Insurer
Amex winds up its travel insurance business
Exclusive: American Express has placed its travel insurance business into run-off, as part of a wider restructure of its insurance unit.
MP launches petition to freeze IPT rise
An MP has launched a petition urging the government not to raise the Insurance Premium Tax in next week’s budget.
Ageas' Bart De Smet on selling the insurance story
Insurance suffers from a bad image whereas it offers a wide range of opportunities, writes Ageas CEO Bart De Smet, urging the industry to tell its story and conquer hearts.
Axa commits €200m a year to innovation; will reduce head office costs by 25%
Speaking at an investor day Axa group CEO Thomas Burberl is looking to innovate to accumulate.
Insurers 'shouldn't underestimate Amazon'
Insurers shouldn't underestimate Amazon in its plans to expand into insurance, a conference heard.
Guidewire 2017: 95% of investment in distribution 'will be wasted'
Investment made by insurers into new distribution models and technology could be wasted, a conference heard.
Guidewire 2017: General insurance to lead the way in digitalisation
General insurance is 'the ideal industry for digitalisation' because of the resources of incumbents, a conference heard.
Insurers divest $20bn from coal
Insurers are divesting an estimated $20bn (£15bn) in equities and bonds from coal projects, according to the Unfriend Coal campaign.
We Go Look set for 2018 UK expansion
On-demand field inspection and verification firm We Go Look is planning to firmly establish its presence in the UK market next year.
Guidewire 2017: Insurers urged to switch to live data
Insurers should look to switch from static data to live data in order to accurately track risks faced by customers.
Zurich expects commercial rates to increase
Global insurer Zurich is expecting rates to increase for commercial lines helping the firm meet its financial objectives.
Interview: Inga Beale, Chartered Insurance Institute
LIoyd’s CEO Inga Beale was elected the 121st president of the Chartered Insurance Institute at the body’s annual general meeting in July.
Analysis: NIHL: Make some noise
The fixed-cost regime proposed for noise-induced hearing loss claims is like music to insurers’ ears, although it comes way after the hubbub
Chubb establishes Asia-Pacific division to target SMEs
Global insurer Chubb has created a Singapore-based Asia-Pacific division targeted at SMEs with a focus on risk management.
Tower seeks to raise capital and focus on digital
Following a failed sale to Suncorp, New Zealand insurer Tower is looking for other ways to secure its future after a loss for full year 2017.
Nagico counts cost of hurricane season
Caribbean insurer Nagico said its gross loss from two devastating Carribean hurricanes is around $550m (£419m) but said the losses were "within" its reinsurance program.
Zoopla owner makes failed bid for Go Compare
Go Compare has rejected an offer from Zoopla owner ZPG worth roughly £460m.
Aviva buys Irish insurer for €130m
Aviva has acquired Irish insurer Friends First in a deal worth €130m (£116m).
Blog: Responsible robots?
Automated processes are feted to be the future of claims handling, but taking the process out of human hands is far from straightforward, as Ed Lewis, partner at Weightmans, explains.
Generali Asia appoints head of IT
Dipak Sahoo has left Generali's Milan office to become head of IT for Italian insurer's Asia operations.
Chubb confirms leadership changes in Australia
Global insurer Chubb has finalised a restructure of senior management in Australia.
Jin swaps London for Hong Kong at XL Catlin
Global (re)insurer XL Catlin's Shiwei Jin has relocated from London to Hong Kong.
Allianz UK faces £63m Q3 blow from losses and Ogden
Allianz UK faced a combined £63m hit in the first nine months of the year from a series of large losses and the residual impact of the Ogden rate revision.
IPO to keep Sabre on existing track, CEO says
Sabre’s plans for an initial public offering will allow the group to continue its existing broker-focused strategy, CEO Geoff Carter said.