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Last Chance Saloon: London Market doomed if modernisation fails
Insurance
Modernising the London Market is essential if it is to compete with other re/insurance hubs and competitors in the world. But resistance from the front office, where brokers and underwriters may be reluctant to change their behaviour, could threaten the plan’s success. Intelligent Insurer reports.   11 August 2016
Insurance
KBC Groep, the Belgium bank-insurer with a significant present in central and eastern Europe, posted improved profits in the second half of 2016 but the contribution from its non-life insurance units decreased mainly due to higher claims.   11 August 2016
Insurance
As the Insurance Act 2015, hailed as the biggest shake-up of insurance law in the UK since 1766, comes into force tomorrow (Friday August 12), experts have warned insurers and buyers to embrace its advantages but also remain vigilant of its pitfalls.   11 August 2016
article
Alliant Insurance Services, a distributor of diversified insurance products and services, is expanding its west coast employee benefits team with the addition of a new vice president (VP).   10 August 2016
Insurance
Blockchain technology can make the placement process, claims management and compliance tasks more efficient and cost effective as long as re/insurers, underwriters and brokers collaborate with one another, according to a report from PwC Bermuda.   10 August 2016
Insurance
Risk management firm Hanover Stone Partners has collaborated with advisory firm Baker Tilly Virchow Krause on vendor risk management services to help businesses evaluate and manage cyber-risks relating to the use of contractors, vendors, suppliers and other outsourced providers.   9 August 2016
Insurance
Global Risk Partners (GRP), an investment vehicle targeted at brokers and managing general agents, has acquired commercial and personal insurance broker, BB Insure.   8 August 2016
Insurance
PartnerRe, a property/casualty and specialty reinsurer, has appointed Jörg Bruniecki as its head of global client and broker management.   8 August 2016
Insurance
R&Q Commercial Risk Services (CRS), part of R&Q’s managing general agent (MGA), has increased its total underwriting capacity to £15 million as part of a long term capacity agreement to secure more business with small and medium-sized enterprises (SMEs).   8 August 2016
Insurance
Towergate London Market has expanded its motor fleet team with the appointments of Mark Culleton as senior account handler and Darren Grodent as senior placement broker.   5 August 2016

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