News
Surveillance deemed the 'last resort' in resolving issues with staff
Company surveillance of insurance industry staff by private investigators must be backed up with a thorough audit trail justifying the activity, according to experts in the field.
Markel merger given green light by High Court
A merger between Markel International and Markel Europe has been granted High Court approval.
Lancashire looks internally for CRO appointment
Lancashire Holdings has appointed group internal audit head Louise Wells as its group chief risk officer, effective 28 July.
Female millennials shun insurance over career progression fears
The insurance industry is failing to keep hold of talented female workers, or even attract them in the first place, due to a perceived lack of equal opportunities.
Companies must educate employees on 'major' licence changes
The elimination of the paper counterpart to the UK driving license will have a major impact on businesses and employees who drive company vehicles, according to Jonathan Dye, head of motor at Allianz Commercial.
RSA promotes Tiffany to legacy claims head
RSA has promoted development and commercial claims head for motor and injury Suzy Tiffany to UK legacy head effective 1 July.
ILS taskforce meets government for the first time
The industry task force established to work with government to investigate ways in which more Insurance Linked Security business could be attracted to London met with representatives from HM Treasury for the first time on Friday (5 June).
Reduced insurer payments behind 'modest' turnover rise at Perkins Slade
Birmingham-based broker Perkins Slade has attributed reduced service fee payments from insurers and soft market conditions for a modest 2% rise in turnover for the year ended 31 August 2014.
Dual launches M&A business in Frankfurt and London
Hyperion's underwriting arm Dual has launched a merger and acquisitions business located in Frankfurt and London.
Aviva relaunches broker training site
Aviva has launched a refreshed version of its online training site for brokers, the Aviva development zone.
Alps pitches product ratings as alternative to FCA claims ratios
Auto Legal Protection Services has suggested broker training and product ratings as alternative remedies to the Financial Conduct Authority's claims ratio conundrum for add-on products.
FCA appoints Sicsic as GI retail department head
Aviva group risk director and Oric International chairman Michael Sicsic has been appointed general insurance retail sector department head at the Financial Conduct Authority.
Travel insurance fraudster jailed
A council benefits officer who lied to insurers 28 times to gain £88,000 has been jailed for two years.
Aviva accused of 'struggling to understand' French law
Aviva has been accused of filing a futile lawsuit and being in denial about the severity of the situation it finds itself in in France.
CILA rejects proposals for surveyors to oversee resilient rebuilding
The Chartered Institute of Loss Adjusters has questioned proposals to train property surveyors in resilient rebuilding methods, claiming its own members are much more suited to the role.
Gallagher hires Rea as part of completed executive team
Former Towergate group chief operating officer Michael Rea is to join Arthur J Gallagher International as its chief operating officer.
Gauntlet gains 14 members in Q1 2015
Gauntlet Group added 14 appointed representatives to its network in the first quarter of 2015 which has resulted in the recruitment of Haley Thomas as appointed representative manager.
FCA hires new director of enforcement from Hong Kong's SFC
Mark Steward has been appointed as the Financial Conduct Authority’s new director of enforcement and market oversight, while Barbara Frohn will become its director of risk and compliance oversight.
Indian ocean 'provocations' risk increased piracy attacks
A perceived decline in the global piracy threat is leading some vessels to reduce risk mitigation measures, leaving them vulnerable to attack, according to a new report.
Axa scores highest in Brokerbility satisfaction survey
Brokerbility has completed its latest satisfaction survey of the key insurer partners servicing its broking members.
Allianz partners with FMG in fleet telematics deal
Allianz Commercial has partnered with FMG to give its fleet and motor trade policyholders access to FMG's telematics software ingenium dynamics at a discount rate.
Axa expands start-up fund to Asia and targets 100 million customers
Axa is expanding its investments in China, Hong Kong and Singapore as it targets 100 million customers by 2030.
Insurance quiz of the week - 5 June 2015
Do you know your cyber security breaches from your small business leader concerns?
FCA slams Lloyds Bank's ‘unacceptable conduct’ as it issues £117m PPI fine
Lloyds Banking Group today (05 June) received a landmark fine over its mishandling of Payment Protection Insurance Complaints.