Daily Insurance Industry News
 
 
Daily Insurance Industry News
Thursday 21st of June 2018
August 31, 2012

LV=’s Britannia Rescue named top provider

by Gill Montia

Story link: LV=’s Britannia Rescue named top provider

LV=’s Britannia Rescue arm has been named the top recommended provider for breakdown cover by Which? The consumer group rated providers on a number of factors including waiting times, quality of roadside repairs and customer satisfaction. In all, 5,772 people who had called out a breakdown provider in the last year were surveyed and two […]



ACE announces raft of appointments

by Richard Kilner

Story link: ACE announces raft of appointments

ACE Group has announced that it has bolstered its claims team in the Europe, Middle East and Africa (EMEA) region as part of its ongoing effort to enhance the claims service for customers. Steve Parry has been promoted to head of UK and Ireland Claims, a role to which he brings more than a quarter […]



August 30, 2012

Willis opens new Harbin office

by Richard Kilner

Story link: Willis opens new Harbin office

Willis China has announced that it has been given the green light by the Chinese Insurance Regulatory Commission (CIRC) to open a new office in Harbin. The new office will be the 22nd of Willis’ in the superpower, and will be the first foreign broker office in Harbin. It is to be the second Chinese […]



Lockton to enter UK employee benefits market

by Gill Montia

Story link: Lockton to enter UK employee benefits market

Lockton is to enter the UK employee benefits market with a view to building a full-service capability by the beginning of next year. The new enterprise will be headed by Mike Tyler who will join the broker on 1st October having previously held the post of managing director the UK division of global benefits business, […]



August 29, 2012

Swiss Re opens Netherlands office

by Richard Kilner

Story link: Swiss Re opens Netherlands office

Swiss Re Corporate Solutions has announced that it has bolstered its presence in Benelux with the opening of a new office in Amstelveen, in the Netherlands. The new office will cater to large and upper-middle market corporations domiciled in the region, providing them with insurance solutions including property, casualty and industry-specific products. Resilient economic activity […]



ACE announces new Aberdeen office

by Richard Kilner

Story link: ACE announces new Aberdeen office

ACE Group has announced that it plans to open a new office in Aberdeen later in the year, as part of its strategy to enhance services for UK regional brokers and clients. When it opens the Aberdeen branch will be the firm’s 12th in the United Kingdom and Ireland region, and the new office will […]



Motorists beware 1st September

by Gill Montia

Story link: Motorists beware 1st September

AXA is warning that the 1st September has been the worst day of the summer season for motor accidents for three years in a row. Last year saw the biggest spike, with a massive 40% more claims being made than on the average day in the rest of the summer holiday period. This year, 1st […]



Marsh Sweden appoints CEO

by Gill Montia

Story link: Marsh Sweden appoints CEO

Marsh has announced the appointment of Kenneth Miger as chief executive officer of Marsh AB in Sweden. Mr Miger is joining from Securitas AB, the global security services group headquartered in Sweden, where he is currently group risk and insurance director. Prior to this he held senior risk management positions at both Electrolux and Scania. […]



August 28, 2012

Legal Ombudsman to handle claims management complaints

by Gill Montia

Story link: Legal Ombudsman to handle claims management complaints

The Government has announced that from 2013 the Legal Ombudsman will handle complaints about claims management companies and will have the legal power to ensure consumers can get compensation, where appropriate. According to the Ministry of Justice (MoJ), the change will also enable the Claims Management Regulation Unit to refocus its resources on improving standards […]



August 24, 2012

ABI urges pensions transparency

by Richard Kilner

Story link: ABI urges pensions transparency

The Association of British Insurers (ABI) has sent a letter to regulators in which it sets out its plan to make pension charges and costs clearer. The measures are intended to enhance pensions transparency and boost confidence amongst the public prior to the introduction of auto-enrolment in the autumn. The letter to the Pensions Regulator […]



