News
Fitch affirms Lloyd’s IFS rating at AA-
Ratings agency Fitch has decided to confirm the Insurer Financial Strength rating of Lloyd’s and it’s Chinese operation at AA-, with a stable outlook.
Major claims expected from Cyclone Hudhud
Cyclone Hudhud, which hit East India on Sunday, has killed at least 25 people and caused disruption at major port Visakhapatnam.
Five year old explains insurance in Singapore MSIG YouTube advert
MSIG has launched a YouTube and television marketing campaign starring a five year old explaining insurance to his parents.
‘Constructive’ party conference season dialogue pleases insurance bosses
Flooding and cost of motor insurance and regulation top the agenda
Insurers risking FOS action by failing to clearly state travel insurance exclusions
Ebola crisis puts spotlight on Foreign and Commonwealth Office travel warnings
Jury still out on Tulloch’s long-term Aviva impact despite broker progress
Commentators assess Aviva UK and Ireland CEO’s first 12 months in the role
Delegated Acts publication boosts confidence in Solvency II go-live date
Analysts say pillar three needs ‘significant’ resources as insurers behind on this
Government urged to extend HSE remit to occupational road accidents
Insurers have called on the government to focus more closely on occupational road risk, with many urging the Health and Safety Executive to extend its remit to accidents involving fleet drivers.
Lloyd’s attempts to woo provincial markets to consolidate UK position
Market hoping to boost connections with brokers and MGAs outside London
Post Claims Event round-up
All the news from Post's Claims Event at the Victoria Park Plaza Hotel
Paymentshield adds Zurich to home insurance panel
Paymentshield has added Zurich to its home insurance panel amid plans to attract other insurers as well.
JLT swoops for Aon cyber expert Stephens
Aon’s head of cyber and commercial errors and omissions for EMEA Sarah Stephens will take on the role of head of cyber, technology and media E&O at JLT Specialty’s Financial Lines Group in January 2015.
Covéa hires ex-Groupama boss Bird following broking venture
Former Groupama underwriting and claims director Phil Bird has joined Covéa Insurance where he will lead the insurer’s personal lines underwriting department.
Hiscox returns to TV with new home insurance campaign
Specialist insurer Hiscox has launched a new television campaign, with the strapline ‘as your home becomes more important, so does your insurer’.
Furniture giant Ikea enters insurance market
Homeware retailer Ikea has entered the Swedish insurance market selling child and pregnancy policies with a trial of home insurance products planned for the coming weeks, according to reports.
Travelers business development manager Cole moves to Generali
Generali Global Corporate and Commercial UK has appointed Travelers’ business development manager James Cole as client and broker relationship manager.
Quindell boss Terry considers selling units amid struggling share price
Quindell will make moves to sell parts of the business if its share price does not improve after chairman Rob Terry claimed the outsourcer was “four to five times undervalued”.
Deakin to lead Gallagher retail business as Blanc departs
Arthur J Gallagher retail CEO Peter Blanc has exited the firm following the integration of the Oval business, with his role passing to chief operating officer Janice Deakin.
Dual welcomes new insurers after unveiling $425m quota share vehicle
Hyperion underwriting arm Dual has introduced a worldwide binder structure that brings $425m (£264.7m) of non-US international capacity together in a quota share vehicle.
Claims satisfaction not enough to guarantee customer loyalty
Good claims settlement experience is not enough to secure customer loyalty, but poor claims experience can spur customers to switch insurance providers, according to research by Accenture.
Case managers to seek chartered status
UK case managers are planning to seek accreditation and, ultimately, chartered status in order to get recognition of the practice as a distinct set of competencies and skills.
RSA makes senior regional appointments
RSA has promoted Bruce Hanwell to liability portfolio lead (south).
Ecclesiastical appoints Phillips as group programme director
Ecclesiastical has appointed Jonathan Phillips to the newly created role of group programme director.
One fifth of European insurers not using technology to fight fraud
More than half of European insurers using business analytics saw detected fraud increase by more than 4% year-on-year, according to research from software firm SAS.