United Kingdom (UK)
Blog: Growing timber insurance, the essentials
Growing timber insurance is a niche market that requires expertise, be it for underwriting or assessing storm damages. Frank McGaffney, loss adjuster at Agrical, explains.
C-Suite: Brightside's Mark Cliff on transformation
Older readers will remember Sir John Harvey-Jones, the pipe-smoking boss of iconic British company ICI. He hosted a TV programme in the 1990s called ‘Troubleshooter,” advising firms how to change and transform themselves.
Fitch revises Lloyd's outlook to negative
Fitch Ratings has downgraded Lloyd's of London's outlook to negative from ‘stable’ issuing a stark warning over the markets due deteriorating underwriting performance and increased exposure to catastrophe risk.
Broker influx sees Acturis's revenue jump 20%
Acturis has said that winning broker clients from rival software houses accounted for a 20% spike in revenue over 2016.
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.
Aquila sells Vectura Underwriting stake to Nexus Group
Aquila Underwriting has sold its interest in Vectura Underwriting to the Nexus Group.
Ed appoints James Blacker as P&C managing director
Global reinsurance, wholesale and specialty broker Ed has appointed James Blacker as managing director of property and casualty.
Darag names Stuart Davies chairman
European run-off insurance company Darag has named Stuart Davies as chairman of the group.
Direct Group mulls ‘acquisition opportunities’ following takeover by Towergate backer
Newly-renamed Direct Group will “consider acquisition opportunities” following its own takeover by Towergate-backer KIRS Group.
Insurers fear revenue is at risk to disruptors entering the market
Insurers are worried that their revenue is at risk from insurtech, with over one in eight insurers fearing that they could lose revenue to disruptors entering the market.
International: Marine losses
Major marine losses are flowing again as ever larger, more sophisticated ships take to the seas.
Kennedys reports an 8% increase in global turnover
Kennedys has reported an 8% increase in turnover for the financial year 2016/17 of £149.9m (2016: £138.8m).
Zurich enters global car rental market following acquisition of Halo
Zurich has acquired Halo allowing it to enter the global car rental market.
MS Amlin's European business heads to Belgium due to Brexit
MS Amlin is to re-domicile its European business, Amlin Insurance Societas Europaea to Belgium in response to Brexit.
Antares adds David Hobbs, Mike Finch and Paul Grimsey to its board
Lloyd’s managing agent Antares has appointed internal candidates to the roles of chief operations officer and finance director and added both executives and its chief actuary to its board.
LMA launches claims management hub for Lloyd’s carriers
The London Market Association has approved the creation of a claims expert management hub for Lloyd’s carriers.
Government looking to drop 'outdated' discount rate formula
The government is looking to move away from the “outdated” Ogden discount rate mechanism, the City Minister has said.
Businesses to face bigger costs for ransomware attacks
Businesses are being warned that they could face greater financial fall-out if they become victim to a cyber or ransomware attacks, following the Petya attack on Tuesday.
Interview: Matthew Crummack, Go Compare
When Matthew Crummack took the driving seat at Go Compare a year ago this month, the business was in the midst of a demerger from parent Esure. The CEO of the price comparison site sat down with Ryan Hewlett to discuss his first year in the job, taking…
Group risk: A group safety net
With state benefits set at low levels, the safety net of group risk cover has never been more valuable. But although sales are creeping up, providers and advisers believe there is much more that could be done to grow the market
Government should rethink stance on single market access: Scotland's Brexit Minister
Theresa May’s government should rethink its stance on a hard Brexit and single market access, Scotland's Brexit minister has said.
Watchstone names Stefan Borson as successor to outgoing CEO
Watchstone has named Stefan Borson as the successor to outgoing CEO Indro Mukerjee, who will resign at the end of the year.
Government to introduce ILS framework in the autumn
The Government is to introduce a framework for Insurance Linked Securities before parliament with the hope of getting it up and running in the autumn, the Economic Secretary to the Treasury, has said.
Equivalence is not a substitute for mutual market access agreement: ABI
Regulatory and Solvency II equivalence is not an adequate replacement for a proper agreement on mutual market drawn up by government, the industry has heard.