Insurer
Hiscox exits care home sector
Hiscox has confirmed it is withdrawing from the care home sector to focus on its core lines of business.
Competition in Australia heating up
Competition amongst Australia’s insurers is continuing to intensify as the soft market dynamics show little sign of changing, writes Nicky Burridge.
Cooper Gay, Willis, XL, Generali and Ace sign up for Netsett pilot
Willis, Cooper Gay Swett & Crawford and Ruschlikon UK members, Ace, XL Group and Generali, have signed up to participate in pilots of Xchanging’s Netsett platform.
Hiscox adds two to London market personal accident team
Hiscox has expanded its London market personal accident team with the hire of a team leader and senior underwriter.
ABI offers staunch defence of application fraud figures following criticism
The Association of British Insurers has moved to defend the process by which it calculated that 180 675 motorists attempted fraudulent insurance applications last year, following criticism by a claimant law firm.
Financial services turns attention to 'devo max' following Scottish 'no' vote
Uncertainty among Scottish based financial institutions has not been entirely alleviated by the ‘no’ vote on independence, amid plans to devolve additional powers north of the border.
PICC targets Chinese pet owners
Chinese insurance giant PICC is launching a product for cats and dogs for Chinese owners.
Ace recruits from Accenture firm for head of travel, Asia-Pacific
Ace has appointed Jon Ford as vice president and head of travel, Asia-Pacific.
The Policy Shop cashes out with sale to Markerstudy
Markerstudy has bolstered its gross written premium by £20m with the acquisition of personal lines broker The Policy Shop.
CILA president Jones targets next generation of loss adjusters
Bringing through the next generation of loss adjusters has been described as “number one” in Mike Jones’ top three objectives for his year as president of the Chartered Institute of Loss Adjusters.
Europe: New rules for Dutch-based insurers
Martijn van Broeckhuijsen looks at the tough new rules Dutch-based insurers could be facing around remuneration
SSP tackles £2.8bn application stage fraud with software launch
Software provider SSP has launched a counter fraud solution within a pricing and data platform in a bid to enable insurance companies to clamp down on rising motor fraud at the policy application stage.
AGCS names Feng as Mitchell's successor in Hong Kong
Allianz Global Corporate & Specialty SE has appointed its Singapore branch regional manager for financial lines Asia, Chin Feng, as chief executive of the firm’s Hong Kong branch following Mark Mitchell's promotion to regional CEO for AGCS Asia.
Thompsons condemns ABI motor application fraud sums
Claimant law firm Thompsons Solicitors has hit out at figures from the Association of British Insurers which claims to show the scale of application fraud in motor insurance.
Insurers to face 'soaring' VAT bills following ECJ ruling
A ruling from the European Court of Justice is likely to add hundreds of millions to European insurers’ VAT bills, according to tax experts.
IFR promises ‘rapid action’ on broker engagement
The Insurance Fraud Register is targeting increased participation from distributors as a high priority according to Axa’s global head of fraud and IFR project sponsor Richard Davies.
Flood resilience guide for homeowners offers insurance advice
Homeowners at risk of flooding are set to benefit from a comprehensive guide to flood resilience that provides insight on a range of issues including insurance.
IFB to launch small broker model in October
A new model designed to bring small brokers into the Insurance Fraud Bureau will be launched on 1 October.
Independent Scotland would face higher infrastructure funding costs, warns Wilson
Aviva group chief executive Mark Wilson has warned that Scotland will face higher costs to access infrastructure funding if it opts to leave the union.
Moore Stephens hires ex Mazars insurance partner
International consultancy firm Moore Stephens has appointed Omar Ripon as partner in its insurance industry group.
Post magazine – 18 September 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.
Chubb syndicate expands into accident and health
Chubb Syndicate 1882 at Lloyd’s has expanded its product offering with the addition of accident and health business.
Touchstone prepares first product launch on e-trading platform
Touchstone Underwriting will launch the first of its online products onto its e-trading platform on 1 October, ahead of plans to introduce a raft of additional web-based offerings.
Barnsley warehouse fire costs Asos up to £30m in lost sales
An Asos warehouse fire that damaged thousands of pounds of stock has cost the company up to £30m in lost sales after the online retailer was forced to suspend orders.