investors calling for urgent action on climate change.
Tokio Marine Kiln appoints political risks underwriter in Singapore
Edmund Lee has joined Tokio Marine Kiln as a trade and political risks underwriter in Singapore.
Updated: Gallagher at risk of FCA penalty from s166 review
Arthur J Gallagher says it cannot rule out the possibility of being fined or penalised by the Financial Conduct Authority after a quarterly statement from the company revealed the regulator had called for a skilled person's review of parts of the broker…
Insurance quiz of the week - 22 May 2015
Insurance supremo, or need to swat up?
Aon highlights increased European terrorism threat
Aon has identified nine developed economies as being at an increased risk of terrorism, including seven from Europe.
Equinox Global appoints King as head of UK and Ireland
Lloyd's coverholder Equinox Global, which specialises in trade credit insurance, has appointed Nick King as head of UK and Ireland.
Hill Dickinson appointed CHO associate member
Hill Dickinson has joined the Credit Hire Organisation as an associate member with fraud head Peter Oakes coming on board the CHO's executive committee to advise on counter fraud strategies.
Regulatory spotlight leads to IUA delegated authority group
A London company market committee run by the International Underwriting Association is being established to discuss delegated underwriting authorities.
R&Q to buy IC Insurance for £17m
Randall & Quilter is to acquire IC Insurance from indirect owners Astra Zeneca UK and Imperial Chemicals Industries.
Brit plans to delist on 23 June
Brit has written to the UK Listing Authority and London Stock Exchange for its shares to be delisted.
Amount spent on insurance transactions has soared in 2015
The year so far has seen the most amount of money and shares spent on insurer, reinsurer and broker acquisitions since 2008 according to financial information group Dealogic.
Axa to divest €500m of coal assets by end of 2015
Henri de Castries, the global CEO of Axa, has announced the insurer will sell €500m of its holdings in coal companies over climate change concerns.
Insurers to suffer COR deterioration as motor premiums plummet by £400m
Motor insurers are facing a couple of challenging years in which the market average combined operating ratio could deteriorate to 105%, according to Deloitte calculations based on declining motor premiums.
Ex-insurance employee given suspended sentence for fraud
A former City insurance employee who made six sham insurance claims for designer goods and gadgets has been handed a suspended jail term and ordered to repay tens of thousands of pounds to his victims at the Old Bailey.
ABI speaks out against FCA survey results
The Association of British Insurers has hit back against the findings of a report by the Financial Conduct Authority on the relationship between insurers and small and medium enterprises.
Hatton Garden raid loss unlikely to be known for some time
The true scale of the Hatton Garden jewellery raid is unlikely to be known "for some time", according to Cunningham Lindsey's high net worth specialist Simon Willsmer.