Europe
Remaining Enterprise claims 'progressing rapidly', liquidator confirms
Premium claims yet to be returned to Enterprise policyholders will "progress rapidly" over the coming weeks, liquidator Freddie White has confirmed.
Aviva offloads French life insurance holding
UK-headquartered insurer Aviva has sold its entire 50% shareholding in Paris-headquartered life insurance joint venture Antarius.
Profits at Zurich's global GI division improved 182% in 2016
Swiss giant Zurich's global general insurance operating profits climbed 182% last year to $2.44bn (£1.95bn) from $864m in 2015.
FSCS refunds 75% of Enterprise customers
Three out of four former policyholders of Enterprise have been compensated by the Financial Services Compensation Scheme.
Nexus Group's Colin Thompson on the evolution of MGAs
With more than 300 UK-based managing general agents underwriting roughly £5bn - circa 10% of the UK general insurance market - the MGA is already firmly established within the London market providing a key access point to local markets and the ability to…
Ten more insurance firms join Blockchain pilot
Ten more insurance companies have joined a pilot scheme to test the impact of Blockchain on the industry.
Marsh's Glaser hails 'excellent' 2016 results
Global broker Marsh finished off the year with a flourish to help produce solid revenue and strong profit growth for 2016.
Brexit whitepaper confirms UK will negotiate for financial free trade
The government’s Brexit whitepaper has reaffirmed Theresa May’s promise to negotiate the freest possible trade in financial services between the UK and the European Union.
Post Power List 2017: Samantha Barrass
CEO, Gibraltar Financial Services Commission
Post Power List 2017: Michel Barnier
Chief Brexit negotiator at the European Commission
Chubb sees $4.1bn after-tax profit in 2016
Global giant Chubb's after tax profits were $4.1bn (£3.2bn) last year compared with $2.8bn in 2015.
XL Catlin's CEO McGavick reflects on 'challenging year'
Bermuda-based global insurance giant XL Catlin saw operating profits fall from $706m (£557m) in 2015 to $461m last year as the firm paid out significantly more for nat cat losses.
ABI calls for changes to ‘flawed’ Solvency II risk margin
Insurers have submitted a request to the regulator for changes over a “flawed” portion of Solvency II.
QBE denies £12.1bn Allianz takeover bid
QBE said there was “no basis” to reports it is in talks on a £12.1bn takeover bid from Allianz.
Generali: We won’t use chat bots to deflect angry customers
Generali is trialling chat bots for “bureaucratic” tasks, but the company’s head of global claims said it wouldn’t be appropriate to use the technology to deal with angry customers.
European insurers hoping to emulate UK’s ‘aggressive’ fraud data sharing regime
Half of insurers in Europe that don’t currently share information with competitors on fraud wish to do so, according to a survey.
Telematics firm Kroodle looks to high risk customers of parent Aegon
Dutch insurer Aegon is using its start-up telematics provider Kroodle to improve driving performance of customers with high claims volumes.
Italian earthquake losses updated to £106m
Perils has updated its loss estimate for Italy’s October earthquakes from €31m (£26m) to €125m (£106m).
Generali terminates chief financial officer Minali's contract
Generali's general director and chief financial officer Alberto Minali has had his employment terminated.
Intesa weighs bid for Generali
Italy's largest bank Intesa Sanpaulo is investigating a potential bid for Italy's largest insurer Generali.
UK boss Alan Moore hails Generali as a 'viable alternative' to corporate insurance establishment
Generali is "a sleeping giant" in terms of corporate multinational business and could position itself as a real competitor to the likes of AIG, Allianz and Zurich, says its UK head.
Chubb promotes Dmitriev
Nikolay Dmitriev, Chubb's regional managing director for Russia, CIS and Turkey, has been promoted.
Paris experiments with driverless buses
Paris began a three-month test of two driverless buses yesterday, in what is the first stage of the city's embrace of self-driving vehicles.
French app-based start-up joins insurtech incubator programme
App-based insurtech start-up Cbien has joined as one of the 10 firms on Startupbootcamp’s 2017 programme.