Insurer
MIB database to become motor liability trigger following paper certificate changes
Insurers will no longer have to pay third party motor claims for policyholders whose insurance has been cancelled following the implementation of the Deregulation Act this week, according to the Motor Insurance Bureau’s Technical director, Paul Ryman…
Post magazine – 2 July
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS or Android App Edition on the App Store or Google Play respectively or read the Post Digital Edition online.
Ace to acquire Chubb for $28.3bn
Ace has reached a definitive agreement to acquire Chubb in a deal worth $28.3bn (£18.1bn).
Gallagher Bassett bolsters UK footprint with CAA purchase
Global third party claims administrator Gallagher Bassett International has moved to boost its UK presence with the acquisition of Countrywide Accident Assistance.
Barbon returns to profit in 2014
Barbon Insurance Group has posted an operating profit for 2014, according to documents filed with Companies House.
Catalina completes Quinn legacy liabilities transfer
Catalina Holdings has completed the portfolio transfer of legacy insurance liabilities from Quinn Insurance.
Ex-Esure and L&G boss Peter Graham returns with Barbon role
Former Esure and Legal & General insurance boss Peter Graham is poised to return to the UK market as non-executive chairman of Barbon Group, Post can reveal.
Skuld appoints Ove Kristian Roll for Bergen role
Marine insurer Skuld has hired Ove Kristian Roll to lead its office in Bergen, Norway.
Saga completes Bennetts acquisition
Over 50s insurance specialist Saga has completed the acquisition of motorcycle insurer Bennetts for £26.26m in cash.
Editor's comment: Travel without fear
Last week, the world was stunned by the atrocities that took place in the holiday resort of Sousse in Tunisia, where 38 innocent tourists – mainly from the UK – and some locals were gunned down by an Islamic State terrorist while enjoying themselves on…
Travel insurance categorisation questioned in wake of Tunisia attack
UK insurers are unlikely to face significant losses from the deadly Tunisian terrorist attack, however insiders have suggested the increased targeting of tourists could cause the market to rethink how it categorises territories for the purposes of travel…
Motor fraudsters growing in sophistication, Keoghs warns
Law firm Keoghs has warned of higher levels of sophistication by fraudsters, who are becoming more aware of the detection methods used to catch them out.
Penny Black’s Insurance Week: 2 July 2015
The industry’s unsung heroes, the brave souls in the marketing and PR teams who have to get pestered by Post journalists on a weekly basis, gathered in London for the inaugural Insurance Marketing and PR Awards on 26 June.
Industry warned of cyber threat as big data collection speeds up
The increased collection of big data by insurers is likely to make them the targets of cyber criminals, the industry has been warned.
Generali named in MIT Technology Review of 2015's smartest companies
Generali has been listed as one of the smartest companies of the year by the Massachusetts Institute of Technology.
Cost of data-sharing a thorn in the side of telematics' mainstream potential
The mainstream adoption of telematics remains an unlikely prospect, according to market commentators, as the industry struggles to overcome the price tag older drivers place on their data.
Career Development: Are you the future of the profession?
The Chartered Insurance Institute is calling for potential future leaders in claims, underwriting, insurance broking and the London Market to put themselves forward for the 2015/2016 New Generation Programme.
Ex-Zurich corporate boss Green joins broker as director
Former Zurich corporate boss Steve Green has joined broker Anthony Jones as a director.
Career File: Heather Wheeler - Wheeler elected APPG chair
Heather Wheeler, MP for Derbyshire South and a former Lloyd’s broker, has been elected the new chair of the All Party Parliamentary Group on Insurance and Financial Services.
Market Moves - 2 July 2015
Find out the movers and shakers in the insurance industry this week.
FCA gives Markerstudy's Chaucer purchase green light
Markerstudy's bid to acquire Chaucer's UK motor business has been approved by the Financial Conduct Authority.
Data Leaks: Plugging the leaks
With a new EU directive concerning data security expected later this year, insurers must make sure they exceed industry standards.
Roundtable: Telematics: a move into the mainstream
Will the falling cost of telematics devices see the technology move away from exclusively targeting young drivers and into other sections of the motor market?
FCA opens the door for product reviews in value data debate
The Financial Conduct Authority has not ruled out using consumer reviews to demonstrate the value of an insurance product, despite hinging an industry-wide value debate on utilising claims ratios as a metric.