News
Axa’s Evans lauded for commitment to public interest at CII awards
Axa group chief executive Paul Evans was recognised with an achievement award for his work in championing the public interest at last night’s inaugural Chartered Insurance Institute Public Interest Awards.
Octo buyer to utilise telematics nous to penetrate Russian market
Renova Group is hoping to penetrate the Russian insurance market by tapping into telematics technology following its acquisition of Octo Telematics in a deal that is reported to be worth €408 million (£249m).
RSA mid-markets boss Wilkinson exits
RSA mid-market regions director Dan Wilkinson has left the insurer after just over a year in the job.
Bupa’s Tugendhat appointed Towergate Direct CEO
Towergate has appointed Bupa Group’s James Tugendhat as chief executive of Towergate Direct.
ABI kick-starts Flood Re CEO recruitment process with job ad
The Association of British Insurers has started its search for the chief executive of Flood Re and will be advertising the position in this week's Sunday Times.
BPF urges MPs to support Water Bill amendments
The British Property Federation is urging politicians to support Water Bill amendments being tabled in the House of Lords that would extend affordable flood insurance to excluded groups.
Three EU states fail to meet gender directive deadline
Three European states failed to meet the December 2012 deadline to implement legislation prohibiting the use of gender-based pricing, according to the EU insurance supervisor.
Fitch affirms Generali at A- with negative outlook
Fitch has confirmed the ratings of Italian insurance giant Generali, locking the insurer and its core subsidiaries’ Insurer Financial Strength score at A- with a negative outlook.
Cunningham Lindsey launching Axa claims tools in £6m tech revamp
A £6m technology investment programme will see Cunningham Lindsey soon unveil a new suite of tools for policy holders making claims starting with Axa household customers.
Aspen grows pre-tax profits by £15m after quiet cat year
Bermuda based insurer and reinsurer Aspen has seen its full year pre-tax profits climb, alongside improved underwriting performance boosted by reduced catastrophe losses.
Lee to head up client management for Ace in the UK
Ace Group has appointed Nick Lee as head of client management for the UK and Ireland.
PM vows to use £100m Defra fund to improve flood defences
David Cameron has described Environment Agency chairman Lord Smith’s assertion that decisions must be made on whether to prioritise town or country as a “false choice” and has pledged an additional £100m on flood defences.
Millburn administrators appoint Certo to handle indemnity claims
Certo Loss Adjusters has been appointed by the administrators of Millburn Insurance Company to deal with indemnity claims.
Tracker’s technology offering a draw card in Lysanda purchase
Former Direct Line Group-owned telematics provider Tracker’s robust technology was one of the major draw cards for its purchaser Lysanda, according to the chief executive.
US January insurance storm claims hit $1.4bn
Catastrophe modeller Impact Forecasting said January's weather in the US cost insurers at least $1.4bn and economic losses of $3bn. Asia also saw its fair share of cold weather in January.
Physio suspended from practice for faking insurance invoices
A physiotherapist has been suspended from the Health and Care Professions Council register for falsifying insurance invoices while working at a clinic in Hammersmith, London.
MGB recruits former Dickson Manchester boss as non-exec
MGB Insurance Brokers has named the former director of wholesale professional indemnity broker Dickson Manchester & Co as a non-executive.
Household premiums tipped to rise as adverse weather takes hold
Property premiums could be set to rise in 2014 as mounting flood losses begin to take their toll on insurers, according to Deloitte insurance partner James Rakow.
Sterling and BMG team up on pet venture
Sterling Insurance Group and BMG Insurance Brokers have partnered on a new venture, Sterling Pet Solutions that will provide affinity products for UK pet insurance providers.
ICAB appoints Allsopp to finance role
The Insurance Claims Accommodation Bureau has appointed Tim Allsopp as its finance head.
IFIC Forensics launches fire triage service
IFIC Forensics has launched a forensic fire triage service which aims to reduce insurers’ exposure to claims leakage from residential and small commercial arson cases, particularly in times of claims surge.
Unrated carrier Eric no longer accepting new business
The European Risk Insurance Company appears on the brink of collapse after advising it is no longer able to accept new business, renewals or requests for coverage increases.
Beazley targeting 2% investment yield for 2014
Specialist London insurer Beazley is hoping to return to 2012's investment yield next year after recovering from plummeting returns in the first half of 2013.
Junction reaches two million customers
BGL Group’s partnership business Junction has doubled its customer base since 2007 announcing today it now manages more than two million customers.