Articles by Ryan Hewlett
Insurance firms listed in FCA sandbox
The Financial Conduct Authority has announced 18 firms will join its third regulatory sandbox cohort, including three working in the insurance sector.
Former Lloyd’s management director Tom Bolt joins AIG
AIG has named former Lloyd’s performance management director Tom Bolt as chief underwriting officer, general insurance.
Hiscox Re names underwriting director
Hiscox has named Megan McConnell as director of underwriting for Hiscox Re in London.
Hiscox launches virtual cyber unit, names management team
Hiscox has brought together its cyber expertise to form a ‘virtual business unit’.
Zurich restructures broker distribution
Zurich has named Graham Boffey as head of UK distribution in a string of management changes within broker distribution at Swiss insurer.
London market issue guide on GDPR
Trade bodies from across the London market have published guidance to help members navigate the impending implementation of the General Data Protection Regulation.
Just one in 10 UK small businesses have cyber cover
Just one in ten UK small businesses have cyber insurance, according to a survey.
Danish insurer Tryg to buy Alka for £1bn
Denmark’s largest insurance company Tryg is to buy competitor Alka Forsikring for 8.2bn DKr (£1bn).
Compre CEO to step down
Compre’s Nick Steer will step down as CEO of the business, effective from March 2018.
Government must solve passporting rights, says FCA CEO
The government must solve the problem of passporting rights to secure the future of the insurance sector after Brexit, the Financial Conduct Authority’s CEO has warned.
Coverys gains Lloyd’s nod on med-mal Syndicate 1975
Boston-based medical malpractice insurer Coverys has received in principle approval from Lloyd’s to launch Syndicate 1975.
Insurers call for tougher rules as government launches home building plan
Insurers have called for tough new building regulations as the government plans to create thousands of new homes a year.
Industry welcomes ILS legislation approval
The insurance sector has welcomed the decision taken yesterday by the Delegated Legislation Committee in Parliament to allow proposed insurance-linked securities regulations to pass.
Roundtable: Modernising the London market
For years, Lloyd’s of London has been grappling with the challenges of modernisation. As businesses within the London market come under increasing competition and margins are challenged, both Lloyd’s and the wider market are focusing greater energies on…
Lloyd’s pays $1.7bn for Harvey, Irma and Maria
The Lloyd’s market has paid claims worth $1.7bn in response to windstorms Harvey, Irma and Maria.
LMG outlines post-Brexit free trade agreement
The London Market Group has outlined a free trade agreement for the insurance sector to help the industry navigate trade issues during Brexit negotiations.
Pricing boost not enough to relieve market pressures, says Fitch
Improved pricing for London Market insurers in 2018 may not be enough to relieve the pressure on underwriting results from high expenses and lower reserve releases, according to Fitch Ratings.
Q3 nat cats accelerated plans for Ascot Re, says Brooks
Recent natural catastrophe activity across the Atlantic has sped up Ascot’s expansion plans, the group's CEO told Post.
Ophelia to cost industry €60m, says Perils
Catastrophe loss analysts Perils has pegged the market loss for Ex-Hurricane Ophelia which battered the coast of Ireland, at €60m.
Brit launches third-party capital backed specialty reinsurer
Specialty insurer Brit has launched a specialty reinsurance platform, Scion Underwriting Managers, which will take advantage of both Brits own balance sheet, other markets and third-party capital providers.
Ascot launches Bermuda-based reinsurer
Global property & casualty underwriter Ascot has launched a reinsurance business in Bermuda.
Aviva announces equal parental leave for staff
Aviva has announced a group-wide policy to offer men and women equal parental leave.
Neon looks to MS Amlin and names Heppell as CFO
Lloyd’s carrier Neon has names Richard Heppell as chief financial officer for the group.
Pricing pressure and aggregators will hurt company market in 2018, says Fitch
Intense competition and increasing use of price comparison websites will continue to pressure insurers’ earnings in motor and household insurance, Fitch has warned.