Europe
Piggot replaces retired Reeves at Crawford
Former Gen Re claims manager Geoff Piggot has been named as CEO of Crawford Global Technical Services.
UK to leave single market, Prime Minister confirms
Theresa May has confirmed that the UK will be leaving the single market, but will negotiate for a free trade agreement for financial services.
Global catastrophe losses rise to highest levels in four years
With insured losses totalling $54bn (£44bn), global natural disasters in 2016 combined to cause the highest economic losses in four years, according to a new report from Aon Benfield.
Half of industry expects economy to deteriorate this year
Nearly half of those working in the insurance sector expect the economy to deteriorate this year.
LV's Martin Milliner on how getting whiplash right could restore faith in insurance
Working with government, regulators and trade bodies to build public trust in insurance is a common aim of our profession and more important than ever when considering today's unnecessary claims culture.
Boeing 747 cargo plane crashes enroute from Hong Kong to Istanbul
At least 37 people have been killed after a Turkish cargo plane crashed into a village near the capital of Kyrgyzstan this morning.
Helvetia Insurance to invest £44m in start-ups
Helvetia Insurance is launching its own venture fund for investments in start-ups, with an aim of driving forward digitisation.
Business interruption is top business risk in 2017
Business interruption continues to come top of the risk rankings as businesses fear the impact of market uncertainties and political perils, according to a report from Allianz.
Europe: Falling foul of the defamation minefield
The availability of defamation cover in the US has driven the market in Europe, but claims are moving from libel to privacy.
Companies braced for year of uncertainty, says Allianz's Fischer Hirs
Chris Fischer Hirs, CEO of Allianz Global Corporate Specialty, has said companies worldwide are bracing for unpredictable changes this year.
Global Maritime brings Eagle Lyon Pope back to market
Global Maritime has re-launched Eagle Lyon Pope, its ports and shipping, marine casualty investigation and loss adjusting division.
JLT will not wait for Article 50 to begin Brexit restructure
JLT is already introducing contingency plans for post-Brexit operations, said deputy CEO Mark Drummond-Brady.
Gibraltar insurer stops writing business ahead of Brexit
Gibraltar-based Horizon Insurance has ceased renewing and accepting new motor policies in the wake of the Brexit vote.
Compre acquires UK business of AG Insurance
Insurance and reinsurance legacy specialist Compre has acquired the UK business in run-off of the Belgian (re)insurer AG Insurance for an undisclosed sum.
Lorry safety changes will not be delivered any time soon
Remove the cab of a lorry and chop off the bottom, put it back, sliding it forwards and downwards in front of the engine and - voilà! - better road safety because the driver is closer to the ground and better able to the see directly the space around the…
Insurers paid out $50bn for natural disasters in 2016
Insurers paid out $50bn (£41bn) in natural disaster claims during 2016, making it the costliest year for natural catastrophe losses since 2012.
FSCS pays out over £26m on Enterprise claims
The Financial Services Compensation Scheme has paid out over £26m in compensation on claims following the collapse of Enterprise Insurance.
Boris Johnson rounds on ‘insane’ Vnuk ruling
Boris Johnson has declared the EU Vnuk ruling as “insane”, even as the government launches a consultation on ways to incorporate the ruling into UK law.
Europe: How to spot online insurance opportunities
More than 400 online channels of insurers in Europe are currently doing business and this number is increasing. However, not all of these online channels are successful.
Kofax's Ong on innovations to enhance customers’ digital experience
From e-signatures to smart capture, Alson Ong shares innovations insurers can use to retain tech-savvy, omnichannel and increasingly demanding customers.
European insurers paid out €2.7bn a day last year
Europe’s insurers paid out a total of €975bn (£818bn) in claims and benefits over the course of last year, the equivalent of €2.7bn (£2.27bn) per day.
206,000 Enterprise policies transferred to new insurer
Motorway Direct and NCI Roadside Assistance have transferred 206,000 Enterprise policies to new insurers with effect from 14 December.
Russian insurance market expected to grow in 2017
As Standard & Poor's is revising its outlook on Russia upwards, local insurers are predicting the market will grow in 2017.
Building Block expands gadget cover into Irish market
Malta-based insurer Building Block has signed a distribution agreement with Frost Insurances to bring its gadget product to the Irish market.