Travelers
This week in Post: Ardonagh in the clear
A long-awaited judgment in the legal wrangle between Ardonagh and Gallagher came today, clearing Ardonagh of wrongdoing.
Travelers slides to underwriting loss for Q3 amid ‘challenging’ tort environment
Travelers saw an underwriting loss of $149m in Q3 this year, as its results were hit by a “challenging” tort environment, weather and “unfavourable” reserve development in business insurance.
Q&A: Benjamin Hindson, vice-president for communications, media and technology, Marsh and chair of Next Generation Insurance Network
As part of the Inclusion at Lloyd's programme six partner networks have been set up to help bolster diversity and inclusion in insurance. Post spoke to a representative from each one to get an insight into what they doing, today focusing on the Next…
Zurich and Travelers discussed digital hype and legacy benefits during Post webinar
Given the hype around digital you might be excused for thinking that you need to re-platform everything, rip out what you currently have - and start again - to remain relevant in the modern insurance market.
Broker to launch largest UK four-day week trial
Simply Business will trial a four-day working week for employees at its Northampton call centre from September.
California wildfire losses expected to hit record levels
The losses from the continuing 8 November California wildfires are expected to reach record levels, according to ratings agencies.
Analysis: Renovation fires - Learning from history
When extensive renovations are carried out on properties fire poses a risk. Rachel Gordon investigates what insurers are doing to mitigate this happening.
Travelers partners with Amazon on smart homes
Travelers will offer smart home kits, insurance and risk management services through Amazon.
Risk management: Analysis: Councils: Local challenges
Local government insurance has to deal with emerging risks. How is it adapting as competition increases?
Direct cyber market grew 32% last year
US property and casualty insurers wrote $1.8bn (£1.34bn) of direct cyber premium last year, a growth of 32% from the previous year.
Post Power List 2018: Bubbling under - Alan Schnitzer
CEO, Travelers
Travelers Europe appoints Nick Rnjak to lead Lloyd's platform
Travelers Europe has appointed Nick Rnjak to lead its Lloyd’s platform, Travelers Syndicate Management Limited.
Vibe launches MGA Plus Risk
A Lloyd’s managing general agent, Plus Risk, has been established by Vibe.
Simply Business poised for further international expansion
Simply Business is poised for further international expansion seven months on from its acquisition by Travelers.
Analysis: Councils: Local challenges
Local government insurance has to deal with emerging risks. How is it adapting as competition increases?
Steve Eccles named CUO at Argo
Specialty underwriter Argo Group has named Steve Eccles as chief underwriting officer for its international business, subject to regulatory approval.
Blog: Why incumbent insurers must buy out insurtech start-ups
Instead of just driving efficiencies, some start-ups now have the ambition to become full-stack insurers, warns Paul Cuatrecasas, CEO of investment bank Aquaa Partners, urging incumbents to buy out these potential competitors.
Man sentenced to a year after fraudulent personal injury claim
A man has been sentenced to a year behind bars after attempting to claim hundreds of thousands of pounds following a work injury.
Lloyds Bank's Bill Cooper on private equity
The valuation of intermediaries is once again in the spotlight after a number of recent high-profile deals, where firms have changed hands for what appear to be very high multiples. Lloyds Bank's managing director and global head of insurance Bill Cooper…
Dive In to delve into the 'Diversity Dividend'
The 'Diversity Dividend' is the theme of the third edition of the Dive In festival taking place in September.
Ogden cut to wipe £50m off Traveler's Q1 2017 results
Travelers expects to record an increase to prior year loss reserves of approximately $62m (£50m) in Q1 2017 as a result of changes to the Ogden discount rate.
Simply Business dedicated to growing UK headcount following Travelers acquisition
Simply Business remains committed to growing staff levels in the UK following its acquisition by Travelers.
Travelers acquires Simply Business for $490m
Travelers has agreed to acquire Simply Business from Aquiline Capital Partners for approximately $490m (£401m).
After Brolly v Travelers, here are six more insurance brand and marketing spats that made the headlines
The news last month that insurance giant Travelers had objected to insurtech startup Brolly using an umbrella as its logo got me thinking.