Daily Insurance Industry News
 
 
Daily Insurance Industry News
Tuesday 17th of July 2018
September 26, 2011

Marsh appoints UK and Ireland MRC chief

by Richard Kilner

Story link: Marsh appoints UK and Ireland MRC chief

Marsh has announced the appointment of Richard Waterer as the firm’s new head of Marsh Risk Consulting (MRC) in the UK and Ireland. Waterer is to be based in London, and will report directly to both Rob DeJonge and George Davies, head of MRC for Europe, Middle East and Africa and head of Marsh’s UK […]



ABI to make boardroom demands

by Gill Montia

Story link: ABI to make boardroom demands

The Association of British Insurers (ABI) is about to take up the cause of gender equality in the board room and wants firms to have clearer strategies for evaluating directors and recruiting key executives, The Financial Times reports. With ABI members among the leading investors in the FTSE 100, the move would follow calls for […]



LV= embarks on staff retention drive

by Gill Montia

Story link: LV= embarks on staff retention drive

LV= is busy investing in staff engagement and talent retention, having appointed employee survey specialist, ETS, to create and manage a new survey tool. Having won the “Most Effective Recruitment and Retention” category at this year’s HR Excellence Awards, the mutual is looking to strengthen communication with its employees whilst boosting retention. The group’s HR […]



Social media “personal brand” a must

by Gill Montia

Story link: Social media “personal brand” a must

Children as young as 11 are managing their “personal brand” online, research from AXA finds, with active management of the online personal reputation seen as “crucial” by many young people. The findings suggest that 75% of the UK’s 11 to 18-year-olds are using social media sites such as Facebook, Bebo and Twitter, with two thirds […]



September 25, 2011

Smartphones heighten pedestrian hazard

by Gill Montia

Story link: Smartphones heighten pedestrian hazard

Pedestrians are becoming more of a hazard for road users as they talk into mobile devices, email and text while stepping into busy traffic. According to research from LV= car insurance, one in 10 pedestrians are likely to be crossing the road while using a mobile gadget, although one-third of those doing so will agree […]



September 23, 2011

SSP appoints insurer division MD

by Richard Kilner

Story link: SSP appoints insurer division MD

Global provider of insurance technology SSP has announced the appointment of Stephen Lathrope as managing director of its insurer division, directly responsible to Chief Executive Laurence Walker. All performance aspects of the business unit will now be his responsibility, including delivery of projects, product strategy and business development. Lathrope brings extensive experience of the insurance […]



Equity creates broker relationship team

by Richard Kilner

Story link: Equity creates broker relationship team

Equity Red Star, the specialist motor insurer, has announced the formation of a new team dedicated to national broker relationship management. The new team has been tasked with fostering profitable accounts with the insurer’s largest business connections. Ian Smedley spent five years as Equity’s agency manager, and has now been promoted to lead the new […]



Willis North America bolsters Construction team

by Richard Kilner

Story link: Willis North America bolsters Construction team

Willis North America has announced a pair of senior appointments to bolsters its Construction Practice. Paul Becker has led the Construction Practice since 2005 and will now assume the role of chairman of the Construction Practice for Willis North America. In his new post he will be tasked with leadership of a dedicated team, focusing […]



Aon makes crisis management appointments

by Gill Montia

Story link: Aon makes crisis management appointments

Aon Risk Solutions has appointed Christof Bentele as chief broking officer at its London-based crisis management practice. With over 25 years of experience in various roles within the risk and insurance industry, Mr Bentele moves from global product leader, recall and contamination solutions. In his new role, he is responsible for the practice’s global broking […]



Friends launches workplace savings index

by Gill Montia

Story link: Friends launches workplace savings index

Friends Life is launching a new workplace savings index next week, which should provide a comprehensive picture of the health of the market, based on figures from schemes run by the group. Using data from over one million Friends’ pension accounts, insights will be presented in four areas of long-term saving: risk, returns, asset diversification […]



