Insurer
Young driver green paper publication unlikely before 2014
The Department for Transport has said it will not be releasing its green paper on young driver safety until it has reconciled improving safety without restricting young people’s freedom.
Govt and ABI yet to finalise details on leaders programme, Javid says
Financial secretary to the Treasury Sajid Javid said the government is yet to sort out the details around working with the Association of British Insurers on its future leaders programme as part of the UK insurance growth action plan.
UK General prepares for 2014 schemes growth with three hires
UK General has made a trio of appointments to broaden the scope and knowledge of its schemes division, in anticipation of a period of expansion.
Aviva sets aside £500m for investment as insurance growth plan is launched
Aviva has pinpointed £500m for investment in UK infrastructure following a pledge with five other life insurers to pump £25bn into major projects as part of the government’s national infrastructure plan.
Bupa unveils new chief internal auditor
Healthcare company Bupa has appointed David Fletcher as chief internal auditor.
Bassett finds new home at OIM Underwriting
OIM Underwriting has appointed Faraday’s Nicola Bassett to the newly created role of claims director.
Further storms predicted next week as insurers remain vigilant
Insurers have been warned that much of the UK will be impacted by storms that are set to wreak havoc on homeowners and commuters next week.
Europe: Ecall opportunities
What does the long-anticipated road safety initiative Ecall – set to be introduced across the EU in October 2015 – mean for the insurance industry?
Ageas’ Watson becomes chairman of ABI motor committee
Ageas UK chief executive Andy Watson has been appointed chairman of the Association of British Insurers’ motor technical committee.
AIG appoints Bond Dickinson for contract work
AIG has appointed law firm Bond Dickinson to handle its high-volume contract work.
Australian travel insurer makes weak IPO debut
Shares in Cover-More Group opened down 12.5% today following the Sydney-based travel insurer’s A$521m ($460m) IPO on the Australian Securities Exchange.
AIA pens 15 year 11 country deal in Asia-Pacific with Citibank
AIA and Citibank have reached a huge 11 country 15 year bancassurance distribution agreement for life and health insurance products at Citibank's 600 strong Asia-Pacific branch network.
MetLife sponsors badminton World Superseries
US health and life insurer MetLife has signed a four year deal to sponsor the Badminton World Federation World Superseries from 2014 to 2017.
Indian GI market to grow strongly over next four years
Underinsurance in India is expected to spur growth over the next four years according to ratings agency Care Ratings.
Ageas extends partnership with Hampshire Cricket
Ageas has extended its ground-naming partnership deal with Hampshire Cricket to 2022.
Ageas reinsurance claims boss Gunter to retire next year
Ageas’ head of reinsurance claims Nick Gunter will retire at the end of March 2014 following 35 years at the insurer, Post can reveal.
SRA threatens disciplinary against firms without PI cover
The SRA has warned that it may take disciplinary action against solicitors continuing to operate despite having failed to renew their professional indemnity cover.
Watson to remain as Canopius CEO ahead of Sompo-backed M&A activity
Canopius chairman Michael Watson will not look to replace outgoing chief executive Inga Beale and will instead occupy the role himself on a permanent basis as he eyes acquisition opportunities under the ownership of NKSJ Holdings’ Sompo Japan.
Women not shopping around despite premium rises, claims survey
Women have reported a 12% price increase on their motor insurance following the introduction of the Gender Directive 12 months ago, Consumer Intelligence has found.
Flood victims face health risks due to drying delays
Hundreds of flood victims are waiting over a week for contractors to begin drying work on flooded properties, one of the technical committee of the new PAS 64 standard on flood damage restoration has claimed.
ABC Home product launches on Berkley Alexander panel
LV Broker’s ABC home insurance product has been launched on the Berkley Alexander Quote & Buy panel.
External candidate expected to replace Lee at RSA as sale speculation mounts
Analysts say firm could seek to raise capital by selling international operations
Industry divided over Competition Commission’s motor recommendations
CC cost-cutting suggestions include banning credit hire referral fees
Lloyd’s first-ever female CEO Inga Beale signals new era for insurance industry
Canopius CEO’s experience makes her ‘ideal’ replacement for Richard Ward