LV
Takeover date announced for Crane at LV
Mike Crane will officially take over as managing director at LV broker on 1 January next year.
Review of the Year: General Insurance
The past year has been a rollercoaster ride for general insurers, with tough market conditions serving as a backdrop for highs, such as strategic consolidation and a £1bn whiplash windfall, and lows, including the Insurance Premium Tax hike and struggles…
Insurers to discuss unscrupulous solicitors with SRA next month
Talks between the Solicitors Regulation Authority and a handful of insurers to discuss the legal watchdog’s regulation of solicitors suspected to be facilitating fraud have been set for 9 December, Post understands.
Cloud insurance uptake set to increase in light of FCA consultation
A Financial Conduct Authority consultation giving guidance to financial services firms outsourcing to the cloud should result in more insurance industry players using the technology, commentators predict.
ICO writes to 1000 companies trading data as LV calls for single CMC regulator
LV has applauded a decision from the Information Commissioner's Office to write to more than 1000 companies involved in buying and selling data as part of its ongoing crackdown on nuisance calls.
Legal implications cited by insurers amid complex policy wording criticism
Insurers should be cautious about watering down legal policy wordings to make the documents easier to read, commentators have warned, despite new research showing one-third of policies are written for those with a university-equivalent reading level.
Market Moves - 19 November 2015
All the movers and shakers in the insurance industry
The State of the Insurer Nation: Week Five: Brokers, professionalism and governance
In the final part of a five-part series covering the results of Post’s latest State of the Nation survey, Mairi MacDonald reports how our insurance CEOs view relationships with brokers, professionalism in the sector and the importance of diversity for…
Digital Insurance Collective: Hack to the Future: The Digital Activists taking disruption in their stride
There is a lot of talk about the need for the sector to adapt to changing consumer demands but are tensions between the anti-risk culture of insurance companies and the nature of digital transformation holding back progress? The newly launched Digital…
The State of the Insurer Nation: Week Four: Data, social insurance and emerging risks
In the fourth report covering the results of Post’s latest State of the Nation survey, Mairi MacDonald asks how important data is, how social insurance and social media tools fit into the sector and what the emerging threats are for our CEOs and managing…
Treloar tipped to succeed at LV as O'Roarke predicts future PL and CL growth
Steve Treloar’s experience of both the direct and broker channels will help him fill John O’Roarke’s “big shoes” once he takes over as LV general insurance managing director next year, according to market commentators.
O'Roarke backs successor Treloar to build on growth at LV
LV managing director of general insurance John O’Roarke is confident his successor and former Direct Line colleague Steve Treloar is well placed to maintain the firm's strong growth and "distinct culture".
Aviva personal lines MD Treloar to take over from O'Roarke at LV
LV has appointed Aviva personal lines managing director Steve Treloar as John O’Roarke’s successor as MD for general insurance.
The State of the Insurer Nation: Week Three: Public Perception
In the third of a five-part series covering the results of the State of the Nation survey, Mairi MacDonald reports how our CEOs and managing directors view the public’s poor perception of the insurance industry and how simplified wordings and more…
Industry united in call for FCA to be appointed CMC regulator
Insurers have rallied to support the Association of British Insurers' call for the Financial Conduct Authority to oversee the regulation of claims management companies.
The State of the Insurer Nation: Week Two: Politics and Europe
In the second of a five-part series covering the results of Post’s latest State of the Nation survey, Mairi MacDonald reports how politics, government policy and the UK’s position in the European Union is viewed by insurance CEOs and managing directors…
Career File: Tim Rourke: Rourke appointed LV personal lines underwriting head
LV Broker has appointed Tim Rourke as its personal lines underwriting head, effective from 1 November.
Market Moves - 29 October 2015
All the latest movers and shakers in the insurance market.
The State of the Insurer Nation: Week One: Regulation
In the first report of a five-part series covering Post’s latest State of the Nation survey, Mairi MacDonald reports on how regulation of the insurance industry is viewed by insurance CEOs and managing directors and how they think it could work better…
Increased innovation and outsourcing key to driving down household claims expenses
Household insurers have been advised to outsource more claims and increase innovation or run the risk of following the path of the unprofitable motor market.
LV Broker's Rourke to lead personal lines underwriting
LV Broker has appointed Tim Rourke as its personal lines underwriting head, effective from 1 November.
Top 100 UK insurers: Top 20 focus
We focus on the insurers that made the top 20 in the 2015 listing.
Ghost broker jailed for three years
A Barking man has been jailed for three years for selling fake motor insurance policies to criminals.
Insurers dispute criticism of pre-med offers as driver of whiplash claims
Insurers have dismissed accusations that pre-medical offers are the main driver of erroneous whiplash claims and have instead criticised low quality medical reports while pointing the finger of blame at the claims management sector.