Insurer
Aviation rate rises ‘more muted’ than initially hoped, says Beazley boss
Intense competition in the aviation market - particularly in the area of war risks - has prevented the industry securing the rate rises necessary following a spate of costly plane losses, according to Beazley’s chief underwriting officer Neil Maidment.
Number of investors seeking Quindell class action tops 500
The number of disgruntled investors seeking to take legal action against insurance claims outsourcer Quindell has grown to 500 and counting, according to law firm Your Legal Friend.
Ex-government minister Mark Hoban named Flood Re chairman
Former Financial Secretary to the Treasury Mark Hoban has been appointed to the role of chairman of Flood Re.
Reduced reserve releases impact Beazley profits
Beazley recorded an 18% reduction in profit after tax from $264m (£173.7m) in 2013 to $217.8m for the year ended 31 December 2014.
Did Nationwide score a touchdown or fumble the ball with its #makesafehappen Super Bowl advert?
The screening of an advert of US insurer Nationwide during the Super Bowl triggered a debate about insurance commercials, the likes of which has not been seen in the UK. Jonathan Swift looks at the fallout and asks six experts for their views.
Allianz Commercial promotes Dixon as casualty boss Dee departs
Allianz Commercial’s head of property insurance Catherine Dixon has had her remit extended to cover property and casualty following the role departure of casualty boss Chris Dee.
Post magazine – 5 February 2015
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.
Editor's comment: Applications welcomed
“Born again broker seeks new CEO to restore business with falling Ebitda and declining income to its former glory days. Experience of broking market preferable along with proven track record.”
Duff and Phelps to acquire American Appraisal
Global valuation and corporate finance advisor Duff & Phelps Corporation has agreed to acquire global full-service valuation and fixed asset management advisor American Appraisal.
Ageas confirms Stanley’s departure after ‘consultation process’
Ageas’ change and development director will be leaving the business at the end of March, the insurer confirmed today.
Insurance Bill awaits royal assent after passing in Commons
The Insurance Bill passed unanimously in the House of Commons today (3 February) and is now only waiting for Royal Assent to become law.
RSA holds motor event at the House of Commons
MPs, transport officials, road safety and telematics specialists met in the House of Commons today (3 February) to discuss how government and businesses can work together to ensure emerging technologies benefits drivers.
Voluntary code mooted to tackle automatism loophole
Insurers should consider adopting a voluntary code to ensure injured policyholders are compensated even in situations where negligence cannot be established, according to the firm at the centre of an automatism loophole dispute.
Gallagher announces interim CFO for international business
Arthur J Gallagher has appointed Ian Story as interim chief financial officer for the company’s international business, subject to regulatory approval.
Penny Black’s Insurance Week - 5 February
Insurance industry journalism and glitzy awards dos go together like peanut butter and jelly.
Towergate tipped for future sale despite debt-for-equity deal
There is “no question” Towergate will be up for sale once again in the coming years, according to market insiders, who believe the swift appointment of a CEO is paramount following this week’s debt-for-equity deal.
In Series: Corporate Risk: Leading the way
Claims management in the corporate space needs a tailored and clearly communicated approach, so how can insurers and brokers eradicate the grey areas to deliver this successfully?
Voice of the Future: Kathyrn Considine
Post talks to talented newcomers about what attracted them to insurance. This week it's the turn of Kathyrn Considine, international account handler, Carroll London Markets.
Market Moves - 5 February 2015
All the latest job moves in the insurance market.
Interview: Stewart Ower: Going with the flow
Chairman of UK Spill Stewart Ower plans to use his tenure to ensure any environmental aspect of a claim is one recognised as early as possible, so proactive intervention can help take control of claims costs
Low cat losses sees XL record best COR in over 15 years
XL Group has chalked up its best property and casualty combined operating ratio in more than 15 years after benefiting from one of the lowest catastrophe years in recent times.
C-Suite - Insurer: False claims still a pain in the neck
Cross-industry taskforce on fraud welcome as frequency of personal injury claims rises once more
Insurance industry failing to engage on social media as UK lags behind US
UK companies are being outperformed by their US counterparts in their use of social media for corporate communications, according to an Investis review, which ranked the insurance industry as one of the lowest performing sectors.
India's Insurance Bill could open door for Lloyd's
Lloyd's is keen for India's long awaited Insurance Bill to be ratified by Parliament.