- July 5, 2019
- Posted by: lutherpendragon
- Category: Insurance news
week commencing 30/06/19:
In a week where Kylie ruled Glastonbury, Cori eclipsed Venus at Wimbledon, and tea-sipping Alex ruined England’s World Cup, Amanda topped the insurance headlines. Read on for our pick of the rest of this week’s news.
Amanda Blanc leaves Zurich and steps down as ABI chair
Amanda Blanc has left her position as head of Europe, Middle East and Africa at Zurich, despite only taking up the position in October. . [Reuters]
FWD Group snaps up MetLife Hong Kong
FWD Group’s acquisition of MetLife is the latest in a series of recent activities which has seen the firm hoovering up insurance assets across Asia. . [Financial Times]
Lloyd’s could be double its current size, says CEO
CEO John Neal believes Lloyd’s prospectus proposing a series of new initiatives is garnering interest globally, reinvigorating trading relationships and could, in theory, double the market’s current size in terms of premium. . [Insurance Day]
Chubb to ban cover for coal companies
Chubb has become the latest in a list of insurers – including Axa, Allianz, Zurich, Swiss Re and Munich Re – to announce measures to divest from coal or to stop selling cover to companies involved in its production and use. . [Intelligent Insurer]
MGA capacity set to grow but carriers split on direction of travel
Fourth fifths of carriers expect to increase MGA capacity in 2019, dispelling concerns that competitive and regulatory pressures might be about to burst the MGA bubble. . [Insurance Insider]
Demand for cyber insurance is on the rise in Europe
Increased broker awareness, GDPR and a spate of high-profile hacks are driving demand for cyber cover in the non-US middle-market segment. . [Insurance Day]
Reinsurers now see Saudi Arabia as a major hub in the Middle East
Premium growth in Saudi Arabia has outpaced the rest of the Gulf Cooperation Council over the past five years and the kingdom is now a major reinsurance hub in the MENA region. . [Middle East Insurance Review]
Danish regulator disputes Gefion’s reported solvency ratio
The Danish Financial Supervisory Authority has pegged Gefion’s solvency ratio as just 105% at May 2019, rather than the 130% the company has claimed. . [Insurance Age]
Have you woken up?
If you are struggling to keep up with the language of gender, this article on woke speak may help. . [Financial Times]
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