News – Page 94
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NewsMore funding for flood risks insurer
HSCM Bermuda is among the latest investors in an American flood specialist insurance company.
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NewsRegulatory bodies hit financial services D&Os with fines in the millions – BLM
A lack of cover for regulatory fines creates ‘a double-edged sword’ for company directors and officers
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NewsProtestor throws green paint at Lloyd’s building to ‘highlight shameless greenwashing’
Yesterday morning (28 July 2021), an activist from climate change action network Insurance Rebellion was arrested after throwing a bucket of green paint over the Lloyd’s of London building at 1 Lime Street.
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NewsAborted Aon WTW deal a “victory for competition”
Insurance buyers stand to benefit from greater choice as regulators lose appetite for monopolistic tie-ups - Brokerslink
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NewsMcLarens taps Broadspire in TPA expansion
Reporting into global head of TPA, Kirsten Early, the six-strong team will support the development of McLarens’ TPA capabilities
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NewsGlobal commercial insurance prices increased by 15% in Q2 – Marsh
Global commercial insurance prices increased by 15% in Q2 2021, according to the Global Insurance Market Index released today (27 July 2021) by Marsh.
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NewsBought By Many scoops ex-Spotify lead as new chief product officer
Bought By Many has hired former Spotify design lead Lidia Oshlyansky as its new chief product officer.
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NewsLloyd’s of London hires ex-cabinet secretary Sedwill in council role
Lloyd’s of London has hired Mark Sedwill, Baron Sedwill of Sherborne, as its senior independent director and deputy chair of Lloyd’s Council.
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NewsCDL reports £52.7m turnover for 2020
Insurtech CDL has reported a £52.7m turnover for the 12-month period ending 30 September 2020, as well as £11.5m in pre-tax profits.
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NewsArdonagh Group creates new European business
The Ardonagh Group has announced the creation of Ardonagh Europe as it prepares to expand its buy and build model.
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NewsAon and WTW call off mega merger
Brokers terminate merger agreement following “an impasse” with the US Department of Justice
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NewsBeware the catastrophe COVID clash
A major catastrophe impacting Florida, California, Texas, Missouri, or Louisiana could be complicated by COVID-19
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NewsAon: Nat cat losses reach $93 billion in 1H
Fatalities due to temperature extremes were the deadliest type of disaster during the first six months of 2021
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NewsInsurers must ‘increase their knowledge and expertise’ around cyber risks
If global multiline insurers do not stay on top of cyber trends, potential claims may ‘no longer be insurable in an extreme scenario’, says insurance director
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NewsLloyd’s of London names first female deputy chair
She has worked in the Lloyd’s market for 40 years
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NewsQuestGates boosts Ireland operations with double acquisition
The deals aim to bolster the firm’s ‘ambitious growth plans’ as the loss adjuster looks to ‘shake up the status quo’
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NewsBeazley bolsters GWP by 22% in first half of 2021
London market insurer Beazley has reported a 22% increase in its gross premiums written between 30 June 2020 and 30 June 2021, improving GWP from $1,663.9m last year to $2,035.3m at the end of June.
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NewsHiscox’s Masojada to retire this year as ‘time is right to hand over to new leadership’
The current group chief executive will be succeeded by the insurer’s chief financial officer
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People & OpinionPie Insurance expands its leadership team with Finance, Insurance, and Technology experts
“The expansion of our leadership team and our board is an important step toward fast-tracking Pie’s future as a leading small business insurer,” said John Swigart, co-founder and CEO of Pie Insurance.
