Insurer
Insurance Fraud Register Ready for lift off
First formulated in 2009, the Insurance Fraud Register is finally ready for launch. Will it create a sea change in the way the industry tackles fraud?
North of the border: Taking steps on civil claims
The Scottish government plans to increase the limitation period from three years to five years.
Agriculture: Hard times
With a predicted increase in extreme weather events expected to add to the many difficulties already faced by farmers, how can the insurance industry better support the beleaguered sector?
C-Suite: Different expectations pose risk
The government and the industry are not on the same page when it comes to motor premium reductions.
Career development: Allianz Commercial scholarships open for applicants
An Allianz scholarship programme supporting broking staff in achieving their Chartered Insurance Institute diploma has opened for applications.
Career file - Ian Foy: Aviva appoints ex-IAG UK boss to new GI role
Aviva has appointed Ian Foy to the newly created role of managing director of personal motor, home and specialist lines within its UK & Ireland general insurance business.
Market Moves - 30 January 2014
Admiral, Canopius and Novae were among the recruiters in what was a busy week for insurers, with Bollington and JLT-owned Thistle the brokers making moves.
Markel welcomes Lloyd's Dubai plans
Markel has welcomed the proposed Dubai branch of Lloyd’s acknowledging the market cannot wait for business to come to London.
Interview: Xchanging CFO David Bauernfeind
Xchanging’s CFO, David Bauernfeind, is in the middle of a major organisational transformation while managing the demands and pressures of a listed company.
Ace hires Willis’ Stuart Elliot to grow terrorism book
Ace Group has appointed Stuart Elliot as terrorism and political violence underwriter responsible for growing the its terrorism book.
Industry facing £426m bill for Christmas floods
The insurance bill for storm and flood damage over the 2013 Christmas and New Year period will cost the industry around £426m, according to the Association of British Insurers.
RBS reserves additional £465m for PPI claims
Royal Bank of Scotland has reserved £465m for further claims of mis-sold payment protection insurance after instances failed to decline as expected.
Marketform recruits Franks to boost cargo business
Lloyd’s specialist underwriter Marketform has recruited Howard Franks as a consultant to work with cargo underwriter Nicholas Edwards.
Chinese insurers investing heavily in Australian property
Chinese insurers are set to ramp up investment in Australian commercial property by 30% this year.
Indonesian authority sets pricing guidelines for disaster coverage
The Indonesian Financial Services Authority has given insurers minimum and maximum prices for disaster coverage of motor vehicles and property to stop unhealthy competition.
Young driver debate welcomed despite lack of progress on green paper
Companies in attendance at a Westminster Hall debate on young driver safety have welcomed the opportunity to engage in a collaborative industry discussion, but questioned the prolonged delay of a green paper on the issue.
UK businesses taking more risks, QBE research finds
More than half of UK businesses are taking more risks than previously in order to win new business, according to research from QBE.
Proximity to schools and supermarkets used in claims propensity study
Homeowners in certain parts of Sheffield, Newcastle-upon-Tyne and Kent are among the most likely to make a home insurance claim, according to a study conducted by Marketing Matrix.
RSA likely to axe 2013 dividend says analyst
RSA may scrap plans to pay a 2013 full year dividend according to a report from Shore Capital analyst Eamonn Flanagan.
Beazley and Hiscox launch D&O consortium
Lloyd’s players Beazley and Hiscox have joined forces on a new D&O facility for brokers and clients.
ABI’s Evans slams lack of political courage on young drivers
The Association of British Insurers has condemned stalled progress on a government green paper investigating updated rules for young drivers.
FCA claims review coincides with improving London market service quality
London market insurers have been “upping their game” in terms of claims service quality amid an ongoing Financial Conduct Authority thematic review, according to the results of Gracechurch Consulting’s 2013 claims performance monitor.
Ageas UK appoints State Street as accounting services provider
State Street Corporation has been appointed by Ageas UK to provide global custody and investment accounting services for $4.5bn (£2.7bn) of its assets.
Clements Worldwide makes double appointment in London office
Clements Worldwide has made two appointments in its London office including promoting UK managing director Dan Francis to global business development vice president.