United Kingdom (UK)
XL Catlin sees profits fall $1.4bn from nat cats
XL Catlin has reported a 58.7% increase in its loss in underwriting profit of across its property and casualty business during Q4 2017 compared to 58% in the same period during the previous year.
Marsh and McLennan see revenue up 6% at full year
Marsh and McLennan Companies has reported a 6% boost in full year revenue.
Driverless car data access a 'big priority' for ABI
Insurers need to have access to the accident data produced by connected cars, a conference heard.
Armour acquires Elite Insurance
Armour Group has completed its acquisition of Elite Insurance.
London market makes ‘significant step’ with new claims model
The London market has launched a claims model to simplify how claims are handled in an effort to improve client service and streamline claims agreement across the market.
Towergate Underwriting rebrands as Geo Underwriting
Towergate Underwriting has restructured and rebranded to become Geo Underwriting.
Clearer definition of autonomous driving needed: Thatcham
The government needs to clearly define what constitutes autonomous driving in order that insurers can properly determine liability, a conference heard.
Gang sentenced after £95,000 insurance scam
13 people have been sentenced for conspiracy to defraud insurance company 1st Central following an Ifed investigation.
MIB could help OEMs share accident data with insurers
The Motor Insurers’ Bureau could act as a platform for car manufacturers to share with insurers accident data generated by autonomous vehicles, a conference heard.
Investment by reinsurers into insurtech was highest in 2017
Reinsurers led the way in insurtech investment during Q4 2017, directly and through their corporate venture arms.
Axa's Williams warns motor insurers against becoming obsolete
Motor insurance is going to be "massively impacted” by the advent of autonomous vehicles, a senior Axa executive has warned.
Liiba chair calls for contract continuity post-Brexit
Contract continuity and cross-border market access will be essential post-Brexit, the London & International Insurance Brokers' Association chair said in a speech in Europe.
Andrew Bailey and Canadian Astronaut confirmed to speak at Biba conference 2018
Andrew Bailey, CEO of the Financial Conduct Authority and Canadian astronaut Chris Hadfield are among the speakers confirmed for the British Insurance Brokers' Association's 2018 conference.
Urban Jungle develops API for home and contents insurance
Urban Jungle has developed an application programming interface which will be rolled out to partnering home insurers.
FSB launches broker venture following departure from Towergate deal
The Federation of Small Businesses is launching its own broker following the termination of its affinity deal with Towergate.
Penny Black's Social World - February 2018
Comfort, community, chorus and kung fu
Analysis: Insurers likely to feel impact of sexual harassment claims
With sexual harassment cases hitting the headlines, how will the insurance industry be affected – both internally and externally?
Allianz to make up to 80 further redundancies in claims restructure
Allianz is placing a further 80 jobs at risk of redundancy amid a restructure of its claims operation.
LV prepares to overcome ‘challenges’ with re-entry to home market
LV has acknowledged it faces “challenges” in making profitable the home portfolio it acquired as a result of the Allianz personal lines merger.
400 jobs at risk following LV and Allianz merger
Up to 400 LV and Allianz employees are at risk of losing their jobs as a result of the companies’ strategic partnership.
Pre-tax profits jump 40% at Aston Scott Group
Aston Scott Group saw a 40% increase in pre-tax profit to £1.9m to the year ending 30 June 2017.
Chubb sees income drop in Q4 despite US tax reform gains
Chubb reported net income for the fourth quarter ended December 31, 2017 of $1.53bn, a drop from the $1.61bn reported for the same quarter last year.
Five insurers reveal by how much industry women are underpaid
Five insurers have revealed by how much women are underpaid in their organisations compared to men.
Cyber threat growing quicker than claims data: IUA
A rapid growth in cyber threats has posed a challenge to the industry in acquiring claims data, the International Underwriting Association has warned.