Insurer
N&G to provide £30m capacity for Towergate
Navigators & General will provide capacity for up to £30m in premiums from Towergate over the next five years, under a deal signed today.
Blog: Insuring devolution
The devolution of powers from central to local government and the resulting rise of super-combined authorities raise a number of issues and challenges for local authorities. Their insurers must be innovative if they are to manage these new highly complex…
QBE creates chief underwriting role for Australia and New Zealand
QBE's group chief actuary to become chief underwriting officer for Australia and New Zealand.
QBE cancels £31.1m deal with Network Rail
A £31.1m insurance arrangement between QBE and Network Rail was not renewed in the first half of the year because of “unacceptable terms”.
Catastrophes force $31bn global payouts in H1
Insurers paid out $31bn (£23.5bn) in the first half of the year as a result of catastrophes, an increase of 51% over last year.
When should older drivers hang up their keys?
Older drivers are a growing market, whose risk is difficult to assess.
Avanti launches last-minute travel insurance
Avanti Travel Insurance has launched a product which aims to shorten the time taken to arrange travel insurance for last-minute travel.
PPO levels remain low, Aon survey reveals
The volume of Periodic Payment Orders remains low, according to a motor insurance study published by Aon Benfield.
QBE could set up post-Brexit EU entity ‘before 2018’
QBE could set up a legal entity in Europe before the end of next year if a decision over passporting rights has not yet been made.
Admiral CEO predicts 'no material difference' following Brexit despite dramatic drop in solvency ratio
Admiral CEO David Stevens today said that Brexit will make no material difference to the insurer, despite the group seeing a significant drop in its solvency ratio following the out vote.
Clydesdale Bank confirms 'appetite' to assist MGA's as Lorega lands £2.75m funding package
Lorega has secured a £2.75m funding package from Clydesdale Bank’s specialist and acquisition finance team for "additional growth".
Newman swaps XL Catlin for Sompo Canopius in Singapore
Mark Newman, former head of Asia at XL Catlin, has joined Sompo Canopius as its CEO Asia-Pacific, Middle East and North Africa.
Video: FCA study into the sale of add-ons
This infographic illustrates the main details of the FCA’s study into the sale of general insurance add-ons.
Admiral increases overseas' car customers by 20% in first half
Admiral's CEO David Stevens has hailed the strength of the business as he unveiled his first results since taking on the top job.
Blog: Riots and claims, five years after the London unrest
When the ‘Black Lives Matter' protests on 5 August brought West London traffic to a standstill and cut off the M4 corridor into Heathrow Airport, one couldn't help thinking of the simmering social tensions that led to widespread rioting five years ago.
QBE's first half profits fall 46%; Australia and New Zealand CEO exits
Australian giant QBE's 2016 first half after tax global profits declined 46% to $265m (£203m)compared with $488m in the same period last year.
Government accused of ‘watering down’ rules over sprinklers in schools
Insurers have accused the government of “watering down” rules over the installation of sprinklers in schools.
H1 catastrophe losses to exceed 2015, says Marsh
Global insured catastrophe losses have increased in the first half of 2016 to $27bn (£21bn) compared to $19bn (£15bn) in the first half of 2015, according to Marsh.
Chubb's Keen promoted in Asia-Pacific
Global insurer Chubb has promoted Jason Keen to head of property and casualty for Asia-Pacific.
Axa's David Williams on the unbearable intrusion of CMCs
With two-thirds of the population cold-called on a weekly basis, it’s time to take action
Fire claims are getting more costly for insurers
Despite a continuing reduction in the number of fires, the cost of blazes is actually increasing. What can be done to educate the public about the risks involved?
AIG sells US mortgage insurer to Arch
AIG has sold its US mortgage insurer United Guaranty to Arch Capital for $3.4bn (£2.6bn) subject to regulatory approval.
Bermudian insurance giant behind largest UK insurtech start-up investment
Insurtech start-up Buzzmove has closed a £6m super-seed round led by Bermuda-based White Mountains Insurance Group.
Blog: Action Fraud helpline not enough against cyber crime
The police alone cannot tackle cyber crime and the revamped fraud reporting centre may prove less helpful than hoped