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Insurance
Swinton to axe up to 900 jobs in digital push
UK insurance retailer Swinton Group is reviewing 84 of its branches as it restructures the business to be more digitally focused, which is likely to result in a reductions of around 900 roles by the end of the year.   27 April 2017
Alternative Risk Transfer
Florida start-up Heritage seeks ILS coverage
Heritage Property and Casualty Insurance, a Florida Citizens takeout insurer formed in 2012, is to use the insurance-linked securities (ILS) markets as a means of risk transfer for the first time.   1 April 2014
News
Target Group hires new chief financial officer
Target Group, the financial services outsourcing and software provider, has appointed Iestyn Evans as the group’s new chief financial officer (CFO).   14 June 2017
Insurance
AmTrust Q1 profit hit by cat losses, adverse reserve development
US specialty property/casualty insurance provider AmTrust Financial Services has seen its net profit plummet in the first quarter of 2017 due to natural catastrophes and prior year adverse development.   9 May 2017
Insurance
Chubb appoints new European leader
Property/casualty insurer Chubb has appointed David Furby to lead its European region following the retirement of Andrew Kendrick.   12 June 2018
Insurance
Zurich private clients head joins Munich Re-backed MGA UK General
Former Zurich executive Matthew Schofield has joined the senior management team of UK General Insurance as chief commercial officer, reporting to CEO Karen Beales.   19 June 2017
Insurance
Nexus strikes first of three M&A deals planned for 2018
Nexus Group has acquired Lloyd's coverholder and a specialist directors & officers and financial institutions (DOFI) MGA Apsley Specialty.   13 February 2018
Insurance
UK regulator proposes professional indemnity insurance change
The UK’s Solicitors Regulation Authority (SRA) is proposing to remove the current “one-size-fits-all” rules on professional indemnity insurance (PII), enabling firms “to take out cover that better reflects the work they do.”   26 March 2018
Insurance
TigerRisk hires ILS adviser to UK Chancellor
Reinsurance broker TigerRisk Partners has appointed Michael Wade, the Crown Representative for Insurance at the UK Cabinet Office and advisor to the Chancellor of the Exchequer on issues relating to Insurance Linked Securities (ILS).   5 September 2017
Insurance
Insurers can’t just patch up their businesses, claims start-up founder
The insurance market needs a new and fresh approach – it can’t just keep patching issues up, according to Tobias Taupitz, founder of insurtech start-up Laka.   27 September 2017

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