Daily Insurance Industry News
 
 
Daily Insurance Industry News
Monday 22nd of January 2018
August 23, 2011

Zurich names new head of Media Relations

by Richard Kilner

Story link: Zurich names new head of Media Relations

Zurich Financial Services Group has announced the appointment of Maeve Gallagher as the firm’s new global head of Media Relations. Gallagher, whose appointment is effective from 1 September of this year, succeeds Angel Serna who has become Zurich’s global head of Corporate Communications. Gallagher assumes the leadership of the firm’s global media relations team, and […]



August 22, 2011

Brit warns on legal services PI risk

by Gill Montia

Story link: Brit warns on legal services PI risk

Brit Insurance has highlighted the professional indemnity (PI) risks that accompany the amendment of the Legal Services Act 2007 and the trend for consolidation in the legal services sector, whereby firms merge to create global professional practices. Having witnessed an increase in claims from corporate law firms, the insurer suggests that some firms need to […]



MMA Insurance adds to Motor Trade product range

by Richard Kilner

Story link: MMA Insurance adds to Motor Trade product range

MMA Insurance has announced that it is broadening its product range with the launch of a new Motor Trade Combined product. The new product provides coverage on a comprehensive road risks basis, including business interruption, combined liability, money and assault, and other areas. Optional coverage areas include engineering, legal expenses, loss of MOT licence and […]



Amlin’s biannual results hit by catastrophes

by Richard Kilner

Story link: Amlin’s biannual results hit by catastrophes

Amlin has reported its financial results for the first six months of 2011, including a pre-tax loss of £192.3m. The loss was largely due to the high level of catastrophe activity in the first half of the year, and compares to pre-tax profits of £107.6m in the corresponding period in 2010. The total biannual catastrophe […]



British insurance sector pays £10.4bn in tax

by Richard Kilner

Story link: British insurance sector pays £10.4bn in tax

A new report from the Association of British Insurers (ABI) and PWC has revealed that the insurance sector pays a total of £10.4bn in tax to the UK Treasury. This is enough to fund the entire Home Office budget, with £200m to spare. Insurers paid £2.7bn in corporation tax, 6.4% of the total of that […]



Aon spots Pensions Bill blunder

by Gill Montia

Story link: Aon spots Pensions Bill blunder

Aon Hewitt is calling for a change in the Pensions Bill before it comes into force. According to the human resources specialist, many organisations are planning to extend auto-enrolment to everyone, regardless of earnings or age. However, as it stands, the legislation requires the employer to recognise different categories of worker with their own distinct […]



August 19, 2011

Miller bolsters Hong Kong office

by Richard Kilner

Story link: Miller bolsters Hong Kong office

Miller has announced the appointment of Martin Giggins to the firm’s office in Hong Kong. In his new role for the firm Giggins will be tasked with driving forward the development of Miller’s financial services business in the Asia region. He specialises in the production and placement of financial risks, such as professional indemnity and […]



Allianz partners with Fix Auto UK

by Richard Kilner

Story link: Allianz partners with Fix Auto UK

Allianz Insurance has announced that it has formed a partnership with Fix Auto UK for its national accident repair services. The three year deal entails select Fix Auto UK’s fully-branded group of independent bodyshops being granted approval to carry out repairs on behalf of Allianz. At times of the highest demand, the complete Fix Auto […]



August 18, 2011

XL appoints Australian environmental underwriter

by Richard Kilner

Story link: XL appoints Australian environmental underwriter

XL Insurance has announced the appointment of Andrew Hookings to the post of environmental underwriter for Australia. Hookings brings over a decade of experience to his new role, and most recently worked for XL Insurance as a client relationship manager in Sydney. His appointment will help to address increasing demand for environmental coverage, particularly in […]



Co-operative give cash back to safe young drivers

by Richard Kilner

Story link: Co-operative give cash back to safe young drivers

Almost nine out of 10 motorists with The Co-operative’s Young Driver insurance will find more than £100 added to their accounts, having proven themselves safe drivers. Drivers who have kept to speed limits, not partaken of excessive braking/acceleration and avoided racing around corners will be rewarded by the cashback scheme. The manner of driving is […]



