Insurer
Pioneer poaches Travelers FI boss for new product launch
Minova-owned managing general agent Pioneer Underwriting has recruited Travelers’ product manager for financial institutions as it seeks to launch its own FI range.
Interview: Neil Brettell: High five
Allianz retail general manager Neil Brettell tells Post of his clear vision for the business – to be a top-five UK player in five years
RSA's Kneafsey teams up with ex-boss Haste at Wonga
Wonga chairman Andy Haste has hired RSA’s director of SME and delegated business Tara Kneafsey as UK managing director for the payday lender’s UK consumer loans business.
Catlin-bound Greensmith replaced by Robinson at RSA
RSA’s global specialty lines director for the UK and Western Europe Paul Greensmith has moved to Catlin Group where he will take on the role of chief underwriting officer for insurance at the firm’s London underwriting hub.
C-Suite MGA: Playing the generation game
The other Friday I took a crowd of Dual employees to the pub for summer drinks in the evening sunshine.
C-Suite Insurer: Quality over quantity
The insurance industry must renew its focus on the content and quality of risk submissions
XL swoops for AIG's Latham to head up captive programmes
XL Group has moved to bolster its captive offering with the appointment of Matthew Latham as head of captive programmes.
Claims Club News: UK firms told to keep an eye on Ireland for PPO regime improvements
UK insurers hoping to see improvements in the periodical payment order regime should carefully monitor a review of PPOs taking place in the Republic of Ireland, according to BLM partner Joe Wakeford.
Claims Club News: FCA putting spotlight on commercial cover
The Financial Conduct Authority is likely to raise the stakes on insurers by increasing scrutiny on whether the products customers buy are fit for purpose, amid a “philosophical shift” by the regulator.
German insurers pay out record claims for 2013
Germany’s non-life insurers settled €50bn in claims over 2013, the highest recorded total for a twelve month period.
Industrial deafness ‘the new cash cow’ says ABI
Claimant lawyers and claims management companies are increasingly exploiting industrial deafness claims for maximum cash settlements, according to the Association of British Insurers.
5% reduction would make home cover unprofitable says O'Roarke
Reductions of just 5% in the cost of home insurance could render the line unprofitable for many insurers according to LV’s general insurance managing director John O’Roarke.
Unrated carrier behind independent midwives PI solution
The capacity behind a commercial professional indemnity insurance solution for independent midwives is being provided by an unrated Gibraltan carrier, Post understands.
XL adds fine art and specie to suite of Shariah compliant products
XL Group has extended its support for Shariah compliant managing general agency, Cobalt Underwriting, by adding fine art & specie coverage to its suite of products. The insurer already provides cover for property, construction and financial lines.
Hiscox bolsters events offering with Event Assured acquisition
Hiscox has reached an agreement with Applewell to acquire events insurance provider Event Assured.
Markerstudy re-hires Tozer as account manager
Matt Tozer has returned to Markerstudy as an executive account manager after roles at the A&A Group and Igo4.
Insurance industry ahead of the curve on internal CEO appointments
Insurance companies are more likely to recruit internally for the top jobs at their organisations than firms within other financial sectors, according to a survey by Russell Reynolds Associates.
Wunelli looks to tackle 'reactive' FNOL process with new management tool
Wunelli has created a new process to manage crash notification alerts which it claims will turn the tables on “the reactive nature of the first notification of loss process" in private motor.
LV Broker recruits four to regional roles
LV Broker has announced four appointments in its commercial lines business, including promoting Mark Hands to head of trading for the north of England and Scotland.
LV’s H1 profits climb 7% but premiums continue to fall
Prior-year claims run off has seen LV notch improved operating profits for the first six months of 2014 in spite of continued decreases in motor insurance rates.
China upgrades premium growth projections
The China Insurance Regulatory Commission is predicting 17% premium revenue growth each year until 2020.
Chancery PII plans ‘steady and stable growth' in solicitors' PI
Chancery PII has gained valuable experience from its first year in the solicitors' professional indemnity market and wants to make rated capacity available to a wider range of firms, according to director Tim Norman.
Reserve releases aid insurers in posting first profit since 2006
The UK property and casualty sector is set to post a profit for the first time since 2006, with the average combined operating ratio expected to be around 96.5% for 2013, according to Moody’s.