Daily Insurance Industry News
 
 
Daily Insurance Industry News
Thursday 23rd of March 2017
March 11, 2013

AIG launches its Apprenticeship Programme

by Brian Turner

Story link: AIG launches its Apprenticeship Programme

AIG Europe Limited is joining forces with the National Apprenticeship Service to announce its new Apprenticeship programme. AIG will be creating job opportunities for up to 25 apprentices in 2013 based in the company’s Claims centres in Croydon and Chesterfield. Nicolas Aubert UK Managing Director for AIG said, “There is a very real need within […]



Open GI appoints Insurer Relations Manager

by Brian Turner

Story link: Open GI appoints Insurer Relations Manager

Open GI, has enhanced its Insurer Relations team with the promotion of Tavis Childs to Insurer Relations Manager. In his new role, Tavis will be responsible for maintaining relationships with insurer customers, working closely to secure products and making them available on the Open GI system for use by brokers. With over a decade of […]



March 7, 2013

BGL announces management changes

by Brian Turner

Story link: BGL announces management changes

The BGL Group today announced two new appointments and a departure within its senior team. Martin Overton has stepped down as Group Director Legal Services and leaves BGL in March. Martin joined the Group in 2006 as Director, Commercial and Corporate Services, and was promoted to Managing Director of ACM, BGL’s claims management arm, in […]



March 5, 2013

Accident Claims Specialists directors jailed for fraud

by Brian Turner

Story link: Accident Claims Specialists directors jailed for fraud

Two fraudsters who made thousands of pounds from fraudulent insurance claims have been jailed. Shakir Javid was sentenced to three years in prison at Newcastle Crown Court on Friday (1 March 2013) for masterminding the scams. His accomplice, Amjed Malik Iqbal, will serve two years and four months behind bars. An investigation was launched after […]



Vamco aims to ringfence repair monies

by Brian Turner

Story link: Vamco aims to ringfence repair monies

Outsourced motor insurance claims specialist Vamco has pledged to keep every pound destined for its body-shop partners safe behind a legal ring-fence. The Surrey-based organisation, which has never sought or taken ‘referral fees’ from its networks of repairers, guarantees that monies it receives from insurers for accident damage will go to the hard-pressed body-shops and […]



March 4, 2013

Thomas Carroll Group announces new appointments

by Brian Turner

Story link: Thomas Carroll Group announces new appointments

Thomas Carroll Group, the Welsh insurance, risk management to financial services group, has announced two senior executive appointments to its commercial insurance division. Sian England has joined Thomas Carroll Brokers as Account Executive based at the company’s Caerphilly headquarters. Augmenting Thomas Carroll’s Swansea headquarters is Jo Watson, who has been appointed New Business Executive for […]



AXA Commercial Lines wins accolades from Celent

by Brian Turner

Story link: AXA Commercial Lines wins accolades from Celent

Celent, an international financial research and consulting firm, has named AXA as a Model Insurer 2013, one of 18 insurers from across the globe to receive the prestigious award. Celent bestows awards to those organisations that can best demonstrate the use year’s best technology initiatives through the use of innovation, best practices and measurable business […]



Towergate signs Loss Recovery Insurance agreement with Lorega

by Brian Turner

Story link: Towergate signs Loss Recovery Insurance agreement with Lorega

Towergate has entered into a five-year agreement with Lorega, to exclusively provide its range of Loss Recovery Insurance products to the broker’s clients. Lorega has successfully worked in partnership with Towergate since 2006, to provide specialist policyholder claims services, branded as Towergate Assist. Under the terms of the new agreement Towergate will continue to own […]



March 1, 2013

Higos Insurance Services launches second TV advertising campaign

by Brian Turner

Story link: Higos Insurance Services launches second TV advertising campaign

Higos Insurance Services is launching a second television advertising campaign, building on the success of its first campaign in May 2012. The insurance broker’s second campaign launches on ITV1 in the West region at 19:58 today, Friday 1st March, at the end of the first episode of Coronation Street. The region covers 14 of Higos’ […]



January 4, 2013

Open GI bolsters Product Development team

by Richard Kilner

Story link: Open GI bolsters Product Development team

Leading systems provider Open GI has announced that it has bolstered its Product Development operations with the appointment of Kerri Finnegan as head of Product Development. She brings almost two decades of experience with the firm to her new position, including a broad range of knowledge and expertise. In her new position Finnegan will manage […]



