News
Allianz’s Chris Hanks re-emerges as Liberty non-exec
Chris Hanks, previously commercial general manager at Allianz, is set to return to the insurance industry as a non-executive director at Liberty Mutual, sources have told Post.
Two men admit to laundering proceeds
Two men have pleaded guilty to laundering the proceeds of a nationwide motor insurance scam, which amassed over £5000 000.
Post Claims Club: Business strategy must lead the way in IT integration says RSA claims director
The key to successful IT integration is the development of a clear business strategy and operating model, according to RSA personal claims director Ben Horton.
Post Claims Club: Pregnant women exempt from ‘game changing’ legislation
Insurers should be aware that fundamental changes removing strict liability from employers’ liability civil claims where fault is not an issue will not relate to pregnant women.
Post Claims Club: Scottish solicitor covets England’s ‘one size fits all’ fatality claims setup
Claims awards for fatal accidents in Scotland could be made “fairer” by imitating the “one size fits all” approach adopted in the English courts, according to BTO solicitors partner Carly Forrest.
Market Moves: Insurers flood back into recruitment market with raft of key hires and promotions
Insurers swarmed the recruitment space this week, redressing a balance that has seen brokers dominating. The start of September saw a number of new recruits, with appointments rising in both the London and companies market. XL, Markel, First Title and…
MAST offers security product for smaller yachts
Maritime Asset Security and Training has launched a security umbrella service offering Superyacht grade security services, training and systems to the owners of smaller yachts from 16m – 40m.
Legal Update: Social Care: Unprecedented social care and abuse cases leave insurers with plenty to consider
In the past two weeks the social care and abuse landscape has exploded. Roy Woollard looks at the legal issues and their impact on insurers
Graham Card tasked with developing Netsett
Xchanging has appointed Graham Card to develop global accounting and net settlement platform Netsett.
Keelan Westall launches non-standard property broker team
Wholesale property broker Keelan Westall has unveiled a new non-standard broking team.
Berliner exit leaves solicitors in the lurch
Solicitors seeking professional indemnity cover have been dealt another blow after German insurer Berliner warned it may be unable to take on any risks for the 1 October renewal.
Allianz Global Assistance secures AA- rating by S&P
Standard & Poor’s has given Allianz Global Assistance an AA- rating with a stable outlook.
Allianz Global Assistance secures AA- rating by S&P
Standard & Poor’s has given Allianz Global Assistance an AA- rating with a stable outlook.
Brightside dismisses Markerstudy offer
Brightside directors have said they see no need in proceeding with offer discussions with Markerstudy after the Gibraltar-based motor insurer reduced its offer by at least 5p per share.
CII publishes two ethical guides
The Chartered Insurance Institute yesterday launched two ethical guides with a third due to be published later this year.
Asia-Pacific region had average COR of 103% from 2008 to 2012
Aon Benfield research has found 32 of the top 50 insurance markets have a five year (2008-12) average combined ratio under 100% while the EMEA area leads the way regionally with a COR of 98% overall.
LeapFrog's second fund targets 'emerging consumers' in Africa and Asia
LeapFrog, an emerging markets fund manager, has so far raised $204m to invest in LeapFrog Fund II to focus on eight markets in Africa and Asia.
Sabre bought by private equity group
Private equity group BC Partners has acquired a controlling stake in Sabre Insurance.
Insurers braced for Isle of Sheppey crash claims
Insurers are expecting a steady influx of claims following the Isle of Sheppey crash last week, which involved more than 130 vehicles.
Insurance Technology Awards 2013: Five days to go until entry D-day
There are now just five days to go until entries close for the Insurance Technology Awards 2013.
Lancashire shareholders back Cathedral buy
A £266m acquisition of Cathedral Capital looks set to go ahead after shareholders of Lancashire Group voted overwhelmingly in favour of the deal.
Capita puts insurance business up for sale
Outsourcing specialist Capita is preparing to offload its direct to customer insurance businesses following disappointing performance in the division, Post understands.
Gard eyes reinsurance opportunities in Brazil as it secures license
Gard is seeking to establish itself in the Brazilian reinsurance market after securing a licence to write that line of business in the Latin American country.
Xchanging pilot boosts RSA capital efficiency 80%
RSA has seen its capital efficiency soar after entering into a pilot programme with Xchanging’s Netsett net settlement platform.