News

Insurance

Allianz in 'advanced talks' to buy L&G's home insurance business: report

German insurer Allianz is in "advanced talks" to buy Legal & General’s (L&G's) home insurance business, Sky News reported on April 29.   30 April 2019

Insurance

KPMG fined by UK regulator over Lloyd’s Syndicate 218 (Equity Red Star) audit

The Financial Reporting Council (FRC) has fined KPMG and some of its partners after an investigation found misconduct in relation to the audit of Lloyd’s Syndicate 2018 (Equity Red Star) and actuarial advice given to Equity Syndicate Management (ESML).   30 April 2019

Insurance

Argo extends CFO Jay Bullock's contract to 2023

Bermuda-based specialty re/insurer Argo Group International Holdings has extended the contract with its executive vice president and chief financial officer Jay Bullock until April 25, 2023.   30 April 2019

Insurance

Faraday CEO D’Arcy named Gen Re head of international property & casualty

Gen Re, a Berkshire Hathaway company, has appointed Andrew D’Arcy as the head of Gen Re international property & casualty.   30 April 2019

Insurance

Stephen Catlin launches re/insurance start-up Convex with $1.8bn capital raise; secures A- rating from AM Best

Insurance veteran Stephen Catlin and Paul Brand have launched a new specialty re/insurer focused on complex risks with an initial capital commitment of $1.8 billion, and an "exceptional group" of underwriting experts.   30 April 2019

Insurance

AXA expects job cuts as it remodels claims operations in UK

Insurer AXA UK has unveiled plans to restructure its claims operations in a move that is expected to place several roles across claims sites at risk of redundancy.   30 April 2019

Insurance

CLS Risk Solutions hires CEO to wake property risk ‘sleeping giant’

CLS Risk Solutions, the legal indemnity and transactional property risk MGA for the CLS group, has secured Tom O’Connor as its new CEO.   30 April 2019

Insurance

Canopius expands in Asia Pacific with new Australia office; hires Tokio Marine exec

Specialty re/insurer Canopius is launching a new office in Sydney, Australia as part of its strategy to expand in the Asia Pacific region.   30 April 2019

Insurance

BIBA partners with Opus Underwriting for intellectual property insurance scheme

The British Insurance Brokers’ Association (BIBA) has launched an intellectual property insurance scheme in partnership with specialist underwriting agent Opus Underwriting.   30 April 2019

Insurance

Lloyd's report examines unanswered questions about AI risk liability

While artificial intelligence (AI) and robotics have helped insurers improve their operations and increase efficiency, it has also introduced new risks relating to trust, ethics, security and safety, a new Lloyd's report has suggested.   29 April 2019

Not finding what you're looking for, please try resetting your applied search and filters,
or try the full site search.