United Kingdom (UK)
Lloyd's suspends H1 profit release to take stock of Harvey and Irma impact
Lloyd's has suspended the release of first-half profits until it can accurately assess the financial impact of Harvey and Irma, the market's chief financial officer has said.
FCA paid £4.9m in production costs on Schwarzenegger PPI advert
Exclusive: The Financial Conduct Authority spent £4.9m in production costs on a TV advert featuring the robotic head of Arnold Schwarzenegger.
This Week in Post: Deal or no deal?
“You can watch Go Jetters if you let me tie your hair” is the type of deal you sometimes need to strike with your toddler if you want to get things done. Of course, you shouldn’t negotiate with mini-terrorists but there is nothing wrong with a win-win…
Underwriting Service Awards 2017: Shortlist revealed
The shortlist for this year’s prestigious Underwriting Service Awards has been announced.
Aviva sells stake in Italian JV for £233m
Aviva has sold its £233m stake in its Italian business Avipop Assicurazioni.
Claims Club Blog: Cooperation can overcome conflict
There has been a long history of conflict between insurers and claimant lawyers. Shirley Woolham, chief operating officer at Minster Law, urges mutual understanding and cooperation.
Blog: ILWs for cyber
Industry loss warranties could play a bigger role in cyber as it becomes a long-tail risk, explains Tom Johansmeyer, assistant vice-president at Verisk Insurance Solutions
Digital and Insurtech Awards 2017: Shortlist revealed
The shortlist has been announced for the Digital and Insurtech Awards 2017.
Pen Underwriting signs £150m capacity deal with Zurich
Exclusive: Pen Underwriting has signed a £150m long-term capacity deal with Zurich in the area of hazardous and tanker transportation.
More cost cutting for Lloyd’s, says CFO
Lloyd’s of London will remain focused on cutting costs, as the market continues to face pressure from mounting operating costs.
Digital Fineprint launches second funding round
Exclusive: Insurtech firm Digital Fineprint is negotiating a second funding round, as it gears up to release results for its first year of operation.
Marsh brings three networks together under single leadership
Marsh has brought the three networks it owns under a single leadership.
McVitie’s factory ‘resilient’ should future storms hit: RSA
RSA has worked with McVitie’s to install flood defences in its Carlisle factory following the devastation caused by Storm Desmond, to protect against any future flooding in the area.
Applied Net 2017: Applied System's Tam platform to run until migration to Epic is complete
Applied System’s Tam broker platform will run alongside its new release Epic until its customer base has fully migrated.
Applied Net 2017: Applied Systems 'not averse' to UK acquisitions
Applied Systems is "not averse" to potential acquisitions as it rolls out its Epic platform in the UK.
Lloyd’s sees 16% profit slip from ‘challenging’ conditions
Lloyd’s has seen a 16% fall in its pre-tax profits owing to “challenging” market conditions, its CEO said.
Analysis: Connected risks require joined-up thinking
Faced with events that cascade from one risk class to others, insurers need to review their underwriting strategies.
Analysis: Broker claims research
Earlier this year, brokers were invited to score insurers on their claims handling, grading different classes of business on their performance from excellent to poor. Jonathan Swift examines the results
Chubb appoints Louisa Lombardo as head of diversity and inclusion of Europe, Eurasia and Africa
Chubb has appointed Louisa Lombardo as head of diversity and inclusion of Europe, Eurasia and Africa.
Charles Taylor win delegated authority contract from LMG
Charles Taylor InsureTech has been named as the London Market Groups preferred vendor for its delegated authority data project.
Intangible risk cover is the future says Pool Re CEO
The future of insurance cover lies in intangible risks, a conference of claims professionals has heard.
Dive In 2017: Overall company culture needs to be changed to generate diversity at senior level
Businesses need to change their entire culture before achieving diverse executive boards, insurers have said.
Dive in 2017: Diversity and inclusion must be authentic
Small firms needn't fear their lack of resources will make being diverse a challenge but must be authentic, a London market audience has been told.
Dive In 2017: Industry must do more to keep older talent
The insurance industry should be doing more to keep older talent in the workplace, a conference of industry professionals has heard.