United Kingdom (UK)
Hurricanes put Zurich's P&C segment in the red
Nat cats pushed Zurich’s property & casualty segment into the red last year, as hurricanes Harvey Irma and Maria saw the insurer report a 100.9% combined operating ratio for P&C.
Beazley sees profit fall from nat cats
Beazley saw profits fall by 43% as a result of exposure to “heavy claims” from natural catastrophes.
Government urged to publish Brexit financial services paper
The government must publish its Brexit position paper on financial services in order to assuage the “chronic state of uncertainty” at present, the chair of the Treasury Committee has warned.
Blog: Personal and cyber - connecting the dots
James Tucker, smart technology manager at Allianz, explains why insurers should consider creating an all-encompassing personal cyber cover.
Sequel appoints Rob Stavrou as chief commercial officer
Sequel has appointed Rob Stavrou as chief commercial officer following the company’s acquisition by Verisk Analytics last year.
Gallagher makes senior promotion and appointment in small business & personal lines division
Gallagher has made a senior promotion and external appointment within its UK small business & personal lines division.
Interview: Charlotte Halkett and Darius Medora, Buzzvault Insurance
Charlotte Halkett, one of the founding members of Insure the Box, caused waves when she moved to launch an insurance business of a removals booking firm Buzz Move in September last year.
Lloyd’s adds three to franchise board
Lloyd’s has named three new figures to the franchise board.
Broker Network appoints Tony Monnington as commercial director
Broker Network has appointed Tony Monnington as commercial director.
Nat cats hammer Munich Re's full year results
Natural catastrophe losses saw Munich Re’s property-casualty reinsurance segment report a €476m (£422.7m) loss for 2017.
CNA Hardy's Dave Brosnan on bumps in the road as businesses go global
Boards shouldn't turn their attention away from corporate, compliance and supply chain risks, warns Dave Brosnan, CEO of CNA Hardy Europe.
Aon's Jane Kielty on providing local service to international SMEs
As SMEs in the UK face increasingly complex insurance needs, Jane Kielty, managing director, national at Aon Risk Solutions, reflects on how the industry can respond to these.
IFB enters partnership with Mohawk Security to boost investigation strategies
The Insurance Fraud Bureau has signed a contract with Mohawk Security in order to more effectively combat fraud.
Biba appoints Aon boss Julie Page as deputy chair
The British Insurance Brokers’ Association has appointed Julie Page, CEO of Aon Risk Solutions, as its deputy chair.
Direct Line bounces back from Carillion collapse
Direct Line has allocated new facilities management providers in the wake of the collapse of construction giant Carillion.
Ex-LV chair Neave appointed to Slater & Gordon board
Slater and Gordon UK has appointed David Neave as a non-executive director.
Pool Re publishes first Terrorism Frequency Report
Pool Re has published its inaugural Terrorism Frequency Report with a view of informing members on terrorist threats.
Electronic placement ‘not happening fast enough’, says Beale
The Lloyd’s market is not adopting the electronic placement of business fast enough, the market's CEO Inga Beale has said.
Ghost brokers defraud public of £631,000 over three years
Ghost brokers have defrauded the public of £631,000 over the past three years.
R&Q Malta receives A- rating
R&Q’s European subsidiary has received an A- rating from AM Best.
Barbican launches Bermuda underwriting operation
Barbican has launched an underwriting platform in Bermuda.
Analysis: Product recalls: Bringing it back
Whether it’s a tumble dryer that catches fire or baby milk that’s contaminated with salmonella, an increase in safety concerns is putting product recall insurance in the spotlight. With the frequency and severity of claims on the up, there are concerns…
This month in Post: Renewals, rates and redundancies
The year started with an executive merry-go-round but this week proved that less senior people were also liable to redundancy, as it was revealed that a total of 480 jobs are at risk as a result of the LV/Allianz deal.
Treasury delays transposition of IDD into national law
The Treasury has paused the implementation of the Insurance Distribution Directive, earning praise from insurers.