Insurer
AIG to re-align distribution function in Scotland and Northern Ireland
AIG has named casualty business boss Ross McLeod as head of its new Glasgow office amid the re-alignment of its distribution function in Scotland and Northern Ireland.
Kennedys poaches BLM partner Yandell to grow PI team
Law firm Kennedys has bolstered its professional indemnity team with the appointment of BLM’s Caterina Yandell as a partner.
Capita insurance boss Greatorex to take over as group FD
Capita insurance and benefits services director Nick Greatorex will leave the role next month to take over as group finance director ahead of the departure of long-standing FD Gordon Hurst.
Lloyds cuts 1250 jobs as it changes insurance sales strategy
Lloyds Banking Group has announced 1250 job losses alongside a change in the way it sells insurance products in its branches.
AIG's Aubert appointed Willis UK CEO designate
Willis has appointed AIG EMEA chief operating officer Nicolas Aubert as CEO designate of its UK insurance business.
McLarens Aviation handling Virgin Galactic claims
McLarens Aviation has been appointed to handle claims emanating from the Virgin Galactic Space Ship Two crash, Post understands.
Insight and AGS to create national network of licensed investigators
Insurance anti-fraud specialists Insight and AGS Risk Solutions intend to employ up to 50 licensed investigators by the end of the second quarter of next year ahead of planned regulation of the sector.
Insurance Europe hopeful IMD II will not burden insurers
The final revised text of the second edition of the Insurance Mediation Directive should result in a solution that both benefits policyholders and is not unnecessarily burdensome for the insurance industry, according to Insurance Europe.
Europe C-Suite: Infrastructure investment - if the yield is right
Investing in infrastructure projects such as transport and energy could represent new opportunities for insurers keen to diversify
Job cuts expected as Aviva prepares to close Belfast claims function
Aviva has confirmed it will close its Belfast claims function by the end of April next year in a move that is expected to result in around 30 redundancies.
Tokio Marine Kiln syndicates forecast to deliver profits for 2012 and 2013
Tokio Marine Kiln Syndicates 510 and 557 remain forecast to deliver profits for the 2012 and 2013 years of account, according to updated forecasts for the two years of account.
BMS hires Cooper Gay's Hitchings to head specialty reinsurance
BMS Group has launched a specialty reinsurance division with the appointment of Cooper Gay’s Andrew Hitchings as managing director.
Axa unveils big data tool for brokers targeting commercial business
Brokers are expected to be able to provide a more bespoke offering to clients following the launch of a big data tool by Axa that pools company information from public sources.
R&Q expects full year pre-tax result to be below expectations
Lower than anticipated investment income and a “disappointing” trading performance in the US have contributed to Randall & Quilter predicting its full year pre-tax result will be materially below market expectations.
Large losses below expectations at Catlin despite aviation disasters
Catlin has achieved third quarter gross written premium growth in line with its business strategy after chalking up a GWP rise of 11% to $4.89bn (£3.1bn) (Q3 2013: $4.42bn) for the period.
Markel expands trade credit team in Singapore
Markel has appointed Linda Naili as business development manager, trade credit for Asia-Pacific.
RSG hires Argo underwriter to lead London MGA
Chicago-based insurance services business Ryan Specialty Group has recruited Argo Re underwriter Mark Peeters to lead a new London-based managing general agent specializing in directors and officers liability cover.
QBE Europe motor director Bains exits
QBE European Operations has confirmed the departure of retail motor and business performance director Talbir Bains.
Duplication inflating Claims Portal figures
The Claims Portal has warned that duplication is inflating the total number of claims registered with the claims portal, but cautioned it is unable to estimate the scale of the problem.
Sawyer joins Barbican international property team
Barbican Insurance Group has appointed John Sawyer as an underwriter to lead property binders in its international property division.
Post magazine – 13 November 2014
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
UK insurance industry ranks lowest in Europe for customer trust, finds EY
Consumer trust in insurance providers was lower in the UK than any other European country and 50% below the global average, according to research from EY.
Money Supermarket sees 15% Q3 insurance revenues boost
Price comparison website Money Supermarket saw insurance revenues grow 8% to £106m for the nine months ending 30 September 2014.
Brit shrugs off 'variable' market conditions after chalking up 4.9% GWP rise
Brit CEO Mark Cloutier is confident his firm will continue to deliver “healthy returns” for shareholders after the Lloyd’s insurer unveiled a 4.9% increase in gross written premium to £990.7m (Q3 2013: £944m) in the third quarter.