Crawford appoints US Property & Casualty CEO

by Richard Kilner

Story link: Crawford appoints US Property & Casualty CEO

Crawford & Company has announced the appointment of David J. Repinski as chief executive officer of the firm’s US Property and Casualty business. In his new position with the firm Repinski assumes responsibility for the Property and Casualty business unit’s operations, including expanding the firm’s operations, diversifying its services and spearheading innovations and initiatives. In […]



Amlin Corporate Insurance becomes Amlin Europe

by Richard Kilner

Story link: Amlin Corporate Insurance becomes Amlin Europe

Amlin Corporate Insurance has announced that it is now to operate under the name Amlin Europe. The firm’s legal entity/risk carrier will remain the same. The renaming is a first step in Amlin’s growth strategy for Europe, with the firm intending to further develop its brand across continental Europe. Later this year Amlin France will […]



January 3, 2013

XL Group strengthens North America Property team

by Richard Kilner

Story link: XL Group strengthens North America Property team

XL Group plc has announced that it has strengthened its North America Property business with the appointment of Joseph Moylan as its Northeast regional manager. Moylan is to be based in New York, and will report directly to Michele Sansone, Eastern Zone Executive in XL’s North America Property. Sansone explained that quality insurance coverage, risk […]



PartnerRe acquires Presidio Reinsurance Group

by Richard Kilner

Story link: PartnerRe acquires Presidio Reinsurance Group

PartnerRe Ltd. has announced that it has completed the acquisition of California-based Presidio Reinsurance Group. The Presidio Reinsurance Group is a leading US specialty accident and health reinsurance and insurance writer. All the necessary regulatory approvals for the acquisition have been granted. The Presidio Reinsurance Group was founded in 1994 and presently writes approximately $250m […]



January 2, 2013

AmWINS acquires Gresham & Associates

by Richard Kilner

Story link: AmWINS acquires Gresham & Associates

AmWINS Group, Inc. has announced that it has completed the acquisition of Gresham & Associates, Inc. Gresham & Associates was founded by Jim Gresham in 1979, and has grown to become one of the largest managing general agents (MGA) and wholesale brokerages in the United States. Last year Gresham & Associates placed $340m in premium, […]



Miller makes senior reinsurance hire

by Richard Kilner

Story link: Miller makes senior reinsurance hire

Miller has announced that it has bolstered its London-based reinsurance team with the appointment of Charlotte Condon. Condon, an experienced producer and broker of facultative reinsurance, is the latest in a number of appointments the firm has made to its reinsurance team recently, with more such appointments are planned for the near future. Condon brings […]



December 31, 2012

Willis Re comments on reinsurance rates

by Gill Montia

Story link: Willis Re comments on reinsurance rates

With 2012 natural catastrophe losses estimated at $120 billion (50% less than in 2011), Willis Re reports that most reinsurers remain within their annual catastrophe budgets. In general, international rates for property catastrophe business are risk adjusted flat to -5%, with US rates adjusted flat to -5% on loss free accounts, and +10% on loss […]



MoJ crackdown on claims management firms

by Gill Montia

Story link: MoJ crackdown on claims management firms

A crackdown by the Claims Management Regulation Unit has seen 352 companies shut down, suspended or warned for bad practice in the past six months. According to the Ministry of Justice, the unit is taking a tough stance on firms that short-change customers, whether through bad service, misleading marketing or hidden charges. Between April and […]



December 29, 2012

Civil unrest drives demand for political violence cover

by Gill Montia

Story link: Civil unrest drives demand for political violence cover

Demand for political risk insurance has been rising, according to Lloyd’s, as civil unrest and political violence continue to threaten businesses around the world. Unrest is being fuelled by a number of factors, including discontent over corruption and a lack of economic opportunities, as well as rising fuel and food prices, and a scarcity of […]



December 28, 2012

Eagle Star risks transferred to RiverStone

by Gill Montia

Story link: Eagle Star risks transferred to RiverStone

Zurich and RiverStone have signed an agreement that transfers the benefits and risks of Eagle Star’s remaining general insurance portfolio as at July 1st, 2012. As a result, $273 million in undiscounted gross liabilities will transfer to RiverStone, predominantly US asbestos, pollution and health risks written from the mid-1940s to the mid-1980s. The transaction will […]