News
Clayden pledges claims overhaul after axing quarter of solicitor panel
QBE’s claims director Dominic Clayden has told Post he will overhaul the insurer’s claims handling after completing a review that saw QBE shrink its solicitor panel by a quarter.
Foil names Northern Ireland executive representatives
Sean McGahan and Leonard Edgar have been appointed as Northern Ireland representatives to the executive committee of the Forum of Insurance Lawyers.
Keelan Westall adds three products to e-trading platform
Hampshire-based broker Keelan Westall has added three products to its residential risks e-trading platform including cover for blocks of flats and a new product for property owners.
RK Harrison sees 44% boost to 2012/3 pre-tax operating profits
RK Harrison has recorded a substantial year-on-year jump in pre-tax operating profits for the year ended 30 June 2013, with figures leaping from £15.8m to £23.7m.
CGSC boss Esser responds as firm's rating outlook slips
Cooper Gay Swett and Crawford chief executive Toby Esser has welcomed Standard and Poor’s decision to maintain its B credit rating, despite a challenging operating environment seeing the firm’s outlook slip to negative.
Bima set to expand in Asian and Lat Am markets
Emerging markets mobile insurer Bima has raised an additional $22m (£13.2m) to support its expansion into several new markets in Africa, Asia and Latin America.
Private healthcare report expected to boost market competition
The Competition and Markets Authority’s final report to revive the private healthcare market has today set out a series of legally binding actions to help promote competition among private hospitals and doctors.
Climate change outlook sparks calls for increased government flood spend
A report predicting a dramatic increase in European flood risk exposure due to climate change has prompted calls for the UK government to up its spending on flood defences.
Five dead as 8.2 magnitude earthquake hits Chile coast
A tsunami warning is in place for the Pacific coast after a 8.2 magnitude earthquake occurred last night around 80km off the coast of Chile.
Deakin insists retail CEO Blanc is in it for the long haul as AJG buys Oval
Commercial director hoping for third time lucky after Colosso and McManus exits
High-profile motor withdrawal touted after another tough year for the market
Analysts suggest further regulatory scrutiny could exacerbate sector’s troubles
Rehabilitation-only personal injury whiplash debate fails to gain traction
Insurers highlight claims time frames as area of major concern
Industry questions FCA’s decision to probe commercial claims handling
Regulator reveals more thematic reviews to be undertaken in 2014/2015
CHO boss says ‘self interested’ insurers are hampering fight against fraud
DAC Beachcroft estimates credit hire fraud is worth up to £75m a year
Gallagher to axe Giles brand in May
Arthur J Gallagher is planning to drop the Giles brand in two months, with the Oval name set to disappear further down the line, commercial director Janice Deakin has told Post.
Enstar completes Torus acquisition
Enstar Group has completed the previously announced acquisition of global specialty insurer, Torus Insurance.
Osborne slams FCA over leaked review details
Chancellor George Osborne has written to the Financial Conduct Authority to express frustration after the leaking of market sensitive details by the watchdog led to a sharp drop in insurer share prices, the Financial Times reported.
Gallagher acquires Oval for £199m
Gallagher has completed a deal to acquire Oval for £199m, with Peter Blanc serving as Gallagher’s new chief executive of UK retail.
Endsleigh MD Passmore makes way as Zurich streamlines structure
Zurich has revealed that UK managing director for personal lines Tim Holliday will lead combined personal lines and Endsleigh businesses following the integration to a single management structure.
Bradshaw takes Biba consultancy role
Barbara Bradshaw has moved to a consultancy role at the British Insurance Brokers' Association focusing on member engagement and contributing to the smaller brokers' advisory board.
The Jackson reforms one year on: What impact have they had?
The Jackson reforms were implemented a year ago through the Legal Aid, Sentencing and Punishment of Offenders Act 2012.
April Fool’s: No telematics deal in the pipeline for cyclists
While there may be some truth in there being a long-running battle between motorists and cyclists on Britain’s roads – it will not be solved by a telematics offering from a major motor insurer.
London market insurer WR Berkley plots regional expansion
WR Berkley Europe has revealed plans to expand its UK distribution channels via open market, online and schemes with a view to providing the firm with increased access to regional business.
Chubb appoints Barr as environment head
Chubb has appointed David Barr as European environmental manager.