Insurer
Axa hires Bluefin personal lines MD Walker
Bluefin personal lines managing director Jon Walker has left the broker after seven months to succeed Matthew Reed as Axa Commercial Intermediary managing director.
Ifed arrests 11 in national travel fraud bust
Eleven people have been arrested across the UK for submitting travel insurance claims thought to be fraudulent.
Moody's revises outlook for global reinsurers as non-cat purchasing declines
Moody’s has revised its outlook for the global reinsurance sector over the next twelve to eighteen months to negative, as “pressures on several fronts” threaten to erode profit margins.
Too late for UK to follow Ireland's lead on injury board model
The chief executive of Ireland's Injuries Board has said it is too late for a similar personal injury compensation model to be established in the UK.
Worshipful Company of Insurers launches Independent Women in Insurance Network
Industry networking organisation The Worshipful Company of Insurers has launched a new Independent Women in Insurance Network.
Cost of workplace accidents 'unacceptably high' says Greek Labour Minister
Greece’s Labour Minister has called for greater investment in health and safety to tackle the high cost of workplace accidents across the European Union.
Motor price rises 'inevitable' as EY forecasts a return to loss-making in 2014
Motor insurance underwriting in 2014 will return to being a loss-making product after just one year in the black, according to EY’s annual UK motor insurance results seminar.
CMA proposals 'modestly credit negative' for motor insurers
Proposals for reform within the UK private motor insurance market set out by the Competition and Markets Authority are likely to be credit negative for insurers, according to ratings firm Moody’s.
Axa Tianping targets internet generation with CCTV World Cup sponsorship
Shanghai-based general insurer Axa Tianping is sponsoring CCTV's most popular sports show for the duration of the World Cup as it seeks to grow its brand in China.
Goldman Sachs advising RSA on potential Asia arm sale
According to a market source investment bank Goldman Sachs is advising RSA on a bid to sell the insurer's Asian operations which could be worth up to $500m.
Vans targeted in one third of crash-for-cash claims
Light commercial vehicles have been involved in almost one third of collisions involving crash-for-cash fraud rings in the past 12 months, according to research from Hill Dickinson and anti-fraud firm APU.
Post magazine – 19 June 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.
Insurers voice concerns over prospect of mandatory telematics policies
Analysts predict opt-out system for telematics within next decade
CMA report provides boost but industry bemoans missed credit hire opportunity
Industry concerned inaction on subrogated repair costs prevents level playing field
Quindell urged to recruit insurance veterans following LSE listing failure
Analysts question firm’s lack of foresight after highly unusual listing refusal
Industry attacks government’s ‘flawed’ risk-pooling arrangement for schools
Marsh boss Weil warns scheme will ‘cost the taxpayer a lot of money’
Editor's comment: Used to disappointment
It is impossible to please all of the people all of the time, but it seems the Competition and Markets Authority has failed to please almost every motor insurer this week.
Legal Update: Occupational Disease: Collins provides limitation law guidance
Lung cancer case provides helpful guidance that will assist defendants in occupational disease cases. Nick Pargeter and Malcolm Keen report
Skyscrapers: A rise in complexity
Times are changing for high-rise living, with new skyscrapers springing up across the UK. Is traditional defects cover fit for purpose though?
Flooding: The future of flooding
As the Statement of Principles nears expiry and with the imminent introduction of Flood Re, what does the future hold for flood cover?
Insurers' succession planning should aid talent retention
Insurers are placing greater emphasis on succession planning than at any time in the past but could still improve in this area, according to a study by Randstad Financial & Professional.
Add-ons: Under the microscope
The sale of additional products is under immense scrutiny by the Financial Conduct Authority. With the insurance industry pushing resources into self-policing since the motor legal expenses inquiry, has it done enough?
BIA Countdown: Achievement winner reflects: Q&A with Ashton West
Since their inception, the British Insurance Awards have become the unrivalled badge of excellence for the insurance sector, raising standards across the industry through their showcasing of best of breed performance and innovation.
Airmic 2014: Petition Osborne on contracts bill says Law Commissioner
Law Commissioner David Hertzell has called on backers of the Insurance Contracts Bill to write letters to both Chancellor George Osborne and the Treasury demanding it moves forward before the election.