Insurer
Legal Update: Basis clauses: Insurers stealing a march on the law to make basis clauses a footnote in history
Peter Fitzpatrick explains how basis clauses can often harshly forfeit a policy, and why market forces could see them disappear long before they are formally outlawed.
UK General hails apprenticeship success
Leeds-based specialist insurer, UK General, has employed four apprentices full time after they completed a 12-month scheme.
High net worth: Staying on top
With an increasing number of direct players entering the high net worth arena, how can brokers stand out from the crowd and retain their traditional position as leaders of the market?
AIG strengthens EMEA team
AIG Europe has appointed Kelly Lyles as head of specialty lines for the EMEA region.
Your say: Don’t blame solicitors for PI failure
It is surprising that brokers are criticising solicitor firms for leaving it too late to seek specialist advice, since the majority of practices left without insurance were affected by the aborted transfer of policies from Balva – an unrated insurer in…
C-Suite: How to ensure value beats price
Brokers and insurers working exclusively could take the cost factor out of clients’ decisions.
Zurich’s Colm Holmes appointed Aviva UK CFO
Aviva has appointed Colm Holmes as chief financial officer for its UK and Ireland general insurance business.
AGCS adopts legal form of European company
Allianz Global Corporate and Specialty has adopted the legal form of a European company and merged with its subsidiary Allianz Global Corporate and Specialty (France), retroactive to 1 January 2013.
Charles Taylor forecasts growth for adjusting business
Professional services firm Charles Taylor is readying itself for growth in its adjusting business following investment in people and assets.
LV in the race to purchase Co-op's GI division
LV is reportedly in the race to purchase the Co-operative insurance’s operations.
NMB chairman appointed CEO of Cooper Gay
Reinsurance broker Cooper Gay & Co has appointed Gordon Newman as chief executive officer with immediate effect.
LMA group selects Charles Taylor to manage TPA Central Database
Charles Taylor Insurance Services has been appointed to develop and manage the third party claims administrators database by the Lloyd’s Market Association Binding Authority Claims Group following a tender process.
Insurers found to be neglecting social media customer service
Research conducted by Autoglass has shown that of 50 insurers surveyed just 40% are actively responding to customer enquiries received on social platforms.
London market called on to help cut growth in mid-sized power claims
UK power generators have called on the London market to become more involved in using the risk management technique process safety to halt the growth in mid-sized power claims and potentially reduce premiums.
Motor market urged to get on-board with My Licence
The Association of British Insurers is calling on the motor insurance market to sign up to My Licence to reduce fraud and improve policy applications.
Restoration firm and insurers join forces against fraud
A new fraud identification service aimed to help insurance companies identify and reduce the cost of fraudulent claims has been launched by claims audit and damage restoration experts firm Servicemaster Clean.
Ceeney exits FOS having helped watchdog triple in size
Chief ombudsman Natalie Ceeney is departing the Financial Ombudsman Service following almost four years in which she has helped the watchdog to triple in size.
Markerstudy acquires Capita insurance businesses as Pindar steps down as CEO
Capita has announced the sale of BDML, Lancaster, Sureterm and Delta to Markerstudy for an undisclosed sum as chief executive Paul Pindar announces his departure from the outsourcing company.
AGCS makes internal hire for marine role
Paul O’Neill has been named Allianz Global Corporate and Specialty global head of marine Europe and Asia Pacific effective 1 January 2014.
Zurich to invest up to $1bn in green bonds
Zurich is to invest up to $1bn in green bonds as part of its investment strategy.
Insured losses from Haiyan could reach $700m
AIR Worldwide has estimated insured losses from super typhoon Haiyan at between $300m (£185m) and $700m.
Andy Haste tipped for TSB chair role
Former RSA boss Andy Haste is the front-runner to take up the chairman role at high street bank TSB, according to reports.
Aviva to sell stake in Italian insurer Eurovita
Aviva is selling its 39% stake in Italian insurer Eurovita Assicurazioni to JC Flowers for €33m (£27m).
Aviva to sell stake in Italian insurer Eurovita
Aviva is selling its 39% stake in Italian insurer Eurovita Assicurazioni to JC Flowers for €33m (£27m).