week commencing 30/09/18:

Theresa May as dancing queen to ABBA? Brave PR triumph or did you reach for the off switch in horror? Luther Towers has been debating the pros and cons while compiling this week’s news. 

Aspen secures new CEO
Brit’s Mark Cloutier is to join Aspen as CEO upon the completion of its sale to Aspen.  [Insurance Day]


RSA to make changes following Q3 results
Following its announcement last week of its Q3 £70m UK underwriting loss, RSA Group CEO Stephen Hester has said that the insurer is to make changes to its pricing and consider reshaping its portfolio. External-link [Insurance Age]

India considering foreign ownership rule change
Seeking to boost its domestic insurance market, the Indian Government is said to be reconsidering the 49% cap on foreign ownership in the sector. External-link [Commercial Risk]

Takeovers herald change of tone at the top
The market’s ownership profile is rapidly changing as high numbers of takeovers see underwriting capacity transferring to new or more concentrated hands. External-link [Insurance Day]

Hong Kong eyes Belt and Road opportunities
Hong Kong is looking at the Belt and Road Initiative and the opportunities it will provide as a way to boost its industry status and become an insurance and risk management hub. External-link [Commercial Risk]

Coverys CEO expands on growth plans
Coverys CEO Robin McCoy has outlined the managing agency’s growth plans for its Lloyd’s business. External-link [Insurance Post]

CNA Hardy withdraws from three Lloyd’s classes amid restructure
With CNA Hardy undergoing a restructuring process and the departure of its underwriting chief, the carrier has announced that it is exiting three Lloyd’s classes. External-link [Insurance Day]

Report: acquisitions losing ground to insurtech collaborations
Industry disruptors are spurning acquisition as a means of development in favour of collaborations, with new players partnering with established names on a “solution-as-a-service basis”. External-link [Global Reinsurance]

RenRe enjoys 5% share boost
Bermudian carrier RenRe’s management is resisting calls from an activist investor to take advantage of the current market consolidation and sell. External-link [Insurance Day]

King’s College investigates the business brain
The Entrepreneurship Institute at King’s College London has partnered with the college’s Institute of Psychiatry in search of an answer to one of big business’ big questions: can entrepreneurship be taught? External-link [Financial Times]


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