Insurer
Direct Line reports growth in its own-brand policies
Direct Line Group has reported growth among its direct own brand policies over the last year and claims to be on target to hit its desired combined operating ratio for 2017.
Higos marks third acquisition with Mellerups
Higos has acquired shooting and field sports specialists, Mellerup’s General Insurances, for an undisclosed sum.
Hiscox reports hardening in market due to catastrophes
Hiscox's London market business will increase its capacity by £450 million to £1.6 billion in anticipation of a market turn due to major catastrophe losses.
Spaven takes on South East Asia financial lines role at AIG
US-headquartered global insurer AIG has given Scott Spaven, head of client and broker engagement for Singapore and South East Asia, additional responsibilities.
FCA to launch wholesale insurance market study this week
The Financial Conduct Authority is preparing to launch a market study into wholesale insurance this week.
Thatcham sets out driverless cars assessment criteria
Thatcham Research has set out a list of criteria to assess cars marked as “autonomous” or “driverless”.
Failure to innovate now within top five risks facing EMEA financial institutions
Failure to innovate and embrace new technologies is within the top five risks facing financial institutions, with 24% saying they had suffered a financial loss in the last 12 months due to this factor.
Zurich makes senior property and energy appointments in Singapore
Zuich Singapore has made two senior appointments for its Asia-Pacific property and energy divisions.
Berkshire Hathaway hit for $3bn from Q3 natcats
Berkshire Hathaway's reinsurance and insurance division is in the red for underwriting in 2017 after a string of major natural disasters.
Chubb and Lockton in the firing line over ‘murder insurance’
Chubb and Lockton have been targeted by anti-gun campaigners for providing what is described as “murder insurance” to gun owners.
This month in Post: How long before the first woman in insurance says #MeToo?
It is an ugly truth that almost every woman who has worked in insurance for some time has a story about sexual discrimination.
Lack of AR oversight putting customers at risk, FCA warns
Insurance companies may be putting customers at risk by not undertaking sufficient due diligence on their appointed representatives.
Brit and Allied World slammed by Q3 natcats
Fairfax-owned insurers Brit and Allied World posted poor combined operating ratios for the third quarter of 2017.
AIG posts huge third quarter loss
Global insurer AIG has had a punishing third quarter after needing to boost reserves for 2016 losses and dealing with the recent hurricanes in the US and Caribbean.
CII publishes its gender pay gap information ahead of deadline
The Chartered Insurance Institute has disclosed its gender pay gap information ahead of the April 2018 deadline.
Insurers must harmonise claims and underwriting to tackle fraud
Insurers must de-silo their underwriting and claims departments if they are to effectively tackle fraud, an audience heard.
Insurers have 'responsibility to stakeholders' to employ fraud tackling tech
Insurers have a responsibility to their stakeholders to employ technology in the fight against fraud, an audience heard.
Irish regulator seeks Brexit contingency plans from insurers
Ireland’s insurance regulator has raised concerns over contingency planning of the sector in the run-up to Brexit.
Motor fraudsters moving over to holiday illness claims, IFB confirms
Fraudsters operating in the motor space are moving across to fraudulent gastric illness claims abroad, an audience heard.
Lancashire hit with $136.4m Q3 loss
Lancashire Holdings reported a $136.4m (£102.8m) pre-tax hit in the third quarter of the year, owing to “extraordinary” natural disaster losses.
Swiss Re Corporate Solutions falls to $762m loss
Global reinsurer Swiss Re's insurance arm Swiss Re Corporate Solutions has been hit hard by natural catastrophes this year.
RSA's Q3 impacted by £50m of hurricane losses
UK-headquartered global insurer RSA's underwriting result was hit in the third quarter by the recent US and Caribbean hurricanes.
Analysis: Pandemic bonds
Pandemics bonds have launched, with the help of the insurance market, to channel surge funding to developing countries dealing with a disease outbreak.
Will the last of the Lloyd’s listed carriers be snapped up in the coming years?
The number of independent Lloyd’s listed carriers is dwindling. What will happen if the last players are swept up?