Insurer
Hill director receives three-year ban
Former director of Hill Insurance Company, Elisabeth Quinn, has been banned from holding executive director positions with any firm licensed by Gibraltar’s Financial Services Commission for three years.
DLG seeks SRA approval ahead of law firm launch
Direct Line Group is pushing ahead with plans to set up a law firm, and has submitted an application to the Solicitors Regulation Authority for approval and licensing.
Generali downgraded to A- by S&P due to Italian exposure
Generali has had its rating downgraded from A to A-.
Lemma claims could cost FSCS £25m
The UK Financial Services Compensation Scheme expects to pay-out around £25m in claims related to failed Gibraltar-based insurer Lemma.
Chinese insurers urged to become more customer-centric
Tony Compton, head of insurance consulting, mainland China at KPMG has urged Chinese insurers to center their respective business operations around the customer.
Argo International hires Brit's Jackson as head of compliance
Lloyd’s insurer Argo International has appointed Mike Jackson as head of compliance.
Which report calls for transparency on aggregators
An investigation by consumer group Which found like-for-like car insurance quotes vary “widely” between the different comparison sites.
Helvetia renews Vontobel tie-up
Swiss insurer Helvetia Insurance and Swiss bank Vontobel have extended their partnership at least until the end of 2018.
SMEs under austerity pressure
Spending cuts are pushing SMEs in some of Britain’s largest cities to the brink, according to data from Zurich.
38 RSA jobs at risk in Horsham
RSA employees working at the commercial mid-market operation in Horsham, West Sussex, have been told they are at risk of redundancy as the insurer reshapes its commercial business.
Cooter eyes third strategic hire to support Covéa growth ambitions
Covéa commercial lines director Simon Cooter is preparing to unveil a third "key" appointment, as plans to double the size of the firm's commercial book gather momentum.
Aviva loans £32m for fire and rescue service project
Aviva Commercial Finance has lent over £32m for what will be the insurer’s first fire and rescue service project.
Moneysupermarket blames Google for slow insurance growth
Price comparison site Moneysupermarket has said changes to Google’s search systems have hit the company’s growth in Q2, with insurance business suffering.
Swiss Re confirms Admin Re merger talks
Swiss Re has confirmed it is in talks over the potential merger of its remaining Admin Re closed life business with Phoenix Group - less than a year after selling the US side of the operation.
UK insurers criticised for “squandering” big data opportunity
Concerns over regulatory requirements and data security are preventing insurers from using technology to improve customer relationships and grow their businesses, an IBM survey found.
Post Audio Supplement - 11 July 2013
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Aviva to close Bluecycle salvage operations in further cuts
Aviva has confirmed it is to close its online salvage business, Bluecycle, and will acquire its future salvage services from Copart.
XL insures train-owner at centre of Canada derailment
XL has confirmed it insurers the owner of the train that derailed in Quebec, Canada this week.
Europe's cyber market could be worth €900m by 2018 says Allianz
Allianz expects to hold a fifth of the European cyber market by 2018 and forecasts significant growth in the product line outside of the US, a board member said on Wednesday.
AIG takes yacht protection to Australia
AIG private client group has extended its yacht insurance product to Australia.
Cancelled Elton John concerts could hit insurers for £10m
Cancelled concerts due to Sir Elton John’s appendicitis scare could lead to insurers forking out up to £10m.
Hiscox targets London market brokers with web news app
Hiscox has launched a new web app, which is designed to provide news, views and practical advice to London market brokers.
AJG swoops for Capita customer marketing boss
Arthur J Gallagher has recruited Capita Insurance Service’s head of customer markets to lead activity for its direct division.
Insurers called to step up lobbying efforts on young drivers’ safety
Insurers should put pressure on the government to change track on its safe driving proposals for young people, Simon Jackson, managing director of Girls Drive Better, has said.