Insurer
Q&A: Robert Fletcher: Presidential priorities
Elected as the Chartered Insurance Institute’s 119th president last month, Robert Fletcher tells Post that building trust, remaining relevant and finding a suitable successor for outgoing CII CEO Sandy Scott are among his top priorities for the year…
Allianz and BMW launch shortfall product covering up to 100% of invoice price
Allianz and BMW have launched a shortfall insurance product with which UK customers no longer need to select the traditional £10,000 or £20,000 worth of cover.
NAH data shows 92% of claimants in contact within first year of RTA
One of the personal injury firms behind the launch of the Ethical Marketing Charter has defended its record amid suggestions by insurers that the number of late claims has tripled in recent times.
Blog: The Sonae group action and the compensation culture
The judgment handed down last month in Saunderson & Others v Sonae makes for uncomfortable reading. Dismissing over 16,000 personal injury claims, a High Court judge criticised the conduct of the solicitors who had brought induced, exaggerated and…
Hastings uninterested in 'international forays', says Hoffman
Hastings has no plans to emulate its rivals and expand into overseas markets, according to CEO Gary Hoffman.
L&G to enter travel insurance market this year
Legal & General is to launch a travel insurance proposition later this year, Post can reveal.
Post week round-up
With no print issue this week the Post team has collated the most popular read articles, coupled with editorial top picks of the week. View the week in a snapshot of posts so you are kept up-to-date with the UK insurance market.
Post – 27 August 2015
While there is no Post print issue this week, it doesn’t mean we’ve been taking things easy here at Post Towers – the continuing RSA/Zurich takeover and Towergate and Arthur J Gallagher legal wrangle has seen to that.
RSA in the news
RSA has been busy of late. Keep up to date with what has happened and is happening with our blog.
AM Best warns of limited investment options for insurers
European insurers are well positioned to withstand the current stock market volatility, having made significant changes to their investment portfolios in recent years, according to AM Best.
Europe: The impossible comparison of UK regulatory costs with the rest of the EU
Confirmation this June that the Financial Conduct Authority will be increasing fees for insurers and brokers by 8.5% for 2015/2016 has inevitably raised many eyebrows. A particular bugbear is that UK regulatory costs are perceived to be much steeper than…
Blog: Stevens v Equity...what now?
Six months on from the landmark decision of the Court of Appeal in Stevens v Equity, the ramifications continue to be felt across the industry. The judgment appeared to be the game changer that the insurance industry had been hoping for following the…
Quiz of the week - 27 July 2015
Test your knowledge of the week's insurance news with our quiz.
Two men jailed for 'cynical' scam to defraud Axa of £15k
A pair of opportunistic fraudsters who teamed up to con Axa out of £15,000 have been jailed for a total of 30 months at Teesside Crown Court.
CII provides flexible working guidelines
The Chartered Insurance Institute has launched a guide for companies looking to introduce flexible working arrangements.
Hastings sees GWP jump 24% in H1
Hastings Insurance Group saw gross written premium increase by 24% to £282.7m in the first six months of 2015 (H1 2014: £227.2m) aided by continued growth in customer numbers.
Churchill calls for action as almost 28,000 uninsured cars seized this year
At least 27,688 uninsured cars were seized by UK police forces in the first half of 2015, with 9935 coming from the London area.
RMS to develop typhoon model for Taiwan with help of local insurer
Risk management firm RMS is teaming up with MSIG Mingtai Insurance to help develop the RMS Taiwan typhoon model.
ICA claims scrapping state insurance taxes will create A$36bn of extra protection
Research commissioned by the Insurance Council of Australia claims homes and household assets will be protected by a further A$36bn (£16bn) if state stamp duty and taxes on insurance are scrapped.
Go Compare blocks 'thousands' of fraud attempts with point-of-quote detection tool
Go Compare has rolled out a point-of-quote fraud detection and prevention service in collaboration with fraud solutions company Iovation, which it says is the first such tool developed by an aggregator.
Allianz Commercial joins Powerplace SME panel
Allianz Commercial has joined Powerplace's SME panel making its suite of SME products available on Powerplace SME from the fourth quarter of this year.
L&G to create up to 400 jobs in Cardiff, claims report
Legal & General is expected to create up to 400 jobs at its Cardiff operation over the next two years.
Blog: Vnuk, an involuntary risk transfer
The odd tabloid article has told Mr Smith that, because of the European Union, he'll soon need to insure his ride-on lawnmower under a motor policy. However ludicrous that may sound, the reality is that could be true. While newspapers have chosen…
How insurers can get ready for the Fourth Anti-Money Laundering Directive
The Fourth Anti-Money Laundering Directive applies to a range of businesses, including insurers. After its formal adoption in June, European Union member states now have two years to implement the new rules into national law.