Daily Insurance Industry News
 
 
Daily Insurance Industry News
Thursday 26th of April 2018
November 30, 2012

QuestGates announces plethora of hires

by Richard Kilner

Story link: QuestGates announces plethora of hires

Specialist loss adjuster QuestGates has announced a raft of appointments, including that of Dave Clare, who joins the firm from Merlin, as does his colleague David Hession. Gemma Larkin has been hired by the Corporate Claims Solutions team as a liability claims handler, having previously worked for Allianz where she worked in internal audit. The […]



Willis North America to acquire Avalon Actuarial

by Richard Kilner

Story link: Willis North America to acquire Avalon Actuarial

Willis North America has announced that it has entered into a definitive agreement to acquire the assets of Avalon Actuarial Inc. Avalon Actuarial is a leading Canadian employee benefits brokerage and actuarial consulting services firm, based in Montreal. The 45 employees and leadership team of Avalon Actuarial will join Willis North America’s Canadian operations, and […]



Marsh makes international leadership appointments

by Gill Montia

Story link: Marsh makes international leadership appointments

Marsh has combined its Asia and Pacific regions and appointed a dedicated leader for a new Continental Europe, Commonwealth of Independent States (CIS) and Turkey region. Martin South will become chief executive officer of Marsh Asia-Pacific, following his successful track record in previous roles with the group including chief executive officer of Marsh Europe and […]



November 29, 2012

Bupa makes international appointment

by Gill Montia

Story link: Bupa makes international appointment

Bupa has appointed Robert Lang as managing director of its International Private Medical Insurance (IPMI) business. Mr Lang joins from UBS where he was a managing director in the bank’s European Wealth Management division. However, he has more than 10 years’ experience of the insurance sector, having previously held various roles within HSBC including managing […]



Validus gets green lights to acquire Flagstone

by Richard Kilner

Story link: Validus gets green lights to acquire Flagstone

Validus Holdings, Ltd. has announced that at an Extraordinary General Meeting of Shareholders approval was given by the shareholders of Flagstone Reinsurance Holdings, S.A. in all relevant matters to allow Validus to acquire Flagstone. The overwhelming majority (more than 99%) of the shares voted at the meeting supported the proposed acquisition. Validus has also announced […]



Ageas achieves fifth consecutive Gold Standard

by Richard Kilner

Story link: Ageas achieves fifth consecutive Gold Standard

Ageas has won the Incisive Media Gold Standard for Insurance for the fifth consecutive year. In 2008 Ageas became the first firm to reach the Gold Standard and has achieved it every year since. The judging panel recognised that the insurer had a clear understanding of customer needs regarding insurance and were impressed by the […]



Airclaims and McLarens reveal new brand

by Richard Kilner

Story link: Airclaims and McLarens reveal new brand

Almost a year after it merged with Airclaims, global loss adjuster McLarens Young International (MYI) has unveiled its new brand – McLarens. The new brand is unveiled as part of the integration between the two firms and to reflect McLarens’ own heritage. McLarens will provide a wider range of services, and the new brand seeks […]



AXA UK successful in company name challenge

by Gill Montia

Story link: AXA UK successful in company name challenge

The Company Names Tribunal has found in favour of AXA UK and ordered an unconnected company, Axa International Asset Management Limited, to change its name. Axa International Asset Management has been registered since May 2012 and did not file a defence in the matter. The firm has one month to change its name and has […]



ICO fines “compensation” text generators £440k

by Gill Montia

Story link: ICO fines “compensation” text generators £440k

The owners of a company that has been plaguing the public with unsolicited text messages and then selling on respondents’ details to claims management firms has been fined £440,000 by the Information Commissioner’s Office (ICO). An example of their work includes: “You have still not claimed the compensation you are due for the accident you […]



November 28, 2012

Aviva appoints IT transformation director

by Gill Montia

Story link: Aviva appoints IT transformation director

Aviva has announced that Phil Pavitt is to join the company as IT transformation director. Taking up the post on 7th January 2013, he will report to chief operations officer, Cathryn Riley. In his newly-created role, Mr Pavitt will direct an IT change programme that will rationalise and simplify Aviva’s IT by adopting a modern […]



