Insurer
Conservative peer awarded top EC finance brief
Conservative peer Jonathan Hill, a former PR man and education minister, has been appointed as the new European commissioner for financial stability and regulation.
Sportscover enters strategic talks with Hamilton Insurance Group
Lloyd's insurer Sportscover and Bermuda-based property and casualty insurer Hamilton Insurance Group have entered into exclusive talks around the future control of Sportscover Underwriting.
Three quarters of professionals undervalue property and possessions
Three-quarters of professionals risk losing thousands of pounds when making claims on their home insurance policy because they have underestimated the value of their property and possessions, according to research by financial advisory service Wesleyan.
Hiscox looks to RSA for partnerships hire
Hiscox has appointed RSA's Robert Moore as its UK direct and intermediated partnerships head.
RSA affinity director promoted to broker director for UK personal lines
RSA has appointed Tim Wright as director of broker for its UK personal lines business with effect from 1 October 2014.
Post magazine – 11 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.
Poor practice from insurers is to blame for rise in rehabilitation fraud
Absolute Partnership investigators discover ‘surprisingly high defect rate’
Delay dismissed as My Licence launch is tipped for coming weeks
The My Licence hub is just weeks away from launching, according to the Motor Insurers' Bureau.
Point-of-quote fraud predicted to rise in new survey
A new study reveals that 42% of insurance professionals believe point-of-quote fraud has risen over the last 12 months. Nearly two thirds (63%) think this type of fraud will continue to rise in the next five years.
DAS' Weekes promoted to UK broker sales manager
Legal expenses insurer, DAS, has promoted Darren Weekes, its broker sales manager for the southern region to the newly created position of UK broker sales manager.
Swedish flood claims more than double in 2014
Sweden’s insurers face a heavy hit from natural catastrophe claims, as the number of flood damage claims lodged reaches more than double the previous year’s total.
Lloyd’s market’s ‘A’ IFS rating affirmed
The Lloyd's market has had its ‘A’ financial strength rating and ‘A+’ issuer credit rating affirmed by AM Best.
Concordia-style ship groundings top industrial cover losses
Ship groundings like that of the Costa Concordia represent the largest total value of insured loss over the last four years, according to figures from Allianz Global Corporate & Specialty.
Editor's comment: We must value our talented women
If there is one sector lower down the public affection pecking order than insurers, it’s payday lenders.
Solvency II capital requirements prove too onerous for Gibraltar‑based firms
Smaller motor insurers line up to leave market as EU capital‑raising measures loom
Insurers to feel due diligence strain if trade sanctions against Russia broaden
EU’s new list of sanctions is on hold while Russia and Ukraine ceasefire is in place
Unrated insurers set for reduced share of solictors’ PI market as renewals loom
Law firms becoming ‘increasingly aware of unrated security issues’
Sarah Bill’s worth called into question by claimant and defendant lawyers
‘Ambiguous wording’ cited among major qualms with draft legislation
North of the border: A shift in Scottish solicitor regulation
The Law Society of Scotland has launched two consultations on significant changes to the regulation of solicitors in Scotland.
Fraud Focus: Displacement better than cure?
This month saw further proposed changes announced as part of the ongoing reforms of the processes under which whiplash claims are handled.
Claims Club News: Insurers warned that independent Scotland would hit them in the pocket
An independent Scotland would cost insurers more in claims, according to BTO’s insurance group head Bill Speirs, who maintains that proposals to increase earnings north of the border will impact reserves.
Go Compare sees turnover rise 4.6%
Aggregator Go Compare has reported a 4.6% increase in turnover for the year ended 31 December 2013 to £109.9m (2012: £105.1m).
Legal Update - Heading down a slippery slope
James Harvey explains how insurers could face additional burdens if other UK courts follow Scotland’s lead when it comes to apportioning liability for trips and falls on public highways
Ageas boosts personal accident cover for SMEs
Ageas has made several changes to the cover offered under its personal accident policy for SMEs including an increase in cover for funeral and medical expenses.