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News

tech partnership handshake

Sompo International announces partnership with Flock

This partnership supports the future of unmanned aviation by increasing the availability of critical insurance needed for emerging use-cases, like drone cargo deliveries, flying taxi passenger flights and drone swarm shows.

aviva glass door image

Reuters: Aviva sets Feb deadlines for $6.6 billion disposals in France, Poland - sources

The London-based insurer, led by boss Amanda Blanc, is expected to sell its French business for about 3.5 billion euros while the Polish operations are valued at roughly 2 billion euros, the sources said.

Lloyds_Getty_sunset

Lloyd’s offers AI-enabled reputational risk cover

A group of Lloyd’s insurers are providing artificial intelligence-enabled tools to help policyholders control their corporate brand and reputation more effectively.

Bitcoin-CredittoReuters

Insurers complicit in ransomware rise - warning

Insurers are inadvertently funding organised crime by covering ransom payments, says former NCSC chief

Zurich executive job cuts

Covid-19 impact on insurance recruitment revealed

Recruitment stats confirm economic impact of pandemic past year, but more optimistic picture painted for 2021

snow UK

FloodFlash pays Storm Christoph catastrophe claim in 9 hours 44 minutes

It means that policyholders can be paid their claim on the same day

Bank of england

Bank of England told to stop buying ‘high carbon’ bonds

A group of British members of parliament said on Monday that the Bank of England should stop buying bonds from businesses whose activities accelerate global warming.

Fitch: Bermudian re/insurers raise $7.7bn of new capital

Fitch added that there had been some disappointment among carriers at the extent of reinsurance rate rises during the January 1 renewal season.

covid closed

Pay business insurance claims or face enforcement, UK watchdog says

Insurers face enforcement action if they don’t pay up as soon as possible on business insurance claims following a landmark court ruling, Britain’s Financial Conduct Authority said on Friday.

ashokkrishnan

AXA XL appoints Ashok Krishnan as Chief Data and Analytics Officer

Mr. Krishnan will report to Matthieu Caillat, Chief Operating Officer, AXA XL and will be based in London.

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