week commencing 03/06/18:

A week of wide-ranging news from the world of insurance – but for all of us media mavens, the Gavin Williamson interview proved definitively that the old trick of answering the question you wish you were asked, rather than the one you are being repeatedly asked, just gets the big thumbs down! An interview made even more surreal by elephants wandering in the background…

Insurance for Grenfell cladding: who pays?
With the one-year anniversary of last summer’s horrific inferno at Grenfell Tower approaching, confusion is rife between homeowners and insurers over who is liable to pay for the replacement of cladding.  [Insurance Day]

Canopius pulling back from PI and FI in London
Global insurer Canopius is set to exit its financial institutions (FI) and professional indemnity (PI) lines in London.  [Re-insurance]

Can Insurtech transform attitudes to insurance?
Poll ten people in the street on the first word that comes to mind when you say “insurance” and chances are most won’t be complimentary – issues of trust or simply disinterest are common. Can insurtech change that?  [Insurance Thought Leadership]

Anti-discrimination charter to be introduced
UK insurance CEOs will soon be required to deal with issues like sexism and homophobia in their organisations thanks to a new anti-discrimination charter.  [Insurance Insider]

ZhongAn caught in bubble fears
Chinese insurtech ZhongAn is currently suffering as a result of bubble worries, with shares 46% lower than their high in autumn last year.  [Financial Times]

Howden promotes from within for new CEO
The current CEO of Howden Iberia, José González, will take over as CEO of Howden Broking Group from October this year.  [Re-insurance]

Amazon sends stocks tumbling with home insurance rumours
A report saying that Amazon is seriously considering launching its own home insurance hit European stock prices on Wednesday.  [Reuters]

MS Amlin set to close Lloyd’s India branch
It only opened in April last year but the Lloyd’s India branch is shutting up shop.  [Insurance Insider]

JLT: Florida renewals disappointing
The broker reported a 1.2% rate increase and said the first half of 2018 saw more than $10 billion growth in the reinsurance sector.  [Insurance Insider]

This interview is over: Defence Secretary “terminated” live on air
GMB’s Richard Madeley became an unlikely hero last week when he cut off an evasive Gavin Williams live on air. The Defence Secretary dodged a question over his “go away and shut up” advice to Russia four times before Madeley’s (and viewers’) patience ran out and the interview was terminated. The decision was met with widespread support and Twitter erupted with glee.  [The Telegraph]


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