Insurer
BHSF announces four board changes
Midlands-based BHSF Group has made four changes to its board with group chief executive Peter Maskell calling the appointees “extraordinarily-capable”.
BIA Countdown: Young achievers look back: Q&A with Keeley Goding and David Britton
As part of Post’s countdown to the 20th anniversary of the British Insurance Awards in July, we spoke to two past winners of the Young Achiever accolade. Keeley Goding won the award in 2010 for her work in Hiscox’s technical claims business, while David…
Fraud focus: Lies, damned lies and statistics
On 23 January the Office for National Statistics released its annual review of crime figures for England and Wales.
C-Suite – MGA: The devolution of personal lines
Is big data really the answer to stopping the rot that has taken hold in personal lines insurance?
C-Suite – Insurer: Regulation through collaboration
All parties have a role to play in order to achieve improved regulation of the motor insurance market.
Healthy Pets to enter white label market
Healthy Pets is set to provide white labelled pet insurance products to insurers and retailers on an affinity basis.
Drumm-owned business to pick up pieces following Eric withdrawal
Coast Underwriting is preparing to put an A-rated reinsurance programme in place to offset the fallout following the decision by the unrated European Risk Insurance Company to stop accepting new business, renewals or requests for coverage increases.
Keycare promotes three to associate director roles
The UK’s largest provider of insurance for lost and stolen keys has promoted three of its 35-strong team to the roles of associate director.
Amlin teams with Oxford Uni on modelling project
Amlin will today release the initial findings of a research project with Oxford University on fears of systemic dangers generated by the increasing prevalence of risk modelling.
Markel 2013 profits climb after Alterra acquisition
Markel has seen its 2013 profits improve by almost $30m after integrating Bermudian insurer and reinsurer Alterra.
European CFOs optimistic on profitability growth
European insurance chief financial officers are optimistic about increasing profitability, with a Moody’s survey finding nearly half of CFOs predicting their operating profit would grow between five and 10% in the next year.
QBE recruits from Allianz, AIG and Hiscox in tech drive
QBE has swooped for four new technology, media and telecommunications specialists, recruiting from Allianz, AIG and Hiscox.
UK floods tipped to cost industry close to £500m
PWC has estimated weather-related damage in December 2013 and January this year could cost the insurance industry up to £500m.
Allianz launches new healthcare plan for seafarers
Allianz Worldwide Care has unveiled a new healthcare product designed to provide care to seafarers in compliance with the Maritime Labour Convention.
Ace Global Markets increases environmental insurance capacity
Ace Global Markets is increasing its capacity for clients seeking environmental liability insurance coverage to $50m (£30m).
Education, education, education
Fraud is a major and growing issue. We've all heard the figures bandied around about how much this crime costs our industry, but the responsibility for tackling fraud does not lie at any one door.
Contractors urged to up security as theft claim value increases
Building trades insurer ECIC is urging contractors to increase security to protect their equipment after the claims value of tool theft increased by £2226 in the past year.
Positive market response leads LWI to pursue global growth
Energy loss adjuster Lloyd Warwick International is planning on opening new offices and recruiting “stars of the future” in a bid to support international growth.
UK pet insurance market expected to remain stable
The outlook for UK pet insurers remains positive over the next five years following a 35% increase in the market between 2008 to 2012, according to an insurance software provider.
Now Health launches Singapore operation
Health insurer Now Health International has opened a Singapore office partnering with Tenet Sompo as its underwriter in the region.
CFC annual pre-tax profits climb 27%
The UK’s largest specialist lines managing general agent has witnessed both its revenues and profits climb in figures issued this morning.
Aviva faces £323m bill for technical errors
Aviva is facing a compensation bill of up to £323m following technical errors that have resulted in underpayments over a number of years, according to reports.
Pre-tax profits at Catlin climb 27% in 2013
Catlin's pre-tax profits reached $432m in 2013 - up 27% from $339m the previous year.
Soft market in Asia to hit record, says Marsh
Commercial insurance rates in Asia are expected to reach historic lows this year, according to Marsh's 2014 Asia Insurance Market Report.