United Kingdom (UK)
Analysis: D&O and the rise in securities class actions
Securities class actions are on the increase as law firms target smaller companies and focus on litigation related to initial public offerings
Insurers may be forced to re-write cyber policies in preparation for GDPR
Insurers offering cyber policies may see themselves having to adjust the wording of their cyber policies as the General Data Protection Regulation comes into effect.
Prejudice against insurance driving protection gap, says Swiss Re CEO
A lack of understanding of insurance and prejudice against the sector is hampering progress in closing the protection gap said, Swiss Re’s CEO.
Lawyers urge Lords to ban 'tasteless and intrusive' cold calling
Lawyers have urged the House of Lords to ban the “scourge” of cold calls by personal injury CMCs.
Hurricane season highlights need to maintain adequate catastrophe loading, says Lloyd’s
The active hurricane season is a timely reminder for underwriters to maintain discipline and adequate catastrophe loading on rates, Lloyd’s Jon Hancock has said.
Harvey and Irma are not market turners, says Hancock
The financial fallout from hurricanes Harvey and Irma will not be enough to turn the market, according to Lloyd’s performance director Jon Hancock.
AA holds talks over insurance business sale to Hastings
The AA and Hastings have held talks over a potential general insurance partnership.
Ageas' Andy Watson's wish list for returning MPs
As goverment returns to business, Andy Watson, CEO of Ageas UK, reminds MPs that there are still three major areas of policy affecting insurance that need to be properly addressed before insurers can begin to control and then reduce customer premiums.
Chubb chooses Paris as post-Brexit base
Chubb today revealed that the company intends to locate its European Union headquarters in France if the United Kingdom leaves the EU as expected in 2019.
CFC Underwriting introduces dark web monitoring tool
CFC Underwriting has launched a dark web monitoring tool for its cyber insurance policyholders.
Principal Insurance recruits ex-Autonet boss
Principal Insurance has recruited Penny Wardale to the newly created boardroom position of HR, training and compliance director.
Lloyd’s sets sights on underinsured markets: Vandendael
Underinsured markets represent a major opportunity for Lloyd’s, the markets chief commercial officer has said.
Lloyd’s executive slams 'unsustainable' low interest rates
Lloyd’s of London chief commercial officer, Vincent Vandendael has slammed low interest rates as "unsustainable".
Ex-RSA employee sentenced after submitting £270,000 in fraudulent claims
An ex-RSA employee has been sentenced after pleading guilty to a number of fraud offences totalling to £270,000.
Am Trust applies to combine three syndicates
Am Trust has applied to Lloyd’s for approval to combine its three fully aligned non-life syndicates under one management.
UK General appoints Vicky Hodgson as COO
UK General has appointed Vicky Hodgson as chief operating officer.
Confused announces Louise O'Shea as CEO following Coriat's departure
Confused has hired Louise O’Shea as its new CEO, taking over from Martin Coriat following his departure from the company in July this year.
Insurers must rethink risk management: Aon
The insurance sector needs to rethink its approach to risk management in order to drive innovation and take advantage of technological change, said Aon's global CEO of analytics.
Home and motor insurers face £100m bill from GDPR
Home and motor insurers are facing an estimated bill of £100m due to not being able to contact historic customers after the General Data Protection Regulation comes into effect next year.
Three motor service providers acquired under new holding group AGL
Three brands in the vehicle repair, claims and technology sectors have been acquired under holding group AGL, which launched today.
Blog: How insurers can use data analytics to differentiate their products
Insurers shouldn't use data analytics just to drive efficiencies but also to innovate in terms of risk management, writes Paul Dix, insurance strategy consultant at CGI UK.
Covéa's Lisa Meigh on why the apprenticeship levy is not just another tax
Many companies have written off the apprenticeship levy that came into force in April as another tax but Lisa Meigh, director of HR and Learning at Covéa Insurance, sees a pot to further future generations of insurance workers.
Sciemus to rebrand after securing investing partnership
Specialty Lloyd’s managing general agent Sciemus is set to rebrand after securing an investing partnership with HSCM Bermuda.
Beale calls for ‘urgent’ flood insurance reform
Hurricane Harvey and Irma both highlight the problem of inadequate flood insurance and need for reform in the United States, Inga Beale has said.