United Kingdom (UK)
Ex-Jelf boss Worrell replaces Deakin at Towergate-owner Ardonagh
Rob Worrell will replace Janice Deakin as CEO of insurance broking at Towergate-owner Ardonagh.
Amazon on a recruitment drive as it takes aim at UK insurance market
Internet-sales giant Amazon is currently recruiting insurance professionals in a bid to disrupt the insurance market in countries throughout Europe.
Generali Q3 profits tumble 9.9% on Dutch sale loss
Generali posted a 9.9% drop in nine-month profits due to a loss on the sale of its Dutch business
Zurich sees P&C decline in EMEA
Zurich’s non-life premiums fell by 7% in EMEA over the past year.
PRA outlines supervisory framework for ILS
The Prudential Regulation Authority has published final rules setting out how it will authorise and supervise insurance special purpose vehicles, which will be used to issue insurance linked securities in the UK.
Munich Re posts €1.4bn Q3 loss as nat cats weigh on results
Munich Re has posted a €1.4bn (£1.2bn) loss for the third quarter as the impact of natural catastrophes in the US and Caribbean take their toll on results.
Blog: Digitise your underwriting, not just your quotes
Insurers have been digitising their application process but not so much their underwriting operations, writes Selim Cavanagh, insurance vice-president at Lexis Nexis Risk Solutions, warning they might be missing on some efficiency gains.
Analysis: Cargo theft on the rise
International cargo theft has a huge impact on the frequency and severity of insurance claims and the problem is increasing.
Bollington Wilson Group set for acquisitions in 2018
Bollington are set to make several acquisitions in the next 18 months following the group’s merger with Wilsons.
Ageas UK sees profit again hammered by Ogden
Ageas UK saw its pre-tax profit fall by 56% as it said it still had €5m (£3.8m) to pay in relation to the Ogden rate change.
FCA launches wholesale broker sector market study
The Financial Conduct Authority has launched a market study “to assess how competition is working” in the wholesale insurance broker sector.
Esure reports strong growth despite drop in home policies
Esure has seen a 25.4% increase in gross written premiums over the past year, rising to £625.8m from £499m in Q3 2016.
ABI releases video urging no further IPT rises
The Association of British Insurers has launched a video urging the Chancellor not to increase Insurance Premium Tax in the November budget.
Q&A: Mike Brown and Alistair Kinley, BLM
The insurance industry is currently battling with a multitude of uncertainties: Brexit, Ogden, and the impact of technology. Mike Brown, senior partner, and Alistair Kinley, director of policy and government affairs, BLM, spoke to Post about how those…
Analysis: Energy risks: negative energy?
The insurance industry is worried about the energy sector. This already complicated and fragmented industry is getting more complex, especially with pressure from governments to increase production from renewable sources, just as the risks it faces are…
Industry working group to tackle fraud with behavioural science
An insurance industry working group will begin to explore how behavioural science can be used to tackle insurance fraud.
ABI calls on EIOPA to address 'flawed' risk margin
The Association of British Insurers has called on the European Insurance and Occupational Pensions Authority to address the "flawed" Solvency II risk margin.
JLT outlook remains confident as headwinds fail to hamper results
Insurance and reinsurance provider JLT does not expect the recent wave of natural disasters to affect its full year out-turn and believes it will deliver organic revenue growth for 2017.
Smart home insurer launches nationwide to provide quotes in under 60 seconds
Smart home insurance provider, Neos, has launched nationwide and will allow customers to manage their policies via an app.
Underwriter sentenced for scamming insurers
A former underwriter has been sentenced to 15 months in prison suspended for two years after pleading guilty to numerous false insurance claims.
Direct Line reports growth in its own-brand policies
Direct Line Group has reported growth among its direct own brand policies over the last year and claims to be on target to hit its desired combined operating ratio for 2017.
Higos marks third acquisition with Mellerups
Higos has acquired shooting and field sports specialists, Mellerup’s General Insurances, for an undisclosed sum.
Hiscox reports hardening in market due to catastrophes
Hiscox's London market business will increase its capacity by £450 million to £1.6 billion in anticipation of a market turn due to major catastrophe losses.
MGAA'S Peter Staddon on giving young entrepreneurs a hand up 'the greasy pole'
The insurance industry can sometimes be slow to embrace change but Peter Staddon, managing director at the Managing General Agents’ Association, says it's time to help young professionals on their journey.