Insurance news

• Willis buoyed by entry to S&P 500

  29-12-2015 15:07
  Willis is set to join the Standard & Poor's 500 stock index
  following its merger with consultancy Towers Watson.
  S&P said that the combined business, which will trade as
  Willis Towers Watson under the ticker WLTW, will join the index on
  4 January.
  Watchmaker Fossil will drop to the S&P Mid-Cap 400.
  Willis shares are likely to be boosted by the news, as the stock
  will now be held by index funds....
  
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• Axa completes Brazilian acquisition

  29-12-2015 15:07
  Global insurer Axa has closed its BRL135mn (EUR31mn) takeover of
  SulAmérica Companhia de Seguros Gerais.
  The business represents the large industrial and commercial
  business of SulAmérica, the fourth largest insurer in
  Brazil.
  The subsidiary writes marine hull, marine cargo and property,
  along with other lines of business.
  When the deal was agreed in May, Axa said that the transaction
  would increase its exposure to the Brazilian market and strengthen
  its coverage of the São
  
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• More rainfall predicted as Cunningham Lindsey calls in international team to help cope with Storm Eva claims

  29-12-2015 13:12
  
  Stephanie Denton Postonline A team of specialist property adjusters, from Cunningham Lindsey's overseas offices in Canada, New Zealand, Australia and South Africa, will be arriving in the UK from 5 January 2016 to boost the firm's expert technical resources.
  
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• KPMG predicts UK flood losses of up to £1.5bn

  29-12-2015 11:54
  Big four accountancy firm KPMG has predicted insured losses of
  £1bn-£1.5bn ($1.5bn-$2.2bn) from storms Desmond and
  Eva.
  Eva caused severe flooding in northern England over the
  Christmas weekend, hitting areas including York and Leeds. It came
  hard on the heels of Desmond, which impacted Cumbria, Lancashire
  and the Scottish Borders earlier in the month.
  Meanwhile, rival PwC gave a "very initial" insured
  loss estimate of £700mn-£1bn for the winter floods, with
  an economic l
  
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• Penny Black's Christmas disasters 2015

  29-12-2015 10:30
  Cecile Brisson Postonline Penny Black has asked insurers to share their stories of Christmas disasters. Loss adjusters have also told her about their most festive business claims.
  
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