News

Insurance

Aston Lark makes key hire to drive future growth strategy under Goldman Sachs

UK insurance broker Aston Lark has appointed Andrew Scola to its executive leadership team in the newly created role of group chief technology and operating officer.   8 October 2019

Insurance

6m customers overpaying for insurance – Financial Conduct Authority

Some six million customers are overpaying for their insurance, according to the UK’s watchdog, the Financial Conduct Authority (FCA), which has proposed tough new measures to address the issue.   4 October 2019

Insurance

Pro Global Holdings rebrands Vibe MGA Management as part of expansion strategy

Pro Global Holdings has confirmed the immediate rebranding of its Vibe MGA Management to Pro MGA Solutions Ltd in the UK, after receiving regulatory approval.   3 October 2019

Insurance

Research shows careless approach to quality of D&O insurance by many private equity firms: Mactavish

Many private equity firms are “not placing enough focus on the quality of insurance cover” in place at portfolio companies, according to research from Mactavish, the expert on commercial insurance placement and disputes.   3 October 2019

Insurance

AXA XL launches on-demand cover for UK Uber drivers

AXA XL has launched on-demand cover to help Uber drivers in the UK minimise loss of earnings after an accident.   3 October 2019

Insurance

Ed Risk Solutions bags director from Price Forbes Risk Solutions Richard Laird

Richard Laird has joined Ed Risk Solutions as a divisional director in its Risk Solutions division, moving from Price Forbes Risk Solutions.   3 October 2019

Insurance

Tokio Marine Holdings to buy US HNW insurer Pure Group for $3.1bn

Tokio Marine Holdings has agreed to buy 100 percent of the outstanding shares of US firm Privilege Underwriters and its subsidiaries, known as the Pure Group, for $3.1 billion (approximately ¥ 325.5 billion).   3 October 2019

Insurance

Insurance sector sees strong business performance: CBI/PwC

The insurance sector is financially strong, and the number of people working in it is rising, according to the third-quarter financial services survey undertaken by the Confederation of British Industry and PwC.   3 October 2019

Insurance

Allianz Global Corporate & Specialty appoints Kang as global head of reinsurance and catastrophe risk management

Allianz Global Corporate & Specialty has appointed a new global head of reinsurance and catastrophe risk management Hyeji Kang.   1 October 2019

Insurance

Operational risks such as pricing are top concerns for Lloyd’s CROs, finds LMA survey

Pricing, cost reduction and other “bread and butter” issues are the top concerns for chief risk officers (CROs) within Lloyd’s managing agencies.   18 September 2019

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