Insurer
RSA’s Lee facing ‘personal crisis’ amid share price drop and future uncertainty
Simon Lee’s position as RSA group chief executive is under threat following a week that saw the insurer issue two profit warnings, which triggered a share price plummet, market insiders have claimed.
Editor's comment: Pass me a fork
It appears you can teach an old dog new tricks. Not so long ago I used this space to berate insurers for their lack of action in commercial underwriting, with firms talking the talk but not walking the walk.
AIA Singapore makes offer to HSBC's agents
AIA Singapore has agreed with HSBC Insurance (Singapore) to make an offer to the agents of HSBC Insurance (Singapore) to join AIA.
Career file: Sam Hudson - Aviva's Hudson to join Equity in January
Sam Hudson, Aviva's broker performance director for intermediary and partnerships, is to join Equity from the start of next year as commercial director.
Fitch affirms RSA ratings but increases scrutiny of governance procedures
Fitch Ratings has affirmed RSA’s insurer financial strength rating at 'A' and long-term issuer default rating at 'A-' following the profit warning issued by the insurer last week.
Career development: Skills shortages still surfacing says CII survey
More than half of UK insurers are still suffering from a dearth of technical skills according to a survey from the Chartered Insurance Institute.
Market moves: New faces as well as departures across the industry in a lively week for recruitment
This week saw a surge of recruitment, with changes and appointments across the industry. Post revealed that Simply Health would be axing two of its directors, while Covéa, Ace and XL were among the firms bolstering numbers. Bluefin continued a spate of…
Interview: Julia Graham: Golden Graham
As the incoming president of the Federation of European Risk Management Associations, Julia Graham explains how three keywords – diversity, profession and innovation – will help shape her reign.
Fraud Conference 2013: Cybercrime threat needs to move up the agenda to boardroom level
Fighting cybercrime should be an executive board consideration, insurer panellists at Post’s Fraud conference in London said last week.
Fraud Conference 2013: Insurers demand fundamental reassessment on data sharing
Concerns have been raised about plans by the Chartered Insurance Institute to reform data sharing between insurers and others using section 29(3) of the Data Protection Act.
Fraud Conference 2013: ABI considers anti-fraud advertising campaign to drive message home
The Association of British Insurers may consider advertising in the national media to tackle public perception of insurance fraud, its head of property fraud and specialist lines Aidan Kerr has said.
CII opens consultation on changes to chartered status
The Chartered Insurance Institute has released a consultation paper seeking feedback to proposed changes to the standards underpinning chartered status for insurers and brokers.
Lockton urges fire safety ahead of scheduled firefighters’ strike
Lockton’s Real Estate and Construction group has warned that property owners and developers could be at risk during tomorrow’s Fire Brigade Union strike because 80% of them do not have a current fire insurance valuation of their property assets.
Penny Black's Insurance Week - 14 November 2013
Penny was delighted to catch up with the new team at Equity this week and find out what their plans are for next year following the overhaul of the business.
Penny Speed meets... Simon Cooter, commercial lines director, Covéa Insurance
Being an insatiable socialite, Penny Black is always eager to probe the personalities behind the professional veneer of her industry friends. What better way to squeeze in and share as many intimate revelations as possible than her very own ‘speed…
Underwriting Property: Going for gold
Cited as a key factor in the British cycling success at the London 2012 Olympics, the philosophy of marginal gains can also be applied to underwriting.
Terrorism: Global threat
How has the insurance industry adapted to the steady rise in terrorism and civil unrest across the world in the past decade?
BGL unveils new chief information officer
BGL Group has appointed Stuart Walters as its new chief information officer.
Riot Damages Act recommendations could lead to improved underwriting
Recommendations in the independent review of the Riot (Damages) Act 1886 could be a blessing in disguise for insurers according to industry insiders.
C-Suite: Let’s get back to service
Insurers that prioritise cost when selecting legal partners are ‘fobbing off’ customers to the lowest bidder.
Bupa and UK Sport extend partnership deal
Bupa partnership with UK Sport is set to continue until March 2014.
Directors’ & Officers’: Much aD&O about nothing
Despite some predicting an uncertain period for the directors’ & officers’ sector following a government discussion paper and a high-profile claim refusal, unconcerned market insiders explain why education is their current priority.
Expertise Live: Building a better future
Construction was the issue up for discussion at the fourth Expertise Live event of 2013, held in association with Zurich.
Booth promoted to active underwriter for Syndicate 1955
Barbican Group has promoted David Booth to the position of active underwriter, Syndicate 1955.