News

Insurance

Financial Conduct Authority crackdown could hit profits for UK motor and home insurers, finds Fitch

Fitch Ratings has warned that UK motor and home insurers could see a drop in profits next year as the regulator, the Financial Conduct Authority (FCA), moves to end high prices for customers who do not shop around for a better deal.   8 October 2019

Insurance

Hannover Re’s Wallin ‘optimistic’ about growth in annual results

Hannover Re defies “burden of heavy losses” to secure “pleasing growth” in 2018 and forecast further growth for 2019, its chief executive officer Ulrich Wallin said today as the company unveiled its annual results.   5 February 2019

Insurance

Catalina appoints Armour's Steve Ryland as UK chief executive

Bermuda-based Catalina Holdings has appointed Steve Ryland as chief executive of its UK operations as part of the company's effort to strengthen its global management team.   19 July 2019

Insurance

ArgoGlobal makes key casualty hires from Chaucer and QBE

ArgoGlobal, a Lloyd’s insurer and member of Argo Group, has bolstered its casualty division with senior hires from Chaucer Syndicates and QBE.   15 March 2018

Insurance

AI-powered insurtech Zesty.ai raises $13m capital for expansion

US-based artificial intelligence (AI) startup Zesty.ai has secured a $13 million investment in its Series A financing round, led by Luxembourg-based private investment fund Blamar.   10 December 2018

Insurance

FAA identifies further Boeing 737 Max software issues; delays return to service

The short-term future of the Boeing 737 Max is in limbo after the US regulator found an additional issue with flight software that it has asked the manufacturer to address.   28 June 2019

Insurance

Chubb, Lockton fined $8.3m for NRA-branded insurance

The New York State Department of Financial Services (DFS) has fined Chubb and Lockton a combined $8.3 million for underwriting an NRA- (National Rifle Association) branded insurance programme.   8 May 2018

Insurance

AmTrust at Lloyd’s hires head of space business

AmTrust at Lloyd’s has appointed Chris Gibbs as its new head of space, joining from Osprey Aerospace.   18 January 2018

Insurance

Willis Towers Watson hires asset management specialist from Lockton

Broker Willis Towers Watson has appointed a number of asset management experts in its FINEX financial institutions practice to further expand its offering globally.   29 April 2019

Insurance

Willis Towers Watson brings new global head of financial solutions from BNP Paribas

Broker Willis Towers Watson has appointed Christophe Meurier as global head of financial solutions, succeeding Paul Davidson who will continue as chairman of the business unit.   29 April 2019

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