Insurance fraud attempts drop 16%

by Richard Kilner

Story link: Insurance fraud attempts drop 16%

Attempts to commit insurance fraud have declined by 16% between April and June 2012, accoridng to information and data company Experian. Research conducted by the firm found that during the three month period 10 out of every 10,000 insurance policy applications were found to be fraudulent, down from 12 last year. The vast majority (86%) […]



August 23, 2012

Ecclesiastical reports falling profits

by Richard Kilner

Story link: Ecclesiastical reports falling profits

Specialist insurer Ecclesiastical has reported its interim financial results for the first six months of 2012, including a rise in gross written premiums from £235.2m to £240.7m. However, biannual pre-tax profits were more than halved from £16.8m to just £8m in the first half of 2012. The firm’s underwriting loss more than doubled from £6m […]



August 22, 2012

One millionth uninsured car is seized

by Richard Kilner

Story link: One millionth uninsured car is seized

The one millionth uninsured car on Britain’s roads has been seized by West Midlands police, Bluefin has reported. The West Midlands force has been utilising automatic number plate recognition (ANPR) technology to help it crack down on the uninsured, and has reported an average seizure rate of one vehicle per hour. Since 2005, when the […]



August 21, 2012

Canopius completes Omega acquisition

by Richard Kilner

Story link: Canopius completes Omega acquisition

Specialist (re)insurance underwriting business Canopius Group Limited has announced that it has completed the acquisition of Omega Insurance Holdings Limited. By acquiring Omega Canopius had significantly expanded its global presence, as well as increasing annualised premium income beyond the £1bn milestone. Omega, a UK-listed, Bermuda-domiciled insurance and reinsurance group, operates from Lloyd’s, via Syndicate 958, […]



August 20, 2012

Amlin returns to the black in H1

by Richard Kilner

Story link: Amlin returns to the black in H1

Amlin has reported its interim financial results for the six months ended 30 June 2012. Biannual pre-tax profits for this period came to £184.5m, almost the mirror image of the £192.3m loss that the firm incurred during the corresponding period last year. However, the first half of 2011 was particularly notable for the very high […]



August 17, 2012

Catlin appoints London Casualty head

by Richard Kilner

Story link: Catlin appoints London Casualty head

International specialty property/casualty insurer and reinsurer Catlin Group Limited has announced the appointment of Daniel Curran as the head of Casualty for the underwriting operations based in London. Curran, as head of the Casualty Business Group, will acquire responsibility over a wide range of business classes underwritten by Catlin Syndicate at Lloyd’s and Catlin UK. […]



Friends appoints heritage CEO

by Gill Montia

Story link: Friends appoints heritage CEO

Friends Life has appointed Jonathan Moss as chief executive officer of its heritage division, reporting directly to group chief executive officer, Andy Briggs. Mr Moss, who will be joining Friends in early September, has a strong track record in financial services, most recently as chief executive officer of the Phoenix Group where he led a […]



August 16, 2012

RSA appoints investor relations director

by Gill Montia

Story link: RSA appoints investor relations director

RSA has appointed Matt Hotson as investor relations director. Mr Hotson will join the group in early September from Cable & Wireless Worldwide, where he is responsible for corporate finance and investor relations. He was previously director of investor relations and strategy at Legal & General. Welcoming the appointment, RSA group chief financial officer, Richard […]



AXA reports rise in business crime

by Richard Kilner

Story link: AXA reports rise in business crime

AXA’s latest Business Crime Index has reported that the riots of last August contributed to a 3% rise in crime against businesses. However, there has been a general rise for the last few years in anti-business crime, with the previous year also seeing a 3% increase. As might be expected, there is a varying degree […]



Zurich appoints General Insurance CEO

by Richard Kilner

Story link: Zurich appoints General Insurance CEO

Zurich Insurance Group has announced the appointment of Michael Kerner as the new chief executive officer of General Insurance (GI). In addition to this appointment, which is effective from 1 September and subject to regulatory approval, he will assume a seat upon the Group Executive Committee (GEC). Kerner is currently the chief executive officer of […]