Insurer
Compre buys W&W's Ridgwell Fox legacy business
Compre is to acquire Wüstenrot & Württembergische's share of the Ridgwell Fox pool legacy reinsurance business.
Aon group president Steve McGill to leave
Aon group president Steve McGill is to leave the firm.
UK boss Alan Moore hails Generali as a 'viable alternative' to corporate insurance establishment
Generali is "a sleeping giant" in terms of corporate multinational business and could position itself as a real competitor to the likes of AIG, Allianz and Zurich, says its UK head.
Ed appoints Corke as CEO of underwriting
Newly rebranded Ed has appointed Gary Corke as CEO of underwriting.
FCA: Consumers overpaying £108m a year in ‘poor value’ add-ons
The Financial Conduct Authority said customers may be overpaying £108m every year in insurance add-ons, with sometimes less than 10% of retail premiums for add-ons paid out in claims.
Motor fraud: Reaching critical mass
Although the adoption of My Licence has been slow to date, the Motor Insurers’ Bureau has predicted an increase in uptake to 50% this year. Will 2017 see the service reach critical mass?
CIRC clamps down on insurers' equity investments
The China Insurance Regulatory Commission has imposed stricter guidelines for China's investments in non-insurance companies.
Chubb promotes Dmitriev
Nikolay Dmitriev, Chubb's regional managing director for Russia, CIS and Turkey, has been promoted.
DWF secures 215 jobs through Triton purchase
Manchester-based Legal firm DWF has acquired Triton from its administrators, saving 215 jobs from the multi-disciplinary practice.
Zurich loses court case due to 'ambiguous' policy wording
Zurich has lost a court case against Maccaferri Limited on the grounds that its notification clause wording was too ‘ambiguous’.
UK Vehicle rebrands to Cazana and appoints advisory panel
UK Vehicle has fully rebranded into Cazana, a database platform used by insurers, underwriters and loss adjusters to detect fraud at early stages.
Triggering Article 50 will require an Act of Parliament
The Supreme Court has ruled by eight to three that the government cannot trigger Article 50 without an Act of Parliament.
Legal Update: D&O liability, data protection and the avoiding of bogles
Scots worldwide are preparing to celebrate the works of poet Robert Burns. Two lines from his famous poem Tam o'Shanter will be spoken at many events: "Gathering her brows like gathering storm, nursing her wrath to keep it warm".
Accidental damage cited as bigger threat than whiplash to motor premiums
The average car insurance premium rose by £35 over the course of just three months last year, with accidental damage blamed as a major factor.
Blockchain could 'reshape' London market, report finds
Blockchain technology is a viable option for the London market, a report has found.
Competition is the key challenge facing insurers
Increased industry competition is the biggest challenge to business for general insurers, according to a survey.
AIG strikes $34bn legacy deal with Berkshire Hathaway's NICO
AIG has agreed a $34bn (£27bn) legacy deal with National Indemnity Company, a subsidiary of Berkshire Hathaway.
Eight out of 10 PI jobs at risk from whiplash reforms
More than 35,000 jobs may be at risk if the government’s whiplash proposals go through, a macroeconomics consultancy has claimed.
QBE's Richard Pryce on why insurers must innovate for customers and staff
The insurance industry has always been closely connected to the broader economy, but our fortunes are now even more closely tied to macro-economic developments.
Leonardi appointed head of Generali Asia
Former senior Axa employee Roberto Leonardi has been appointed regional officer for Generali Asia’s insurance operations.
Tokio Marine launches self-learning Facebook chatbot for advisors
Tokio Marine Life Insurance Singapore is linking up with its IFAs and agents via an automated chatbot available on Facebook messenger.
Thailand opens up insurers to 100% foreign acquisitions
Foreign insurers can now buy up to 100% of Thai insurers' shares following a decision from the Thailand Finance Minister.
Venture Insurance purchases Poole Martin
Venture Insurance has purchased Poole Martin which will see the company placing premiums of £13m per year.
Crime stats reveal 13% reduction in insurance fraud
There has been a 13% reduction in the amount of insurance fraud reported by the industry, according to government statistics.