Insurer
Market Moves - 30 April 2015
Find out this week's movers and shakers in the insurance industry.
Axa claims tool launched to broker market
A digital claims tracking tool is now available to the entire broker market following the completion of pilot projects with Bluefin and Brokerbility.
Polish ECJ referral reignites possible UK liability to EU VAT on outsourcing
A case referred by Poland to the European Court of Justice is expected to reignite the UK insurance market’s potential liability to EU VAT on its back-office administration, which could cost the industry millions.
Now Health acquires Best Doctors to increase global footprint
Now Health International's private equity investor the Primary Group has acquired Bermuda-based Best Doctors Insurance.
Insurers and claimant solicitors partner on fraud initiative
Insurers have teamed up with claimant solicitors to offer a service aimed at preventing fraudulent claims entering the compensation process.
Moody's puts Willis' debt rating on negative watch following Gras Savoye deal
Moody's Investors Service has revised the outlook on the BAA3 senior unsecured debt rating of Willis Group and its subsidiaries to negative from stable.
Collinson acquires Specialty Assist
Collinson Group has acquired corporate assistance specialist Specialty Assist, subject to regulatory approval.
Synthetic Biology: The dark side of DNA
For all the good that synthetic biology could do, concerns persist that in the wrong hands, it could also be a potent weapon.
General Election 2015: The ties that bind
Concerns that political influence is for sale refuse to go away. But could the system really be changed to stop MPs having outside business interests?
Trade union to protest at Ageas HQ over call centre closure
The Communication Workers' Union will hold a protest at Ageas' Bournemouth headquarters this afternoon (27 April) over plans to close a call centre in Belfast.
GI firms join call for Tories to 'finish what they have started'
Insurance industry bosses are listed among more than 5000 SME signatories backing the Conservative party ahead of next week’s general election.
RSA investor angered over Hester pay package
RSA investor Cevian Capital has indicated it may vote against CEO Stephen Hester's remuneration package, according to reports.
Industry bodies welcome sentencing of cash for crash scheme fraudsters
The Motor Insurers' Bureau and the Insurance Fraud Bureau have welcomed the sentencing of insurance fraudsters for staging elaborate ‘crash for cash' insurance scams totalling over £1m.
BGL founder Steyn ahead of Engelhardt and Wood in rich list
BGL founder Douw Steyn is the richest individual in the world of insurance after accumulating a fortune of £700m, according to the 2015 Sunday Times rich list.
Colahan opens Berkshire's commercial Australian operations
Berkshire Hathaway Specialty is aiming to shake up the large corporate space in Australia after being granted a license to write business.
North of the Border: Informed consent appeal allowed
Times have changed for the doctor/patient relationship –material risks must be disclosed.
C-Suite Insurer: It’s a question of time
Don’t switch off. This is not a party political broadcast
Brit appoints South America expert from Swiss Re
Guillermo Eslava has left Swiss Re to become vice president, casualty reinsurance for Latin America and the Caribbean at Brit.
Regulatory 'interference' seen as key risk as Jefferies issues downgrades
The decline in investment yields and erosion of future earnings potential has led to the unravelling of the re-rating of the insurance sector, according to the global investment banking firm Jefferies.
Zurich's Sharma has called on the industry to ‘be bold' but take a longer term view on pricing
Vibhu Sharma, CEO, UK general insurance for Zurich, has called on the UK insurance industry to be bold to match the world of commerce - but to also take a long-term view on pricing for retail, in his first comments since joining the UK market.
Blog: Lapso loses its lustre
Allianz's Graham Gibson on why the positive benefits seen directly after Laspo have started to wear off.
Homer to join Cullum at Global Risk Partners
Former Towergate chief executive Andy Homer is to join forces with Towergate founder Peter Cullum at London market consolidator Global Risk Partners.
Quiz of the week - 24 April
Test your knowledge of the goings on in insurance this week with Post's just for fun quiz.
LV unveils new premier pet insurance policy
LV has launched a new premier pet insurance policy that will provide policyholders with cover of up to £10,000 for vet fees.