Insurer
Brokers upbeat for growth after “massive” XL and Axa deal
Market pleased that XL has “gone to a good home” and confident of new opportunities.
Insurer consortium teams up on £20bn capacity trade credit platform
The Channel Syndicate and Canopius will provide capacity alongside Liberty Specialist Markets for the specialist e-trade facility.
GRP appoints Clive Nathan as CEO of MGA division
Ex-Towergate leader Nathan moves from Primary Group.
Opinion: Jon Dye on optimism and the importance of insurance to society
Out of uncertainty: Jon Dye looks behind the headline of a recent survey that found declining optimism among brokers and shares his reasons for being upbeat
CBL collapse pushes Danish insurer Alpha into liquidation
Alpha said that the fall was directly linked to the failure of CBL Insurance.
Axa to buy XL for $15bn
Deal subject to shareholder approval and expected to complete in the second half of 2018.
Manchester Underwriting Management buys Pelican
Charles Manchester targeting of £10m of GWP in the next 12 months.
Podcast: The top 5 stories of the week
Emmanuel Kenning and Siân Barton have a look at the most read stories over the last week.
Elite named in CBL Insurance affidavit
The Central Bank of New Zealand has applied for an interim injunction against CBL Insurance.
ERS reports post-Ogden loss for 2017
Provider’s combined operating ratio improves slightly to 104.9%.
Alpha Insurance at risk of failing solvency requirements
Unrated Danish insurer hit with order by Danish FSA.
Quizzical questions: 2 March 2018
Test your knowledge of the week's news with our topical quiz.
The Blog Spot: One year of Ogden upheaval
The government should bring discount rate clarity to the insurance industry without further delays, writes Ida Axling.
Admiral reports growth in 2017
However its Confused aggregator sees profits slip following marketing and product development spend.
InsurTech Futures: Axa partners with Brolly on car insurance product
New policy to launch in March via Brolly's smartphone app.
Profits up at Gocompare in 2017
Aggregator reports 4.7% growth in insurance revenue.
Lockton and Chubb distance themselves from NRA
The businesses, along with US insurer MetLife, have moved away from the National Rifle Association as calls for gun control in the US grow louder following the Florida school shooting on 14 February.
Hiscox Retail boss reveals investment areas
Chief underwriting officer for Hiscox Retail, Joanne Musselle, commits to investing technology and innovation across all channels including broker.
Provisional administrator appointed to CBL Insurance Europe
The insurer was ordered to stop writing new business by the Central Bank of Ireland last week.
Profits rise and COR improves at Direct Line in 2017
Policy count and premiums drop at NIG.
#Insagepeople: 26 February - 2 March 2018
Keep up to date with all the latest people moves.
Pryce commits to growth through regional brokers under QBE’s new UK boss Cecile Fresneau
CEO promises campaign of engagement.
Hiscox COR and profit deteriorates
Profit before tax slashed to £30.4m from £354.5m and group COR swings to 99% compared to 84.2% in 2016.
QBE Europe profitable in “most challenging environment” for five years
Provider’s GWP up 4.1% as COR slips amid $1.2bn group loss.