United Kingdom (UK)
US Reinsurance outlook remains negative, says AM Best
AM Best is maintaining a negative outlook for the US property and casualty reinsurance sector due to continued pressure on property catastrophe rates.
Insurtech Dinghy secures $1.2m funding round
On demand insurer Dinghy has secured a $1.2m round of funding led by Balderton Capital, which also backed pay-as-you-go insurer Zego.
JLT appoints Lucy Clarke as broking CEO amid restructure
JLT has appointed Lucy Clarke as CEO of its worldwide broking arm, as part of a restructure of the business.
Dual names M&A head and director of corporate development
Dual, the underwriting arm of the Hyperion Group, has named Justin Ansell as head of M&A in the UK.
Munich Re covers Easyjet for flight cancellation
Munich Re and Easyjet have teamed up on a flight cancellation insurance product.
Hood names Homer non-executive chairman
Andy Homer has been appointed non-executive chairman of Hood Group.
Aon appoints Edward Smerdon as head of legal and technical
Aon has appointed Edward Smerdon as head of legal and technical within the financial and professional services division of its Global Broking Centre.
Anna McEntee to head up BGL's Frontline business
BGL Group has appointed Anna McEntee to lead its Frontline business, marking the conclusion of the consolidation of senior leadership team in the company’s Insurance Distribution and Outsourcing division.
Millions of travellers being encouraged to fake illness, says ABTA
Almost 10 million Britons have been approached about making a compensation claim for being sick while on holiday, according to the Association of British Travel Agents.
LV makes two senior hires ahead of Allianz partnership
LV has appointed Richard Hoad as director of new markets and Cheryl Binnis as group strategy and insight director.
Industry welcomes incoming Justice Secretary David Gauke
Both insurers and personal injury lawyers have welcomed the appointment of David Gauke as Justice Secretary.
Thomas Miller appoints former Zurich UK boss as COO
Thomas Miller has appointed Ann Haugh as chief operating officer, with immediate effect.
Simon Price to lead M&A at XL Catlin
XL Catlin has appointed Simon Price as head of mergers and acquisitions, EMEA.
Fresh capital to make reinsurance rate rise short-lived
New capital entering the reinsurance sector will wash away any relief gained from rate rises at January renewals, Aon Benfield has said.
Axis to consolidate Lloyd’s business into Syndicate 1686
Axis Capital has initiated plans to consolidate its Lloyd’s business into Axis Syndicate 1686.
Fidelis promotes Richard Coulson to CUO
Fidelis Insurance has promoted Richard Coulson to the position of chief underwriting officer of Fidelis Underwriting.
Gary Hoffman to take Hastings chairman role, van der Meer promoted to CEO
Mike Fairey is to retire as chairman of Hastings Group, with CEO Gary Hoffman set to take over the role.
Allianz's Simon McGinn on treating customers, and their data, fairly
This year will see changes to how companies can use people's personal data and Simon McGinn, general manager for commercial and personal at Allianz, believes this is time to perfect the treating customers fairly mantra.
Woodgate retirement not related to £75,000 fine
The departure of Michael Woodgate from loss adjuster Woodgate and Clark was not related to a criminal case that concluded last month, the company said.
AA vows robust defence to Bob MacKenzie employment tribunal
The AA will “robustly defend” itself in an employment tribunal against its former chairman Bob MacKenzie
Woodgate and Clarke fined £50,000 for criminal use of private investigators
Loss adjuster Woodgate and Clark has been fined £50,000 for unlawfully disclosing personal data.
Biba launches trade credit scheme
The British Insurance Brokers’ Association has launched a scheme for trade credit insurance through CMR Insurance Services.
Euler Hermes cuts cover for New Look
Euler Hermes has reportedly stopped offering cover on new shipments of goods to ailing retailer New Look.
Revealed: National epidemic of 2.2bn nuisance calls
Customers were bombarded with 2.2 billion nuisance phone calls related to personal injury, PPI or other insurance matter in 2017.