Insurer
BIA Countdown: Achievement winner reflects: Q&A with Peter Wood
Since their inception, the BIA 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.
Interview: David Martin: The value of specialism
Having returned to broking, Willis UK retail head David Martin is rethinking the strategy of resource deployment and focusing more on specialisms.
C-Suite: Rising to the network challenge
Over the past few years the phrase ‘facing challenges’ has become synonymous with the network model, and there is no doubt the Broker Network, like many others, has had to adjust its approach to ensure its proposition remains relevant.
C-Suite: A chance to prove our worth
Businesses perceived an increase in overall risks faced so why is risk management still so hit and miss.
Axa hits back at 'ludicrous' motor profit allegations
Axa has challenged Thompsons Solicitors to provide evidence of wrongdoing following allegations the insurer was failing to meet an International Financial Reporting Standards requirement in relation to revealing how much profit it generates.
Biba renews travel deal with Tokio Marine
The British Insurance Brokers' Association has renewed its holiday travel scheme with Tokio Marine Europe Insurance - first launched in 2007 - following positive member feedback.
Insurers taking a dim view of 'fronting'
Parents have been warned insurers may refuse to pay out on claims and launch legal action if they suspect mums and dads are pretending to be the main driver of a vehicle used predominantly by their children.
Direct Group targets growth following business split and name change
Direct Group has split its business into two units comprising of claims and distribution services, reshuffled its executive team and changed the name of its holding company, amid plans to grow the business by 20% in 2014.
Ex-First Assist boss Ellen to become Barbon chairman
Barbon Insurance Group has appointed Simon Ellen as its new chairman with effect from 1 February.
County Group unveils £50m broking target
The County Group has unveiled a broking target of £50m over the next four years following the release of its financial results for the year ending September 2013.
Prudential's Nuvoloni appointed DIMA chairman
Dublin International Insurance & Management Association has appointed Marco Nuvoloni as chairman of the association, replacing the outgoing Stephen Devine.
S&P upgrades QBE Syndicate 2999 to ‘5’ LSE rating
Ratings agency Standard and Poor’s has upgraded its Lloyd’s Syndicate Assessment rating for QBE Syndicate 2999 to “5/Stable”.
Meso sufferers could get 100% compensation says Labour peer
Compensation payments under the new Mesothelioma Act will increase over time to give victims 100% of what they are due, Lord McKenzie of Luton has predicted.
FCA launches compensation scheme for CPP mis-selling
The conduct regulator is predicting a redress bill of up to £1.3bn as it announced today a compensation scheme for consumers who were mis-sold card or identity protection products would start in mid-February.
Higos swoops for Bluefin team
Higos Insurance Services has bolstered its commercial insurance team with several new additions from rival Bluefin.
European appetite for run-off deals set to grow, survey finds
France and Germany have been tipped as the most likely European countries to see run-off deals completed, according to insurance industry respondents to a Clyde & Co survey.
Flood losses not expected to arrest premium decline, claims Moody's
Widespread flooding over the Christmas period is unlikely to reverse the decline in property insurance premiums, despite the impact of the adverse weather conditions negatively affecting insurer’s earnings, according to Moody’s.
Ukrainian market shows signs of strong recovery
Profitability in the Ukrainian non-life insurance sector has recovered strongly in recent years but standards of regulation and financial reporting continue to act as a drag on ratings, according to Fitch’s market update.
MICC boosts membership to 16 with first female representative
The MENA Insurance CEO Club has inducted its first female member in the form of Lamia Ben Mahmoud, chair and general manager of Société Tunisienne de Réassurance.
LV CEO predicts 2014 motor recovery following £40m GWP drop
LV has recorded a £40m drop in general insurance gross written premium for the 12 months ended 31 December 2013 while total in-force policies grew by 300 000.
Axa targets home, motor and commercial vehicle for data enhancement
Axa is collaborating with Lexis Nexis to bring more data and analytics to its home, motor and commercial vehicle books.
Quindell set to acquire remainder of Ingenie
Outsourcing provider Quindell has agreed a deal to acquire the remaining shares in telematics firm Ingenie.
Sir John Major and The Apprentice’s Brady to deliver Biba keynotes
The British Insurance Brokers' Association has booked Sir John Major, Karren Brady, John Prescott, David Davis and Ming Campbell as the keynote speakers for its annual conference.
Ironshore hires Lexington's Horton for US liability risks role
Ironshore International has appointed Chris Horton as director of underwriting for US liability risks, including specialty casualty, Iron Pro, Iron Health and environmental business lines.