Insurer
Why it's time for the insurance industry to wave goodbye to outdated systems and processes
by Steve Vallis, business systems consultant at Mercato Solutions
More M&A activity predicted for 2014 as UK leads the way in Europe
Mergers and acquisitions completed within the UK insurance market last year dwarfed similar deals in the rest of Europe, according to Grant Thornton, which is predicting more acquisitive activity in 2014.
QBE's Fitzpatrick to join Ascot
Ascot Underwriting has appointed David Fitzpatrick as executive underwriter for international casualty.
Geneva Association zeroing in on social value of insurance
The Geneva Association is conducting research on the social and economic value of insurance, according to its annual report.
Alterra deal boosts Markel International premium income by 40% in Q1
Markel International president and chief executive William Stovin has attributed last year’s acquisition of Alterra as the driving force behind a 40% increase in premium income to $414m (£244m) in the first quarter of 2014.
One Insurance discovers fraud claims worth £100k
Doncaster-based One Insurance has halted two fraudulent claims which could have cost the company more than £100 000.
Hill Dickinson launches reputation product
Hill Dickinson's insurance business group has developed a reputation risk audit product.
Jargon-busting claims transparency scheme unveiled by Axa
Axa has teamed up with the British Insurance Brokers’ Association in a bid to provide a more transparent claims process for customers.
Europe: Kidnapping - The criminal act of our century
European businesses need to ensure they are covering their employees against kidnapping, a growing phenomenon on the Continent
MOJ calling for feedback on whiplash report costs
The Ministry of Justice is seeking feedback on whiplash reform proposals including fixed costs for medical examinations and reports.
Allianz appoints Wenzel as actuarial and planning director
Allianz has appointed Kevin Wenzel as director for actuarial and planning, replacing Kathryn Willis who is retiring from the business.
Kerry London rebrands as Kelliher Insurance Group
Kerry London Group has rebranded to Kelliher Insurance Group drawing on the business' history and the values of its founder Joe Kelliher.
Nelson urges industry to factor climate change into cat models
Climate change is real and must be factored into all future catastrophe modelling, Lloyd’s chairman John Nelson has warned.
NIG launches telematics app for small fleets
NIG has launched a telematics smartphone app to help SMEs manage their fleets.
Beazley's posts $2m fall in GWP for Q1
Beazley posted gross written premium of $516m (£304m) for the first quarter of 2014, down from $518m in the first three months of 2013.
RSA sees NWP fall 4% in first quarter
RSA saw underlying net written premiums fall 4% in the first three months of 2014 as the effects of its portfolio action plan and a more disciplined underwriting approach across all regions took hold.
ING injects further €850m of capital ahead of listing
So far this year ING has provided €1.85bn of capital to its insurance arm the NN Group ahead of an expected listing in Amsterdam.
Swiss Re appoints former FINMA boss as group CRO
The former chief executive officer of Switzerland's financial market supervisory authority Finma is to become Swiss Re’s new group chief risk officer.
SRA proposes aggregation limit and run-off cut for compulsory PI cover
The Solicitors Regulation Authority has proposed cutting the limit of compulsory professional indemnity cover to £500 000 for any one claim, and introducing an aggregation limit, in its consultation on the PI minimum terms published today.
Retirement of LV Broker's Alan Rice sparks glowing tributes
Colleagues and broking clients have united in offering a fond farewell to popular LV Broker strategic account manager Alan Rice ahead of his retirement at the end of the week.
Axa posts 3% increase in P&C revenues in Q1
Axa posted revenues of €28.5bn (£23.4bn) for the first quarter of 2014, up 2% on a comparable basis, but down 1% on a reported basis.
Caravan Guard elevates Ryan Wilby to managing director
Caravan Guard has appointed Ryan Wilby as its managing director taking over from his father, Peter Wilby, who has been appointed chairman.
Markel looks to Hiscox for underwriting role
Markel UK has appointed Liam Greene as professional and management risk underwriting manager.
Direct Group swoops for iGO4's Cooper
iGO4 co-founder Tom Cooper has joined Doncaster-based insurance services business Direct Group as a consultant.