FCA cracks down on claims management ‘cowboys’
08 April 2019
Britain’s Financial Conduct Authority has started regulating claims management companies in a crackdown on misconduct…
International
Energy market ‘in trauma’
08 April 2019
Atrocious loss records, a depleted premium pool and increased operating costs have put a squeeze on the downstream energy insurance market, Willis Towers Watson says…
US personal lines rates up as disasters take toll
08 April 2019
Huge price increases in catastrophe-hit Florida and California contributed to a 2% rise in the US composite rate for personal lines coverage in the first quarter, according to analyst MarketScout…
Court approves Marsh-JLT deal
01 April 2019
Marsh & McLennan’s $US5.6 billion takeover of JLT is set for completion today after the UK High Court of Justice approved the deal on Friday…
Lloyd's takes action after sexual harassment claims
01 April 2019
Lloyd’s will impose tough sanctions, including potential lifetime bans, against people found guilty of sexual harassment in the London marketplace…
Lloyd’s cuts losses as turnaround plan kicks in
01 April 2019
Lloyd’s maintains things are looking up despite the market posting losses for the second consecutive year…
Key design flaw flagged as UK car thefts surge
01 April 2019
A security weakness in some keyless entry systems has partly driven record payouts for car thefts in the UK, insurers say…
RIMS invites insurtechs to make a pitch
01 April 2019
The Risk and Insurance Management Society will hold its first insurtech competition…
Automation leaves power grids vulnerable: Guy Carpenter
25 March 2019
Cyber attacks on electricity infrastructure are occurring more frequently but are not being reported, according to Guy Carpenter…
Munich Re expects profit gains
25 March 2019
Munich Re estimates net profit this year will increase by €200 million to €2.5 billion…
Ethiopian plane crash payouts may top $140 million
25 March 2019
Claims arising from the Ethiopian Airlines Boeing 737 MAX 8 plane crash earlier this month could exceed $US100 million, according to Aon…
Talanx loss burden tops budget despite drop
25 March 2019
German insurer Talanx’s large losses declined 25% last year to €1.2 billion, but they still exceeded its anticipated budget of €1.1 billion…
Lloyd’s sets Dive In dates
25 March 2019
Lloyd’s will hold its annual diversity and inclusion festival from September 24-26…
Brexit extension ‘must not be wasted’
18 March 2019
The UK Parliament’s decision to seek a Brexit extension presents an opportunity that “must not be wasted” to reach a deal, the Association of British Insurers says…
Rare ‘bomb’ storm blasts US Midwest
18 March 2019
The “bomb cyclone” that hit the US Midwest last week is the northern winter’s biggest insurance event, the Insurance Information Institute says…
New terror threats put more UK businesses in firing line
18 March 2019
Evolving terrorist methods are exposing more businesses to economic loss, according to UK reinsurer Pool Re…
Insurers monitor Boeing crash probe
18 March 2019
Insurers could face large claims related to the Ethiopian Airlines crash this month, which reportedly bears a striking resemblance to another deadly accident involving the same aircraft model…
Insurtech recovery helps Charles Taylor profit
18 March 2019
Professional services provider Charles Taylor recorded a $25 million profit last year, up $4.7 million on 2017…
Broker hits revenue milestone
18 March 2019
Specialist (re)insurance broker BMS recorded revenue growth of 25% last year, helping it break the £100 million barrier for the first time…
Brexit vote: insurers warn against ‘no deal’
11 March 2019
A “no deal” Brexit would be an “unforgivable act of economic and social self-harm”, says the Association of British Insurers…