News
Ageas claims employee jailed for fraud
An Ageas employee has been jailed for three years and four months for defrauding his employer out of £271,489 in order to finance his gambling habit.
Insurers ‘will need to assess’ safety of driverless cars handover systems
Driverless car manufacturers should consider installing ‘phased handover’ functions to minimise the disruption when vehicles switch from autonomous to manual driving.
Declines in global insurance pricing slow in Q1: Marsh
Global insurance rate decreases moderated for the fifth consecutive quarter, down 2.3% in the first quarter of 2017 compared with the previous quarter’s 3.1%, according to Marsh.
Atradius appoints Geller to head London underwriting team
Gary Geller has been appointed as the London underwriting team head for global trade credit insurer Atradius' special products unit.
Gen Re boss appointed MD for Guy Carpenter Benelux
Hans van Oort has been appointed as the managing director of Guy Carpenter Benelux and will be responsible for leading the company’s presence in Belgium.
In Depth: The GDPR time bomb
The implementation date of the General Data Protection Regulation is less than a year off but the industry’s attention is elsewhere, with issues like Brexit, the General Election and the discount rate looming large on the horizon
Penny Black's Social World - June 2017
Clicking, cleaning and 141 cars
Insurance Premium Tax rises to 12%
Insurance Premium Tax has today risen from 10% to 12% as outlined by Chancellor Philip Hammond in November.
Thatcham chief technical officer Miller to retire
Thatcham Research’s chief technical officer Andrew Miller is set to retire.
Insurers should better explain cyber pricing to customers, survey finds
Seven out of 10 firms said insurers should do more to explain how they price cyber risk, according to a survey.
FCA names Keith Jackson as director of GI
Aon’s chief risk officer Keith Jackson has been appointed to the role of director of general insurance and protection at the Financial Conduct Authority.
EU gets go ahead to sign covered agreement with US
The European Council has approved the signing of the covered agreement with the United States that would harmonise insurance and reinsurance regulation on both sides of the Atlantic.
FM Global chooses Luxembourg for post-Brexit hub
FM Global has been granted a license to operate in Luxembourg as the commercial property insurer looks to establish a post-Brexit base on the continent.
Aviva detected £85m in insurance fraud last year
Aviva detected £85 million of insurance fraud last year and recorded a 9.5% increase in the number of fraudulent claims.
Post to launch Mumbai Insurance Club
The inaugural Mumbai Insurance Club will be on 15 June.
New South Wales defers fire and emergency services levy
Australia's insurers are calculating the cost of a political decision to delay the introduction of a fire and emergency services levy in New South Wales on 1 July.
Verisk rolls out property data tool for Hong Kong
US-headquartered data and technology firm Verisk Analytics is offering access to detailed property data for Hong Kong.
Swiss Re Corporate Solutions appoints Rake as CEO Asia-Pacific
Swiss Re's insurance arm has promoted its head of South East Asia Jonathan Rake to head of Asia-Pacific.
Allied World launches UK commercial division
Allied World has launched a UK commercial division and appointed Darren Rowe as vice president.
Neos investment will not disrupt partnership with Homeserve, Aviva says
Aviva Ventures’ latest investment into Neos will not affect its standing relationship with emergency repairs service Homeserve.
IPT rise pushes home premiums up despite lower winter claims
Insurance Premium Tax increases have led to a rise in home insurance premiums despite claims over the winter period being lower than in previous years.
Post People: 30 May - 02 June
The latest people moves from the insurance industry.
In Depth: Claimant lawyers move from whiplash to holiday illness claims
Proposed whiplash reforms are likely to be tough on claimant law firms. Many are carving out a niche in holiday destinations for gastric illness claims.
McAdams promoted at XL Catlin to global role
XL Catlin UK and Ireland marine leader Rob McAdams has been promoted.