week commencing 28/10/18:

Analysis of the Autumn budget and immigration in America are once again dominating mainstream news, but there’s been plenty of action in insurance too. Read on for our picks of this week’s market press.


Aon announces long-term growth strategy
With competition between the broking heavyweights at a high following JLT’s sale to Marsh, Aon is putting its faith in its new long-term strategy. External-link [Insurance Day]


Singapore conference: change is coming to insurance value chain
Tom Van den Brulle, global head of innovation at Munich Re, says the insurance value chain is becoming more and more fragmented. External-link [Asian Insurance Review]


Opinion: Lloyd’s has reached a crossroads
Lloyd’s of London is a modern platform firmly anchored in its traditions, right down to the use of a quill to fill in the casualty book. John Gapper argues that it needs a shake-up if it is to enjoy a profitable future. External-link [Financial Times]


Italy hit by extreme flooding
The industry is reacting to heavy rain and storms over Italy, which have caused the death of ten people and damaged infrastructure. External-link [Insurance Insider]


Business interruption protection tops list of cyber cover
A new survey by Partner Re and Advisen has found that business interruption protection is the most popular form of cyber cover. External-link [Commercial Risk]


M&A activity at highest point since financial crisis
So far companies have largely defied economists’ predictions that Brexit would throw a spanner into the City’s big deals, but we shouldn’t get too excited just yet. External-link [Insurance Day]


Regulator hits Liberty Mutual with £5.3m fine
Liberty Mutual has been fined £5,280,000 for failings associated with its oversight of a third party that was processing mobile phone insurance claims and handling complaints. External-link [Financial Times]


Analysis: RenRe strengthened by TMR deal
RenRe has gained considerable clout as a fronting provider for ILS managers as well as become the fourth-largest Bermuda reinsurer. External-link [Insurance Insider]


BCG Partners buys Ed Broking Group
BGC has acquired 100% of reinsurance, wholesale and speciality broker Ed from Lightyear Capital. External-link [Intelligent Insurer]


Reading reinvented: the rise of the mini book
A new form of book, the size of a smartphone, with wafer-thin pages that are read horizontally and then flipped upwards, is poised to shake up the world of print. External-link [New York Times]


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