September 22, 2011

Miller hires Scandinavian binding authority expert

by Richard Kilner

Story link: Miller hires Scandinavian binding authority expert

Miller has announced its latest move in the expansion of its international platform with the appointment of Piers Smith. Smith brings his specialist knowledge of placing all lines of binding authority business in Scandinavia to Miller. In his new role with the firm he will collaborate closely with the international binding authority team, established earlier […]



Legal & General CEO to step down in 2012

by Richard Kilner

Story link: Legal & General CEO to step down in 2012

Legal & General Group Plc has announced that Group Chief Executive Tim Breedon has indicated his intention to leave the company at the end of 2012. Breedon was formerly deputy group chief executive and Investments group director, and took up his present position at the start of 2006. He has stated that it has been […]



London Market results point to consolidation

by Gill Montia

Story link: London Market results point to consolidation

In a new report, KPMG is predicting a spate of consolidation in the London insurance market, following record losses in the catastrophe market for 2011 so far. Yesterday, Lloyd’s reported a £679 million first-half loss while saying it remained “well positioned” to handle the difficulties facing the industry. Whilst broadly in agreement, KPMG’s General Insurance […]



September 21, 2011

Zurich appoints chief marketing officer

by Richard Kilner

Story link: Zurich appoints chief marketing officer

Zurich Financial Services Group has announced the appointment of Isabelle M. Conner to the position of group chief marketing officer. Conner, whose appointment is effective from 1 October, succeeds Arun Sinha, who left Zurich at the end of July. Conner joins the firm from ING, where she had spent the last seven years as global […]



Students advised to cover themselves

by Richard Kilner

Story link: Students advised to cover themselves

As the new university term draws nearer the Association of British Insurers (ABI) has reminded students of the importance of taking out appropriate insurance. Students often take goods worth several thousand pounds to university, meaning that any loss through burglary or accident can be a painful financial hit. The ABI advises students to have proper […]



Lloyd’s “well positioned” despite £697m loss

by Gill Montia

Story link: Lloyd’s “well positioned” despite £697m loss

Lloyd’s says it remains well positioned to handle the difficulties facing the insurance industry, despite posting a loss of £697 million for the six months to the end of June. Squaring up to what could be the second most expensive year on record for insurers, Lloyd’s chief executive, Richard Ward, says the first-half 2011 loss […]



September 20, 2011

Homer named as new BIBA chairman

by Richard Kilner

Story link: Homer named as new BIBA chairman

The British Insurance Brokers’ Association (BIBA) has announced that Andy Homer will become the trade association’s chairman in January 2012. Homer was most recently the group chief executive officer of Towergate Insurance and will take up a non-executive position on the insurer’s board. He brings four decades of experience in the sector to his new […]



AXA urges homeowners to protect their gadgets

by Richard Kilner

Story link: AXA urges homeowners to protect their gadgets

The days of burglars carting off their loot in vans may be gone, as AXA reveals there is £135.5bn in jewellery and small gadgets in British homes. The small but expensive items means that burglars can make off with a fortune, and need only a rucksack to carry their ill-gotten gains. According to research from […]



Nationwide extends travel insurance age limit

by Gill Montia

Story link: Nationwide extends travel insurance age limit

Nationwide is claiming a UK first as it adds free travel insurance for those aged up to 75 to its free current account. Previously, the upper age limit was 65 for new customers but from 21st September, the Society is extending the upper age limit on its FlexAccount travel package, where the account is used […]



Transatlantic Re rebuffs National Indemnity offer

by Gill Montia

Story link: Transatlantic Re rebuffs National Indemnity offer

Transatlantic Re has confirmed that it has received an approach from National Indemnity Company, part of the Berkshire Hathaway group, reinstating National Indemnity’s earlier proposal to acquire Transatlantic for $52 per share, in cash. The move follows the mutually agreed termination of a merger agreement between Transatlantic and Allied World. However, Transatlantic estimates its book […]