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Aviva expects 1,800 job cuts to save £300m annually as new CEO vows to crack complexity

6 June, 2019 - 11:11
UK insurer Aviva is expecting approximately 1,800 role reductions across the group over the next three years as part of its efforts to reduce expenses by £300 million per annum by 2022, according to its new CEO Maurice Tulloch.

AIG appoints Driscoll and Baugh to new global underwriting leadership roles

6 June, 2019 - 11:06
American International Group (AIG) has appointed Kean Driscoll as global chief underwriting officer for property and agriculture, general insurance, and Alexander Baugh to the new role of global chief underwriting officer for casualty and financial lines, general insurance.

AI-driven insurtech Getsafe draws $17m funding for international expansion

6 June, 2019 - 10:59
Germany-based insurtech start-up Getsafe has raised $17 million (€15 million) Series A funding for its artificial intelligence (AI) powered insurance business.

BMS gets long-term capital infusion from BCI and PCP at £500m valuation

6 June, 2019 - 10:55
Specialist re/insurance broker BMS Group has secured a significant long-term investment from British Columbia Investment Management Corporation (BCI) and Preservation Capital Partners (PCP).

Aon picks insurtech CyberCube to improve cyber risk modelling capabilities

6 June, 2019 - 10:15
Re/insurance broker Aon has partnered with cyber risk analytics provider CyberCube to help improve its cyber aggregation risk modelling capabilities.

MGAA and CII partner to launch MGA training platform

6 June, 2019 - 09:45
The Managing General Agents’ Association (MGAA) has launched an online training platform, called MGA Assess, developed in partnership with the Chartered Insurance Institute (CII).

Aviva CFO Tom Stoddard steps down

5 June, 2019 - 11:00
UK insurer Aviva has parted ways with its chief financial officer (CFO) and director Tom Stoddard who has decided to step down from June-end to "clear the way for others to step up" as he considers new opportunities.

Stephen Catlin joins technology-focused investment firm Motive Partners

5 June, 2019 - 10:46
Industry veteran Stephen Catlin has joined Motive Partners, an investment firm focused on technology companies in the financial services industry, as a member of its global advisory council.

UK's PIB Group acquires Cobra group of companies

5 June, 2019 - 10:36
UK-based insurance intermediary PIB Group has acquired the Cobra group of companies, taking the amount of premium placed or influenced by PIB from £550 million to £900 million.

United expands catastrophe reinsurance tower to $4bn

5 June, 2019 - 10:15
Florida-based property and casualty insurance company United Insurance Holdings (UPC) has renewed its catastrophe reinsurance programmes, taking its total limit to $4 billion.

AIG appoints McElroy to lead NA general insurance and Levinson as Lexington CEO

5 June, 2019 - 09:35
American International Group (AIG) has promoted David McElroy, currently president and CEO of Lexington, to president and CEO of general insurance operations in North America, taking over from Lex Baugh.

Sedgwick eyes LatAm growth with new Brazil director

5 June, 2019 - 09:12
Technology-driven risk solutions provider Sedgwick has appointed Beatriz Cabrera as director of its Brazil operations, which cover several key areas of loss adjusting, including construction, engineering, energy, liability, marine and property.

Insurers must find ways to help cover intangible assets amid fast change

5 June, 2019 - 08:00
The boards and leadership teams of businesses are faced with an unprecedented level of change and are more accountable than ever. This represents an opportunity for risk managers and risk advisers to create new solutions to allow leaders to make better decisions.

The company secretary can be a risk manager’s best friend

5 June, 2019 - 07:56
A risk manager’s best friend can be the company secretary—certainly for risk managers who aspire to play a more central role within their companies and reposition themselves as strategic business partners.

The Amazon paradox

5 June, 2019 - 07:52
It is a widely held belief that competition is good and monopoly is bad. So why, asks Liberty Specialty Markets’ president and managing director Matthew Moore, does Amazon, with its market dominance, set new standards for service?

The art of big data jiu jitsu

5 June, 2019 - 07:50
The biggest challenge when working with big data is often establishing what question is the best one to ask, Andy Jones, who heads the risk engineering practice at MS Amlin, said yesterday during a workshop at the annual Airmic conference in Harrogate.

Geopolitical risk is top political concern for risk managers

5 June, 2019 - 07:48
More than any other mega trend, Airmic members identified geopolitical tensions as becoming harder, or significantly harder, to manage over the next three years.

Time to dispel run-off myths

5 June, 2019 - 07:45
Paul Corver of R&Q highlights how the captive insurance run-off sector has evolved, and why risk managers should take another look.

Beware the pitfalls of D&O disputes

5 June, 2019 - 07:42
Directors purchasing directors & officers (D&O) insurance should be aware of the pitfalls and the fact that disputes are common in the event of claims in this line of business, but there are some key things they can do to ensure their policy protects them and pays out when it should.

Risk managers fail to make the leap into the big data age

5 June, 2019 - 07:40
Despite the large amounts of data available to risk managers, turning it into actionable information remains an elusive skill, research by QBE and Airmic has found.


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