August 17, 2011

ABI urges travellers to take out insurance

by Richard Kilner

Story link: ABI urges travellers to take out insurance

The number of British travellers falling ill abroad has recently hit a record high, the Association of British Insurers (ABI) has reported. Last year emergency medical treatments cost travel insurers £275m in claims, with medical expenses surging by 270% over the course of the last six years. Over the same period of time the number […]



Legal & General responds to rising unemployment

by Richard Kilner

Story link: Legal & General responds to rising unemployment

The latest employment figures, released today by the Office for National Statistics (ONS) has been commented upon by Group Board Director for Legal & General’s Risk businesses John Pollock. Pollock said that the rise in unemployment was not totally unexpected, but said that it unfortunately meant job prospects were unlikely to improve in the immediate […]



Victor Millwell signs motorhome insurance deal with Aviva

by Brian Turner

Story link: Victor Millwell signs motorhome insurance deal with Aviva

Victor Millwell is set for expansion after being selected by Aviva as preferred provider of its motorhome insurance through the Aviva Direct distribution channel. The agreement allows Victor Millwell to offer its award-winning insurance to customers of Aviva Direct who are seeking new or renewal quotes. “This is a big step forward for us,” said […]



August 16, 2011

Bupa appoints group chief risk officer

by Richard Kilner

Story link: Bupa appoints group chief risk officer

International healthcare group Bupa has announced the appointment of Keith Jackson to the position of group chief risk officer. Jackson will take up the role on 5 September and will be directly responsible to Acting Group Finance Director Neil Taylor. In his new role with the firm he will assume responsibility for the risk, compliance, […]



Atradius mourns passing of CMO and Vice Chairman

by Richard Kilner

Story link: Atradius mourns passing of CMO and Vice Chairman

Atradius N.V. has announced the sad death of Dr Peter Ingenlath, the firm’s chief marketing officer and vice chairman. Dr. Ingenlath was 53 years old, and passed away whilst in Germany on holiday. For the last eight years he had held a seat on the Atradius Management Board, and was chairman of the Supervisory Board […]



AXA warns against dangerous new crazes

by Richard Kilner

Story link: AXA warns against dangerous new crazes

Travel insurer AXA has warned British travellers that claims made due to dangerous new crazes will be rejected. AXA has seen a spike in such claims, with as many made in the summer of this year as in the whole of 2010. The insurer blames the rise in claims (such as falling off of balconies) […]



AIG appoints treasurer

by Richard Kilner

Story link: AIG appoints treasurer

American International Group, Inc. (AIG) has announced the appointment of Brian T. Schreiber to the post of AIG treasurer. Schreiber, who is already executive vice president Treasury and Capital Markets, will retain his present role and succeeds Robert A. Gender, who had held the post for the last six years. Schreiber joined the firm 14 […]



August 15, 2011

Lloyd’s delegates impressed by Turkish potential

by Richard Kilner

Story link: Lloyd’s delegates impressed by Turkish potential

Istanbul, which aspires to become a regional and international insurance financial hub, recently received a delegation from Lloyd’s led by Chairman Lord Levene. More than 40 brokers and managing agents accompanied the delegation, the largest of its kind to visit the gateway city between Europe and Asia. The prospect of Istanbul developing into a financial […]



ACE bolsters UK Accident and Health team

by Richard Kilner

Story link: ACE bolsters UK Accident and Health team

ACE European Group Limited has announced that it is bolstering its UK Accident and Health (A&H) team with a trio of new appointments. Mark Elliker, formerly of Chartis Insurance, has been named as Midlands A&H underwriting manager, with a particular emphasis upon Accident & Health protection. Elliker, who brings decades of experience to ACE, is […]



Allianz reports H1 results

by Richard Kilner

Story link: Allianz reports H1 results

Allianz UK has reported its interim financial results for the first six months of 2011, including a 6% rise in gross written premiums from £861.2m to £914m. Biannual IFRS pre-tax profits remained more or less flat, declining marginally from £78.4m to £77.5m, and the combined ratio rose slightly from 95.3% to 96.1%. The rise in […]