Daily Insurance Industry News
 
 
Daily Insurance Industry News
Sunday 21st of October 2018
November 30, 2009

SMEs exposed to legal action over office antics

by Richard Kilner

Story link: SMEs exposed to legal action over office antics

Specialist business insurer Hiscox has commissioned research which shows that SMEs may be putting themselves at risk by lack of awareness of sexism, swearing and shouting in the workplace. The research also revealed that according to 70% of British workers bad behaviour such as bullying or racist jokes are commonplace at work. Bosses and workers […]



APC launches new commercial combined offering

by Gill Montia

Story link: APC launches new commercial combined offering

APC is launching a commercial combined policy which it claims will be one of the broadest in the market. From 7th December, the underwriting specialist will be able to cater for over 250 different trades across a range of sectors, including wholesalers, distributors, manufacturers, processors, engineering risks and leisure risks. According to the firm, any […]



LIU Europe appoints London Casualty manager

by Richard Kilner

Story link: LIU Europe appoints London Casualty manager

Chris Batchelor has been named by Liberty International Underwriters Europe (LIU Europe) as the firm’s new London Casualty manager. He brings tremendous experience to the position, having worked in the sector for over two decades, most recently as Head of Liability for a major insurer in London. Batchelor joined the firm on 9 November, and […]



Cooper Gay Risk Services opens Atlanta office

by Gill Montia

Story link: Cooper Gay Risk Services opens Atlanta office

Global insurance and reinsurance broker, Cooper Gay, has opened a new office of Cooper Gay Risk Services, in Atlanta, Georgia, taking the subsidiary’s branch network to eight. Barry Whitton, formerly head of National Property practice at Beecher Carlson, is heading up the new branch, which will extend the group’s wholesale presence in the US. Mr […]



UK home to Europe’s most conscientious drivers

by Gill Montia

Story link: UK home to Europe’s most conscientious drivers

British motorist are receiving praise for their safety conscious and law abiding approach to driving. In its annual survey of driver behaviour across ten European countries, AXA has named UK as home to the most conscientious motorists. The research takes into account eleven different driving behaviours, some of which are demanded under the law and […]



November 27, 2009

Insurance bills prioritised by 49%

by Richard Kilner

Story link: Insurance bills prioritised by 49%

Credit reference agency Callcredit has commissioned research which reveals that almost half of Britons consider insurance bills to be one of the top four to be paid on time. Unsurprisingly utility bills (83%) came top, followed by council tax (77%) and rent/mortgage (74%). Forty-nine percent pay insurance bills with urgency, far ahead of mobile phone […]



Aviva renews leadership for Life and General business

by Gill Montia

Story link: Aviva renews leadership for Life and General business

Aviva has overhauled its UK leadership team and is appointing Toby Strauss chief executive officer of UK Life. Mr Strauss will be moving from his current role of chief operating officer, UK Life. David McMillan becomes chief executive officer, UK General, moving from chief operating officer, UK General lnsurance. Cathryn Riley is to be the […]



November 26, 2009

Fortis achieves Gold Standard

by Richard Kilner

Story link: Fortis achieves Gold Standard

Fortis has been awarded the Incisive Media Gold Standard Award for Insurance for the second year running. Last year the firm became the first insurer to achieve the standard, and was presented with this year’s award by Lord Hunt of Wirral in the House of Commons. Earlier this year Fortis was the highest ranked financial […]



Young Marmalade encourages safer driving

by Richard Kilner

Story link: Young Marmalade encourages safer driving

Specialist insurer for young motorists Young Marmalade is aiming to reduce the number of young male drivers on the roads after 11pm. Nick Moger, co-founder, has stated that 90% of accidents involve young men between 11pm and 5am and expressed his view that the best way to combat this is to provide incentives not to […]



EU to review Package Travel Directive

by Gill Montia

Story link: EU to review Package Travel Directive

The Consumer Commission of the European Union is launching a review of the financial protection available to travellers who book flights direct with an airline. Currently, only those who have booked through a travel agent or taken out independent financial failure insurance are covered for the cost of a new flight if their carrier goes […]



