Insurer
Chartered employees earning at least 25% more, CII survey finds
A survey by the Chartered Insurance Institute has found that chartered employees earn more than a quarter more than their non-chartered colleagues.
Editor's comment: Do as I say, not as I do
Insurers and brokers have been warned to be on their guard after the Financial Conduct Authority set out its stall for 2015 and set its sights on a general insurance shake-up with another series of reviews – despite many thinking this might be the year…
Post magazine – 2/9 April
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
Allied World seals purchase of RSA's Hong Kong and Singapore operations
The sale of RSA’s businesses in Hong Kong and Singapore to the Swiss-based Allied World Assurance Company has been completed.
Catlin completes Insure the Box sale
Aioi Nissay Dowa Insurance has finalised its acquisition of Insure the Box and Drive Like a Girl from Catlin.
Independent Insurance to be re-launched at Biba Conference 2015
Independent Insurance is to be re-launched at the 2015 British Insurance Brokers’ Association Conference in Manchester Post has learnt.
Judge dismisses first full case for fundamental dishonesty
A Telford County Court judge has dismissed the first full trial due to a finding of fundamental dishonesty.
Elite says unrated status not an issue for potential Medco customers
Elite Insurance's chief operating officer Russell Smart has stressed that customers should not be worried by the fact that the firm is an unrated carrier.
Career Development & CSR: A helping hand for local causes
Aviva has launched the Aviva Community Fund, an initiative that will lend a helping hand to local communities by offering support and funding for inspirational local causes.
Career File: Clive Nicholls - Crawford & Company names new UK CEO
Clive Nicholls has been appointed as CEO of Crawford & Company UK & Ireland in a leadership reshuffle following its acquisition of GAB Robins.
Market Moves - 2 April 2015
Who has moved where this week.
Independent's creditors to vote on scheme in June
Scheme creditors of the collapsed Independent Insurance Company are to meet on 1 June 2015 to consider a scheme of arrangement which is being proposed as an alternative to the company being liquidated.
GI players under the microscope as FCA increases its focus on the sector
Insurers and brokers have been warned by market observers to be on their guard after the Financial Conduct Authority outlined a series of reviews designed to shake-up the general insurance sector.
Europe: Major Events in the Russian Insurance Market in Q1 2015
Paul Koshik looks back at the first quarter of this year in the Russian insurance market
Further insurer run-off expected in Gibraltar as others plot arrival on The Rock
Several Gibraltar-based firms in danger of entering run-off are under intense regulatory scrutiny, according to market insiders, while the British overseas territory's financial watchdog says it has a number of interested parties on the hook to establish…
Covéa credits 'disciplined' pricing for 40% rise in 2014 pre-tax proift
A “disciplined approach to pricing” has been attributed to Covéa Insurance's improved combined operating ratio of 97.8% for 2014 (FY 2013: 98.7%).
ERS adds chief risk officer Ryan to the Board
Ryan Warren is to join ERS as chief risk officer and as a director of the Equity Syndicate Management Limited Board.
Germanwings loss to maintain aviation market pricing pressure
Pricing in the aviation market is expected to remain competitive in spite of the Germanwings crash on 24 March, according to AM Best.
RSA's Hood resigns two months after taking on CDO role
RSA chief digital officer Ian Hood has resigned from the insurer just two months after taking on the role and has set his sights on a move to a different sector.
Digital Literacy: Let’s get digital
It’s good to talk – but it helps if you know what you’re talking about. Insurers need to be confident in their digital innovations or risk losing out to more literate competitors.
Pro Global to invest in growth in 2015 after year of restructuring
Service provider Pro Global Insurance Solutions delivered a total group profit of £3.8m last year, compared to a £33.5m loss in 2013, following the demerger of its run-off business.
Resistance to oil shocks behind UK's ranking in global resilience index
The UK remains the 20th most resilient country in the world in terms of economic, risk and supply chain qualities, according to the latest FM Global Resilience Index.
Interview - Gilles Galludec: Learning to share
Index insurance has come of age from its humble beginnings but more knowledge sharing is required if the market is to reach its potential, according to Gilles Galludec, program manager for the World Bank’s Global Insurance Index Facility.
Koh excited by Generali Asia marketing role
Tricia Koh has been confirmed as Generali Asia's head of value proposition and marketing after joining from Allianz Global Corporate & Specialty last December.