Insurer
Markel promotes two on property treaty team
Markel International has promoted Nick Hillman and Nick James to senior underwriters on the property treaty account in its specialty division.
Ace recruits from Sportscover for UK & Ireland environment underwriter
Ace has recruited a former sports and leisure underwriter to bolster its environmental risk division.
Axa Ireland handed Moody's upgrade
Axa’s Irish general insurance operation has been upgraded by Moody’s to an Insurer Financial Strength Rating of A2, with a stable outlook.
AIG bailout lawsuit dismissal upheld
A US court has upheld a verdict dismissing a lawsuit from Maurice “Hank” Greenberg challenging the Federal Reserve Bank of New York bail out of AIG in 2008.
Video: Audatex director insists insurers should accept 80% of subrogated motor claims
Insurers should automatically accept at least four in five of subrogated motor claims.
Law Commission proposals should not 'strike fear' into insurers
Insurers have little to fear from proposals to reform the law governing commercial insurance according to DAC Beachcroft partner Nick Young.
North England P&I to merge with Sunderland Marine Mutual
North of England P&I and Sunderland Marine Mutual Insurance look set to create a P&I giant after members agreed to merge.
CII to engage LV, Admiral and Esure in retail standards scheme
The Chartered Insurance Institute will kick-start its retail standards initiative by asking senior executives at firms including LV, Admiral and Esure whether such a scheme is likely to generate industry-wide support.
Law Commission issues draft proposals on commercial insurance
The Law Commission yesterday unveiled draft clauses of the Insurance Contracts Act 2015 which would redefine the circumstances under which insurers could refuse to pay out on commercial policies.
More Than launches telematics app
More Than has launched a telematics app giving drivers up to 20% off their car insurance after it has analysed their driving technique for 200 miles.
Insurers faced 300 fewer Ombudsman complaints last quarter
Latest figures from the financial ombudsman show complaints relating to general insurance products, excluding payment protection cover, dropping to 6141 for the three months to 31 Dec.
SRA kicks off unrated insurer consultation
The Solicitors Regulation Authority has formally opened an eight week consultation on barring unrated insurers from providing professional indemnity cover to regulated firms.
R&Q names King as Triton COO
Randall and Quilter has appointed Bradley King as chief operating officer of captive management subsidiary Triton.
Oasis project director says framework will cut costs and increase transparency
Loss-modelling platform includes models for flood, earthquake and tsunami.
Post magazine – 30 January 2014
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Laurent Matras return expected to result in Axa personal lines overhaul
The return of former Groupama boss Laurent Matras to Axa may herald a shake-up of the insurer’s personal lines business, according to market observers.
Minister defends Gibraltar against ‘unfair advantage’ perceptions
Gibraltarian minister talks up non-motor insurance expansion.
Editor's Comment: Getting the band back together
Last year The Big Reunion hit our screens featuring pop groups Five, 911, Atomic Kitten, The Honeyz, Liberty X, Blue and B*Witched.
DfT demands more telematics research before young driver safety green paper
Insurers warn telematics is not a ‘silver bullet’ as long wait for paper continues.
Aon Benfield or Guy Carpenter tipped to take on Flood Re reinsurance role
Scheme’s organisers say summer 2015 implementation target will be met.
C-Suite: Asian regulation
For insurers 2013 was another year of significant regulatory activities. Almost all important insurance conferences cited regulations as one of the key challenges facing the industry.
XL recruits from Aon in Sydney for product recall push
XL has appointed Ian Davidson as crisis management underwriter to boost its product recall arm.
Umunna makes formal apology to Gee 7 Group over mis-selling claims
Shadow business secretary Chuka Umunna has formally apologised to Gee 7 Group after accusing it of arranging personal accident insurance packages that were then allegedly mis-sold by employment agencies.
Titlesolv expands planning team with underwriting hire
Titlesolv has appointed Paul Denholm as its specialist underwriter for planning and judicial review.