Women likelier to work beyond retirement age

by Richard Kilner

Story link: Women likelier to work beyond retirement age

The annual Working Late Index from retirement specialist LV= has reported that the number of over 50s expecting to work beyond the state retirement age has risen from 4.5m in 2010 to 6.5m. On average, those expecting to work past the retirement age think they will do so for 6.2 years. There is a significant […]



Perkins Slade forms TIA UK partnership

by Richard Kilner

Story link: Perkins Slade forms TIA UK partnership

Perkins Slade has formed a new partnership with The Tennis Industry Association UK (TIA UK) to provide TIA UK Insurance. Following the deal TIA UK members will benefit from objective and expert advice from Perkins Slade regarding insurance and risk management. Perkins Slade will help to provide members with the coverage they need by offering […]



NAPF promotes understanding of securities class actions

by Gill Montia

Story link: NAPF promotes understanding of securities class actions

The National Association of Pension Funds (NAPF) has published a new guide to help pension fund managers and trustees understand securities class actions. This type of legal action aims to recover the financial losses of investors, being based on investor allegations that they were misled into buying securities of a publicly-traded company at prices that […]



November 27, 2012

AXA bolsters customer support for flood victims

by Richard Kilner

Story link: AXA bolsters customer support for flood victims

In response to the recent flooding AXA has announced that it has increased the number of staff on hand to respond to customers. The measure has enabled AXA to maintain a fast response for the claimants who have been affected by the widespread flooding to afflict the United Kingdom. Numerous staff members have been reallocated […]



Standard Life establishes Middle East presence

by Richard Kilner

Story link: Standard Life establishes Middle East presence

Standard Life has announced the opening of its first office in Dubai, UAE, which will be the firm’s first presence on the ground in the Middle East. The firm was given a licence by the Dubai Financial Services Authority (DFSA) to establish a branch inside the Dubai International Financial Centre (DIFC). The move follows that […]



Only a half of Brits comfortable challenging a doctor

by Gill Montia

Story link: Only a half of Brits comfortable challenging a doctor

Almost a third of patients don’t feel comfortable challenging a doctor about advice or treatment recommendations, even if they want to, according to new research from Bupa. A survey of attitudes to health across 14,500 people in 13 nations reveals that people in Egypt and Saudi Arabia feel most confident questioning their doctor with three […]



Aviva launches driver behavioural app

by Gill Montia

Story link: Aviva launches driver behavioural app

Aviva is encouraging safe drivers to save up to 20% on their comprehensive car insurance by using its driver behavioural app, which has launched on the Google Play app store following successful testing. The app uses smartphone technology to record a motorist’s driving style, covering acceleration, braking and cornering. At 200 miles, it gives an […]



November 26, 2012

Towergate acquires Dawson Whyte

by Richard Kilner

Story link: Towergate acquires Dawson Whyte

Towergate Insurance has announced the acquisition of Dawson Whyte, one of Northern Ireland’s largest independent broking businesses. Dawson Whyte was founded in the 1950s as a partnership, and is today headquartered in Belfast with five offices across Northern Ireland. The firm provides commercial and personal lines insurance services to Ireland, Northern Ireland and the rest […]



QuestGates warns of floods’ environmental aftermath

by Richard Kilner

Story link: QuestGates warns of floods’ environmental aftermath

QuestGates’ Alan Dobson, director of Environmental Claims, has warned that the potential implications of environmental damage caused by flooding are often ignored in the early stages of the event. Dobson explained that unless proper assessment and management of the environmental aspects of the flooding occur the ultimate cost faced by insurers and danger faced by […]



OFT wants greater clarity from aggregators

by Gill Montia

Story link: OFT wants greater clarity from aggregators

The Office of Fair Trading (OFT) has written to 100 leading price comparison websites asking them to ensure they are providing clear information to consumers. The move comes after a websweep by the watchdog of 55 price comparison sites, which found that a number of sites could improve their privacy policies and their complaints and […]