Insurer
Penny speed meets... Matt Gifford, Elite, director of insurance
Being an insatiable socialite, Penny Black is always eager to probe the personalities behind the professional veneer of her industry friends. What better way to squeeze in and share as many intimate revelations as possible than her very own ‘speed…
Industry-owned cat modelling framework launches
An industry-owned catastrophe modelling framework has launched today aiming to reduce costs and increase flexibility for its users.
FCA issues warning on clone firm LGS Commerce Insurance
The Financial Conduct Authority has issued a warning on a clone insurer using the details of marine underwriter Sunderland Marine Mutual Insurance Company.
Legal Update: Sports Injuries: NFL concussion payout should act as a warning to UK sports bodies and insurers
Emma Baldwin says claims for long-term injuries caused by sport could be on the rise.
BIA Countdown: Top of the league: the most successful firms at the British Insurance Awards
To mark the 20th anniversary of the British Insurance Awards, Post thought it would be interesting to see who had been the most successful companies over the first 19 years, using a simple football-inspired scoring system of three points for a win and…
Insurance Fraud Register Ready for lift off
First formulated in 2009, the Insurance Fraud Register is finally ready for launch. Will it create a sea change in the way the industry tackles fraud?
North of the border: Taking steps on civil claims
The Scottish government plans to increase the limitation period from three years to five years.
Agriculture: Hard times
With a predicted increase in extreme weather events expected to add to the many difficulties already faced by farmers, how can the insurance industry better support the beleaguered sector?
C-Suite: Different expectations pose risk
The government and the industry are not on the same page when it comes to motor premium reductions.
Career development: Allianz Commercial scholarships open for applicants
An Allianz scholarship programme supporting broking staff in achieving their Chartered Insurance Institute diploma has opened for applications.
Career file - Ian Foy: Aviva appoints ex-IAG UK boss to new GI role
Aviva has appointed Ian Foy to the newly created role of managing director of personal motor, home and specialist lines within its UK & Ireland general insurance business.
Market Moves - 30 January 2014
Admiral, Canopius and Novae were among the recruiters in what was a busy week for insurers, with Bollington and JLT-owned Thistle the brokers making moves.
Markel welcomes Lloyd's Dubai plans
Markel has welcomed the proposed Dubai branch of Lloyd’s acknowledging the market cannot wait for business to come to London.
Interview: Xchanging CFO David Bauernfeind
Xchanging’s CFO, David Bauernfeind, is in the middle of a major organisational transformation while managing the demands and pressures of a listed company.
Ace hires Willis’ Stuart Elliot to grow terrorism book
Ace Group has appointed Stuart Elliot as terrorism and political violence underwriter responsible for growing the its terrorism book.
Industry facing £426m bill for Christmas floods
The insurance bill for storm and flood damage over the 2013 Christmas and New Year period will cost the industry around £426m, according to the Association of British Insurers.
RBS reserves additional £465m for PPI claims
Royal Bank of Scotland has reserved £465m for further claims of mis-sold payment protection insurance after instances failed to decline as expected.
Marketform recruits Franks to boost cargo business
Lloyd’s specialist underwriter Marketform has recruited Howard Franks as a consultant to work with cargo underwriter Nicholas Edwards.
Chinese insurers investing heavily in Australian property
Chinese insurers are set to ramp up investment in Australian commercial property by 30% this year.
Indonesian authority sets pricing guidelines for disaster coverage
The Indonesian Financial Services Authority has given insurers minimum and maximum prices for disaster coverage of motor vehicles and property to stop unhealthy competition.
Young driver debate welcomed despite lack of progress on green paper
Companies in attendance at a Westminster Hall debate on young driver safety have welcomed the opportunity to engage in a collaborative industry discussion, but questioned the prolonged delay of a green paper on the issue.
UK businesses taking more risks, QBE research finds
More than half of UK businesses are taking more risks than previously in order to win new business, according to research from QBE.
Proximity to schools and supermarkets used in claims propensity study
Homeowners in certain parts of Sheffield, Newcastle-upon-Tyne and Kent are among the most likely to make a home insurance claim, according to a study conducted by Marketing Matrix.
RSA likely to axe 2013 dividend says analyst
RSA may scrap plans to pay a 2013 full year dividend according to a report from Shore Capital analyst Eamonn Flanagan.