November 25, 2009

Insureandgo offer Hamster coverage

by Richard Kilner

Story link: Insureandgo offer Hamster coverage

Top Gear host Richard ‘The Hamster’ Hammond’s strugglings to get insurance for his skiing holiday have come to an end, as Insureandgo agree to offer him cover during his holiday. Hammond, who has suffered multiple injuries (most notably an enormous and almost fatal crash in a jet-powered dragster), told Absolute Radio that when insurers ask […]



UK business more pessimistic about the future

by Richard Kilner

Story link: UK business more pessimistic about the future

Trade credit insurer Atradius has commissioned research asking 3500 businesses across the globe how the economic crisis has affected them, and their views of the future. Atradius discovered that, in line with expectations, British businesses were more downbeat than their opposite numbers elsewhere in the world. Those surveyed thought that there would continue to be […]



Shoddy reporting leaves insurers undervalued

by Gill Montia

Story link: Shoddy reporting leaves insurers undervalued

A new report from PricewaterhouseCoopers (PWC) claims: “Insurance analysts across the world believe that a lack of quality and consistency in current insurance reporting is increasingly leading to the under-valuation of a number of the world’s leading insurance companies”. The study, entitled “Making sense of the numbers” has been compiled from interviews with over 40 […]



Amlin to acquire Crowe Livestock Underwriting

by Gill Montia

Story link: Amlin to acquire Crowe Livestock Underwriting

Amlin has announced that it is acquiring Crowe Livestock Underwriting Limited. The transaction will be completed by a wholly-owned subsidiary of the group, and remains subject to the approval of the Financial Services Authority. Crowe is an internationally recognised provider of specialist insurance to the livestock industry. The firm, which is based in Norfolk and […]



Merlin enhances online claims system with Mi Limited

by Richard Kilner

Story link: Merlin enhances online claims system with Mi Limited

Global insurance technology provider Mi Limited is to enhance Merlin’s claims handling with a new online claims solution. Mi Trader technology has been used to construct Merlin’s new On Cover system, which will permit the firm to handle claims against commercial contracts online, leading to a reduction in indemnity costs and time spent on the […]



November 24, 2009

Public for tougher action against uninsured drivers

by Richard Kilner

Story link: Public for tougher action against uninsured drivers

The Association of British Insurers (ABI) has commissioned research by YouGov which shows that the public consider using a mobile phone whilst driving to be the greatest menace on UK roads. In addition, there is strong public support for insurers taking strong measures to try and expose motorists who conceal offences such as using a […]



Glacier announce two senior appointments

by Richard Kilner

Story link: Glacier announce two senior appointments

European insurer and reinsurer Glacier Group has announced it is making a brace of senior appointments, and that it has completed its strategic review. Andreas Zdrenyk has been named as chief risk officer of Glacier Group, and Morten Pahle becomes UK branch manager of Glacier Insurance. Zdrenyk assumes responsibility for the group’s risk management functions, […]



XL Capital appoint chief platform officer

by Richard Kilner

Story link: XL Capital appoint chief platform officer

W. Myron Hendry has been named by XL Capital Ltd (NYSE: XL) as the firm’s new chief platform officer. Hendry will join the firm at the start of December, when he will assume responsibility for XL’s operational IT support throughout its business. He will have a place on the Leadership Team, and report directly to […]



Swiftcover launches jargon-buster for policy-shy motorist

by Gill Montia

Story link: Swiftcover launches jargon-buster for policy-shy motorist

Swiftcover.com is claiming that almost one in five UK drivers think car insurance policies are designed to be confusing. In a recent survey, the firm found that 42% of motorist struggle to understand the terms used by their insurer, leaving them unaware of precise terms. Surprisingly, 23% of respondents could not define “voluntary excess” despite […]



Ex Aviva manager imprisoned for £1.4m fraud

by Gill Montia

Story link: Ex Aviva manager imprisoned for £1.4m fraud

A former manager at Aviva has been jailed in connection with a £1.4 million fraud. John Taylor’s career with Norwich Union lasted more than a decade and he stole from the insurer over a number of years, eventually needing the assistance of accomplice and ex-policeman, Stephen Spellacy, to launder the cash. Leeds Crown Court heard […]