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Insurance
Robin Hargreaves, chairman of the underwriting board at Tokio Marine Kiln (TMK), will retire at the end of this year after serving the company for 36 years. 28 November 2016
Insurance
Specialist insurer Markel International has entered into a master underwriting agreement with US upstream oil and gas energy managing general agent (MGA) JH Blades. 28 November 2016
Insurance
Commercial insurer RSA has expanded its London Market hull underwriting team with the appointment of Stuart Forsyth as business leader and Danny Bell as an underwriter. 25 November 2016
Insurance
While insurers are suggesting that the UK should make use of the leeway achieved through Brexit to adapt Solvency II rules to the needs of the domestic market, the regulator warns that global standards are important to the industry. 24 November 2016
Insurance
The UK government’s recent proposal to raise insurance premium tax (IPT) from 10 percent to 12 percent, as laid out in its Autumn Statement, has created a backlash within the insurance sector. 24 November 2016
Insurance
Australian insurer IAG has said it anticipates that the recent trans-Tasman storm and New Zealand earthquake events may cost it up to A$200 million net, though it stressed the gross cost remains uncertain. 18 November 2016
Insurance
Tokio Marine, the holding company of Tokio Marine & Nichido Fire Insurance, which owns Tokio Millennium Re, has boosted its net income attributable to its parent company by 69.6 percent year-on-year in the second quarter (July-September) to ¥155.2 billion ($1.4 billion) and raised its full year targets. 18 November 2016
Insurance
Insurers have been debating how to make use of opportunities offered by insurtech to make their processes more efficient and create more competitive products at a November 16 Intelligent InsurTech Europe conference in London. 17 November 2016
Insurance
Insurers need to catch up with other industries in the use of technology as the market becomes more competitive – but smaller players might fail to succeed. 17 November 2016
Insurance
Insurers believe technologies and innovations provide significant opportunities to the industry in terms of managing compliance and risk, and improving efficiency and service, according to a study by financial services technology provider FIS. 17 November 2016
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