News

Insurance

AJG: Ethiopian Airlines / Boeing crash to cost insurers over $1bn

The Ethiopian Airlines crash on the 10 March 2019, and the subsequent worldwide grounding of the Boeing 737 Max fleet, “could cost aviation insurers over $1bn combined”, the broker AJ Gallagher has estimated.   16 July 2019

Insurance

UK insurers ‘hugely disappointed’ as Ogden discount rate set at minus 0.25%

UK insurers will be “hugely disappointed” as the injury damages rate, the Ogden discount rate, was set at minus 0.25 percent today to come into force on August 5, 2019.   15 July 2019

Insurance

Lloyd's seeks to develop parametric insurance and smart contracts

Parametric insurance and smart contracts technology could help insurers increase efficiency and improve customer experience, finds new reports by insurance and reinsurance marketplace Lloyd’s of London.   15 July 2019

Insurance

Companies House data reveals 21st century insurance firms outnumber incumbents two to one

Two in five insurance businesses in the life and non-life insurance sectors have emerged in less than a decade, since 2010, according to a study of Companies House data by digital home insurer Policy Expert.   12 July 2019

Insurance

Aon names Tim Ronda president of US reinsurance solutions business

Re/insurance broker Aon has appointed Tim Ronda as president of its US reinsurance solutions business with immediate effect.   12 July 2019

Insurance

MGA leaders offer insights into the big issues for the industry now and in the future

Now seems to be a great time to be running an MGA – but are there downsides? And what is the future for the sector? We asked five MGAs some questions around their confidence, concerns and goals—and their opinions on technology in our virtual roundtable.   12 July 2019

Insurance

Allianz chief Jon Dye to replace Amanda Blanc as new ABI chairman

The Association of British Insurers (ABI) has appointed Allianz Insurance chief executive Jon Dye as its new chairman, replacing Amanda Blanc who resigned last week.   12 July 2019

Insurance

Uinsure partners with WhenFresh to launch ‘Zero Questions Asked’ quotes

General insurer (GI) Uinsure has launched a ‘zero questions asked’ quote platform for UK home insurance in partnership with big data ‘supermarket’ insurtech WhenFresh.   12 July 2019

Insurance

GIC India chief Alice Vaidyan to retire at end of July

Alice G Vaidyan, chairman and managing director of the Indian state-owned reinsurer General Insurance Corporation of India (GIC Re), is retiring at the end of July, Intelligent Insurer can reveal.   11 July 2019

Insurance

EC3 Brokers hires former Greenlight Re, Wellington executives for US expansion

London-based EC3 Brokers has appointed James Norris as chief actuary and Terry Holley as senior vice president in the US.   11 July 2019

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