Insurer
Consultation could see Scotland get different personal injury discount rate
Insurance and legal observers are considering the possibility that different discount rate for personal injury claims could be set in Scotland from the rest of the UK.
Career Development: Reed report paints positive picture of insurance jobs market
Confidence has returned to the insurance jobs market, with 39% of workers setting their sights on new roles for 2013 and job opportunities continuing to rise year-on-year.
RAC intermediary arm reveals growth plans after post-Aviva sale overhaul
The commercial director of RAC’s intermediary arm has outlined the firm’s plan to make up competitive ground lost under its last ownership, almost 18 months after Aviva sold RAC to private equity firm Carlyle Group for £1bn.
Motor Claims 2013: Aviva and Apil clash over whiplash medical evidence
Aviva claims director Dominic Clayden has questioned whether medical evidence should be a requirement for all low-level whiplash claims after expressing disillusionment with the current system.
Motor Clams 2013: Motor repair model could face CC ban
Insurers must prepare for the possibility of a Competition Commission ban on the approved motor repair model, according to Parabis sales and marketing director Eddie Longworth.
Penny Black's Insurance week
Not content with becoming a You Tube sensation for his dance moves, LV's general insurance chief operating officer Peter Horton has decided that he would also like to dominate the world of fashion.
Scottish powers already affect industry
The independence debate has been dominating headlines in Scotland, but insurers should keep in mind that the Scottish Parliament already enjoys significant power over issues that are relevant to their business.
Be prepared for move to IFRS
Unlisted insurers and Lloyd’s syndicates need to prepare for a move to IFRS.
View from the Top: MGAs enter the mainstream
Brokers and insurers will need to be transparent to thrive, says Stuart Reid, chief executive, Bluefin.
View from the Top: Better together
Co-operation in the pursuit of common goals will make us all stronger, says Nicolas Aubert, managing director, AIG UK.
Market Moves: Brokers continue to up their numbers while Groupama’s Matras heads for exit
The broking sector again led the way in recruitment this week with notable hires at Hyperion, Miller and Hastings. Meanwhile, Giles continued to demonstrate its appetite for new staff by swooping for northern rival Reich’s operations manager Andrew Perry…
Scottish Independence: Scot free?
With a referendum on Scottish independence due next year, will an independent Scotland cause problems for the insurance sector, or is it business as usual?
Penny speed meets... Edward Shropshire, managing director, Aquarium Software
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…
Insurance Census: Race: Background check
In the final part of Post's Insurance Census on diversity in the industry, the focus is on race. To what extent does the sector offer equal opportunities to ethnic minorities - and how much has the situation improved in recent years?
Health Shield sets out five year vision
Health Shield has set out its five year vision for growth as part of a strategy to provide “affordable healthcare support to the widest possible community.”
RSA's Brown: Commercial lines needs double-digit rate strength
RSA's chief executive of UK & Western Europe Adrian Brown has claimed the UK commercial market is "broadly underpriced by 10% to 15%".
Arag expands BTE sales team
Legal expenses insurer Arag has added a corporate account manager to its before-the-event sales team.
Tesco Underwriting COR fails to drop below 100%
Tesco Underwriting’s combined operating ratio has remained above 100% despite seeing net profit rise in line with where it should be, according to Ageas chief executive Andy Watson.
RSA says Italy segment on track to break even in 2013
RSA posted 5% premium growth for the year ended December 2012, however its underwriting result was flat at €375m owing to adverse weather and earthquakes in Italy.
Dual strengthens board with non-executive appointment
Hyperion’s underwriting arm, Dual, has appointed Alan Grant as non-executive chairman of the international board of directors and non-executive director of Dual’s UK operating companies.
RSA's UK profit falls 37% as commercial losses take toll
RSA blamed adverse weather in the first half of 2012 and a weak marine and commercial liability performance on UK underwriting profit tumbling to £39m (2011: £62m) while the combined ratio was 98.2% (2011: 97.3%).
Esure IPO to be filed ‘within days’
Esure is considering filing a formal intention to float within days, according to the Financial Times.
Jakarta flood losses not expected to trigger solvency problems
Flooding in Jakarta, Indonesia in January expected to cause economic losses of IDR32trn (€2.46m) according to official government reports, but only IDR3trn of that is expected to be insured.
BP heads for two-step Deepwater Horizon civil trial
BP is to face a civil trial over the 2010 Deepwater Horizon oil disaster, after talks on a settlement with US authorities collapsed.