Insurer
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
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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?
Zurich mulls closure of defined benefit pension scheme
Global insurer Zurich is planning an overhaul of the benefits provided to UK employees which would see the closure of its final salary pension scheme.
Career development: Aviva and Solus unveil Thatcham-backed training scheme
Directors at Solus and Aviva have joined with new apprentices at Thatcham’s Automotive Academy to launch a new multi-discipline training programme.
Market Moves - 13 November 2014
All the latest job moves in the insurance market.
Marsh appoints Cormier as head of product development
Broker Marsh has appointed Michael Cormier as head of portfolio development.
Zoos: The nature of the beast
The death of a man who entered a tiger enclosure at a Delhi zoo made global headlines in September, but has the tragedy had an impact on the wider zoo insurance sector – and how can the industry protect itself from such incidents?
In Series: Personal Injury: Is the tide turning?
While insurers are hopeful recent reforms have signalled a sea change in personal injury, making it more difficult to succeed with fraudulent claims, claimaint lawyers say genuine claimants will suffer. So who’s right?
Aviva's Tulloch to chair ABI General Insurance Council
Aviva UK and Ireland general insurance CEO Maurice Tulloch has been appointed chairman of the Association of British Insurers' General Insurance Council management committee.
Interview: Mike Holliday-Williams: Back from the cold
After more than three years as RSA Scandinavia CEO, Mike Holliday-Williams is back on home soil as DLG managing director of personal lines. He tells Post what he’s learnt from his time abroad and how he is responding to the changes in the UK market