Commercial
Market moves: Insurance takes the initiative
Last week saw the recruitment initiative wrestled back from the broking sector, with the majority of hires coming from within the insurer space. Headline appointments in that sphere came thick and fast in the form of a changing of the guard at Catlin…
Roundtable: Future Technology - How can insurers keep pace with technology?
The onward march of social media and mobile technology pose imminent challenges for insurers over utilising publicly available data, not to mention much more radical prospective shifts in risk transfer on the horizon
Broking Focus: Bespoke tailoring
Biba’s wants the strategic review of its operations by Deloitte to produce a trade body fit to compete alongside the strongest organisations in the 21st century
Interview: Rob Terry: tackling the problems
Approaching insurance from a technological background, Quindell’s Rob Terry is looking to tackle the dysfunctional motor market and shake up the status quo
News Review
A review of news stories that broke this week
Former HSBC Insurance duo poised for £50m drive with motor start-up
A new motor start-up, fronted by a duo of former HSBC Insurance UK executives, has been tipped to make a major play for the broker market in the second half of the year, underwriting up to £50m of business by the beginning of 2013.
Summers third-party claims judgment leaves door open for industry victory
Zurich has been credited with helping the insurance industry win the war against grossly exaggerated third-party claims, despite losing its battle in the Supreme Court.
Hardy boss looks to the future after restructure and sale are finalised
Hardy chief executive Barbara Merry has said the business can now “look to the future”, following a restructure of its property treaty book and conclusion of its sale to US insurer CNA.
Online this week - top ten stories
The top 10 stories from www.postonline.co.uk
Your say: Changing deafness climate
Tom Jones’s recent article (‘Selective insurer hearing’) suggests the insurance industry is turning on deafness claims in a ‘let’s bash the victim’ onslaught, with the prime aim of protecting funds at the expense of the injured.
Capita hires National Australia Bank boss Holm as commercial director
Capita Insurance Services has appointed former National Australia Bank head of insurance John Holm as commercial director.
Watch now: Optimising pricing and underwriting data webinar
In an increasingly competitive insurance market, underwriters’ work is only as good as the data at their disposal.
RICS proposes changes to PI contracts for surveyors
The Royal Institution of Chartered Surveyors has proposed changes to professional indemnity insurance arrangements for surveyors who carry out valuations.
Axa Corporate Solutions CEO takes Asia job
Axa Corporate Solutions UK chief executive Emmanuel Nivet is to become CEO of Axa Affin General Insurance in Malaysia.
RSA considers expansion in Indonesia, Malaysia and the Philippines
RSA may consider opportunities to expand its presence in Indonesia, Malaysia and the Philippines following an Asian restructure last week.
Aviva completes deal with Guidewire on commercial business
Aviva has selected Guidewire's PolicyCenter as its new underwriting and policy administration solution, and ClaimCenter for its core UK commercial business.
Chartis brand to be dumped as AIG returns to P&C market in the autumn
AIG is to resume using the brand it dropped in favour for Chartis for its international property and casualty business.
AA inundated with claims after freak hail incident
AA Insurance has received 29 claims for cars damaged by hail in and around Leicester today.
Rate hardening slows in second quarter
The global insurance market hardened in Q2 2012 for the fourth consecutive quarter, albeit at a slow rate, according to Marsh.
O'Neill to remain in Marketform top role
Specialist Lloyd's insurer Marketform Managing Agency has confirmed that interim chief executive John O'Neill, pictured, has taken up the position on a permanent basis.
Market moves: Brokers lead the recruitment charge
Another action-packed week in terms of recruitment saw the vast majority of movers and shakers switch roles in the broking market.
Travelers makes redundancies in Surrey as work is transferred to regional offices
Travelers has confirmed it is making redundancies in its Surrey headquarters as part of a restructure that aims to push greater underwriting authority out to its UK regional network and closer to its broking partners.
Roundtable: How can fraud be halted at the underwriting stage?
There has long been a focus on fighting fraud at the claims stage, but could more be done to discourage would-be fraudsters at an earlier juncture?
View from the top: Call for creative collaboration
As priorities for business change, insurers must make sure they do not become irrelevant, says Andrew Horton.