News
XL swoops for AIG's Latham to head up captive programmes
XL Group has moved to bolster its captive offering with the appointment of Matthew Latham as head of captive programmes.
GAB Robins recruits BLM's Doolan to lead London Market development
GAB Robins has recruited from law firm BLM for a new head of London Market, Post can reveal.
Claims Club News: UK firms told to keep an eye on Ireland for PPO regime improvements
UK insurers hoping to see improvements in the periodical payment order regime should carefully monitor a review of PPOs taking place in the Republic of Ireland, according to BLM partner Joe Wakeford.
Claims Club News: FCA putting spotlight on commercial cover
The Financial Conduct Authority is likely to raise the stakes on insurers by increasing scrutiny on whether the products customers buy are fit for purpose, amid a “philosophical shift” by the regulator.
German insurers pay out record claims for 2013
Germany’s non-life insurers settled €50bn in claims over 2013, the highest recorded total for a twelve month period.
Industrial deafness ‘the new cash cow’ says ABI
Claimant lawyers and claims management companies are increasingly exploiting industrial deafness claims for maximum cash settlements, according to the Association of British Insurers.
Quindell wins uncontested Gotham City libel case
Quindell has announced victory in a libel case against Gotham City after the latter failed to defend claims a research note was defamatory.
5% reduction would make home cover unprofitable says O'Roarke
Reductions of just 5% in the cost of home insurance could render the line unprofitable for many insurers according to LV’s general insurance managing director John O’Roarke.
Unrated carrier behind independent midwives PI solution
The capacity behind a commercial professional indemnity insurance solution for independent midwives is being provided by an unrated Gibraltan carrier, Post understands.
XL adds fine art and specie to suite of Shariah compliant products
XL Group has extended its support for Shariah compliant managing general agency, Cobalt Underwriting, by adding fine art & specie coverage to its suite of products. The insurer already provides cover for property, construction and financial lines.
Personal lines pedigree marked Oliver out as Brown's top GIS candidate
Martin Oliver was top of Arthur J Gallagher underwriting and distribution executive chairman Adrian Brown's list to run the broker's personal lines business after managing director Des O'Connor departed in July, he told Post.
Hiscox bolsters events offering with Event Assured acquisition
Hiscox has reached an agreement with Applewell to acquire events insurance provider Event Assured.
Martin Oliver to lead Gallagher Insurance Solutions
Former Allen & Allen Group UK chief executive Martin Oliver has been appointed by Arthur J Gallagher to be Gallagher Insurance Solutions managing director.
Markerstudy re-hires Tozer as account manager
Matt Tozer has returned to Markerstudy as an executive account manager after roles at the A&A Group and Igo4.
Insurance industry ahead of the curve on internal CEO appointments
Insurance companies are more likely to recruit internally for the top jobs at their organisations than firms within other financial sectors, according to a survey by Russell Reynolds Associates.
Wunelli looks to tackle 'reactive' FNOL process with new management tool
Wunelli has created a new process to manage crash notification alerts which it claims will turn the tables on “the reactive nature of the first notification of loss process" in private motor.
Simply Business parent profits dip 9% for 2013
Simply Business parent Xbridge has recorded drooping profits for 2013, while staff numbers surged over the 12 months.
Questgates confirms Keilty recruitment
Specialist loss adjuster Questgates has confirmed the appointment of Davies Group’s Tony Keilty as its new Lloyd’s and London market director.
Una chair calls for proof 'Britain is open for business' with SME Flood Re inclusion
The chairman of independent regional broking body Una has challenged the government to prove that “Britain is open for business” by facilitating small business growth with the inclusion of SMEs in Flood Re.
LV Broker recruits four to regional roles
LV Broker has announced four appointments in its commercial lines business, including promoting Mark Hands to head of trading for the north of England and Scotland.
PRA recruits Prudential's chief actuary for board slot
The Prudential Regulatory Authority has appointed an outgoing Prudential executive director to serve as an independent member of its board from May next year.
LV’s H1 profits climb 7% but premiums continue to fall
Prior-year claims run off has seen LV notch improved operating profits for the first six months of 2014 in spite of continued decreases in motor insurance rates.
DAC Beachcroft cuts 62 roles in UK as Manchester office closes
DAC Beachcroft has cut 62 jobs in the UK, including fee-earners and support roles as the result of a redundancy consultation which began in May.
Less than 6% have earthquake cover in Napa County
One of the reasons the insured damage of the 24 August earthquake was relatively small was because of lack of cover.