Insurer
Ex-RSA employee sentenced after submitting £270,000 in fraudulent claims
An ex-RSA employee has been sentenced after pleading guilty to a number of fraud offences totalling to £270,000.
Am Trust applies to combine three syndicates
Am Trust has applied to Lloyd’s for approval to combine its three fully aligned non-life syndicates under one management.
UK General appoints Vicky Hodgson as COO
UK General has appointed Vicky Hodgson as chief operating officer.
Confused announces Louise O'Shea as CEO following Coriat's departure
Confused has hired Louise O’Shea as its new CEO, taking over from Martin Coriat following his departure from the company in July this year.
Insurers must rethink risk management: Aon
The insurance sector needs to rethink its approach to risk management in order to drive innovation and take advantage of technological change, said Aon's global CEO of analytics.
Home and motor insurers face £100m bill from GDPR
Home and motor insurers are facing an estimated bill of £100m due to not being able to contact historic customers after the General Data Protection Regulation comes into effect next year.
Three motor service providers acquired under new holding group AGL
Three brands in the vehicle repair, claims and technology sectors have been acquired under holding group AGL, which launched today.
Blog: How insurers can use data analytics to differentiate their products
Insurers shouldn't use data analytics just to drive efficiencies but also to innovate in terms of risk management, writes Paul Dix, insurance strategy consultant at CGI UK.
Covéa's Lisa Meigh on why the apprenticeship levy is not just another tax
Many companies have written off the apprenticeship levy that came into force in April as another tax but Lisa Meigh, director of HR and Learning at Covéa Insurance, sees a pot to further future generations of insurance workers.
Sciemus to rebrand after securing investing partnership
Specialty Lloyd’s managing general agent Sciemus is set to rebrand after securing an investing partnership with HSCM Bermuda.
Report: Zhong An wins IPO approval in Hong Kong
Shanghai-headquartered Zhong An, China's largest internet general insurer, has gained approval for a listing on the Hong Kong Stock Exchange.
AIR pegs Irma insured losses at $20bn-$65bn
Hurricane Irma could result in insured losses of $20bn to $65bn, according to a preliminary estimate from AIR Worldwide.
150 jobs at risk in L&G's Hove office
As many as 150 jobs are reportedly at risk as Legal & General plans to move its GI unit from Hove to Birmingham.
Ogden decision to curb reinsurance pricing rises
Reinsurance pricing will only increase modestly at January renewals as a result of the government’s Ogden announcement.
Lloyd's report pegs Miami windstorm at $131bn as Irma heads for Florida
Hurricane Irma could see industry property losses of $131bn, according Lloyd's realistic disaster scenario analysis.
Penny James succeeds John Reizenstein as Direct Line CFO
Direct Line has appointed Penny James to succeed John Reizenstein as chief financial officer.
This Month in Post: Discount, diversity and data
There was some good news and some bad news this week for the insurance industry.
LV commits to passing all Ogden savings onto motorists
LV has become the first insurer to commit to passing 100% of savings from the government’s Ogden legislation to motorists.
Aviva could see boost of up to £200m from Ogden discount rate reform
Aviva stands to make a one off gain of between £100m and £200m as a result of any future discount rate revision to 0-1%.
Legal & General partners with SSP to provide quoting platform for home insurance
Legal & General has partnered with SSP to develop a quoting process which uses big data to provide customers with a home insurance quote in 90 seconds.
Connected and autonomous vehicle testing hub receives £100m government investment
A co-ordination hub for connected autonomous vehicle testing has gained £100m in financial backing from the government's Connected Autonomous Vehicle investment programme in order to develop technology.
ERS launches agriculture operations unit
ERS has launched a 27-strong agriculture operations team as a result of increased demand.
Insurers rejoice at new Ogden formula on Twitter
Insurers took to Twitter to express their satisfaction with the new mode of calculation for the discount rate, which the government unveiled today.
Darag makes string of senior appointments
German run-off insurance company Darag has made a string of senior appointments.