United Kingdom (UK)
Chubb says it shouldn't pay for Weinstein's court defence
Chubb has asked a court to recognise it does not have to provide coverage for the defence of producer Harvey Weinstein in connection to 11 sexual harassment lawsuits.
Axa to launch multiple lines through insurtech Brolly
Exclusive: Axa is planning to provide multiple lines through Brolly following a tie-up with the insurtech.
Compass to retain brand after acquisition by Towergate owners
Exclusive: Compass Broker Holdings will retain its own brand after being acquired by HPS and Madison Dearborn Partners, executive chairman Alex Alway has confirmed.
Julie Page to take over as Aon UK CEO
Aon UK has promoted Julie Page as its new CEO and chosen Dominic Christian as global chairman of Aon Benfield.
Penny Black's Social media roundup for March 2018
Music and mental health plus piazzas and pancakes
Analysis: How insurtechs are striking gold with private equity investors
Why is private equity the primary investor in insurtech?
My other life: Derrick Potton, Hiscox, diver
When not busy as sales director at Hiscox UK & Ireland, Derrick Potton spends his time diving.
JLT’s ‘chequebook open’ to European acquisitions following strong results
JLT is open to targeting bolt-on acquisitions in Europe following the group’s strong 2017 results.
Admiral applies for post-Brexit base in Spain
Admiral will aim to open a post-Brexit subsidiary in Spain, the company announced, as it reported a 43% increase in its pre-tax profit last year.
Editor's comment: Media matters
My name is Stephanie Denton and I am a social media voyeur.
Interview: Romaney O'Malley, AIG
AIG head of UK regions Romaney O’Malley has been heading the group’s industrial segment since June 2016. She explains to Will Kirkman how the insurer is reshaping its approach to risk and fostering its female talent
Direct Line signs Volkswagen deal as profit climbs 51%
Direct Line has signed a deal with Volkswagen to provide insurance cover to its brands at a time when the motor market is going through “unprecedented change”, the insures CEO has said.
Scottish government endorses ABI's efforts on diversity
The Scottish government has endorsed the Association of British Insurers' efforts on diversity across the insurance sector.
Modernisation essential to ward off emerging market threat, says Beale
Lloyd’s must continue its focus on modernisation or remain under threat from other jurisdictions, a conference heard.
PRA to look at Solvency II impact on insurers
The Prudential Regulation Authority will be working closely with the insurance industry to make sure that Solvency II requirements do not damage competition in the sector, the Association of British Insurers Annual Conference heard today.
Climate groups urge Lloyd’s to tackle coal investment
Lloyd’s of London is under pressure from climate change groups to take action on insuring and investing in coal projects and change its rules for market members.
Administrators appointed at CBL Insurance Europe
The Central Bank of Ireland has appointed an administrator for CBL Insurance Europe.
Roundtable: The pre-action protocol at 20
Over two decades ago, a quintet sat down to formulate the pre-action protocols for personal injury claims. Post gathered four [Nigel Tomkins, then of Thompsons could not make it] back together to reflect on their influence, lessons learned and the…
Ardonagh's David Ross on changing attitudes to mental health
Mental wellbeing has become a focus of the insurance industry, and David Ross, CEO of The Ardonagh Group, believes brokers have a role to play in changing attitudes in the workplace.
Insurers urged to not sweep internal staff fraud under the carpet, by LV investigations boss
Exclusive: 'Out-of-salary behaviour' and irregular work patterns have been identified as tell-tale factors for insurers to look out for in their efforts to identify potential theft of confidential data.
QBE Europe took £109m Ogden hit in 2017
QBE Europe’s 2017 combined operating ratio deteriorated to 99.6% as a result of a £109m impact from the Ogden discount rate.
Hiscox to grow retail business by 15% in 2018
Exclusive: Hiscox is looking to grow its retail arm between 5% and 15% over 2018 Hiscox is looking to grow its retail arm between 5% and 15% in 2018 as the group's profits slumped by over £300m due to natural catastrophe losses .
Admiral replaces panel of private eye firms
Exclusive: Admiral has replaced its panel of private detectives it uses to investigate claims.
Analysis: Does the One Call fine signal wider issues with client money?
John Radford, 53-year-old businessman and saviour of Mansfield Town Football Club, was fined £468,600 for a “lack of competence” in his handling of client money.