United Kingdom (UK)
BLM targets EC3 push with new London market and reinsurance heads
BLM has named Damian Cleary as head of London market and Gavin Coull as head of reinsurance as the law firm targets growth in Lloyd’s.
Lack of women at senior level driving gender pay gap as CII renews call for change
The insurance sector’s woeful gender pay gap statistics is a reflection of the imbalanced representation of men and women at senior levels, according to analysis from the Chartered Insurance Institute.
AIG's Mark Camillo on how GDPR is driving the European cyber market
GDPR is driving a surge in the European cyber insurance market, explains Mark Camillo, head of cyber for Europe, Middle East and Africa at AIG.
Analysis: Beauty fraud: No pain, no gain
In an era of Instagram brows and duck lip selfies, the beauty industry is thriving. While most customers visit their hairdresser, nail bar or tanning salon to look smoking hot, others see a beauty treatment as a route to a windfall, via a fraudulent…
CBL director and INEDs resign
Sir John Wells has stepped down as director and chair of CBL, along with two independent non-executive directors.
Axa Research Fund gets €50m endowment
Axa has committed €50m (£44m) to its research fund over the next five years.
Das v Asplin: Guilty three sentenced to 15 years
Paul Asplin, David Kearns and Sally Jones were sentenced to a total of 15 years for conspiracy to defraud insurer Das.
FSCS to pay out for claims against failed insurance and marketing intermediary
The Financial Services Compensation Scheme is satisfied that a former insurance and marketing intermediary is in default, meaning that customers will be able to apply to claim compensation.
Lloyd’s Brussels receives ‘A’ rating from AM Best
AM Best has assigned the Lloyd’s Brussels hub a Financial Strength Rating of ‘A’ (Excellent) and a Long-Term Issuer Credit Rating of ‘a+’.
The MGAA’s Peter Staddon on planning to thrive and not just survive
The future can be a perilous place, especially for the insurance sector, says Peter Staddon, managing director of the Managing General Agents’ Association. In an environment typified by tough market conditions, Brexit, and increasing waves of regulation,…
Dive In 2018 launches, saying it's #time4inclusion
The Chickenshed theatre company gave a moving and uplifting performance outside the Lloyd’s building for the official launch of the fourth Dive In festival, whose theme this year is #time4inclusion.
MGAs risk huge losses from mispricing cyber: Chilton
Managing general agents who lack specialist knowledge are at risk of unintentionally providing underpriced, 'silent' cyber cover in policies, outgoing Gallagher CEO Grahame Chilton warned.
Brexit White Paper will transform industry into ‘rule taker’
The government’s blueprint for a future trading relationship with Europe would be the “worst possible scenario” for the insurance industry, trade bodies have warned.
Ignition Select has administration extended by a year
Collapsed Ipswich-based broker Ignition Select has had its administration period extended by a year.
Advent and Brit owner looks to merge Lloyd’s businesses
Fairfax Financial Holdings, the parent of Advent Capital Holdings and Brit, is planning to merge some of their Lloyd’s business and place the rest into run-off.
PIB eyes Europe expansion
Broker consolidator PIB will look to grow in Europe, CEO Brendan McManus told a conference.
Flood Re sets out 2039 plans for affordable pricing
Flood Re has set out its long-term vision for when it exits the market in 2039.
Call out rogue MGAs, urges Chilton
Grahame Chilton urged attendees of the Managing General Agents Association’s annual conference attendees to call out rogue MGAs.
Zurich's Puneet Sharma: Calling time on credit markets
Credit has been underperforming equities and Puneet Sharma, managing director at Zurich, believes this warrants a rethink of portfolio positioning.
Lloyd's launches insurance matching site as digital push continues
Lloyd’s has launched Lloyd’s Bridge a digital distribution platform designed to connect insurance businesses with Lloyd’s underwriters.
Q&A: Lynda Lucas, chair, Airmic
Lucas began her career as a company secretarial trainee at British Aerospace and has since had various risk management roles at companies including Nortel, Old Mutual and, since 2006, Fujitsu. She has been an Association of Insurance and Risk Managers…
Analysis: Allianz’s acquisitive appetite
With reports suggesting that CEO Oliver Baete has a big ticket acquisition in mind, rumours have been circulating that Allianz could look to hoover up one of the larger players in the UK market.
Analysis: Sport injury: Hitting hard
As professional sportspeople complain about their insufficient cover for career-ending injuries, insurers fear a surge in claims from contact sports
UK General appoints Ryder as NED
Exclusive: UK General has appointed Clare Ryder as a non-executive director.