Insurer
Questgates strengthens motor division
Specialist loss adjuster Questgates has appointed two new motor case managers to its motor division, following an increase in the volume of new instructions from both new and existent clients.
Lancashire delivers 58.8% H1 COR
Bermudian insurer and reinsurer Lancashire has reported a combined ratio of 58.8% for the first half of the year, and 66.9% for Q2.
Middle quits Aviva to become Ageas partnerships director
Aviva’s Ant Middle is stepping down from the role of strategic partnerships director to take on a similar position at Ageas.
Renewable energy market could triple insurance spend by 2020
The amount spent on insurance annually to mitigate risks to renewable energy projects could triple by 2020, according to a new report sponsored by Swiss Re.
Irish health insurer VHI signs deal with Berkshire Hathaway
State-owned Irish health insurer VHI has signed a €700m deal with US investor Warren Buffet’s company Berkshire Hathaway.
Apil welcomes much-awaited mesothelioma consultation
Claimant lawyers have welcomed the opportunity to speed up the resolution of mesothelioma cases following the release of a consultation on these claims.
Fraud costs the industry £1.1bn a year
Fraudulent insurance claims uncovered by insurers have topped £1.1bn a year as the industry’s clampdown on insurance cheats intensifies, according to a figures by the Association of British Insurers.
A quarter of global economic losses in H1 covered by insurers
Around 24% of global economic losses of $85bn during the first half of 2013 were covered by insurance, according to Aon Benfield’s Impact Forecasting centre.
Aon analysis shows 24% of H1 losses covered by insurance
The $20bn (£13bn) total of insured losses for the first six months of the year was approximately 20% below the 10-year average of $25bn (£16.3bn), according to Aon Benfield’s Impact Forecasting centre.
Europe: Tapping new risk
Is there a potentially untapped market on the continent for non-standard customers? Katie Marriner investigates.
Keoghs increases fraud savings by 26%
Counter-fraud legal services provider Keoghs said today it helped insurers avoid paying £156m on suspected fraudulent claims in its last financial year – a 26% increase on 2012.
Portal extension should include multi-defendant claims, argues Zurich boss
Multi-defendant disease and deafness claims should be included in the extended road traffic accident portal, according to Zurich’s casualty claims director Karl Helgesen.
DLG’s Tom Woolgrove new CII president
Direct Line Group’s Tom Woolgrove is to take over from Amanda Blanc as president of the Chartered Insurance Institute, following an election at the organisation’s annual general meeting.
Hiscox launches online insurance platform in Germany
Hiscox started offering insurance in Germany via a direct and online insurance offering.
Hiscox expands in Germany with online platform
Hiscox has launched a new direct and online insurance offering in Germany, aimed at businesses with up to €2.5m annual revenue in knowledge-based professions including IT, management and business consulting.
Zurich launches policy validation unit for brokers to help tackle fraud
Zurich has launched a dedicated policy validation unit in a bid to help personal lines brokers tackle fraud at the quote stage.
Solvency II voted biggest regulatory challenge by EMEA insurers
Over 90% of insurers in Europe, the Middle East and Asia view Solvency II as the biggest regulatory challenge facing their organisation, according to a study by the Economist Intelligence Unit.
Solvency II is "biggest challenge" for 90% of EMEA insurers
Solvency II tops the list of the biggest regulatory challenge for insurers in Europe, the Middle East and Asia, according to a study by the Economist Intelligence Unit.
The Insurance Fraud Awards shortlist 2013
Growing once again in popularity, the fifth annual Insurance Fraud Awards received a record number of entries and we are delighted to announce the shortlist.
Post magazine - 25 July 2013
In this week's Post, the Financial Stability Board's listing of global systemically important insurers has raised concerns over a "lack of clarity" on why implicated firms are on the list and the costs that will be generated by an enhanced supervisory…
Volvo AEB system sparks reduced premiums for drivers
Volvo claims that its autonomous emergency braking system could save motorists up to £160 per year on their car insurance premiums, after the manufacturer declared the system will be fitted on most new models.
AIG appoints Jason Beelders to lead new partner network
Jason Beelders has been named head of AIG Europe’s newly formed multinational network partner practice, based in London.
Aviva faces cost backlash over adjusting panel cuts
Redundancies feared at Crawford after lost business.
Insurers left perplexed by FSB’s ‘global systematically important’ tag
Report highlights potential ratings impact for implicated insurers.