News

Insurance

Direct Line 2017 results jump on Ogden change

UK-based Direct Line has seen its operating profit in the motor business more than double in 2017 after UK’s Ogden personal injury discount rate change, boosting overall results, but reinsurance cost also increased at January 2018 renewals.   27 February 2018

Insurance

AmTrust expects up to $65 million cat losses in Q3

Specialty property/casualty insurer AmTrust Financial Services said on Oct. 3 that it expects net losses for the third quarter of 2017 from natural catastrophes of between $40 million and $65 million.   4 October 2017

Insurance

New $100m insurtech investment fund launches

Eos Venture Partners, a specialist venture capital investor, is launching a new $100 million fund targeting early and growth stage insurtech ventures, which will allow insurers to invest in the insurtech sector indirectly and gain access to potentially transformative technology, Intelligent Insurer can reveal.   11 April 2018

Insurance

Paul Jardine joins insurtech AkinovA's board

Former XL Catlin veteran Paul Jardine has joined the advisory board of insurtech startup AkinovA.   15 November 2018

Insurance

Marsh unveils new digital broker Bluestream

Broker Marsh has launched a cloud-based digital broker platform for the affinity market.   15 November 2018

Insurance

Australia government drops state reinsurer plans

The Insurance Council of Australia (ICA) has welcomed government plans to drop the creation of a state-backed reinsurer.   19 December 2017

Insurance

Chubb appoints new head of international property

Property/casualty insurer Chubb has appointed Brian Church as executive vice president and head of international property for its overseas general business.   19 December 2017

Insurance

North P&I Club creates Brexit unit in Ireland

The board of directors of North and Sunderland Marine has agreed that a subsidiary insurance company should be established in Ireland to underwrite all future European Economic Area (EEA) business with effect from Feb. 20, 2019.   20 November 2017

Insurance

Break the vicious circle of distrust, advises start-up founder

There’s a fundamental problem in the insurance industry: consumers no longer trust insurers.   27 September 2017

Insurance

Chubb appoints head of diversity and inclusion

Property/casualty insurer Chubb has appointed Louisa Lombardo as head of diversity and inclusion (D&I) for Europe, Eurasia and Africa.   27 September 2017

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