Insurer
AGCS unveils country manager for Austria
Allianz Global Corporate & Specialty has appointed Ole Ohlmeyer as the new country manager for Austria.
RSA bids forecast as shares plummet 20%
RSA will face acquisition bids if its share price falls too far according to Shore Capital analyst Eamonn Flanagan.
RSA chairman Scicluna to serve as interim CEO following Lee resignation
RSA chief executive Simon Lee has resigned as the insurer revealed it will pump £135m into its troubled Irish division.
Cooper Gay Swett & Crawford names North American subsidiary president
Phil Baker is to take the helm of Cooper Gay Sweet & Crawford’s North American subsidiary Creechurch International Underwriters in the new year.
Profit growth not BGL's main aim in 2013 as CEO eyes five-year plan
BGL chief executive Matthew Donaldson has defended his firm’s static profit growth in 2013 by claiming that the launch of a five year growth initiative had meant that building on last year’s profit margin was never expected.
BGL profits remain flat despite attracting two million more customers
The BGL Group has recorded pre-tax profits of £88m for the second consecutive year, despite increasing customer numbers by two million to 6.6 million during the same period.
Three insurance industry reps nominated to PRA panel
Three insurance industry members have been have been nominated to the Prudential Regulation Authority’s practitioner panel established to represent the interests of the financial services industry.
Ace appoints Ian McFadyean to regional manager role
Ace Group has appointed Ian McFadyean as business development manager for the south west and Wales.
Kiln appoints Singapore based head of construction & engineering
Kiln has appointed Christian Kolmberger as head of construction and engineering.
Avanti unveils new MD
Avanti Insurance has appointed Elaine Cozens as its new managing director.
Ascent launches medical billings E&O cover for US
Ascent Underwriting has launched a medical billings errors and omissions insurance product specifically aimed at the US healthcare professionals.
Europe: Telematics around the world
"Black", "box" and "technology" have become buzzwords for the insurance industry, with firms of all stripes seeking to incorporate more data into both their underwriting and claims processes to give insurers a better idea of customer risks.
RSA no longer facing pay out two years after tragic M5 crash
RSA is no longer expecting to be on the hook for claims relating to a fatal motorway pile-up after the fireworks contractor in charge of a display held on the night of the crash in which seven people died was cleared of breaching health and safety laws.
Lorega partners with BVCA on loss recovery offering
The British Venture Capital Association is to offer Lorega’s loss recovery insurance to its members via its advantage platform.
Hong Kong premiums grew 14% in first nine months of 2013
Statistics from Hong Kong's Office of the Commissioner of Insurance indicate the SAR's total gross premiums to the end of Q3 amounted to HK$216.8bn ($28bn), representing an increase of 14% over the same period in 2012.
Tim Holliday appointed Zurich UK personal lines boss
Zurich has appointed its UK general insurance chief underwriting officer Tim Holliday to take over as managing director of its UK personal lines business.
Blog: Could the UK follow New Zealand's lead and embrace driving curfews?
As the festive season gets into full swing, several insurers are already issuing warnings to policyholders about the dangers of “riskmas”.
Kennedys and Simpson & Marwick axe merger plans
Law firms Kennedys and Simpson & Marwick have cancelled plans to merge citing “complex reasons”.
SRA mulls enforcement action for firms in PI breach
The Solicitors Regulation Authority has warned it is considering enforcement action after “a substantial number of solicitors” failed to declare their insurance position regarding professional indemnity cover.
Post magazine – 12 December 2013
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
Kiln hires new stable mate for equine team
Kiln has appointed Bill Bevan as equine underwriter within the accident & health division to focus on bloodstock and livestock risks.
David Radford appointed Allianz brand boss
Allianz has appointed David Radford to the newly created role of UK brand director.
Plum extends home product to cover landlords
Plum Underwriting has extended its home works product to cover landlords undertaking extensive building extension projects and renovations.
Millburn unable to pay claims after entering administration
Millburn Insurance Company has become the first UK regulated insurance firm to enter administration since 2009, three months after it stopped writing new business following a review by the Prudential Regulation Authority.