Insurer
SMEs and charities to be excluded from flood legislation
Small and medium sized enterprises are not to be included in Flood Re legislation, the government has announced.
Welsh asbestos bill passed
The Welsh Assembly has passed a bill allowing for the Welsh NHS to recover costs from the insurers of employers whose employees were exposed to asbestos.
Flood Re 'devalued' by affordability fears claims CII broking group
Flood Re is “devalued” by a lack of proposals to address issues of affordable premiums according to a paper from the Chartered Insurance Institute’s new generation broker group.
Insurers facing 'fundamental issues' ahead of Solvency II implementation
Only half of insurers understand the full impact of Solvency II, according to PA Consulting Group, which claims the industry must overcome “fundamental issues” in order to be ready in time.
ABI GI boss Evans urges insurers to prepare for future challenges
Insurers should start preparing for future challenges impacting their business in the face of regulatory changes and an increased focus on digital, the Association of British Insurers’ policy director and deputy director general has said.
Lance Armstrong settles with US insurer over $3bn lawsuit
Lance Armstrong has reached a settlement with Acceptance Insurance in relation to performance bonuses paid to him between 1999 and 2001.
Cigna and British Money team up for new product
White-label insurance provider Cigna Insurance Services and British Money have partnered up to provide new protection product Universal Cover.
Cigna partners with British Money on new product
White-label insurance provider Cigna Insurance Services has partnered with British Money to provide protection product Universal Cover.
AGCS appoints key account manager
Allianz Global Corporate & Specialty has appointed Danny Turner as key account manager.
Aviva app rates Norfolk drivers as among the least safe in the UK
Drivers in Norfolk are among the least safe in the UK, according to analysis from Aviva’s drive app.
Europe: Driving up M&A activity
Following the spectacular rise in value of merger and acquisitions in the European insurance sector during the first half of the year, Edward Murray looks the drivers behind the increase in activity.
Hyperion appoints David Jack as first CIO
Hyperion Insurance Group has appointed David Jack as its chief information officer – a new role for the business.
Generali sells Fata Danni to Cattolica for €179m
Italian insurer Generali has agreed to sell its agricultural risks business Fata Assicurazioni Danni to Cattolica for €179m (£149m).
Motor players facing 2013 profitability slump, claims report
Motor insurers are being dragged further away from profitability as a result of a combination of competitive pressure on pricing and firms over-estimating the impact of cost savings arising from civil litigation reforms.
Wong returns to AIG as senior advisor
AIG has appointed Stephen Wong as a senior advisor to provide strategic advice to AIG on business and industry developments in Hong Kong and Taiwan.
Zurich sells remaining stake in New China Life
Zurich has sold its remaining stake in New China Life for $943m with half of the shares being bought by Swiss Re.
Worldwide Broker Network hires PR manager to boost brand
WBN Appoints PR Veteran Howard Kalt to Direct Program Worldwide Broker Network has established a formal marketing communications function as it seeks to expand brand awareness.
Allianz’s former private eyes facing fine following conviction
Two rogue private investigators, who were hired by Allianz and other organisations between 2009 and 2010, have been found guilty of conspiring to breach the Data Protection Act.
AmTrust Europe Legal planning job cuts amid restructure
AmTrust Europe Legal has launched a restructuring process ahead of making a range of redundancies within its Manchester headquarters.
Insurers must improve customer satisfaction, report warns.
Insurers and banks are being outpaced by the rest of the private sector in improving customer satisfaction, according to a report from the Institute of Customer Service.
98.7% of UK motorists believe they are ‘safe drivers’
A report commissioned by Carrot Insurance found there is a “huge disparity” between the perception and reality of driving behaviour.
Argo appoints Wilken as president of Argo Re
Argo Group International has promoted Matthew Wilken has been promoted to president of Argo Re.
Ace unveils insurance solution for offshore oil and gas firms
Ace Group is expanding its offering to the offshore oil and gas sector following the launch of an insurance solution that contains pollution cover for contractors and suppliers.
Post Magazine - 21 November 2013
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