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Insurance
UK comprehensive car insurance prices rose 18 percent on an annualized basis to £847 in the second quarter, the biggest quarterly rise in seven years, pushing the cost of UK car insurance close to an all-time high. 10 July 2017
Insurance
Re/insurer QBE has appointed Constanza Gállegos as head of distribution for Continental Europe. 6 July 2017
Insurance
The Federation of European Risk Management Associations (FERMA) has elected new members to its board and confirmed Jo Willaert as president for an additional two-year term. 6 July 2017
Insurance
Zurich Insurance Group has announced that Michel Liès will succeed Tom de Swaan as new chairman of its board. Swaan has been a member of Zurich’s board since 2006 and chairman since 2013. 6 July 2017
Insurance
Stephen Catlin, who is stepping down as executive deputy chairman of the XL Group, is not in the mood for retiring yet. 6 July 2017
Insurance
Legal expenses insurer Elite Insurance said July 5 that it is ceasing to write new business. Elite offered legal expenses insurance, professional indemnity insurance and general insurance. 5 July 2017
News
Germany-based Munich Re has appointed Maximilian Zimmerer to its supervisory board, succeeding Peter Gruss who has resigned from the position with effect from June 30, 2017. 5 July 2017
Insurance
Stephen Catlin, the founder of Catlin, and the UK’s Prudential Regulation Authority (PRA) warned insurers over their cyber risk exposures. 5 July 2017
Insurance
Traditional insurers are too slow to react to trends in the sector and managing general agents (MGA’s) may be able to adapt more quickly and efficiently, offering the necessary expertise and potentially making the insurer’s underwriting capabilities become obsolete, according to a panel discussion at the 2017 Managing General Agents’ Association conference. 5 July 2017
Insurance
EC3 Consultants, a business support organisation targeting the insurance industry, has launched a General Data Protection Regulations (GDPR) review and audit service to support insurance companies, brokers and MGAs grappling with the new data requirements. 4 July 2017
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