News
Furniture giant Ikea enters insurance market
Homeware retailer Ikea has entered the Swedish insurance market selling child and pregnancy policies with a trial of home insurance products planned for the coming weeks, according to reports.
Travelers business development manager Cole moves to Generali
Generali Global Corporate and Commercial UK has appointed Travelers’ business development manager James Cole as client and broker relationship manager.
Quindell boss Terry considers selling units amid struggling share price
Quindell will make moves to sell parts of the business if its share price does not improve after chairman Rob Terry claimed the outsourcer was “four to five times undervalued”.
Deakin to lead Gallagher retail business as Blanc departs
Arthur J Gallagher retail CEO Peter Blanc has exited the firm following the integration of the Oval business, with his role passing to chief operating officer Janice Deakin.
Dual welcomes new insurers after unveiling $425m quota share vehicle
Hyperion underwriting arm Dual has introduced a worldwide binder structure that brings $425m (£264.7m) of non-US international capacity together in a quota share vehicle.
Claims satisfaction not enough to guarantee customer loyalty
Good claims settlement experience is not enough to secure customer loyalty, but poor claims experience can spur customers to switch insurance providers, according to research by Accenture.
Case managers to seek chartered status
UK case managers are planning to seek accreditation and, ultimately, chartered status in order to get recognition of the practice as a distinct set of competencies and skills.
RSA makes senior regional appointments
RSA has promoted Bruce Hanwell to liability portfolio lead (south).
Ecclesiastical appoints Phillips as group programme director
Ecclesiastical has appointed Jonathan Phillips to the newly created role of group programme director.
One fifth of European insurers not using technology to fight fraud
More than half of European insurers using business analytics saw detected fraud increase by more than 4% year-on-year, according to research from software firm SAS.
AJG Re team transfers to Chilton's Capsicum Re business
Arthur J Gallagher’s reinsurance broking team has transferred to partner with Grahame Chilton’s Capsicum Re venture.
DLG pricing projects boss Clarke named as Hall's NIG successor
NIG has hired Direct Line Group's head of pricing projects Justin Clarke as Martin Hall’s successor to the role of director of underwriting and pricing.
Cunningham Lindsey hires Griffin as head of forensic advisory services
Cunningham Lindsey has appointed Matthew Griffin as head of forensic advisory services within its major and complex loss team after moving from Cunningham Lindsey Australia.
Commission flexibility enhancement first of many for Axa's e-trade range
Brokers are expected to benefit from Axa Commercial Lines and Personal Intermediary’s decision to introduce commission flexibility to its e-traded simple product range giving intermediaries greater control over the commission they charge.
Quindell set to become billion pound business following Q3 growth
Quindell chairman Rob Terry believes a billion pounds of revenue is within his company’s grasp after delivering £200m of gross sales incorporating a 115% increase on revenue in Q3 to £198m (Q3 2013: £92.1m).
46 injured by Typhoon Vongfong as it heads towards Tokyo
The strongest storm to hit Japan this year reached Okinawa Island on Monday and is heading towards Tokyo.
Cyclone Hudhud kills at least five in East India
The cyclone arrived on India's East coast in the city of Visakhapatnam on Sunday (12 October) and killed five people.
Supplier for credit hire portal not 'formally selected'
Martin Andrews, director general of the Credit Hire Organisation, has clarified that the General Terms of Agreement technical committee has not selected a supplier for an electronic portal.
EY appointed liquidator for Northern and Western
EY has confirmed it was appointed provisional liquidator for Northern and Western Insurance Company.
DLG PL underwriting boss Mercier returns to Axa
Direct Line Group’s head of personal lines underwriting Neil Mercier has returned to Axa after three years at DLG.
Bluefin to acquire Scottish broker OKD
Bluefin is poised to buy Scottish intermediary OKD Insurance Brokers, Post understands.
Solvency II Delegated Acts published
The Solvency II Delegated Acts, published today, have been welcomed by Insurance Europe which says it is examining their impact on insurers and policyholders.
TT Club posts 92% combined ratio for H1
International transport and logistics insurer TT Club has recorded a combined ratio of 92% for the first half of 2014, driven partly by a decline in the number of claims.
Brokers urged to consider 'special method' for VAT calculation
Brokers could be missing out on sizable savings by using the standard model for calculating their VAT liaiblity, according to PFK Littlejohn tax partner Luigi Lungarella.