Insurer
Dai-ichi Life buys Protective Life for $5.7bn
Japan's second largest life insurer Dai-ichi Life is purchasing 100% of Alabama-based life insurer Protective Life for ¥582.2bn ($5.7bn).
AIG names McNamee as Aubert's successor in UK MD role
Jacqueline McNamee will take over from Nicolas Aubert as AIG’s managing director for the UK.
Former Brit UK CEO Burrows departs Axa
The former chief executive of Brit Insurance UK has resigned his role non-executive director, ending a three tenure at the insurer.
Travelers Birmingham branch boss Holloway rejoins Axa
Axa has secured the return of Travelers’ branch development manager Mark Holloway, who will come back to the business he left in 2010 as the head of its Birmingham operation.
Bogus whiplash claims driving up motor premiums in East London
East London motorists are paying more than three times more for car insurance than their West London counterparts due to high numbers of bogus whiplash claims, according to research from accident camera company Smart Witness.
Aviva top of the pile for digital user experience in motor
Personal lines insurers are lagging behind price comparison sites in terms of digital user experience, financial technology company Instinct Studios has warned.
Riot Damages: A north and south divergence
2014 appears to be the year for appeal cases dealing with riot damage.
Catlin receives Lloyd's license from Dubai
Specialist insurer and reinsurer Catlin has established a presence in the Middle East through an office in Dubai.
Impact on premiums of ‘heroism' Bill questioned
The Social Action, Responsibilities and Heroism Bill, announced in the Queen's Speech, will have little impact on insurance premiums, according to insurance law firm Browne Jacobson.
DAS appoints BDM for Northern region
Legal expenses insurer DAS has appointed Audrey Henshaw as business development manager for the Northern region.
AIG's Kvarns joins Ace as Nordic claims manager
Ace Group has hired Elisabeth Kvarns to be its country claims manager for the Nordic region.
ING confirms float of European insurance business
ING has confirmed plans to float Dutch insurance and investment business NN group on the Euronext Amsterdam index.
Organic growth named top priority for MGAA members
Organic growth has been named the top strategic priority for members of the Managing General Agents’ Association over the next three years, according to the first MGAA Matters survey.
Bangladesh insurer signs training agreement with CII
Bangladesh general insurer Green Delta has signed an agreement with the Chartered Insurance Institute to provide training for insurance professionals.
Australian homebuyers warned over rising premiums as climate changes
An Australian consumer watchdog Choice and Australia's Climate Institute are warning homebuyers to factor in rising premiums as a result of climate change.
Allianz working to protect Bristol staff at risk of redundancy
Allianz is hopeful around half of the 41 employees at risk of losing their jobs due to the planned closure of its Bristol business insurance centre will be found roles within the group.
Prosight bolsters underwriting team with multiple hires
Prosight Specialty Underwriters has appointed David Dunning as chief financial officer alongside a number of appointments in its underwriting team.
Ifed investigation leads to four 'crash for cash' arrests
Four people have been arrested in dawn raids following months of investigation by the Insurance Fraud Enforcement Department into a suspected ‘crash for cash’ gang.
Simmons becomes Ecclesiastical's first UK commercial director
Ecclesiastical has appointed Kevin Simmons to the newly created role of commercial director in its UK general insurance business.
Riot damages cap proposed in Queen's Speech
The government has signaled its intention to limit the compensation insurers can receive following riots with a series of amendments proposed in the Queen’s Speech this morning.
Hiscox adds two more to London D&O unit
Hiscox has added two more new hires for its London market management liability team, having previously recruited a duo from QBE and Allied World.
Brit poised for promotion to FTSE 250 exchange
Brit Insurance is to be included on the FTSE 250 index on the London Stock Exchange as part of a quarterly reshuffle of listed firms.
Axa motor boss Byford to head up retail underwriting at ERS
ERS has hired Axa’s head of motor personal lines intermediary Jon Byford to head up retail underwriting at the broker-only motor insurer.
Post magazine – 5 June 2014
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