Daily Insurance Industry News
 
 
Daily Insurance Industry News
Sunday 21st of October 2018
March 31, 2010

Marsh names Latin America and Caribbean CEO

by Richard Kilner

Story link: Marsh names Latin America and Caribbean CEO

Insurance broker and risk adviser Marsh has announced the appointment of Ricardo Brockmann as chief executive officer of the firm’s Latin America and Caribbean region. Brockmann, who assumes his new post with immediate effect, has been with the firm for three decades and is presently chief executive officer of Marsh Mexico, a role he is […]



Green Insurance launches pet cover

by Gill Montia

Story link: Green Insurance launches pet cover

The Green Insurance Company is expanding its personal lines portfolio with the introduction of pet insurance products that provide varying levels of cover for dog and cat owners. The new range will enhance the intermediary’s existing offering, which includes car insurance, motorbike insurance and breakdown cover – all of which come with carbon offsetting initiatives. […]



Hamptons and Letsure launch landlord policy

by Gill Montia

Story link: Hamptons and Letsure launch landlord policy

Hamptons International has teamed up with lettings insurance specialist, Letsure, to provide a new policy for landlords. The Rent & Legal Protection cover has been exclusively designed for Hamptons’ clients and offers protection against the unexpected circumstances that put landlords at risk, such as tenants failing to pay their rent or breaching the terms of […]



ReadSoft helps insurers speed up claims

by Richard Kilner

Story link: ReadSoft helps insurers speed up claims

Global provider of software solutions for Document Automation ReadSoft is supporting the British insurance industry in its efforts to enhance efficiency. The firm’s CLASSIFY AND INDEX solution insurance can be utilised to speed up claims processes, slashing the total time spent on a claim by 35%. CLASSIFY AND INDEX replaces manual input of relevant documents […]



March 30, 2010

Quinn Insurance Limited placed in administration

by Gill Montia

Story link: Quinn Insurance Limited placed in administration

The Financial Regulator in Ireland has announced that Quinn Insurance Limited has been placed into provisional administration. Following an application to the High Court in Dublin, joint provisional administrators have been appointed to the firm, which has offices in Cavan and Enniskillen. Quinn’s UK operations, Quinn Insurance Limited (UK) or Quinn Direct, specialises in motor […]



Irish insurance intermediaries urged to use the net

by Richard Kilner

Story link: Irish insurance intermediaries urged to use the net

Wexford-based data management specialists Aspect Business Intelligence has urged the insurance intermediaries of Ireland to seize the opportunities afforded by online insurance broking. Aspect, which has launched its new website, has worked in collaboration with UK-based specialist insurance web developers OMNIX Software Solutions. By working with expert web developers, the firm has been able to […]



AA to provide health insurance

by Richard Kilner

Story link: AA to provide health insurance

The AA, best known for assisting motorists whose vehicles have broken down, has entered the healthcare domain, collaborating with AXA PPP healthcare to offer both members and non-members three levels of private medical insurance. The firm will also offer a helpline that operates 24 hours a day. Director Simon Douglas has described the move as […]



Exeter Friendly names new Intermediary Sales chief

by Richard Kilner

Story link: Exeter Friendly names new Intermediary Sales chief

Exeter friendly, the specialist Private Medical and income protection insurance provider, has announced that Mike O’Brien is to be its new head of Intermediary Sales. The firm, which trades as both Exeter Friendly and Pioneer, is in the process of building upon its reputation as a creative and cutting edge provider of products and services, […]



Zurich names new CIO

by Richard Kilner

Story link: Zurich names new CIO

Zurich Financial Services Group has announced the appointment of Cecilia Reyes as chief investment officer, effective from 1 April, with a seat on the Group Executive Committee. For the last four years she has worked for Zurich leading the firm’s Investment Strategy Implementation, having joined the firm in 2001 as regional manager for Group Investments […]



CBI reports strong growth for life insurers

by Gill Montia

Story link: CBI reports strong growth for life insurers

The latest CBI/PwC Financial Services Survey has reported that activity in the UK financial service sector has been broadly stable over the past three months, and somewhat better than expected. According to the study, which is published by the Confederation of British Industry, life insurance companies have seen business volumes rise at the joint fastest […]



