IUA: London market income dips 0.1% as treaty reinsurance falls 6%
Direct and facultative business grew nearly 2%, but treaty reinsurance gave back some of last year's 10% jump
Insurance News
SV builds global programmes with Swiss Re CorSo and UnisonSteadfast
Stuttgart-based SV SparkassenVersicherung (SV) has teamed up with Swiss Re Corporate Solutions and broker network UnisonSteadfast to offer insurance solutions in more than 100 countries and assume the
Illinois court limits wrongful death claims by equitably adopted children
Decades as a father figure weren't enough without formal adoption papers
Aon launches tool to track cyber risk management progress
Aon has launched a service designed for corporates to demonstrate to their insurers improvements in their cyber risk management. According to Aon, CyQu Marketplace will enable users to act on cyber as
Bridge Specialty automates 90% of wholesale insurance submission intake
President Anurag Batta explains how machine learning intake reshapes underwriting turnaround times and improves customer service
Kim Kardashian's Paris jewel heist ends with a one-euro verdict
But the real financial story sits with insurers
Marsh names new Europe CEO as Adamantiadis takes on global role
Tom Geraghty will become CEO of Marsh Europe from November, taking over from Christos Adamantiadis, who is moving into the newly created role of president, global head of placement and market solution
Allianz bolsters multinational construction cover in EEA
Allianz Commercial has “refreshed” its construction capability across the European Economic Area (EEA), offering cover for contract works, contractor’s plant and contractors’ liability. The insurer sa
Insurance and finance keep adding jobs as the UK's hiring slide runs into a seventh month
Our industry is bucking the trend
Markel names new heads for transport and marine liability as risks converge
The appointments come as geopolitical disruption makes cross-class marine expertise a practical necessity
UK small firms hit hardest by cyber attacks, Hiscox finds
British firms are more likely to be hacked than their global peers, and among the highest spenders on cyber resilience too
Soft power insurance market hides a harder renewal problem
Rate cuts of up to 40% mask rising insurable values and equipment lead times that threaten BI coverage adequacy
UK insurers hit £22.8bn on their £100bn pledge
The market funding it is already changing shape
SME resilience gap gives independent brokers an advisory opening
For many smaller businesses, serious risk planning still begins only when an insurer asks for it or something goes wrong
Singapore adopts tough new bill to tackle online scams
The Singapore Parliament has passed the Scams (Countermeasures) and Other Matters Bill. Anyone who hands over their personal details to open online accounts for scammers, or buys and sells those accou
Clear Group relocates London HQ to Monument Street
All London staff now sit on one floor as Clear Group builds out its wholesale broking ambitions.
AXA tells brokers where it will and won't compete for the next three years
The group's new strategic plan signals discipline at AXA XL and AI deployment across underwriting and pricing
Baldwin going private in latest big brokerage deal
The $7.7bn deal to take US-based The Baldwin Group private adds another multibillion-dollar transaction to a surge in large insurance brokerage deals and comes as Baldwin has returned to acquisitions
Revolut's paperwork breach shows why insurers are rethinking what counts as a 'cyber attack'
Fintech bank handed over customer data after fraudster asked for it
Wells named head of Zurich US as Signorelli exits
Zurich US has named Alex Wells CEO, effective immediately, replacing Sierra Signorelli, who has left the company. Signorelli had led Zurich’s US business since January and was named CEO of its global
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