Insurer
Allum joins Ace as Singapore casualty manager
Jack Allum will join Ace as casualty manager for Singapore on 29 June.
Brexit would be negative for UK financial sector
A vote to leave the European Union could threaten the health of the UK economy and its financial sector, according to Standard & Poor's Ratings Services.
VRS Vericlaim buys Certo
Sedgwick-owned specialist loss adjuster VRS Vericlaim has purchased claims handler Certo in a bid to boost its third party administration and commercial loss adjusting capacity.
Female millennials survey findings dismissed by optimistic industry insiders
Schemes designed to attract more women into the insurance industry are starting to show signs of success, despite a piece of research that suggests female millennials are being put off a career in the sector.
Household rate rises required despite long-term benefits of connected home
The connected home may favourably impact the profitability of the household market but benefits are unlikely to offset the effect of declining premium in the short term, according to insurers.
Insurers must ready themselves for European data changes
UK insurance professionals have been warned not to underestimate the huge changes that lie ahead in data protection, after a survey revealed almost one third are unaware of the forthcoming European General Data Protection Regulation.
Industry defends data collection practices in light of CMA report
Insurers have defended their data collection processes following the publication of a critical Competition and Markets Authority report and calls from a consumer champion for greater transparency around how telematics data is used.
Insurers accused of shirking duty as MoJ faces calls for NIHL claims shake-up
Industry calls for the Ministry of Justice to introduce a fixed-fee regime and expand the existing Claims Portal to include industrial deafness claims have been met with staunch opposition by the claimant legal fraternity.
Lure of Liechtenstein questioned as reports of insurer interest surface
The Liechtenstein financial regulator has flagged an uptick in insurance companies looking to establish a presence in the principality despite analyst scepticism about the benefit of the territory as an outpost for UK insurers.
Broker Networks: Getting squeezed out?
Can broker networks justify their position in the supply chain? A recent survey aimed to find out how insurers and MGAs viewed them.
Hurricane season expected to be 'below average' this year
The 2015 Atlantic hurricane season is projected to be below average, although “impactful landfalls” remain a possibility, according to Guy Carpenter & Company.
Regulator suspends large Bangladesh insurer
Standard Insurance's licence has been suspended for three months by the Bangladesh Insurance Development and Regulatory Authority.
Credit hire zero excesses appeal defended by DAC Beachcroft
DAC Beachcroft has successfully defended an appeal by credit hire organisation On Hire relating to the recovery of credit hire rates where replacement vehicles with zero excesses are hired.
Career File - Colin Bird: Bird steps down from Besso chair role
Colin Bird is to step down as chairman of Besso as the business has announced the appointments of Rob Dowman and Russ Nichols as joint CEOs.
Market Moves - 22 June 2015
Find out who has moved where in the world of insurance this week.
Fosun makes first Israel insurance purchase
Chinese conglomerate Fosun has made its third purchase in Israel and its first in insurance in the country.
Zurich hires for COO role in Australia
Zurich Australia has hired from bank ANZ to replace outgoing chief operating officer Shaun Feely.
Asia C-Suite: Expectations of China's growing middle class
Increased prosperity in China is seeing greater demands for improvements in the local health insurance sector writes Martin Garcia.
RSA to appeal Philip Smith's constructive dismissal verdict
RSA has vowed to appeal the Employment Appeal Tribunal's decision in Dublin to award former Ireland CEO Philip Smith €1.25m (£900,000) in constructive dismissal damages.
Analysis: Major Events in the Russian Insurance Market in Q2 2015
In Q2, the license of the chief CMTPL market player was withdrawn but returned shortly afterwards; the Russian Association of Motor Insurers summed up the results of the first quarter of 2015; Insurer ORANTA went through rough times.
Delegated authority criticism sparks uptick in CII exam applicants
The Chartered Insurance Institute believes criticism of delegated authority arrangements by the Financial Conduct Authority is behind a spike in interest from the market for its specialist examination.
Risk appetite and tolerance statements move up insurers' ERM agendas
Risk appetite and risk tolerance statements have become more important to more insurers in relation to their enterprise risk management programmes with the latest Towers Watson research reporting a 15 percentage point increase compared to its 2012 survey…
Video: Ryan Direct Group Derek Coles
Ryan Direct Group CEO Derek Coles marks his company’s 25th anniversary.
Crossrail: Crossing the finishing line
With just three years to go until London’s Crossrail transport link is operational, Post investigates the experience so far for the insurance industry players involved in the project.