Insurer
Market Moves: Hiscox bolsters its underwriting team as a multitude of insurers make fresh hires
It has been a busy week for recruitment, with insurers picking up staff to lead operations old and new. Hiscox was among the bigger movers, recruiting three new underwriting staff, while Allianz brought in Neil Brettell to replace the promoted Jon Dye…
Website review: Churchill Home Insurance: Churchill site dogged by erratic loading times
Web performance specialist Gomez finds insurer’s home site could do better.
C-suite: With our help, SMEs can flourish
The industry can give SMEs a further boost as the economy recovers and they gain new access to capital.
Claims Club: Industry on alert as fraud gangs target claims for smartphones and tablets
Insurers are becoming increasingly alive to the activities of organised criminal groups amid a high level of fraudulent gadget insurance claims.
Claims Club: Deafness claims on the rise as CMCs pursue new avenues
Insurers have repudiated almost three-quarters of industrial deafness claims so far this year as claims management companies look to expand on their traditional personal injury focus.
Claims Club: Insurers unconcerned by St Jude storm losses despite high-profile buildup
The scale of the St Jude Day storm in the UK has been described as greatly exaggerated by claims bosses, who have played down the lasting industry impact of the much‑publicised weather event.
Industry split on telematics data sharing amid anti-competitiveness concerns
Telematics data expected to become ‘ubiquitous’ within the next decade.
Industry wish list asks government to include insurance in education
ABI, Biba and Lloyd’s in talks with government over fuelling growth in market.
Interview: Ian Parker: Taking the scenic route
Ian Parker’s search for the right firm took him across the globe before he finally found his ‘sweet spot’ with Equity. The chief executive tells Post why the insurer is such a perfect fit.
Southern Rock poaches five senior staff from Brightside
Southern Rock has capitalised on the uncertainty at Brightside by swooping for for five senior staff members in the last three months, Post can reveal.
Amlin UK's CEO to retire in 2014
Amlin UK’s chief executive Brian Carpenter will be retiring in 2014.
My Best XI: Chris Withers, Covéa
Covéa head of commercial lines distribution Chris Withers selects his best XI for an insurance company start-up. Chris’s team is almost exclusively made up from the upper echelons of the insurance intermediary world. However, he has drafted in a Russian…
Ironshore Australia and Inter Hanover announce M&A agreement
Ironshore Australia has reached an agency agreement with Inter Hanover for M&A insurance business primarily emanating from Australia and New Zealand.
Penny Black's Insurance Week - 5 December 2013
Penny has discovered Brightside finance director Paul Chase-Gardener’s hidden talent – the ability to predict the very near future.
Review of the Year: Loss Adjusting: Outlook unclear
Benign weather, regulation speculation and insurer panel reviews turned what began as a positive year for loss adjusters into a period of uncertainty. How do key figures from the sector feel about the past 12 months?
China pipeline explosion sees ¥4.6m in claims
The China Petroleum & Chemical Corporation has received an estimation of ¥4.6m ($755 000) in claims from an oil pipeline explosion in Qingdao province, according to the China Insurance Regulatory Commission.
Review of the Year: Health Insurance: Return to health
Health insurance personalities reflect on the past year and look forward to 2014, with high hopes for improving customer service and numbers as well as seeing an end to the EHIC scandal.
Outlook for Taiwanese non-life insurers stable, according to Fitch
Taiwanese non-life insurers have a stable sector outlook supported by strong capital buffers and satisfactory underwriting performance, according to ratings agency Fitch Ratings.
Prism Network predicts drying service will cut claims’ lifecycles
Disaster recovery business Prism Network has launched a drying service it predicts will improve insurer claims’ lifecycles from an average of 50 to 20 days on domestic claims up to £10 000.
Lloyd's appoints DCS Global as ECF conversion supplier
Triton Global’s claims division DCS Global has been selected by Lloyd’s as its preferred supplier to enable the market to optionally convert many of its 33 000 remaining paper claims files to electronic claims files.
New PI business to be launched by ex-Towergate team
A former Towergate employee is to launch a Sheffield-based professional indemnity underwriting business called The PI Desk.
Beazley unveils upgraded D&O cover
Beazley has broadened its directors and officers cover to include regulatory investigations and inquiries.
SRA urged for clarity on successor practices
Personal injury firm SGI Legal has called on the Solicitors Regulation Authority and professional indemnity insurers to issue ‘proper’ guidance on when those buying work-in-progress will be considered a successor practice.
Markerstudy closing Capita purchases on Wednesday
Markerstudy has received regulatory approval for its purchases of BDML Connect, Lancaster Insurance Services, Delta Underwriting Agency, Hero Insurance Services and Sureterm Direct.