Insurer
Ace recruits from Accenture firm for head of travel, Asia-Pacific
Ace has appointed Jon Ford as vice president and head of travel, Asia-Pacific.
The Policy Shop cashes out with sale to Markerstudy
Markerstudy has bolstered its gross written premium by £20m with the acquisition of personal lines broker The Policy Shop.
CILA president Jones targets next generation of loss adjusters
Bringing through the next generation of loss adjusters has been described as “number one” in Mike Jones’ top three objectives for his year as president of the Chartered Institute of Loss Adjusters.
Europe: New rules for Dutch-based insurers
Martijn van Broeckhuijsen looks at the tough new rules Dutch-based insurers could be facing around remuneration
SSP tackles £2.8bn application stage fraud with software launch
Software provider SSP has launched a counter fraud solution within a pricing and data platform in a bid to enable insurance companies to clamp down on rising motor fraud at the policy application stage.
AGCS names Feng as Mitchell's successor in Hong Kong
Allianz Global Corporate & Specialty SE has appointed its Singapore branch regional manager for financial lines Asia, Chin Feng, as chief executive of the firm’s Hong Kong branch following Mark Mitchell's promotion to regional CEO for AGCS Asia.
Thompsons condemns ABI motor application fraud sums
Claimant law firm Thompsons Solicitors has hit out at figures from the Association of British Insurers which claims to show the scale of application fraud in motor insurance.
Insurers to face 'soaring' VAT bills following ECJ ruling
A ruling from the European Court of Justice is likely to add hundreds of millions to European insurers’ VAT bills, according to tax experts.
IFR promises ‘rapid action’ on broker engagement
The Insurance Fraud Register is targeting increased participation from distributors as a high priority according to Axa’s global head of fraud and IFR project sponsor Richard Davies.
Flood resilience guide for homeowners offers insurance advice
Homeowners at risk of flooding are set to benefit from a comprehensive guide to flood resilience that provides insight on a range of issues including insurance.
IFB to launch small broker model in October
A new model designed to bring small brokers into the Insurance Fraud Bureau will be launched on 1 October.
Independent Scotland would face higher infrastructure funding costs, warns Wilson
Aviva group chief executive Mark Wilson has warned that Scotland will face higher costs to access infrastructure funding if it opts to leave the union.
Moore Stephens hires ex Mazars insurance partner
International consultancy firm Moore Stephens has appointed Omar Ripon as partner in its insurance industry group.
Post magazine – 18 September 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.
Chubb syndicate expands into accident and health
Chubb Syndicate 1882 at Lloyd’s has expanded its product offering with the addition of accident and health business.
Touchstone prepares first product launch on e-trading platform
Touchstone Underwriting will launch the first of its online products onto its e-trading platform on 1 October, ahead of plans to introduce a raft of additional web-based offerings.
Barnsley warehouse fire costs Asos up to £30m in lost sales
An Asos warehouse fire that damaged thousands of pounds of stock has cost the company up to £30m in lost sales after the online retailer was forced to suspend orders.
Application fraud inflates annual insurance bills by £50, claims ABI
The Association of British Insurers is backing the development of schemes such as the Insurance Fraud Register and the My Licence initiative as a way of clamping down on rising application fraud.
Water infrastructure investment booming in Hong Kong
The Hong Kong government is growing its investment in water infrastructure at a rapid pace according to AIG.
ABI calls for PI regulation exclusion for in-house fraud teams
The Association of British Insurers has argued that planned regulation of private investigators should not apply to insurers’ in-house fraud investigation teams.
Editor's comment: Pitching to the politicians
Later this month the major political parties will hold their final conferences before the 2015 general election — providing a critical opportunity for the insurance industry to influence policy making and politics before manifestos are locked down.
Insurers braced for disappointment as CMA motor report deadline approaches
Disparity between credit hire and direct hire costs among most contentious issues
RSA senior staff exodus all part of the plan for Hester as cutbacks continue
Tara Kneafsey and Paul Greensmith are latest senior figures to leave the insurer
News Analysis: Party conference season approaches
With the Green Party positioning itself as the ‘real opposition’ to the coalition government, reality TV star ‘White Dee’ Deidre Kelly set to speak at the Conservative Party Conference alongside David Cameron and the furore surrounding the ‘Yes’ vote…