Insurer
Post magazine – 23 January 2014
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Editor's comment: The ratings game
The ugly issue of rated v unrated insurers has once again been pushed up the agenda, with news this week that the Solicitors Regulation Authority plans to roll out a consultation on the possibility of a ban on unrated or low‑ranking insurers from its …
International development and modernisation on LMA radar for 2014
The Lloyd’s Market Association will focus its efforts on international market development, market modernisation initiatives and improving the management of third party suppliers during the course of 2014.
Columbus Legal unveils new legal aid policy
Columbus Legal has pulled back the wraps on a new legal expenses policy designed to aid customers losing out on legal support following reforms.
Penny Black's Insurance Week - 23 January 2014
Penny’s prize for most committed mother in insurance this week goes to Zurich’s head of customer service, UK personal lines, Trudi Archer, who spent Saturday night at the hot and sweaty Joiners Arms in Southampton watching five-piece “metalcore band” The…
My Best XI: Kevin Roberts, Legal & General
Kevin Roberts, head of broker partnerships at Legal & General, has chosen his Best XI for an insurance industry start-up. Kevin has added Watchdog’s Anne Robinson and crocked Arsenal winger Theo Walcott to a team boasting some top insurance talent.
Career development: More than 60 jobs created by Admiral and Auto Windscreens partnership
Admiral Group has signed a three and a half year preferred supplier agreement with Auto Windscreens that is set to create more than 60 jobs at the repair company.
Career development: AIG handed chartered status
AIG has become one of 24 firms to have been awarded chartered insurer status by the Chartered Insurance Institute.
Market Moves - 23 January 2014
Catch up on the movers and shakers in this insurance industry this week.
BIA Countdown: Young achievers look back: Q&A with Helen Merfield and Jon Nottingham
As part of Post’s countdown to the 20th anniversary of the British Insurance Awards in July, we spoke to two past winners of the Young Achiever accolade. Jon Nottingham won the award in 2008 for his work in Axa’s commercial lines distribution business,…
Fraud: Stamping out fraud
The government is keen to minimise fraud to reduce premiums, so what penalties should individuals incur when they try to deceive insurance companies?
Costa Concordia: Two years on
Two years after the Costa Concordia ran aground, it has finally been given a date to be removed. What has happened in the marine market in the intervening period?
Amlin looks to Lloyd’s for underwriting hire
Amlin has appointed Ole Enevoldsen as group head of underwriting assurance.
Insurer FSCS levy to drop 37% while brokers see £8m increase in 2014/15
The proposed general insurance levy payable to the Financial Services Compensation Scheme in 2014/15 has dropped 37% from the year before, the organisation’s budget shows.
Markerstudy spurned last minute Co-op bid
Gibraltar-based motor insurer Markerstudy declined an offer to join an unnamed US investment house in a last-minute bid for the Co-operative’s general insurance arm, Post can reveal.
In Series: Motor: Areas of improvement
With any savings that can be made in the motor market eagerly sought by insurers, what impact are possible savings through intelligent vehicle repair allocation having?
In Series: Motor: Facing the future
Emerging tools offer unique opportunites to provide a smarter solution for motor insurance customers – while making the process more efficient and cost effective for the market.
C-Suite: Meeting 21st century needs
More openness and better modeling is needed to provide a better service for an ever-changing world.
Caviet to serve as interim AmTrust CEO at Lloyd's following Halpin exit
Geoff Halpin has stepped down as chief executive of AmTrust at Lloyd’s, Lloyd's managing agent of Syndicate 1206 and Syndicate 44.
Insurers and government agree Statement of Intent on social care reform
The Association of British Insurers and government have signed a joint Statement of Intent that sets out the steps needed to help people understand their long term care costs and plan to ensure adequate funding.
BMS joins forces with research institute for ERM solution
Independent insurance specialty firm BMS Group has entered into an exclusive partnership with research institute RTI International to offer enterprise risk management services.
Pratten to preside over £1.5bn in Canopius investment role
Canopius has appointed Michael Pratten to the newly created role of chief investment officer.
SRA ratings plans 'confused' says Enterprise
An unrated professional indemnity insurer has condemned plans from the Solicitors Regulation Authority to bar insurers rated below B.
Ace enhances D&O cover as liability and cyber top emerging risks poll
Ace has enhanced its directors' and officers' cover for the UK and Irish markets in response to market developments and feedback from its broker panel.