Insurer
Market Moves - 5 June 2014
All the latest job moves in the insurance market
Alternative Business Structures: A quick fix?
The ownership of legal firms by non-lawyers via alternative business structures has always been contentious – but as the Transport Select Committee launches an investigation into the models Post finds out whether the existing structures are being used as…
Aerospace union appoints HFW partner as legal advisor
The International Union of Aerospace Insurers has appointed Holman Fenwick Willan partner Giles Kavanagh as its new legal advisor.
Arctic: Coming in from the cold
As investment increases in the Arctic, what are the opportunities and risks facing insurers in the area?
Roundtable: Fraud: Talking tough
The insurance industry has made a big noise about increased anti‑fraud efforts in recent years, but how significant has the impact been – and where could firms do more?
Interview: Hester to the rescue
Having taken on the unenviable task of revitalising the beleaguered insurer, RSA’s new group CEO Stephen Hester dismisses his detractors’ concerns over his lack of insurance pedigree and explains how the turnaround is already well under way
Insurers urged to scrutinise 'far reaching' Solvency II guidelines
KPMG has called on insurers to scrutinise draft Solvency II guidelines published by the European Insurance and Occupational Pensions Authority yesterday as they are broader in scope than the first technical standards released.
Commercial lines hires to boost regional trading at Covéa
Covéa has unveiled six senior commercial lines appointments in a bid to bolster the firm’s regional trading capability.
Fish farming is booming in Asia
The aquaculture industry in Asia is booming but the sector remains largely unprotected, offering significant opportunities for insurers
C-Suite - Insurer: Take the long-term view
Insurers must stop unsustainable commodity pricing in commercial property claims
BIA Countdown: Achievement winner reflects: Q&A with Robert Hiscox
Since their inception, the British Insurance Awards have become the unrivalled badge of excellence for the insurance sector, raising standards across the industry by showcasing best‑of‑breed performance and innovation.
Oliver steps down as CEO of Parabis
Parabis Group has no immediate plans to appoint a successor to outgoing chief executive Tim Oliver, who is to become deputy chairman and take on a new non-executive board role.
Capital Z deal tees up potential acquisitions as BMS is renamed Minova
BMS Associates has been renamed Minova Insurance following the completion of £30m of investment by private equity firm Capital Z.
FCA sharpens focus on wholesale market
Financial Conduct Authority chief executive Martin Wheatley today emphasised the regulator's shift in focus to the commercial insurance market.
IIG to offer rated solution to brokers placing demolition risks
Incorporated Insurance Group has launched a demolition contractors’ liability scheme in a bid to support brokers who have previously been forced to delve into unrated markets.
Markel hires Apple's global business intelligence manager
Markel International has appointed Neil Winters as head of information management and application services.
VIG buys Polish life insurer
Austrian composite Vienna Insurance Group has completed a deal to acquire Polish life insurer Skandia Zycie.
Aon Benfield senior broker Willmont joins Canopius
Canopius has appointed Sarah Willmont from Aon Benfield to take on the position of deputy divisional underwriter for its property treaty division.
Flash flooding frequency to increase with climate change
The UK faces the prospect of much more frequent flash flooding during the summer months as a result of climate change, according to a study published in the journal Nature Climate Change.
Lloyd's mulls move from Rogers building over design 'frustrations'
Lloyd's of London could leave its iconic Richard Rogers-designed premises because of frustrations with its design, according to reports.
PRA releases supervisory statements aimed at insurers
The Prudential Regulation Authority today issued two supervisory statements aimed at insurers as the Bank of England continues its focus on activity in the industry.
65 roles at risk as DAC Beachcroft shuts Manchester office
DAC Beachcroft’s claims validation team is to vacate its Manchester-based office in a move that will put around 65 jobs at risk.
Foil calls for Ifed to expand into the north to tackle rising fraud
Figures produced by the Association of British Insurers stating that detected fraud is at a record high has led to calls for the Insurance Fraud Enforcement Department to expand its presence, including the creation of an operational base in the north of…
Driverless Cars: Crash of the motor insurance industry?
by Cherry Chan, partner at Barnett Waddingham