News
ICO joins text pest group to boost regulatory power
An Information Commissioner's Office with "bigger teeth" and greater regulatory powers is set to become the latest member to join the Ministry of Justice-led anti-claims text group.
Two senior roles axed as Axa continues shake-up
The roles of head of specialist markets and distribution director will cease to exist under Axa Commercial's new management structure, as the firm confirmed two senior redundancies.
Claims Club news: Wallis admits success is difficult to gauge
The 'behaviour' committee pilot launched in March to help mediate disputes between claimants and compensators is being tipped to be become a permanent fixture.
Firms face ruin after court ruling
The insurance industry has been warned some firms could face ruin after a legal challenge to the Financial Services Authority's measures to deal with payment protection insurance complaints was rejected.
CSR & career development: board game boosts student interest in industry to 70%
The Chartered Insurance Institute has launched an interactive board game in its latest effort to encourage young people to consider a career in insurance.
Bolt concern over charges
Bosses at Lloyd's insurers have received a letter from director of performance management Tom Bolt, addressing fears over extra broker remuneration charges.
Law report: clear guidance given over disclosure of surveillance evidence
This law report has been contributed by national law firm Berrymans Lace Mawer.
People moves – 28 April 2011
A round-up of people moves and new appointments in the industry, as featured in the 28 April 2011 edition of Post.
BHSF strengthens reserves by 10%
Birmingham-based BHSF has strengthened its reserves by almost 10% to over £25m in 2010 despite the testing UK economy.
Marketform adds to marine team
Lloyd’s insurer Marketform has confirmed that underwriter Gary Cooke will join the company on 1 June as head of marine cargo underwriting.
IDSL adopts managed services model
Insurance Database Services Ltd has entered into an agreement with Motor Insurers’ Bureau Management Services for the provision of infrastructure and management services.
Cash-for-crash gang jailed
Three members of a Luton-based cash-for-crash gang operating a £5.3m insurance scam have been jailed.
Equity expansion still on track despite 185 jobs under threat - Insurance News Now – 28 April 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including Equity Insurance Group’s insistence that its branch network and plans for regional expansion are safe, despite putting 185 jobs within it’s underwriting and…
Holman's disposes of business as regulation increases
Foster Denovo has agreed a deal to acquire the IFA business of independent Lloyd's brokerage firm John Holman & Sons.
Equity expansion still on track despite 185 jobs under threat - Insurance News Now – 28 April 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including Equity Insurance Group’s insistence that its branch network and plans for regional expansion are safe, despite putting 185 jobs within it’s underwriting and…
No immediate upward movement in insurance rates: Marsh
Despite record level first-quarter catastrophe losses, insurance rate increases were confined to loss-affected exposures, according to research published today by Marsh.
Solvency II a “bigger risk than hurricanes”
The implementation of Solvency II is considered a bigger risk to the insurance industry than hurricanes, new research has found.
London Chamber of Commerce warns confidence is slipping
Companies in the capital endured a tough start to the New Year according to the London Chamber of Commerce and Industry’s latest Quarterly Economic Survey.
Solvency II a “bigger risk than hurricanes”
The implementation of Solvency II is considered a bigger risk to the insurance industry than hurricanes, new research has found.
Claims boss David Williams take up new MD role at Lloyd's agency
Argenta Private Capital, the Lloyd’s Members’ Agency subsidiary of Argenta Holdings, has appointed David Williams as managing director.
London Chamber of Commerce warns confidence is slipping
Companies in the capital endured a tough start to the New Year according to the London Chamber of Commerce and Industry’s latest Quarterly Economic Survey.
Bent credit hire saga continues
The credit hire legal wrangle involving Aston Villa footballer Darren Bent is set to continue after permission to refer the case back to the Court of Appeal was granted last week.
Regional MD out as Audatex parent unveils business shake up
Solera Holdings has outlined plans to re-organise its subsidiaries Audatex and HPI operations in the UK and the UISA region, which includes the UK, India, South Africa and Australia.
Chartis MD takes up board role with Lloyd's insurer Ascot
Ascot has appointed two new executive directors, Yvonne Keyes and Mark Smith, and one new non-executive Director, James Shea, all of whom joined the board of Ascot Underwriting this month.