Insurer
BMS hires Cooper Gay's Hitchings to head specialty reinsurance
BMS Group has launched a specialty reinsurance division with the appointment of Cooper Gay’s Andrew Hitchings as managing director.
Axa unveils big data tool for brokers targeting commercial business
Brokers are expected to be able to provide a more bespoke offering to clients following the launch of a big data tool by Axa that pools company information from public sources.
R&Q expects full year pre-tax result to be below expectations
Lower than anticipated investment income and a “disappointing” trading performance in the US have contributed to Randall & Quilter predicting its full year pre-tax result will be materially below market expectations.
Large losses below expectations at Catlin despite aviation disasters
Catlin has achieved third quarter gross written premium growth in line with its business strategy after chalking up a GWP rise of 11% to $4.89bn (£3.1bn) (Q3 2013: $4.42bn) for the period.
Markel expands trade credit team in Singapore
Markel has appointed Linda Naili as business development manager, trade credit for Asia-Pacific.
RSG hires Argo underwriter to lead London MGA
Chicago-based insurance services business Ryan Specialty Group has recruited Argo Re underwriter Mark Peeters to lead a new London-based managing general agent specializing in directors and officers liability cover.
QBE Europe motor director Bains exits
QBE European Operations has confirmed the departure of retail motor and business performance director Talbir Bains.
Duplication inflating Claims Portal figures
The Claims Portal has warned that duplication is inflating the total number of claims registered with the claims portal, but cautioned it is unable to estimate the scale of the problem.
Sawyer joins Barbican international property team
Barbican Insurance Group has appointed John Sawyer as an underwriter to lead property binders in its international property division.
Post magazine – 13 November 2014
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.
UK insurance industry ranks lowest in Europe for customer trust, finds EY
Consumer trust in insurance providers was lower in the UK than any other European country and 50% below the global average, according to research from EY.
Money Supermarket sees 15% Q3 insurance revenues boost
Price comparison website Money Supermarket saw insurance revenues grow 8% to £106m for the nine months ending 30 September 2014.
Brit shrugs off 'variable' market conditions after chalking up 4.9% GWP rise
Brit CEO Mark Cloutier is confident his firm will continue to deliver “healthy returns” for shareholders after the Lloyd’s insurer unveiled a 4.9% increase in gross written premium to £990.7m (Q3 2013: £944m) in the third quarter.
Novae delivers 6% GWP increase in Q3 despite property and casualty slump
Lloyd’s insurer Novae Group has chalked up a 6% increase in gross written premium to £515.1m for the period ended 30 September 2014 (Q3 2013: £484.6m), despite recording GWP reductions in its property and casualty businesses.
Report issues warning to London over threats posed by emerging markets
Market must ‘take notice and implement changes’ to compete in future
Personal injury claims on the up in motor as hearing loss claims rise too
Analysts predicting full year squeeze on profitability after Q3 results
Insurers warned to be choosy over increased private prosecution appetite
Private prosecutions ‘have a place’ in the industry’s ‘armoury’ against fraud
ABI signs joint letter on driving licence reform as government progress stalls
Ethics around restricting driving and passengers could be blocking progress
Bus crash fraudsters sentenced in £500,000 QBE claim attempt
Two crash-for-cash fraudsters that "meticulously planned" an attempt to claim £500,000 from QBE were sentenced today in the Manchester Crown Court.
Fraud 2014: Met insists fraud still on agenda despite Catcher demise
The head of the Metropolitan Police team charged with tackling crash-for-cash fraud has reassured insurers it will continue to take on investigations, despite falling victim to cost-saving measures within the force.
Fraud 2014: Government data security rules mean major challenges for My Licence
The government’s “incredibly restrictive” approach to personal data security has provided a major challenge for those working on the My Licence project, according to Driver and Vehicle Licensing Agency CEO Oliver Morley.
Fraud 2014: Defendant parties prioritised to assist with IFB strategy
Representatives from the defendant lawyer community will be part of the project teams tasked with ironing out the details around the Insurance Fraud Bureau’s five-year strategy, while question marks remain around whether claimant parties will be involved.
Fraud 2014: Insurers accused of making a ‘crisis’ out of fraud for own industry gains
The industry needs to work harder at collaborating to combat insurance fraud, including building strategic relationships with non-insurer parties, according to panellists at the Post Fraud 2014 event.
Fraud Focus: What will the next fight be?
As the industry tackles motor fraud, where will fraudsters turn their attention to next?