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Cyber a good fit for automated underwriting: Moore Stephens
Cyber risks lend themselves to automated underwriting due to the need for stringent management of the policy and the global nature of the product, according to Moore Stephens Consulting
Matthew Neill
,
31 May 2017
GIC moves to underwriting profit
India's national reinsurer GIC Re has recorded an underwriting profit for the financial year 2016/17, following a 7.7 percentage point improvement in the combined ratio to 99.7 percent
Charlie Thomas
,
31 May 2017
Aon risk officer Jackson moves to FCA
Aon UK chief risk officer Keith Jackson is to leave the company to become director of general insurance at the Financial Conduct Authority.
Laura Board
,
31 May 2017
IFRS 17 could cost $2.6bn in UK: Prudential CFO
The International Accounting Standards Board (IASB)'s new IFRS 17 insurance accounting standard will involve "eye-watering" costs without necessarily bringing significant benefits, Prudential CFO Nic Nicandrou has said.
Laura Board
,
31 May 2017
The Channel Syndicate builds cyber team
The Channel Syndicate has hired underwriter Gillian Anderson from Talbot to add to its recently formed cyber team.
Catrin Shi
,
31 May 2017
EU watchdog warns against 'letterbox entities'
The EU securities and markets regulator has warned national watchdogs against companies hoping to set up thinly staffed "brass plaque" entities ahead of Brexit
Bernard Goyder
,
31 May 2017
Markel International promotes executives to board
Markel International, the UK-based subsidiary of US insurer Markel Corporation, has promoted two executives to its board
Bernard Goyder
,
31 May 2017
NN Group’s Delta Lloyd acquisition to close
NN Group's EUR2.5bn ($2.7bn) purchase of Dutch carrier Delta Lloyd is expected to close today, according to a joint statement from both parties
Matthew Neill
,
31 May 2017
James River shares fall on DE Shaw stake sale
Shares in James River fell 5.7 percent on Nasdaq today after the company late yesterday disclosed that funds run by DE Shaw plan to sell a 14.5 percent equity stake as they continue to cut their holdings.
Matthew Neill
,
31 May 2017
Generali divests defensive Intesa stake
Generali has sold the 3.04 percent stake it purchased in Italian bank Intesa Sanpaolo in February to fend off a takeover.
Matthew Neill
,
31 May 2017
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