Articles by Carolina Parra-Serrano
ABI welcomes opportunity to reshape regulator-industry relationship
The Association of British Insurers has welcomed the opportunity to reshape the relationship between the industry and its regulators as the Financial Services Authority is due to be replaced by two new regulatory bodies.
BGL promotes Winslow and Donaldson
Peter Winslow has been promoted to executive chairman of BGL Group and will be succeeded as chief executive by chief operating officer Matthew Donaldson, effective from 1 July.
FCA will carry on FSA’s temporary product intervention rules
The Financial Conduct Authority will carry on the Financial Services Authority approach to temporary product intervention.
Hiscox launches counter terrorism team
Hiscox has launched a dedicated counter terrorism team after making several new appointments to its terrorism underwriting team.
Questgates launches subsidence hub service
Two former Merlin employees have helped Questgates develop, manage and launch a new subsidence hub service.
Quindell acquires medico-legal service provider
Quindell has acquired Isaas Technology, a cloud-based software service provider to the medico-legal and legal services in the UK and overseas, for £1.34m.
Wheatley tells firms ‘no need to be afraid of the FCA’
Martin Wheatley, chief executive of the Financial Conduct Authority, has vowed to take a less aggressive tone than its predecessor in its dealings with regulated firms.
Bought By Many collaborates on diabetes travel policy
Bought By Many has launched a travel policy for people with diabetes through a partnership with Free Spirit Travel Insurer.
Allianz recruits property underwriter manager from AIG
Allianz Commercial has appointed Anneke Sims to the position of manager, property underwriter.
Crawford launches smartphone app
Crawford Global Technical Services has launched a mobile app that enables insurers, reinsurers, brokers and corporates to search for and appoint the loss adjuster of their choice.
DLG's Paul Geddes received £760 000 bonus in 2012
Paul Geddes, Direct Line Group chief executive, received a £760 000 bonus in remuneration for his performance during 2012.
RSA seeks to improve customer services with new role
RSA has appointed John Elliott to the newly created role of personal lines customer services director.
Ecclesiastical calls for double-digit rate rises
Ecclesiastical’s UK managing director Steve Wood has admitted parts of its liability book could see rate increases in excess of 50% in 2013.
Ecclesiastical COR deteriorates while profits grow
Ecclesiastical’s combined operating ratio deteriorated by three percentage points year-on-year to 108.5% in 2012 against an underwriting loss of £24.6m (2011: £18.7m) and challenges arising from non-core business lines.
Government slashes flood-defence funding further
The government has cut the budget for maintaining flood defences and clearing rivers from £68m to £39m, flooding Minister Richard Benyon revealed in a parliamentary written answer.
FCA unveils three chairmen for practitioner panels
The Financial Conduct Authority has appointed three chairmen to lead the independent panels which will dictate the new regulator’s policies and practice from the point of view of regulated firms.
Middle East enters 'new order' after Arab Spring
Political risk across 13 countries has eased in the post-Arab Spring world according to Aon’s annual political risk map.
IFB helps build 25 high-impact crash-for-cash cases
The Insurance Fraud Bureau helped build 25 high-impact crash-for-cash cases in collaboration with Duran Police’ Operation Nacho.
Lawyers question post-Jackson litigation potential
Lawyers have questioned whether the introduction of costs budgets for claims disputes in court might lead to further litigation in cases where insureds feel their claims history has been affected.
HSB Engineering Insurance strengthens underwriting team
HSB Engineering Insurance has appointed Roland Agard as partnership and account underwriting manager.
Zurich calls for advance way of diagnosing whiplash
Zurich has welcomed the Transport Select Committee’s inquiry into whiplash and called for a more advanced way of diagnosing and proving whiplash injuries.
DAS ready for new legal world with three new ATE products
Legal expenses insurer DAS plans to launch three new after-the-event products in April in response to a raft of new legislation.
IFB and Acpo to share fraud intelligence
The Insurance Fraud Bureau and the Association of Chief Police Officers have signed an agreement to share intelligence on organised criminal gangs and combat insurance fraud.
Lockton recommends reservation of rights clause
Broker Lockton has told its clients to add a clause to their insurance contracts to help counteract negative effects of the reservation of rights by insurers.