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Canada’s Western Financial Group Acquires Ontario Broker, Axion Insurance
Western Financial Group Inc. announced that it has acquired Axion Insurance Services Inc. of Ontario. The acquisition was completed on June 19, 2018 and will add 10 Ontario-based locations and approximately 60 insurance experts to Western’s existing network of insurance …

POSTED JUNE 25, 2018 10:37 AM
Modernization, Underwriting Systems & Brexit Top COO Priorities: Lloyd’s Market Assn.
Market modernization, underwriting systems upgrades and Brexit preparations are the top three 2018 priorities of Lloyd’s market chief operating officers (COOs), a survey commissioned by the Lloyd’s Market Association revealed. The survey’s research findings include: Within market modernization initiatives, delegated …

POSTED JUNE 25, 2018 10:14 AM
Thousands of UK Jobs at Risk over Slow Brexit Negotiations, Business Groups Caution
Prime Minister Theresa May faces a new onslaught over her Brexit plans from corporate Britain, after the U.K.’s five main business lobbies urged her to make progress in the negotiations or risk losing jobs and investment. After facing down a …

POSTED JUNE 25, 2018 9:58 AM
AXA Belgium Partners with Online Car Repair Platform Fixico
AXA, the Paris based insurance & asset management firm, and Fixico, a platform for cosmetic car repairs, after several months of joint testing, have just started to provide AXA’s customers in Belgium with an innovative and fully-digital damage handling proposition, …

POSTED JUNE 25, 2018 9:43 AM
Fidelis’ MGA Firestone Rebrands to Oakside
Fidelis Insurance announced it has rebranded its managing general agent (MGA), Firestone Surety Ltd., to Oakside Surety Ltd. London-based Oakside is focused on the small and medium-sized enterprises sector of the surety market and is managed through Pine Walk Capital …

POSTED JUNE 25, 2018 9:26 AM
Australia’s Scandal-Ridden CBA Overhauls Business, Eyes Sale of Insurance Arm
Commonwealth Bank of Australia said it would hive off its wealth management and mortgage broking businesses, and explore whether to divest its general insurance arm, as it narrows its focus down to traditional lending. Australia’s biggest bank also unveiled a …

POSTED JUNE 25, 2018 9:10 AM
Saudi Women Finally Hit the Road as Driving Ban Ends
They hit the road in celebratory packs, whooping and ululating for joy. Teenagers gathered on Riyadh’s main boulevard to gawk. Men cracked jokes about how lucky they were to no longer have to chauffeur their wives around. Saudi Arabia’s infamous …

POSTED JUNE 25, 2018 8:55 AM
Uber Girds for Court Battle to Continue Operating in London
In a TV ad currently airing in the U.K., a young woman leaves a bar alone and prepares to step into an Uber. “I know his license number and he’s made 3,000 trips and speaks four languages,” she says to …

POSTED JUNE 25, 2018 8:43 AM
USG Insurance Services Launches E-Cigarette, Vape Store Program
USG Insurance Services, Inc. has launched an exclusive e-cigarette and vape store program through its programs division, Allied American Underwriters. The program offers several coverages for a wide range of classes, including: distributors, wholesalers, importers/blenders, retailers, e-liquids & e-juices, e-cig …

POSTED JUNE 25, 2018 4:19 AM
California Workers’ Comp Rating Bureau Exploring Blockchain, Behavioral Science
One wouldn’t normally associate blockchain with workers’ compensation, two completely different industries that seem worlds apart. But as it turns out, the technology is of value to at least one very important entity in the space. The Workers’ Compensation Insurance …

POSTED JUNE 22, 2018 6:18 PM

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