Insurer
Insurers welcome government's self-driving lorry trials
The government has greenlighted a project which will see self-driving lorry “platooning” trials on UK roads by the end of next year.
Axis increases Novae takeover offer to 715p per share
Axis has improved its cash offer to acquire Novae to 715 pence per share valuing the Lloyd’s listed insurer at approximately £477.6m.
Aviva sells stake in Italian insurance business
Aviva has sold its stake in its Italian joint venture Avipop Assicurazioni SpA.
MSIG to buy First Capital for £1.25bn
Japanese carrier Mitsui Sumitomo Insurance, part of MS&AD, has acquired Singapore general insurer First Capital for $1.6bn (£1.25bn) from Fairfax Financial.
Motor premiums to rise while government delays Ogden consultation feedback
The Ministry of Justice’s decision to delay the Ogden consultation feedback may push motor premiums up.
Price and level of cover most important factors when shopping for a new policy, customers say
Price and level of cover are the primary concerns for customers when shopping for insurance, according to research from QuickPages
Vnuk ruling could lead to next hunting ground for CMCs, ABI warns
The Association of British Insurers has warned that the Vnuk ruling could lead to the next ‘lucrative hunting ground’ for claims management companies due to the vagueness of implications.
Majority of risk managers unprepared for major claim
Under half of risk managers are prepared for a major claim, a survey has revealed.
IPT spurs fastest rise in home premiums in three years
Changes to insurance premium tax have spurred the fastest rise in home premiums in three years.
Umbria Italy quake loss up 64% to €108m
Estimated insurance industry losses from the earthquake that struck Italy in August last year has been increased by 64% to €108m (£99.4m), according to Perils.
MIB urges European Commission to take action against consequences of Vnuk ruling
The Motor Insurers’ Bureau has urged the European Commission to take action against the unmitigated consequences of the Vnuk ruling.
Analysis: Insurers want PI to be left out of the European services e-card
The European Commission wants to create a professional indemnity certificate for cross-border activities but insurers and brokers find the proposal unworkable.
Aviva Ventures invests in US connected homes start-up
Aviva Ventures marks its first investment in the US market by leading a $10.4m series B investment into telematics company Roost.
German non-life premiums to continue to rise
German general insurers will continue increasing premiums to offset declining yields in their investment portfolios.
Aviva names Nick Major as global corporate and specialty CUO
Aviva has named former Zurich chief underwriting officer Nick Major as CUO for the its global corporate and specialty division.
Allianz Worldwide Care launches AI symptom checker to drive paperless claims process
Allianz Worldwide Care has implemented an Artificial Intelligence-driven symptom checker service into its My Health app to provide customers with a paperless claims process and medical advice.
Perils pegs Storm Thomas loss estimated at €249m
Perils has pegged insurance and reinsurance industry losses for Storm Thomas at €249m (£229m).
Suncorp's Vero to appeal Tower takeover block
Australian giant Suncorp is appealing a New Zealand Commerce Commission decision to block its takeover bid of rival Tower by its subsidiary Vero.
Blog: If Hurricane Andrew II hit Miami today
If a hurricane the strength of Andrew tracked through Miami today, losses would likely exceed $200bn ($155bn), almost twice what the insurance industry is prepared for, warns Karen Clark, co-founder of Karen Clark & Company.
Analysis: Aviation insurers prove adaptable
Insurers are adapting to aviation's latest trends, despite low premiums.
Ecclesiastical reports hike in pre-tax profit to £42.2m in H1
Ecclesiastical has reported an increase in pre-tax profit to £42.2m during the first half of this year compared to £15.2m last year.
Updated: Zurich looks to cut headcount in HQ reshuffle
Zurich Insurance could cut the headcount in its Swiss corporate centre as part of a process to streamline the finance department.
Emerging technology, operational risk and talent usurp cyber as biggest concern among insurer CEOs
Cyber has dropped from the biggest concern among insurance bosses to seventh, according to the latest CEO Outlook from consultancy KPMG.
Vienna Insurance Group reports pre-tax profit of €220.5m in H1
Vienna Insurance Group has reported a 9.6% rise in its pre-tax profit to €220.5m (£202.0m) during the first half of 2017 compared to €201.3 (£184.42m) in the same period last year.