week commencing 01/04/18:

It’s been another short week, and one in which our clothes have become a little tighter after a long weekend of delicious overindulgence. The Easter holidays may be in full swing but the insurance industry never sleeps, so be sure to peruse our pick of the week’s headlines to stay abreast of the conversation.

For sale sign over Aspen
It emerged this week that Aspen is getting ready to run a bid process and is already engaged in talks with several prospective buyers. External-link [Insurance Insider]

Change coming to China according to new regulator
China’s new banking and insurance regulator heralded a new era in his opening statement, promising reform and opportunities for foreign investment as well as a crack-down on high levels of financial risk and bad debt. External-link [Commercial Risk]

Opinion: How will Amazon affect the industry?
The entry of the world’s biggest company into the insurance market is sure to rattle some cages, but will it change the game? Jordan Lynn argues that the impact on brokers will be limited but ripples are sure to be felt in the wider market. External-link [Insurance Business Magazine]

Walmart eyes up insurance industry
Fresh from the news of an incoming industry shake-up from Amazon come reports that American giant Walmart is considering entering the ring in a potential joint venture with US health insurer Humana Inc. External-link [Insurance Business Magazine]

Class action lawsuits set to impact cyber insurance market
An industry expert is warning that class action lawsuits brought by shareholders could soon bring a storm to the fledgling market. External-link [Insurance Business Magazine]

Mergers on the horizon for Lloyd’s minnows?
As we enter Q2, will the safety of a merger beckon for Lloyd’s smaller or struggling players? A spate of sales could revitalise the market. External-link [Insurance Day]

AXA CEO to join Zurich
Amanda Blanc will leave Axa to replace Gary Shaughnessy as CEO Europe, Middle East & Africa at Zurich Insurance Group. External-link [Insurance Age]

The nation’s gender pay gap revealed
The data is in, and it’s revealed an average gender pay gap of 22.2% for the finance and insurance sector. To bring the statistics to life in an inescapably eye-opening way, The Guardian has revealed the exact point in the year at which the nation’s biggest companies stop paying their female employees compared to their male colleagues. Spoiler: the first company falls in February. External-link [The Guardian]


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