UK travellers have been advised by Post Office Travel Insurance to remember to take out travel insurance. Over the course of the last three years one in three Britons have had a health/well-being holiday, according to recent research. Post Office Travel Insurance has urged those going on holiday, even if going for a relaxing spa [...]
The financial sector is braced, as is the entire country, for the imminent austerity measures to be introduced in this week’s Budget to address the crippling deficit the United Kingdom faces. One of the taxes thought likely to rise is Insurance Premium Tax (IPT). Steve Howell, of CBG Group, has warned against a substantial rise [...]
Defaqto, the independent financial research company, has issued a guide indicating that the probable changes to capital gains tax (CGT) at the forthcoming Budget could see a surge in popularity for insurance bonds. Insight Analyst for Wealth Management David Abbis explained that changes in 2008 to CGT made mutual bonds a more attractive proposition than [...]
Liberty International Underwriters in Europe (LIU Europe) has further enhanced its capabilities in continental Europe with the appointment of Alexandre Egnell as assistant VP of Trade Credit/Political Risk. Egnell’s hire marks the beginning of the firm’s local underwriting presence in France for trade credit and political risk business. He brings with him a decade and [...]
Aviva has its sights set on the large corporate risks market, having just appointed Dipak Warren as Corporate Risk Solutions director. Ms Warren is moving from Mitsui Sumitomo Insurance (London Management), which she joined in 2000 to eventually become active underwriter and director of Mitsui Syndicate. She is currently responsible for the Syndicate business plan [...]
Ordnance Survey (OS) has recently launched OS OpenData, a free-to-use mapping and data portal that allows insurance firms and banks to identify geographical patterns in fraud. The map-maker claims that changes in fraudulent activity can become much clearer when OpenData is used alongside an organisation’s own intelligence, resulting in faster and more intelligent decision making. [...]
Many insurers are hitting the over-65s with significantly higher premiums for car and travel cover, according to new research from Which? Money. The consumer watchdog found a “huge range” in premiums for travel insurance, with steep increases when passing from one age group to another. According to the study, a 74-year-old currently paying £383 for [...]
Rural insurer Cornish Mutual has announced a new sponsorship deal to support Devon’s young farmers with training and activities. Over the course of the next twelve months Cornish Mutual will be supporting a range of events that have been organised by the Devon Federation of Young Farmers Clubs. Seventeen year old Jessica Medland from Peter [...]
Insurance broker UIB has named Keith Anderson as the firm’s new group finance director, with a seat on the UIB Holdings Group board. Anderson joined the broker last year, and brings almost a quarter of a century of experience in financial services to his new position with UIB. Previously, he worked for Willis Global Specialties [...]
Paul Chalk has been appointed by Insurance broker UIB to serve as the firm’s divisional director for IT. He brings over two decades of experience in IT to the firm, and joins UIB from international insurance and reinsurance broker Glencairn where he spent three years as head of IT, prior to which he worked for [...]
Mazars Actuaries and Consultants has opened a Gibraltar office, the first of its kind, to meet the rising demand in Gibraltar for specialist advice, particularly relating to the incoming Solvency II regulations. The office will be led by Director Paul Tysoe, a veteran of the Gibraltan insurance sector, which has grown rapidly in recent years. [...]
Kwik Fit Insurance is celebrating its 15th anniversary, attributing its successful decade and a half to its people-focused approach. The broker, which is based in Lanarkshire, employs in excess of 1,000 people at its Uddingston call centre and has seen its policy book rise from 20,000 in 1995 to exceed 1 million today. When the [...]
The board of Beazley Furlonge Ltd, the Lloyd’s managing agency that forms part of Beazley plc, is to be joined by Rolf Tolle, Beazley has announced. Tolle, whose appointment requires the necessary regulatory green light, was formerly franchise performance director at Lloyd’s, until December when he ended his seven years in the post and retired. [...]
Aviva is claiming that almost two thirds (63%) of Britons feel happier now than five years’ ago, and that seven out of 10 are actually content with their current situation. Research in the form of the Aviva Feel-Good Insight Study also indicates that relationships, security and health hold the most sway with regard to a [...]
Specialist insurer Hiscox has announced the appointment of Krystalle Tobin as chief financial officer of its business in Bermuda. Tobin has been with Hiscox Bermuda for the last four years when she joined the firm as financial controller and treasurer. Earlier in her career she served as a vice president with Inter-Ocean Reinsurance Co Ltd, [...]
New research from Marsh suggests that many European firms could be over-confident in their ability to manage the business continuity and supply chain risks facing their organisations. According to the study, 83% of respondents agreed that business continuity management (BCM) was integral to their risk management but only 41% believed that it had given them [...]
A new report from Marsh examines how owners of captive insurance companies are tapping into surplus funds while continuing to comply with local regulations governing the capitalisation of their captives. The study, which is entitled Single Parent Captive Benchmarking: Capital and Collateral, focuses on activities in the past 12 months of over 750 organisations that [...]
XL Insurance has announced that it has launched a new claims defensibility advice service, named ExClaim! Companies utilising ExClaim! will be provided with liability risks management and a robust claims management process, backed up with a team of in-house professionals and external specialists offering advice and support for all pre- and post-incident risk management and [...]
