Zurich Insurance
What you’ve been reading this week
The 10 most read stories on Post Online from 21 – 27 October 2015.
Zurich acquires in Hong Kong
Zurich has bought small general insurer Kono Insurance in Hong Kong for an undisclosed fee.
Mass-market telematics app-based solution gains Zurich backing
The UK’s first mass-market and full underwriting-based motor insurance is to be launched by telematics company Carrot on aggregator websites this week.
Questgates loses out as Zurich reveals its loss adjusting panel
Questgates is the main loser on the Zurich loss adjusting panel, which features Criterion for the first time.
Market Moves - 22 October 2015
All the latest movers and shakers on the insurance scene
Zurich to axe almost 10% of staff in Germany
Zurich is to cut 500 jobs from its workforce in Germany over the next two years, the firm has confirmed.
Zurich appoints Ageas's Markham to newly-created broking role
Zurich has hired Joel Markham to the newly-created role of head of regional and national broker for personal lines.
QBE launches European real estate practice amid growth plans
QBE has established a dedicated European real estate practice as part of a concerted effort to grow its real estate portfolio in the UK market and across continental Europe.
Cycle of hurt to continue for motor insurers despite raised rates
The cyclical nature of the UK motor market is set to continue, despite the industry recently witnessing the biggest spike in premiums for the past five years, insurers have been warned.
The Zurich Insurance Masters: The final
Insurance Age is on a mission. A mission to find the best golfer in the insurance broker market.
RSA's Currie replaces Emms as non-exec chair of Thatcham
Insurers’ automotive research centre Thatcham Research has appointed RSA’s Ian Currie as chairman of its non-executive board.
Government's CMC review given lukewarm welcome by insurers
Insurers have responded to the government’s review into claims management companies by suggesting new legislation and reducing the claim period for minor injuries as ways of tackling rogue CMCs.
Crash for cash fraudster fails to show for sentencing
Police are appealing for information to help trace a crash for cash fraudster who failed to show for sentencing.
Insurance Fraud Awards 2015: Scott Clayton and Aviva among winners
Scott Clayton, claims fraud and investigations manager at Zurich, was cheered to the stage when he won the achievement award at the 2015 Fraud Awards last night.
SMEs' concerns over competition increasing, Zurich research finds
Small and medium-sized enterprises globally are increasingly concerned about the impact of competition on margins and a lack of consumer demand, according to Zurich's third annual global SME survey.
In Series: Liability and Collaboration: No more Mr Nice Guy
After years of running battles, the focus on fraud prevention has moved to the employer’s liability sector, with the industry keener than ever to show it is not a soft touch.
SRA urged by insurers to be tougher on solicitors facilitating fraud
High level talks between the Solicitors Regulation Authority and insurers are being arranged amid criticism of the legal watchdog’s ability and appetite to effectively regulate claimant solicitors suspected to be facilitating fraud.
Industry leaders hammer out key conference season concerns
Less government intervention in business, the cost of regulation and the planned increase in insurance premium tax top the list of topics that the insurance industry wants addressed ahead of the annual political conference season.
Tune in to live webinar today at 15:00 on the subject of pricing
Given the competitive nature of the insurance market, chief underwriting officers and their teams face multifaceted challenges making sure that they are pricing risks both correctly and competitively.
Zurich appointed for self-driving buses tests
The EU-funded research project into automated buses across Europe, City Mobil 2, has appointed Zurich as insurance associate for a series of tests of the technology across the continent.
Editor's Comment: Avoiding heartbreak
Sometimes the best thing to do is call it all off early on – it is less likely to cause heartache and in many cases it’s the bravest thing to do.
Hester surprised at Zurich deal collapse
RSA group CEO Stephen Hester has confessed his shock at Zurich's decision to break off talks about an acquisition of the company.
Future bids expected for RSA as Zurich pulls plug on acquisition
RSA's appeal as an acquisition target has not been diminished by Zurich's decision to pull the plug on takeover talks, according to market analysts, who have nevertheless suggested that a future deal is unlikely to take place in the short term.
Zurich abandons RSA approach
Zurich has abandoned its bid to buy UK rival RSA after poor trading in its general insurance business.