Insurance news

• Cfius/Genworth: Inconsistent strike zone

  11-06-2018 20:18
  The criteria for blocking and approving deals seems unclear
  
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• Commercial insurance must face up to tech challenges to stay relevant

  11-06-2018 17:18
  The commercial insurance sector and its customers must face up to the realities of the fourth industrial revolution if it is to remain relevant in five and ten years’ time, Airmic CEO John Ludlow warned today.
  
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• Kendrick replaced by Furby in Chubb leadership reshuffle

  11-06-2018 16:52
  Andrew Kendrick will be replaced by David Furby as head of UK and Europe.
  
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• Ardonagh-owners Highbridge and MDP buy healthcare broker from Axa

  11-06-2018 16:42
  Insurer says its UK strategy is that whole of market intermediaries are best placed within businesses focused on distribution.
  
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• Neil Manser to exit NIG group MD role

  11-06-2018 16:39 via insuranceage.co.uk
  Manser will take up the deputy CFO position at parent company Direct Line Group later this year.
  
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• David Furby to lead Chubb in Europe as Andrew Kendrick retires

  11-06-2018 16:38 via insuranceage.co.uk
  Kendrick has been with the business for over 20 years.
  
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• Axa sells health broker to Ardonagh owners

  11-06-2018 15:58
  Axa will sell its health broker, Health Insurance Group, to the private equity owners of Ardonagh.
  
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• Old Mutual sets price range for Quilter listing

  11-06-2018 14:05
  Valuation of wealth management unit comes in lower than expected
  
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• UK’s first pension consolidator prepares debut deal

  11-06-2018 13:05
  SuperFund set for £10m transfer despite concerns over lack of regulatory framework
  
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• Independent brokers praise Aviva stance in GRP split

  11-06-2018 12:33
  However sentiment for Allianz, which picked some of the GRP business, remains strong as experts say they can see the broker’s side of events too.
  
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• Blog: Opportunities in your own back yard

  11-06-2018 11:57
  SchemeServe’s John Price insists brokers should not rely on software houses to foster innovation.
  
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• Integro completes deal to buy Tysers

  11-06-2018 11:42
  Brokers to begin merging wholesale and retail operations.
  
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• European Property Underwriting launches terrorism cover

  11-06-2018 11:11 via insuranceage.co.uk
  MGA’s product available online.
  
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• Private equity injects £28m into Right Choice

  11-06-2018 10:34
  LDC has taken a minority shareholding in Right Choice and the money will be used to develop the broker’s technology and software platforms.
  
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• Fiducia targets hauliers and warehouses with new combined liability product

  11-06-2018 10:25
  Cover backed by A rated capacity.
  
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• Tokio Marine HCC buys Qdos business unit

  11-06-2018 10:23
  A subsidiary of Tokio Marine HCC has bought the contractor business unit of Qdos Group for an undisclosed sum.
  
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• Tokio Marine HCC buys Qdos Contractor

  11-06-2018 10:09
  All other divisions of Qdos Group remain as independent company.
  
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• Quindell auditor slapped with £4.5m fine over misconduct

  11-06-2018 10:05
  KPMG has been handed a £4.5m fine as a result of its audit of controversial insurance services firm Quindell.
  
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• Small print on travel insurance leaves holidaymaker with £30,000 bill

  11-06-2018 09:30
  Axa pays just a third of the costs for customer diagnosed with kidney tumour on holidayDuring a holiday in Cape Verde in January, Juliet Taylor was diagnosed with a kidney tumour and airlifted to Tenerife for surgery and two blood transfusions. While she was in intensive care, her travel insurance provider, Axa, told her it would only fund a third of her care costs. She was liable for the remaining £30,500 because she had failed to declare a single prescription of sleeping tablets when she
  
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• How the small print on my travel insurance cost me £30,000

  11-06-2018 08:00
  Axa pays just a third of the costs for customer diagnosed with kidney tumour on holidayDuring a holiday in Cape Verde in January, Juliet Taylor was diagnosed with a kidney tumour and airlifted to Tenerife for surgery and two blood transfusions. While she was in intensive care, her travel insurance provider, Axa, told her it would only fund a third of her care costs. She was liable for the remaining £30,500 because she had failed to declare a single prescription of sleeping tablets when she
  
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• Analysis: Cyber bullying

  11-06-2018 07:00
  Cyber cover is entering personal lines and offering protection against online bullying. But is it really a place for insurers?
  
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• Race to lead £1tn UK fund manager LGIM fires up

  11-06-2018 04:30
  Sarah Aitken, Emma Douglas and Mark Johnson early contenders to succeed CEO Mark Zinkula
  
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• Tycoon abducted by China works with authorities to sell assets

  11-06-2018 00:00
  Xiao Jianhua said to be detained in Shanghai a year after being seized in Hong Kong
  
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• Tycoon abducted by China agents works with authorities to sell assets

  11-06-2018 00:00
  Xiao Jianhua involved with unwinding of investments after HK seizure
  
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