Pets are nearly as overweight as their owners

by David Masters

Story link: Pets are nearly as overweight as their owners

Three in ten pets owned by British households are overweight, putting their health at risk, new research has found. The study by Sainsbury’s Finance found that one in ten (9%) pets are severely overweight, while 30% are heavier than recommended. Another poll of vets found that four in ten animals taken to the vets are […]



Microinsurance receives $30m boost in India

by David Masters

Story link: Microinsurance receives $30m boost in India

India’s microinsurance sector is set to receive a $30 million injection. Edinburgh-based LeapFrog this week announced plans to invest the money in Indian insurance and financial services firms to boost growth in the country’s microinsurance market. The money comes from a total fund of over $110 million that LeapFrog has raised to invest in microinsurance […]



PPI claims prompt £61m FSCS 2010/11 levy

by Gill Montia

Story link: PPI claims prompt £61m FSCS 2010/11 levy

The Financial Services Compensation Scheme (FSCS) has decided against applying an interim levy on insurance intermediaries in 2009/10, for the costs of payment protection insurance (PPI) claims. However, the body says these costs will be levied in 2010/11, adding that PPI claims are becoming a growing area of its work and will be one of […]



March 29, 2010

The Green Insurance Company enjoys Spring Cleaning

by Richard Kilner

Story link: The Green Insurance Company enjoys Spring Cleaning

The Green Insurance Company and Uddingston Pride collaborated together last week to help promote the 2010 National Spring Clean in Lanarkshire, which lasts throughout April. More than a dozen of the insurance intermediary’s staff, along with company mascot Grimple, played their part in tackling dropped litter in the Powburn and Old Edinburgh areas of Uddingston. […]



Young British drivers score against European peers

by Gill Montia

Story link: Young British drivers score against European peers

AXA is claiming that young British drivers are a better risk on the road than some of their European counterparts. Research from the company shows that UK motorists under the age of 25 are more than 30% less likely to claim than those of a similar age in Spain or France. When it comes to […]



ILFC name new interim CEO

by Richard Kilner

Story link: ILFC name new interim CEO

American International Group, Inc. (AIG) and International Lease Finance Corporation (ILFC) have announced the retirement of John Plueger. AIG’s president and chief executive officer, Robert H. Benmosche, has thanked Plueger for his tireless contribution to ILFC. ILFC’s non-executive chairman, Douglas M. Steenland, echoed Benmosche’s sentiments and praised Plueger’s efforts at the firm. Alan Lund, vice […]



Data integration central in improving customer service

by Gill Montia

Story link: Data integration central in improving customer service

A survey commissioned by Sterling Commerce has identified the top two priorities for the global insurance sector during the economic recovery as improved customer service and improved operational efficiency. The study also highlights the challenges in data integration that blight progress in both these areas. According to the business applications specialist, the insurance industry suffers […]



Cornish Mutual launches walkers campaign

by Richard Kilner

Story link: Cornish Mutual launches walkers campaign

Rural insurance firm Cornish Mutual is launching a new campaign to raise awareness amongst walkers in the South West to encourage them to keep clear of cattle and to keep their dogs away from sheep. The regional insurer is also reminding landowners of their responsibility in preventing walkers being injured by cows. The campaign comes […]



New act eases the path for third party claimants

by Gill Montia

Story link: New act eases the path for third party claimants

The Law Commission has reported that the Third Parties (Rights against Insurers) Act 2010 has received the Royal Assent. The act reforms the Third Parties (Rights against Insurers) Act 1930 under which, if an insured became insolvent, a third party could not proceed against them but had to join the group of general creditors in […]



March 28, 2010

Aviva warning on commercial property valuations

by Gill Montia

Story link: Aviva warning on commercial property valuations

Aviva is recommending that commercial property owners review the value of their buildings and make sure they are adequately insured. According to the group, underinsurance is a real risk for property owners, with research indicating that 77% of professionally valued buildings are actually underinsured. Typical oversights in completing insurance valuations include the costs of removing […]