Insurer
Insurance Fraud Awards 2014: Shortlist revealed
Today Post is pleased to reveal the shortlist for the 2014 Insurance Fraud Awards.
Underwriting hires in Miami aid Brit's regional platform expansion
Brit has bolstered its Miami-based Latin America and Caribbean platform with the addition of Carlos Becerra as vice president for underwriting and Jimena Salgado as an underwriter.
London market presence set to contract as Beazley targets US
Beazley is expecting continued growth in the US alongside a London market reduction after its US operation aided a 61% increase in group-wide profit before tax of $132.9m (£77.8m) in the opening six months of the year.
Sportscover makes double senior underwriting appointment
Sportscover Europe has appointed Simon Bowring and Gary Pigot as senior underwriters based in London.
Allianz offers first telematics product in BMW deal
Allianz Insurance is to provide insurance to motor manufactuer BMW’s i3 and i8 electric vehicles.
Atrium agrees to settle MH17 hull war loss
Atrium Syndicate 609 has confirmed it is the lead hull war policy insurer for Malaysia Airlines and has agreed to settle that aspect of the MH17 loss.
My Licence live on Open GI
Insurers can now access the My Licence hub through Open GI, with a number of panel insurers already signed up to the service.
Mactavish calls for contract legislation to clarify broker role
Insurance contracts legislation should include guidance on the role of brokers in overcoming contracting issues between insurers and their customers, insurance governance firm Mactavish has said.
Little Chef turnaround firm 'in talks' to buy Unipart Automotive
Venture capital firm R Capital is in talks to buy beleaguered motor repair firm Unipart Automotive, Post understands.
Ageas updates rating process for van product
Ageas has changed the rating process for its Van Guard product pricing policies on the individual circumstances of the customer rather than a postcode.
Treasury to unveil guide to investing in UK infrastructure
Insurance companies will be among financial services firms targeted by chief secretary to the Treasury Danny Alexander’s guide to investing in UK infrastructure.
Disputed commercial claims taking 35 months to settle
Disputed commercial claims are taking almost three years to settle on average, according to a study by insurance governance specialists Mactavish, with roughly half of claims being contended by insurers.
Banks off the hook as AIG recovers mortgage bond settlements
AIG is no longer expected to pursue further legal action against major banks after recovering more than $2bn (£1.17bn) in settlements over mortgage bonds that left the insurer on the brink of collapse.
Hood Group partners with Asda on household product
Hood Group has been appointed by Asda to launch its home insurance product through Asda Money.
Quindell receives majority backing from shareholder group
The majority of Quindell Shareholder Action Group members maintain a positive outlook in terms of their investment in the outsourcer despite a recent drop in the firm’s share price.
Post Blog: A welcome injection of common sense
The Government's move to allow parties to agree short extensions to court timetables between themselves is a welcome injection of common sense - and could encourage more early dispute resolution.
Post Blog: What would George Foreman do?
Would you endorse me? Just put your name next to mine. Would you say that you approve of me, and that I’m the type of chap you feel comfortable recommending to the whole wide world?
MH17 hull war losses unlikely to exceed 2001 Tamil Tigers attack
The costs of hull war risks emanating from the downing of Malaysia Airlines flight MH17 are not expected to exceed the $380m (£222m) losses following the 2001 Tamil Tigers attack on Sri Lanka’s Bandaranaike Airport, according to loss adjusting sources.
RSA plotting £150m savings drive
RSA will seek to scythe away almost 10% of its £2bn annual costs as part of a savings drive by chief executive Stephen Hester, according to the Financial Times.
Biba heralds 'transparent' Insurance Bill
The British Insurance Brokers’ Association has welcomed the introduction of the Insurance Bill as a means of increasing “certainty over the rules” on contracts between insurers and businesses.
Malaysia Airlines plane 'shot down' on Ukraine-Russia border
A Malaysia Airlines passenger jet carrying 298 people has crashed on the Ukraine-Russia border, according to Russian news agency Interfax.
Cross-border mergers authorised between UK and Gibraltar insurers
The Gibraltar government today confirmed that it had received written confirmation from the UK Treasury, for Part VII transfers to go ahead.
FCA to publish whistleblowing guide
Financial Conduct Authority chief executive Martin Wheatley has confirmed the watchdog will be publishing a guide to whistleblowing but has dismissed claims it is part of the regulator's thematic projects.
Treasury unveils final Insurance Bill
HM Treasury has today introduced the long-awaited Insurance Bill to reform commercial contracts, and better equip UK firms to compete against their international peers.