week commencing 17/06/18:

This week’s news comes to you from a jubilant Luther Towers, now officially home to Reactions’ Marketing and PR Team of the Year! We couldn’t have done it without you…

EU insurance regulator to support insurtech
Industry start-ups and entrepreneurs had cause to celebrate this week when the EU’s insurance watchdog said it will support the development of innovation and new technology in the sector.  [Law 360]

PRA: state of London Market raises concerns
The regulator has expressed concern over the state of the market, with the deterioration of reserves, prices and discipline becoming ever more evident.  [Insurance Day]

Simon Matson to be next AJ Gallagher UK CEO
Simon Matson will succeed Grahame Chilton as CEO of AJ Gallagher UK later this year.  [Insurance Insider]

AIG: reputation, reputation, reputation
Ten years ago, AIG was on the brink and needed a $185 billion state bailout. A decade on it is chasing deals but investors haven’t forgotten its past.  [Financial Times]

A happier hurricane season on the way
Insurers (and the people of Central and Southern America) breathed a sigh of relief this week as a respected meteorologist said the current outlook is for a far less destructive hurricane season than last year.  [Insurance Insider]

Brexit: disruption coming to financial contracts as time ticks down
With Brexit day rapidly approaching, insurers and banks now don’t have sufficient time to rewrite the £26 trillion of derivatives and £36 million tied up in insurance policies.  [Financial Times]

RSA feels the loss of Glasgow School of Art after fire
The destruction of the Glasgow School of Art, which was razed to the ground by fire last week, could bring losses of £100 million.  [Insurance Post]

Allianz: the art of the deal
Oliver Baete, CEO of Allianz, is looking for his next big deal but he does not want to pay for it. In a recent interview with the Financial Times he raised the idea of a ‘merger of equals’, but would that really work?  [Bloomberg]

Slackers are the most productive people of all
In good news for bored employees everywhere, questions are being asked about whether our “go go” office culture is really the best way to wring productivity out of every worker.   [Wired]


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