United Kingdom (UK)
Co-op Insurance reports £12m operating loss
Co-op Insurance has reported an operating loss of £12m for 2017, compared to a loss of £18m in the previous year.
Howden takes majority stake in Turkish broker ACP
Howden is to acquire a majority stake in a Turkish broker in a move to become one of Turkey’s largest insurance brokers.
Lloyd’s launches Casablanca office
Lloyd's has opened an office in Morocco’s Casablanca Finance City as the market targets growth in North Africa.
Blog: Intellectual property insurance still under valued despite rise of cyber attacks
There still appears to be a significant disconnect between the understanding of cyber risks and the response to them at board level. RGL Forensics partner Ben Hobby explains that as a result companies might have already suffered, or are about to suffer,…
Amanda Blanc will 'wake up' Zurich, brokers say
Zurich’s capture of Axa UK CEO Amanda Blanc will “wake up” the insurer, brokers have said.
Amanda Blanc leaves Axa for Zurich
Axa UK’s CEO Amanda Blanc is joining Zurich as CEO for Europe, Middle East & Africa, in replacement of Gary Shaughnessy.
Endeavour introduces cyber offering to protect against physical damage
Delegated Authority Specialist and Lloyd’s Broker Endeavour has developed a cyber product to protect manufacturers against the physical damages that occur due to a breach.
Cat bond issuance hits $3.1bn in Q1
Insurers and reinsurers sponsored $3.1bn (£2.2bn) in catastrophe bonds in the first quarter of 2018, up 34% from the first quarter of 2017, according to data analytics provider PCS.
Thatcham appoints Graham Gibson as chairman of its board
Thatcham Research has appointed Graham Gibson as the new chairman of its board.
Downstream energy sector suffers worst loss in nearly a decade
The downstream energy sector suffered its worst loss record for nearly a decade in 2017 with low rating levels exacerbated by one of the worst catastrophe loss years on record.
Regional review: Jersey
The largest of the British Channel Islands, Jersey is located 100 miles from the south of England and 14 miles off the French coast. Covering 45 square miles, the island offers one of the world’s major international finance centres. For the island's…
Former LV GI boss O'Roarke joins Aviva
Exclusive: Former LV general insurance boss John O’Roarke has taken a role as a non-executive of the Aviva general insurance and life businesses.
Editor's comment: Raising them right
As the mother of a nine-year-old, I’ve passed the stage (I hope) of having to tell my son not to pull hair or bite other people, or order him to share his toys and tidy up after himself.
Ardonagh backers complete Compass acquisition
MDS and HPS Investment Partners have completed the acquisition of Compass Broker Holdings following approval from the Financial Conduct Authority.
Broker leaves SSP for Open GI
Islands Insurance Group has left SSP for rival provider Open GI, after a fresh round of outages at the software platform.
PIB capture sees GWP rise to half a billion
PIB Group has acquired commercial broker Wilby, the group’s 14th acquisition in 21 months.
Insurers still failing to meet FCA renewal rules
The Financial Conduct Authority has warned it will take action against general insurers who fail to implement rules introduced to encourage shopping around at renewal time.
Top 100 insurtech firms 2018
Over the past four years insurtech has become a very familiar word and start-ups are launching every day to target sectors underserved by traditional insurance. Post, in association with Tällt Ventures, indexes those that have the most potential to…
Brokers informed: W&I for bricks and mortar
Warranty and indemnity insurance has seen significant growth in the real estate sector over the last few years. And, with the cover offering significant advantages to those involved in real estate deals, many expect it to become a standard part of any…
Aviva's Rob Townend on making sure policyholders benefit from whiplash reform
The whiplash reform and discount rate change can be positive for customers, but Rob Townend, managing director at Aviva UK general insurance, warns the challenge for the industry will be to demonstrate these measures have indeed benefitted policyholders.
Blog: How to stop silicosis becoming the new asbestos
Silicosis could result in claims if employers don't manage risks correctly, explains Andy Miller, technical risk control manager at Allianz UK, wondering whether a tougher approach might be needed.
This week in Post: Caution, doubt and selling out
This week in Post, there was news of sales, incompetence and unprecedented losses.