Marsh has announced the appointment of Ann Collins to the newly created post of client services director for the Isle of Man. She previously worked for Aon, in Douglas, for six years, when she was an MD tasked with leadership of Aon’s Isle of Man broking team. She brings extensive experience to Marsh, and has [...]
Deloitte is reminding insurers that there are only four months left before the UK’s standard rate of insurance premium tax (IPT) increases to 6%. The accountancy firm suggests that preparations should already be underway, given this is the first rate change for 11 years. According to the company’s indirect tax director, David Fownes: “There is [...]
AXA Insurance has announced the appointment of Waseem Malik as the firm’s new finance director. In his new role Malik will acquire a seat on the AXA Insurance Executive Committee and assume responsibility for the group’s strategy and finance. His primary duty will be to ensure that the firm’s finance function continues to support the [...]
The Financial Services Authority (FSA) has imposed a lifetime ban on David Marriott, a former chief executive of two insurance intermediaries: Target Underwriting Ltd and Professional Insurance Select Ltd. Mr Marriott failed to segregate and protect money from clients’ insurance premiums and used client money to support the day-to-day finances at both failing firms. He [...]
Standard Life has announced up to 500 job losses over the next 15 months, as the group continues its cost reduction programme. The life and pensions provider may be cutting as many as 600 jobs, mostly at its Edinburgh base, while at the same time creating up to 100 new posts. It is understood that [...]
Marsh has launched a product designed to protect water utility companies against the cost of a serious contamination incident. With industry regulation tightening and the threat of terrorism increasing, water utility firms globally are firming up their attitude to risk and the insurer claims the policy is the first of its kind. It can provide [...]
Allianz has announced the appointment of Gary Coton to the position of household claims operations manager. Coton brings to the post 17 years of experience, and most recently worked for AIG where he was tasked with enhancing the efficiency of operations pertaining to the Premium Booking and Accounts Receivable process. In his new role he [...]
Aon has appointed Bruce Grant as senior broker, renewable energy team. Mr Grant joins from Marsh, where he managed the renewable energy team and designed and placed major offshore wind policies, having co-designed what have since become the standard offshore wind policy wordings. He brings over a decade of renewable energy experience, including working on [...]
Aviva’s RAC unit has launched a specialist patrol team to aid the 400-plus motorists per day who accidentally put the wrong fuel in their cars. RAC Fuel Patrol vans are fitted with equipment to extract the contaminated fuel and flush the vehicle’s fuel system on the spot, with motorists driving away, on average, 40 minutes [...]
Only one in eight car insurance policies offer any cover for road rage incidents, according to Defaqto’s latest report on the motor insurance industry. Where they do exist, road rage benefit limits range from £500 to £5,000, with cover for professional counselling costs usually included, and sometimes cover for physical assault. However, the firm’s general [...]
Online car insurer, swiftcover.com, is suggesting that motorists are increasingly trying to get insurers to pay for old damage and normal wear and tear as part of genuine insurance claims. To combat the trend, the company has published the top insurance claims tricks and misconceptions as follows: The “Two For One” claim – a driver [...]
