Insurer
C-Suite: Embrace change in 2014
Reforms faced by the industry this year should be welcomed – they have customers’ best interests at heart.
Questgates questions EL and PL portal benchmarking
Loss adjuster Questgates has questioned the practice of benchmarking performance based on the retention rates for employer's liability and public liability claims within the Ministry of Justice's portal.
Am Trust replaces Allianz as Affinion's underwriting partner
Am Trust Europe has reached an agreement with Affinion International to underwrite the customer loyalty and engagement products provider’s UK insurance products.
Skuld bolsters casualty management with new role
Norwegian marine insurer Skuld has appointed Sandro Vuylsteke to a new role of global casualty co-ordinator.
US politicians demand investigation into Target data breach
US House Democrats have requested a probe into the data breach which resulted in at least 110 million customers of US retailer Target having personal information stolen.
One dead and 52 homes destroyed by bushfires in Western Australia
A man has died on the roof of his home and 52 homes have been destroyed in the Perth hills as Australia suffers a serious heatwave.
Outstanding catastrophe bonds hit record
As at 31 December 31 2013, total catastrophe bond limit outstanding had reached $20.3bn the highest level in insurance-linked securities market history according to Aon Benfield Securities.
Health & Case Management hires customer relations director
Rehabilitation and treatment firm Health & Case Management has appointed healthcare specialist Kelly Sallows to its newly created customer relations director role.
Electrical contractors’ group launches dental plan
Electrical Contractors Insurance Services has launched a dental plan in association with National Dental Plan to increase access to affordable care.
HCC swoops for QBE man Railton to lead Leeds office
Specialty insurer HCC International has hired QBE’s Colin Railton to head up its newly opened Leeds office.
FCA insurance fines rise 160% in 2013
Fines imposed on the insurance sector by the regulator rose to £44.6m last year, up 160% on the previous year.
RSA serves up restaurants and hotels policy
RSA has launched a new restaurants and hotels insurance policy offering designed to provide cover for small-unlicensed hotels with up to six rooms or restaurants with up to 150 seats.
Dual recruits from Jubilee for European business development boss
Hyperion-owned Dual has recruited Jubilee’s group head of marketing for a role as director of European business development.
RSA facing potential £35m fine from Irish regulator
RSA could still be hit with a £35m fine as the Central Bank of Ireland continues its investigation into the control failures in the insurer’s subsidiary.
Covéa hands Dixon commercial claims role
Covéa Insurance has appointed Hannah Dixon to the newly created role of commercial claims account manager.
Costa Concordia removal operation set for June
Stricken cruise liner the Costa Concordia will be taken away for scrapping in an operation beginning in June.
Allianz unveils legal panel shake-up
Allianz has added Keoghs to its claims legal panel for England and Wales alongside DAC Beachcroft, Berrymans Lace Mawer and DWF following a comprehensive review process.
Ex-ANV underwriter Trueman to head up cyber at Novae
Novae Group has appointed ANV lead underwriter for enterprise risk Dan Trueman as head of its new cyber division.
Ageas to quote for 270 000 more properties with new system
Ageas has expanded its underwriting footprint to quote for approximately 270 000 additional properties in the UK following the implementation of a system that rates on an individual household level.
FCA proposes £34.5m fine for Homeserve
Homeserve UK is facing a £34.5m fine after receiving a draft warning notice from the Financial Conduct Authority.
Lloyd's syndicate backs Bitcoin storage unit
A Lloyd’s syndicate has become the first to provide coverage for digital currency Bitcoin, Post understands.
R&Q completes Chevanstell transfer
The business of Chevanstell, which traded in the UK as Tryg-Baltica International UK before going into run-off, has become part of R&Q Insurance (Malta) following a part VII transfer.
Zurich eyes bancassurance in Malaysia
Zurich has signed a memorandum of understanding with the Bank of China to explore bancassurance opportunities in Malaysia.
China's Fosun buys Portuguese insurer
Fosun International of China has acquired an 80% stake in Caixa Seguros e Saúde, the insurance arm of Portugese state bank Caixa Geral de Depositos SA for €1bn ($1.36bn), beating out Apollo Management International.