Insurer
Bruce focusing on consultancy after short-lived RSA role
RSA has confirmed the departure of former distribution manager Cathie Bruce, four months after she left the firm on a “mutually agreed” basis.
ABI welcomes elderly care scheme
The Association of British Insurers has welcomed a scheme to cap the cost of care and support at £72 000 from 2016, with funding coming from the Treasury.
Beazley appoints Michael Lum to Asia Pacific role
Beazley has internally filled its political risks and trade credit underwriter role, appointing Michael Lum.
E-trading boss Thornton to leave NIG
NIG's director of e-trading is set to leave the Direct Line Group-owned business in October, Post can reveal.
Slough top fraud spot in UK – Keoghs
Slough has been identified by law firm Keoghs as the top UK spot of fraud activity based on claimant location.
Simply Business MBO to realise the ‘full potential’ of business
Simply Business chief executive Jason Stockwood has revealed the recent management buy out was prompted by a desire to clarify its shareholder structure.
National speed limit database still some way off, claims OS
Ordnance Survey has distanced itself from suggestions the launch of a national speed limit database is imminent, but has vowed to work to “better understand” complex information held on speed limits.
LV to pay £7m PPO after newlywed hit by uninsured driver
LV will today be ordered to pay a £7m settlement to a bride who suffered brain damage when knocked off a motorbike by an uninsured driver.
Allianz launches extreme weather app
Allianz has launched a free smartphone app which provides severe weather alerts and risk advice for businesses and householders.
Ferma warns against compulsory schemes for catastrophe insurance
The Federation of European Risk Management Associations has told the European Commission that any new insurance solutions for catastrophe risks should be market based and respect freedom of choice for insurance buyers.
More Than launches premier pet insurance with £12 000 cover
More Than has launched a premium pet insurance product with £12 000 vet fees, alongside a multi-pet product.
Simply Business parts ways with Brit after completing MBO
Simply Business has finally completed a management buy-out with backing from European equity firm Ana Cap.
Europe: Accordant accounting
The IASB has published its latest proposals for consistent accounting for insurance companies but the industry will have to act quickly to make its voice heard, David Foster says.
IAG improves claims guidance
Insurance Australia Group is expecting a better claims performance for its current financial year than forecast.
AIA and Discovery in lifestyle venture
Discovery to introduce its 'wellness-based' life insurance model to AIA's customers in the Asia-Pacific region.
Fitch affirms QBE's ratings
Fitch Ratings has affirmed QBE's long-term issuer default rating at A, and its subsidiaries' insurer financial strength ratings at A+, both with a stable outlook.
Zurich's David Smith to chair Polaris UK
Industry-owned standards and technology body Polaris UK has appointed David Smith as its chair.
Aspen puts Q2 cat losses at £39m
Bermudian insurer Aspen has announced an initial loss estimate of $59m (£38.8m) for the second quarter of 2012.
Foil attacks “misguided” ad branding insurers “muggers”
A £300 000 advertising campaign featuring the strap-line "don't get mugged by an insurer" has been slammed by the Forum of Insurance Lawyers.
Allianz Engineering to pilot mobile surveyors device
Allianz's engineering division is to pilot a handheld mobile device that will streamline reporting for its surveyors.
RSA hikes pensions contributions despite 36% drop in deficit
RSA has increased to contributions to its pensions deficits, in spite of valuations showing a drop of more than a third in the size of the shortfall, due to lower bond yields.
Post magazine - 18 July 2013
In this week’s Post, brokers have raised concerns over the effectiveness of Aviva underwriters and its ability to maintain service levels following the insurer’s decision to move more underwriters into broker offices and abandon almost half its regional…
Fico close on UK fraud deal after ‘bake-off’ success
The vice president of Fico’s global insurance and healthcare practice has revealed that it is close to striking a major deal in the UK counter-fraud space having "blown insurers away" with its latest offering.
Quindell takes 19% stake in US telematics provider
Outsourcer Quindell has completed a deal for a 19% stake in Himex, as US provider of usage-based insurance products.