Insurer
Applied Systems to support Relay's push into Northern Irish market
US-based technology firm Applied Systems has struck a partnership deal designed to support Irish intermediary software provider Relay’s expansion into the Northern Irish market.
Maurice Tulloch handed Pool Re non-executive role
Aviva's UK and Ireland general insurance CEO Maurice Tulloch has been named as a non-executive director at Pool Re.
Euler Hermes Q1 revenues jump 5.1%
Trade credit insurer Euler Hermes has reported a 5.1% increase in revenues for the three months ended 31 March 2015 to €670m (£478m).
ABI premium tracker shows home rates down 2% in Q1
Home insurance rates continued to fall in the first quarter of 2015 with an average combined building and contents policy now costing 79 pence a day, figures from the Association of British Insurers showed.
CMA gives green light to Xchanging's purchase of Agencyport
Xchanging’s acquisition of Agencyport Europe has been cleared by the Competition and Markets Authority following an in-depth investigation by the regulator.
Editor's comment: Insuring the uninsurable
Insurance industry leaders repeatedly tell me how proud they are of the sector’s ability to innovate – after all insurance is usually at the cutting edge of developments and insures risks ranging from satellites in space to deep sea exploration.
New South Wales' storms to cost IAG A$300m
Insurance Australia Group is counting the cost of two damaging storms in the same week.
Zhang to exit Markel after Shanghai office opening
Steven Zhang, chief representative of Markel's Beijing office, will be leaving the company after helping establish the Shanghai office.
Philippines' GI profits surged in 2014 from low base
The Philippines' 65 general insurance companies profits in 2014 climbed to 2.4bn pesos (£35.4m) up 192% from 822m pesos of profit in 2013.
From Croydon to Berlin: The geography of insurance disruption
There is constant talk of disruption and digital innovation in the personal lines insurance market, but when it comes to concrete facts about where it's coming from, all we have is – often wild - speculation.
Aviva and Covéa join fraud task force working party
The insurance fraud task force has set up a working party to examine where issues arise in the personal injury claims process.
Quotas not seen as the cure for lack of London market diversity
London market professionals have acknowledged more needs to be done to overcome its historic lack of inclusivity, but have stopped short of backing a quota system as a means to increase diversity in the marketplace.
Industry dismissive of Apil plans for mandatory PL cover
Industry leaders have distanced themselves from calls by the Association of Personal Injury Lawyers to introduce compulsory public liability insurance by suggesting it may damage the sector’s reputation among small businesses.
Insurers told to change ways or lose loss adjusting capacity
Insurers have been warned of the potential consumer detriment of in-housing claims by loss adjusting bosses who have backed the stance taken by Chartered Institute of Loss Adjusters' deputy president Benedict Burke over the industry’s ability to provide…
Parabis names Powell as Oliver's eventual successor as CEO
Parabis Group has appointed chief operating officer Jason Powell to the role of CEO amid a wider boardroom reshuffle at the legal services group.
CII unveils best practice to aid information sharing and tackle fraud
A data sharing initiative designed to speed up the process of exchanging claims information between insurers has been unveiled as part of the industry’s ongoing fight against fraud.
Brain Training: 10 things you need to know about... conduct risk
1. Don't be fooled - conduct risk is not just treating customers fairly with some new bells and whistles
Career File: Richard King to leave Ingenie
Ingenie co-founder and CEO Richard King will step down in June, following a transition process that will see chief operating officer Chris McKee take over the controls at the telematics firm.
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.