Insurer
Penny Black's Insurance Week - 24 October 2013
New Aviva UK general insurance boss Maurice Tulloch has certainly made an impression on his new staff, and Penny hears the Norwich-based insurer’s head honcho has already attended a football match.
My best XV Selected by Peter Fice, QBE Europe
With the QBE-sponsored autumn rugby internationals on the horizon, Peter Fice, director of property for QBE Europe, selects his best XV.
Willis unveils specialty capacity placement strategy
Willis has pulled back the curtains on plans for three insurers to provide additional capacity for up to 20% of the its London specialty risk portfolio.
Cousins takes over from Flynn as AIG commercial property boss
AIG has appointed Steve Cousins to the role of UK head of commercial property.
Gibraltar-based motor insurers outperform UK counterparts
Niche offerings help domiciled firms achieve sub-100% CORs.
Industry warns over reputational risk of FCA’s ‘name and shame’ policy
Regulator’s new plans could see individuals under investigation outed publicly.
Necessity of new EU nuclear liability proposals questioned by industry
Premiums could rise due to new rules as UK announces new power station.
Editor's comment: Enough monkeying around
Figures this week show Gibraltarian motor insurers are outperforming their peers in the UK, with only seven UK motor insurers maintaining a combined operating ratio of sub-100%, last year compared with 12 firms in Gibraltar.
Towers Watson research finds 70% of global insurers considering M&As
International insurers are regaining their appetite for mergers and acquisitions, according to a Towers Watson and Mergermarket survey of senior insurance M&A executives.
Win tickets for England vs Argentina at Twickenham
With the QBE Rugby Internationals kicking off next month, Post and QBE, the official insurance partner of England Rugby, have teamed up to give two readers the chance to win a pair of tickets to watch England take on Argentina at Twickenham on 9 November.
View from the Top: A multinational approach to travel
Ace Group's Suresh Krishnan (pictured) discusses how to design an effective multinational business travel risk management programme.
Coface warns of Asia household credit boom
Credit insurer Coface has issued a warning comparing household debt in four Asian countries as similar to the US before the subprime crisis.
Motor premiums continue “record drops” in Q3 says the AA
A dramatic plunge in car insurance premiums is continuing according to the latest figures from the AA.
Market Moves: Busy Bluefin makes big hires while Allianz swoops for a rival’s regional director
Broker Bluefin was the most active firm in the insurance sector this week, with two appointments shaking up its business in North Yorkshire and Scotland. Meanwhile, Allianz hired a rival’s regional director, Hiscox brought in a broker to head up its…
Roundtable: Legacy systems: Knowing when to move on
How can insurers improve their approach towards the daunting but essential task of keeping their IT platforms up to date?
Legal Update: Product Recall: No room for horsing around when it comes to product recall insurance
Jim Sherwood says the furore surrounding a zebra toy found to contain a carcinogen emphasises the importance of being protected by robust product recall cover.
Whiplash: Choosing the right path
Several ideas have been suggested to alleviate insurers’ whiplash woes – but which method represents the best solution for all parties?
Private Investigators: Watching the watchmen
Three insurers were named among the firms being probed by the Information Commissioner’s Office for their use of rogue private eyes, but how will the wider industry be impacted by the investigation?
Expertise in Action: Supporting profitable growth for brokers
The trading landscape for brokers continues to be one marked by tough competition and tight margins.
Expertise in Action: Broker: Fully customised
A tailor-made risk management proposition provides the best result for clients, brokers and insurers alike.
Expertise in Action: Broker: Preferential treatment
Few clients are interested in commission disclosure, however, the issue of preferential treatment for brokers that produce the most business for insurers could soon face regulatory scrutiny.
Ageas given High Court approval to transfer Groupama covers
Ageas has received approval for the formal transfer of all Groupama business to its Optima and Exclusively brands from the end of October.
MSIG launches travel alerts in Singapore
MSIG will provide travel insurance customers with information over delays, natural disasters and political unrest to produce as a personalised service for them.