News
Personal lines brokers told to shore up data defences after Aviva breach
PRA and FCA expected to increase scrutiny of data protection systems.
Brokers warned to scrutinise TOBAs ahead of new employers’ liability rules
Insurers could pass on fines to firms failing to obtain employee reference numbers.
Soft rates stall motor insurance IPOs after Esure falters
SNL Financial says ‘no bottom in sight’ for motor pricing.
Singapore's GI business worth S3.5bn in 2013
Total general insurance gross written premiums in Singapore were S$3.5bn ($2.77bn) last year up 5.4% over 2012 according to the General Insurance Association of Singapore.
Suncorp raises concerns over IAG's Lumley acquisition
Australian financial group Suncorp which owns general insurer Vero in New Zealand has serious concerns about IAG's potential acquisition of Lumley in the country.
Flood Re changes 'arbitrary' claims BPF
Changes to include blocks of three or fewer flats into Flood Re are “arbitrary” and “difficult to understand” according to the British Property Federation.
Halo launches French retail site
Halo Insurance Services has launched a retail site in France selling excess car hire insurance direct to the customer.
Allianz agrees to pay missing plane claim
Allianz has agreed to pay the hull and liability claim for Malaysia Airlines flight MH370, despite ongoing uncertainty about the fate of the aircraft along with its passengers and crew, Post understands.
Ecclesiastical appoints Hutcheon to lead Australian business
Ecclesiastical has appointed Warren Hutcheon as chief executive of its Australian business Ansvar.
JLT Towers Re Bermuda launches following acquisition
JLT Towers Re has launched a combined operation in Bermuda following JLT Re’s acquisition of Towers Watson Re’s global operations.
Nixon pockets £129.5m from Moneysupermarket share sale
Moneysupermarket co-founder Simon Nixon is cashing in another £129.5m of shares, representing a 12.9% stake in the business.
Advent appoints Cooke as cargo underwriter
Lloyd’s insurer Advent has appointed Gary Cooke as a cargo underwriter in its marine division.
Malaysia Airlines loss at least $500m says Credit Suisse
A Credit Suisse report has estimated the total insurance loss of Malaysia Airlines flight MH370 at between $500m (£301m) and $600m.
Aviva publishes customer reviews online
Aviva is publishing customer car and home claims service reviews on its website, giving buyers the opportunity to see how others rate the insurer before buying its products.
Macau and China combined motor policies unlikely
The chairman of the Monetary Authority of Macau Anselmo Teng Lin Seng has said single motor policies for cars with dual Macau and Guangdong registration plates are unlikely to gain approval.
QBE rebrands and expands in Philippines
QBE's Philippines majority owned business QBE Seaboard has received its operation license from the Insurance Commissioner’s Office and is expanding its number of branches.
Ace Life appoints Asia-Pacific regional partnership officer
Ace Life, the global life insurance division of Ace Group, has appointed Graeme Pearson as regional chief partnership officer in Asia-Pacific.
Aon pair jump ship to join Miller marine team
Miller has appointed Heather Clarkson and Rick Kerr in a bid to bolster its marine hull business production, broking and account handling capabilities.
Covéa looks to Zurich for personal lines hires
Covéa has appointed two Zurich employees as key account managers in its personal lines distribution team.
Insurers urged to engage customers or risk losing them to rivals
Customers are acutely sensitive to negative experiences with insurers and many would write off a provider after a single bad experience, according new research by Thunderhead.
Allianz promotes White to engineering role
Allianz Engineering has appointed Claire White to engineering underwriting account manager.
Cunningham Lindsey launches fleet repair network
Cunningham Lindsey has launched a motor repair network for the fleet market which includes access to 80 repair centres across the UK.
Ex-Which? Money editor launches Fairer Finance campaign group
The former money editor of Which? has unveiled a new consumer campaign group targeting banks and insurers.
Eric-insured flood victim denied payout
A Wiltshire flood victim has been denied an insurance payout because the policy was underwritten by unlicensed Icelandic insurer European Risk Insurance Company.