Insurer
Post magazine – 21/28 May
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RSA completes China sale
RSA has completed the sale of Sun Alliance Insurance (China) to Swiss Re Corporate Solutions.
RSA social media head Simons exits
RSA group social media head Ian Simons is to leave the business in June to pursue an external opportunity, the insurer has confirmed.
Wunelli boss Searles steps down amid 'record year'
Wunelli managing director Penny Searles has walked away from the telematics provider to pursue “other opportunities outside of the organisation”.
ICAB launches digital information portal
Insurance Claims Accommodation Bureau has launched a digital information portal to aid both claims handlers and policyholders with the details of their claims.
Aviva's commercial business gains CII chartered status
The Chartered Insurance Institute has granted chartered insurer status to Aviva’s commercial business.
Zurich wins ‘landmark' meso case in Supreme Court
The Supreme Court has today (20 May) unanimously ruled in favour of Zurich in a judgment that means an insurer will only have to compensate a solvent employer for the years they were on risk in cases of asbestos-related mesothelioma.
Axa to display previous year's premium on motor renewals
Axa has confirmed that it is now displaying last year's premium on motor renewals for its Axa Direct Brands.
Two thirds of SMEs unaware of D&O cover, Allianz survey finds
Allianz has jointly launched a white paper outlining the risks faced by company directors after a survey by the insurer found that two thirds of SME leaders are not aware of what directors & officers insurance is.
Allianz extends commercial offering via Applied Systems
Allianz has expanded its suite of commercial lines products available through software provider Applied Systems’ Applied TAM technology to include the insurer’s property owners, tradesman, and shop and office products.
Vienna Insurance Group sees first quarter GWP increase
Vienna Insurance Group has posted an increase in gross written premiums for the first quarter of 2015, but posted a decrease in profits before tax.
Editor's comment: The right way to succeed
There comes a time when every CEO hangs up their hat and goes to spend more time in the garden or with family – but recent market developments have led to much debate over the right way and the wrong way to do this.
Product for non-insured Italian real estate risk developed
Besso Insurance Group have teamed up with Secure Legal Title to launch an insurance programme which mitigates a risk, never before covered by insurance, inherent in certain Italian real estate transactions.
FP Marine's Bilney: 'Cargo rates are softest in my career'
Philip Bilney, CEO of Hong Kong-based marine specialist broker FP Marine, has warned that cargo rates are the softest he has seen in more than 30 years in insurance.
Conflict with Medco mooted as revised rehab code awaits summer launch
Draft proposals for the revised rehabilitation code have sparked calls for a “distinct pathway” to be established for low value whiplash claims so as not to conflict with the fledgling Medco scheme.
Changes at LV and Admiral fail to mask issue of succession planning
Succession planning and the promotion of internal talent remain key issues for the industry to address, according to analysts, who have played down the significance of recent leaderships announcements at Admiral and LV.
ANV adds three to syndicate consumer products team
ANV Holdings has appointed three people to its eight-strong consumer products team within Syndicate 5820 reporting to recently appointed active underwriter Bruce Whitmee.
Role of PCWs highlighted as insurers hit back against premium finance criticism
The Financial Conduct Authority has been accused of failing to address consumer buying behaviour in the findings of its premium finance thematic review, which singled out insurers and brokers for criticism.
Brain training: 10 things you need to know about...
... succession planning
Career File - Darren McKenzie: McKenzie given new RSA chief operating officer role
RSA has appointed Darren McKenzie to the newly created role of chief operating officer for the UK and Western Europe.
Market Moves
Who moved where in insurance this week.
International Underwriting Association announces opposition to fees increase
The International Underwriting Association has voiced its disappointment with the proposed increase in regulatory fees imposed on UK general insurers.
PPI complaints continue to hamper FOS progress
Payment protection insurance complaints accounted for 63% of all grievances dealt with by the Financial Ombudsman Service in 2014/2015.
Notion of non-compulsory motor cover for driverless cars dismissed by experts
Public mistrust of driverless car technology and a potential influx of personal injury law suits have been cited by industry experts as the main reasons why the development of autonomous vehicles will not lead to the end of compulsory motor insurance.