News
Law Society launches helpline for riot victims
The Law Society has launched a dedicated telephone helpline to direct the victims of the riots to free legal advice.
Financial services firms expect to grow
Financial services companies with annual revenues of up to £20m expect to increase their turnover by an average of 108% in the next five years, according to Santander Corporate Banking.
Motaquote aims for telematics push following branch closures
Motaquote managing director Nigel Lombard has vowed to bolster the firm’s telematics business, while also pledging to maintain a “strong community presence” following the closure of seven high-street branches in South Wales.
Chubb poaches from Hiscox for HNW
Chubb Insurance has poached Kate Gower as senior underwriter from Hiscox’s art and private clients division where she was senior development underwriter.
Travel insurers face £275m annual bill
Figures released by the Association of British Insurers has shown that the cost of falling ill abroad has hit a record high, as travel insurers helped a record number of people needing emergency medical treatment while overseas.
Two firms appointed to manage uninsured riot claims
Claims made by uninsured members of the public following the recent outbreak of rioting will be jointly managed by Crawford & Company and Cunningham Lindsey.
Mercer names investment management head for EMEA
Michael Dempsey has been appointed head of Mercer’s investment management business for Europe, Middle East & Africa (EMEA) and a member of the firm’s EMEA executive team and its global investment management leadership team.
US insurers voice concern as Solvency II equivalency is raised
Connecticut insurance commissioner Thomas Leonardi has cautioned fellow regulators and other industry members that adoption of European regulatory changes, Solvency II as currently proposed could weaken consumer protections and stability of insurers in…
IIF warns of Solvency II implications on insurers' capital funding of banks
The Institute of International Finance has called for greater cross-sectoral coordination in developing regulatory reforms.
Congregational & General sells majority stake in Integra to Hannover Re
Church insurer Congregational & General Insurance has sold a majority share of its subsidiary Integra Insurance Solutions to Hannover Re. FSA approval has been granted.
Württembergische appoints Charles Taylor for static claims
Charles Taylor Insurance Services has won its first static claims remit from the company market, with German insurer Württembergische Versicherung AG.
Worried retailers look to shore up insurance following riots
Simply Business has seen a 100% rise in quote requests from independent retail and catering businesses following the riots that took place across the country last week.
Endsleigh warns V Festival goers to safeguard valuables
Student insurer Endsleigh has warned that students going to V Festival this weekend will take at least £800 worth of valuables with them each.
Travelers reiterates commercial commitment in Ireland
Travelers bosses in the US have moved quickly to deny suggestions that their decision to quit the Irish private motor market could lead to the company’s complete withdrawal from the country.
Charles Taylor wins company market static claims role
Charles Taylor Insurance Services has won its first static claims remit from the company market, following the roll-out of its service for the Lloyd's market in April this year.
Hastings Direct to recruit 200 staff
Hastings Direct is going on a recruitment spree, taking on 200 staff – 100 of them to completely new jobs.
Career development & CSR: Ask the expert
We’re looking to recruit a number of people to our firm in the next 10 weeks — are there any potential hot spots where we need to be mindful of higher salary demands?
Career development & CSR: CII assessment changes
The Chartered Insurance Institute has unveiled a new assessment method allowing candidates to use their previous experience to achieve an advanced diploma in insurance.
People moves – 18 August 2011
A round-up of people moves and new appointments in the industry, as featured in the 18 August 2011 edition of Post.
Career development & CSR: Allianz apprenticeship scheme targeted at A-level students
Allianz Insurance has launched a new apprenticeship programme giving students with A-level qualifications the opportunity to work within its retail division.
Broker to launch insurer after AIM IPO
Property insurance broker Allanfield is today (18 August) launching on the Alternative Investment Market and taking over rival specialist Industrial & Commercial Property Insurance Consultants as part of the deal.
A&A seeks CEO before Euro push
Non-standard motor broking specialist A&A Group has outlined ambitious plans to expand its European footprint, ahead of a potential cash injection.
Insurers extend riot notification period
Insurers have extended their claims notification periods for claims resulting from the riots in response to the government’s own extension of the notification period under the Riot (Damages) Act compensation scheme.
LV to outsource due to GI focus
LV has underlined its focus on general insurance by outsourcing its asset management business in a long-term partnership with Threadneedle Investments.