Insurer
Ecclesiastical bolsters board with Taylor appointment
Specialist insurer Ecclesiastical has appointed former Goldman Sachs Asset Management boss Caroline Taylor as director to the board of the group’s insurance business Ecclesiastical Insurance Office.
Hill Dickinson unveils anti-fraud travel database
Travel insurance fraudsters have been put in the crosshairs by law firm Hill Dickinson through its launch of a new database to support insurers in stopping fraudulent claims.
Organic growth at Quindell sparks 119% rise in H1 revenue
Outsourcing firm Quindell has attributed “strong organic and synergistic growth” for a 119% increase in revenue to £357.3m for the opening six months of the year (H1 2013: £163.3m).
Ecclesiastical turns underwriting profit for first time in five years
Ecclesiastical recorded a reduced a pre-tax profit of £18.4m for the first half of the year (H1 2013: £24.4m) despite achieving an underwriting profit for the first time since 2009.
Post Blog: Six reasons you cannot miss Claims Club meeting 3
Next month the Post Claims Club returns with its third quarterly meeting.
BIA award winner video: Ingenie founder and CEO Richard King
Ingenie founder and CEO Richard King explains how an idea developed in his kitchen wooed both footballing pundit Gary Lineker and the British Insurance Awards judges.
DfT denies driverless convoy trial plans
The Department for Transport has denied that the UK government is plotting trials of convoys of driverless lorries on UK roads next year.
Post magazine – 21/28 August 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.
Construction insurer launches ECS-backed liability covers
Construction industry insurer Trade Direct has partnered with the UK Electrotechnical Certification Scheme to launch a new range of liability products.
Allianz creates new role to forge closer ties between claims and retail division
Allianz has appointed Richard Nettleship to the newly created role of proposition and change relationship manager, in a bid to forge greater links between its claims team and its retail division.
Helvetia shareholders urged to support Nationale Suisse takeover bid
Shareholders of Swiss insurance company Helvetia have been summoned to an extraordinary shareholders meeting where they will decide on the capital increase required for the takeover of Nationale Suisse.
Telematics M&As tipped to hit peak as Admiral mulls Insure the Box purchase
Rumoured deal follows those involving Wunelli and Ingenie in recent months.
Analysts criticise insurers’ use of reserve releases for distorting H1 results picture
Admiral boss Engelhardt calls focus on reserves in financial reporting ‘bizarre’
ABI gets industry backing after L&G’s decision to withdraw membership
Trade body tight-lipped on whether L&G exit will impact membership fees.
ABI welcomes LSB delay on 'misguided' PI cover reduction
The Association of British Insurers has described the decision by the Legal Services Board to prevent a reduction in the minimum terms for solicitors’ professional indemnity insurance ahead of the October renewal period as “a victory for common sense”.
Editor's comment: We’re better off with one voice
There is something to be said for going it alone, for forging a new path, breaking new ground and taking a stand.
Quindell begins legal proceedings against Gotham in the US
Outsourcing company Quindell has confirmed that it has started legal proceedings against US short sellers Gotham City, as well as a blogger that repeated “defamatory” claims about the company.
Blog: Five insurance investments by Fosun
Following Fosun's acquisition of a 20% stake in Ironshore, Postonline looks at five key insurance investments by the privately owned Chinese conglomerate.
QBE Europe sees GWP drop 13%
QBE Europe's first half gross written premiums fell 13% to $2.69bn (£1.62bn) from $3.1bn in the same period of 2013.
Iceland raises new ash cloud warnings
The Icelandic Met Office has warned of an increased risk of volcanic ash following powerful seismic activity at Iceland’s Bardarbunga volcano.
Penny Black’s Insurance Week - 21/28 August
It was a case of keeping it in the family for LV chief executive Mike Rogers as his firm hosted a hospitality box at the first day of the fifth England vs India test match at the Oval last week.
Career file: Adam Kornick: Aviva recruits from Progressive for global analytics boss
Aviva has recruited Progressive’s vice-president of big data to helm its own analytics operations.
Career Development: Allianz opens its technical school leaver programme for A-level students
Allianz Insurance has opened its technical school leaver programme for the fourth year running to give students with A-level qualifications the opportunity to work within its retail division.
Market Moves - 21/28 August 2014
All the latest job moves in the insurance market.