Insurer
Spencer launches broadside against insurers in first speech as Apil president
John Spencer warned insurers that the personal injury fraternity “will not roll over and give up” in a combative first speech as president of the Association of Personal Injury Lawyers.
Direct Line inks £1.2m deal for Trak M8 self-install telematics
AIM-listed telematics provider Trak M8 has completed a deal to provide all self-install telematics devices to Direct Line Group.
Telematics to improve motor profitability, claims Fitch report
Telematics devices are likely to improve the profitability of motor insurers by assisting in the better pricing of risks, according to Fitch Ratings.
DLG points to competitive conditions after GWP drop in Q1
Direct Line Group has attributed competitive market conditions in UK personal lines for a 5.1% slide in gross written premium in the first quarter of the year compared with Q1 2013.
Sompo Japan completes acquisition of Canopius
NKSJ Holdings subsidiary Sompo Japan Insurance has completed its acquisition of Canopius after all necessary regulatory approvals for the transaction were obtained.
MP tables early day motion praising Esure and Thatcham for AEB efforts
Esure and Thatcham Research were praised for efforts towards raising publicity around autonomous emergency braking systems in an early day motion tabled at Westminster yesterday.
ING offered €1.275bn of funding before insurance IPO
Dutch financial services firm ING Group has secured €1.275bn of funding in its European and Japanese insurance division NN Group from three Asian investors.
Insurance fraud tipped to rise amid tough economic conditions
The current economic climate is expected to lead to an increase in the number of consumers willing to commit insurance fraud, according to a You Gov survey commissioned by Equifax.
David Hall to leave Aviva for QBE
Aviva corporate and specialty risk managing director David Hall is to leave the business.
Europe: Mobile phone insurance
Has the Fincial Conduct Authority's review into the mobile phone insurance industry gone unnoticed, both in the UK and across the continent?
Rebranded BLM becomes £100m business following HBM Sayers merger
Berrymans Lace Mawer has rebranded as BLM having formally combined with Scottish firm HBM Sayers to form a £100m business.
APC unveils PI team and new products
Commercial underwriter APC has launched a professional indemnity underwriting team and expanded its product offering in that area.
Beazley claims manager Folliard joins Markel
Markel International has appointed Beazley’s Gabrielle Folliard as claims manager for its professional and financial risks division.
Charity non-liable for trespassing accident rules High Court
A charity will not be held liable for injuries sustained by a trespassing woman who fell into a four metre ditch at the side of a visitors’ car park.
Liechtenstein-based Gable to write UK motor business
Gable Holdings has received approval to underwrite three classes of motor insurance in the UK.
Lloyd's presence adds 50% to Lancashire GWP in Q1 as new CEO steps up
Lancashire Holdings recorded a combined operating ratio of 66.4% in the first quarter of 2014 (Q1 2013: 51.2%) as no major losses were added to a late reported energy claim that adversely impacted the firm’s full year results.
Allianz kicks off commercial growth plan with broker proposition
Allianz Commercial has launched a wholesale and retail proposition to the UK broker market; the first in a series of planned moves to increase its footprint in the mid-corporate sector.
RSA promotes Hirst to mid market role
RSA has appointed Paul Hirst as mid market regions director leading a team of 450 staff.
AA launches comprehensive household product
The AA has launched a home insurance policy offering unlimited cover for buildings and contents as well as increased cover for personal possessions.
Labour MPs considering PI fears for SME manifesto
Labour MPs are weighing the inclusion of employers' fears on workplace personal injury claims in the party's upcoming SME manifesto, following an Axa report on 'compensation culture'.
QBE appoints Simpkin chief information officer
QBE has appointed of Malc Simpkin as chief information officer.
Seven Quindell directors boost shareholding
Seven directors of outsourcing firm Quindell have bought shares in the company since Monday following volatility in the stock after the “defamatory” note released by Gotham City.
Germany set for direct business expansion
German insurers are set to benefit from a boosted proportion of direct business, according to a report from Fitch.
Post magazine – 24 April/1 May 2014
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