International
Andy Fairchild to lead Applied in UK
Former Broker Network CEO Andy Fairchild has been appointed to the newly created role of CEO of Applied Systems Europe.
Crawford appoints Caroline Poppleton as D&I inclusion leader in UK
Caroline Poppleton has been appointed diversity and inclusion leader for Crawford’s UK operation alongside her current role as head of business development.
Former Skyscanner chief Rice-Jones to chair Admiral’s aggregator network
Admiral-owned Penguin Portals Limited has picked up ex-Skyscanner chair Margaret Rice-Jones as board leader of the aggregator network.
Interview: Scott Walchek, Trov
One of the original insurtech poster children, Trov recently pulled its personal lines offering in the UK and quickly followed this up by partnering with Lloyds and Halifax on renters’ insurance. Trov CEO and co-founder Scott Walchek sat down with Jen…
Searchlight to buy majority stake in GRP
Searchlight Capital Partners is buying a majority stake in consolidator Global Risk Partners.
Integration headwinds hit UK growth in 2019, says Marsh
Marsh & McLennan Companies has reported revenue of $16.65bn (£12.66bn) and profits of $1.74bn for 2019.
Gallagher posts 5.6% group broking and risk management organic growth in 2019
Gallagher delivered revenue and margin growth across all four UK trading units of retail broking, specialty broking, Pen Underwriting and Capsicum Re last year, Simon Matson has stated.
People buy insurance to transfer risk, not because you are 'technologically cool': Aon claims boss Harrison
Insurers and brokers should not lose sight of the fact that customers buy insurance to transfer risk, and not because a provider has something “technologically cool,” a conference heard.
Microsoft data breach: Cyber experts warn of knock-on claims effect
Microsoft’s data breach, which saw details of a reported 250 million customers made available online, could leave insureds facing knock-on phishing attempts and the tech giant facing a fine.
Coronavirus: Organisations urged to review business continuity and crisis management plans
As the number of confirmed Novel Coronavirus cases hit 2014 yesterday, businesses have been advised to make sure they factor the virus into their risk plans.
Allianz CEO Bäte calls for tenfold increase in net-zero investments to avert climate apocalypse
Allianz CEO Oliver Bäte has said that the amount of assets institutional investors commit to reaching net-zero greenhouse gas emissions has to increase tenfold before 2050 in order to avert a climate apocalypse.
Data non-profit aims to spur development of climate-ready financial products
A non-profit seeking to draw up open industry data-sharing standards to address the climate crisis has launched with £1m funding and a consortium of partners that includes Aon and Brit.
Liberty's Matthew Moore to succeed Andrew Horton as LMG chair
Liberty Specialty Markets CEO Matthew Moore has been named as the next chair of the London Market Group.
Chaucer appoints CRO from within
James Wright will become Chaucer’s chief risk officer from April.
'Completely new ways of thinking' needed to address $1.2tn protection gap
Insurers need to make further efforts to focus on the customer and build trust if they are going to address the $1.2tn (£920bn) global protection gap, a conference heard.
Matson hints at US reinsurance M&A following Capsicum Re buyout
Capsicum Re could seek to expand its presence in the US through acquisitions, Gallagher UK broking and underwriting CEO Simon Matson has said, following the company’s acquisition of the reinsurance broker.
Ken Randall to step down from R&Q
R&Q has recruited William Spiegel as executive director and deputy group chairman ahead of co-founder Ken Randall stepping down in around 12 months’ time.
Optio buys Newbridge Risk Partners
Managing general agent Optio has bought specialist political-violence and terrorism MGA Newbridge Risk Partners for an undisclosed sum.
UK motor reinsurance rates rise by up to 35%, says Willis Re
UK motor liability reinsurance rates for some accounts rose by up to 35% in the annual January renewal season, according to Willis Re.
Blog: (We) Working through Lemonade’s IPO woes
I wasn’t surprised to see that Lemonade has reportedly shelved its plans for an initial public offering, amid troubles in investor Softbank’s portfolio.
Ardonagh explains carrier cull and alternative capital plans in APS roll out
Ardonagh has cut its carrier relationships from 940 to 700 in the past six months with an eventual target of below 200, Paul Dilley, CEO of Geo Underwriting told Post.
Peter Zaffino named AIG president
Peter Zaffino will become president of insurer AIG in the New Year.
Blog: Fail it or nail it?
Post news editor Jen Frost mulls general insurance appetite for innovation and, somewhat unintentionally, stumbles on Amanda Blanc as a common theme.
Duck Creek picks up $120m investment
Insurance software provider Duck Creek has raised $120m (£91.3m).