Insurer
AIG plans to name Brian Duperreault as CEO: WSJ
AIG will reportedly name Brian Duperreault as CEO, with a formal with an announcement expected imminently.
Allianz UK reserves and profit take discount rate hit in Q1
Changes to the Ogden discount rate had a £58.3m impact on Allianz’s existing reserves and resulted in a £10m slump in profits during the first three months to March.
Allianz's global P&C profits fall 12.7% in Q1
Munich-headquartered insurer Allianz saw global property and casualty pre-tax profits decline 12.7% to €1.26bn (£1.01bn) in the first quarter of 2017.
Blog: Automated claims aren't outlandish
Digital advances will allow insurers to automate smaller claims, predicts Graham Gibson, chief claims officer at Allianz, warning that technological agility and customer focus will be key to survival.
Cameron: Cyber crime solution needs insurance industry input
The insurance industry and the UK government need to work together on cyber crime and travel risks, former Prime Minister David Cameron said in his keynote address to the British Insurance Brokers’ Association conference.
Axa to use Dragon’s Den labs to grow schemes book to £250m
Axa plans to grow its schemes business to £250m in premium as a result of a Dragon’s Den-style innovation lab.
#BibaFever: B-B-Q: Who would the insurance industry invite to the perfect summer BBQ and what would they serve them?
As the embers start to go out at another British Insurance Brokers’ Association Conference, the #BibaFever team sought the answer to the biggest BBQ question of them all.
#BibaFever: B-B-Q: Can brokers afford to ignore insurtech to remain relevant in the connected digital world?
As British Insurance Brokers’ Association Conference attendees wake up to a new day, the #BibaFever team went in search of finding out the big issues for the market.
Lemonade expands to California with backing from Ashton Kutcher
Insurtech poster child Lemonade has expanded into California, its third state, winning plaudits from celebrity backer Ashton Kutcher along the way.
Zurich falls to Q1 £105m GI loss in UK after Ogden hit
Global insurer Zurich posted a UK pre-tax loss for general insurance of £105m, which now includes global corporate, in the first quarter of 2017 compared with a profit of £49.6m in Q1 2016.
Zurich’s Guy Miller on why recovery is an opportunity for reform
A synchronised global recovery is an opportunity for reform, not for complacency, argues Guy Miller, chief market strategist and head of macroeconomics, Zurich.
Novae warns on full year COR and exits four lines
Lloyd's specialist insurer Novae is reshaping its business as it expects a full year combined operating ratio above 100% for the full year.
Biba 2017: GDPR will not have drastic effect on cyber insurance
The General Data Protection Regulations will not have as big an effect on cyber policies and the regulator may not enforce it as strictly as expected.
#BibaFever: B-B-Q: The UK insurance industry outlines how the UK can remain competitive post-Brexit
As the British Insurance Brokers’ Association Conference continued in Manchester today the Insurance Post and Insurance Age #BibaFever team went out to grill delegates about the topics that have been getting the tongs (sic) wagging.
Ageas UK swings to operating loss in Q1 following Ogden impact
Ageas UK posted an operating loss in the first quarter of 2017 compared with a £21.3m profit in Q1 2016.
Q&A: Rob Flynn, More Than
More Than relaunched last week with a new advertising campaign featuring fictional Scandinavian founder Mordenn Surenns. Real-life boss of More Than Rob Flynn talks about the developments behind the scenes at the direct insurer.
Broker: Feeling exposed?
Many brokers’ professional indemnity policies contain exclusion clauses that limit their cover, leaving them and their customers exposed
Greenberg loses AIG court battle
Maurice 'Hank' Greenberg and Starr International have lost the right to pursue claims over the 2008 US government bailout of global giant AIG.
Markerstudy to launch commercial MGA Guild Business Insurance
Markerstudy is set to launch a managing general agent, Guild Business Insurance, for rated commercial products.
Majority of brokers concerned about Ogden rate decision
More than 70% of brokers are concerned over the Ogden discount rate and the effect it could have on the number of people buying their policies, according to Covea’s latest broker survey.
Legal & General appoints Carol Hughes as head of regional broker
Legal & General has appointed Carol Hughes as head of regional broker within its GI division.
Towergate posts profit and revenue growth in first quarter
Towergate has delivered the third consecutive quarter of year-on-year growth as profit and revenue continue to climb in the first three months of 2017.
Trade voice: MGAA on empowering Millennials
Over the past few months, the board of the Managing General Agents' Association has set a new five-year strategy, Peter Staddon, its managing director, questions what the world will look like then.
Markel marine underwriter swaps Sweden for Singapore
Markel International Singapore has recruited a marine underwriter from the specialty insurer's office in Stockholm, Sweden.