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Blockchain for marine pricing
Insurance
Using live data from ship and cargo movements, insurers and reinsurers will be able to price and select the marine risk they want to underwrite more accurately, EY executives told Monte Carlo Today.   9 September 2018
AFL replaces CFO with Towergate hire in growth move
Insurance
Independent Lloyd’s broker AFL Insurance Brokers has replaced its current chief financial officer (CFO) Keely Dalfen with a new hire from Towergate.   21 August 2018
M&A on the rise in the UK specialty market
Insurance
While the UK’s specialty insurance market is showing only “modest” rate increases, mergers & acquisitions (M&A) are on the rise as insurers look for growth, according to EY UK insurance leader Rodney Bonnard.   24 July 2018
Insurance
The re/insurance industry has offered a mixed reaction to the publication of the UK Government's white paper on Brexit this week, with some commentators calling it a step in the right direction but others stressing that it does not resolve the key issue of contract continuity and doubt remains as to whether UK insurers will remain licenced to pay claims in a few EU countries without an agreement in place.   13 July 2018
Insurance
The UK motor insurance market has reported a net combined ratio (NCR) of 96.8 percent in 2017, the best result since 1994 and the second best since records began, according to EY’s Annual UK Motor Insurance Results.   28 June 2018
Insurance
The Association of British Insurers (ABI) has named Zurich Insurance Group’s CEO Europe, Middle East & Africa (EMEA) Amanda Blanc as its new chair.   8 June 2018
Insurance
Willis Towers Watson claims to have completed the first blockchain transaction for marine insurance in a first for that sector.   6 June 2018
Insurance
Hurricanes Harvey, Irma and Maria - along with the Californian wildfires - all contributed to the costliest year on record for the UK specialty insurance market in 2017, according to EY’s annual specialty results analysis.   1 June 2018
Insurance
JLT Specialty, a subsidiary of Jardine Lloyd Thompson Group, has appointed Leon Steenkamp as head of tax insurance within its mergers & acquisitions (M&A) practice, which is part of the financial lines group.   27 February 2018
Insurance
Lloyd's, the specialist insurance and reinsurance market, has appointed Mike Bracken, Nigel Hinshelwood and Fiona Luck to its franchise board as non-executive directors for a three-year period commencing March 1, 2018.   6 February 2018

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