Insurance news

• City minister's apprenticeship figures ‘a mistake’ says CII

  23-01-2015 17:04
  
  Mark Sands Postonline
  
  
  The Chartered Insurance Institute has moved to correct City minister Andrea Leadsom’s claims on apprenticeships, claiming the MP is mistaken on numbers.
  
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• Forty-nine law firms enter PI cessation period

  23-01-2015 17:00
  
  Francesca Nyman Postonline
  
  
  Twelve law firms have been forced to close their businesses after failing to obtain professional indemnity cover, the Solicitor’s Regulation Authority has confirmed.
  
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• 49 law firms enter PI cessation period

  23-01-2015 17:00
  
  Francesca Nyman Postonline
  
  
  12 law firms have been forced to close their businesses after failing to obtain professional indemnity cover, the Solicitor’s Regulation Authority has confirmed, while 49 have yet to renew PI cover.
  
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• Stuart Williams and Grant Scott exit Cowens

  23-01-2015 16:40
  
  Duo leave to focus on Evolve, a broker training and insurance advocacy service.
  
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• Former RSA Ireland CEO takes insurer to tribunal

  23-01-2015 16:34 via insuranceage.co.uk
  
  Philip Smith alleges constructive dismissal concerning his resignation in November 2013.
  
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• RSA facing constructive dismissal suit from former Ireland CEO

  23-01-2015 15:46
  
  Mark Sands Postonline
  
  
  RSA is facing a court battle over the departure of former Ireland CEO Philip Smith last year following his decision to sue for constructive dismissal.
  
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• Flood Re names Guy Carpenter as its reinsurance broker

  23-01-2015 14:04
  Scheme to name managing agent in two weeks
  
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• Guy Carpenter named as Flood Re broker

  23-01-2015 13:55
  
  Mark Sands Postonline
  
  
  Flood Re has ended its long search for a retrocession broker by recruiting Guy Carpenter, while an chairman appointment is also imminent.
  
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• ABI recruits Guy Carpenter as Flood Re broker

  23-01-2015 13:55
  Mark Sands Postonline
  
  
  The Association of British Insurers has ended its long search for a retrocession broker for the Flood Re scheme by appointing Guy Carpenter, while an chairman appointment is also imminent.
  
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• RSA vows to fight former Ireland boss’s unfair dismissal claims

  23-01-2015 13:21
  Court hearing scheduled for 9 March
  
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• Marian Evans joins Thomas Carroll Group

  23-01-2015 13:13
  
  Evans to head up the new special risks division after joining from NFU Mutual.
  
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• Video: State of the Broking Nation Webinar

  23-01-2015 12:24
  
  Mairi MacDonald Postonline
  
  
  Service and the shift towards digital technology in the general insurance market were discussed in a lively webinar session hosted by Post and LV this week, which is now available to watch.
  
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• London properties continue to be at highest risk of burglary

  23-01-2015 12:24
  But top theft claim spots in London have changed significantly over the past year - Moneysupermarket
  
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• Dagenham tops list as London properties continue to be at highest risk of burglary

  23-01-2015 12:24
  Top theft claim spots in London have changed significantly over the past year – Moneysupermarket
  
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• Blog: Tackling insurance fraudsters, one piece of shared information at a time

  23-01-2015 12:00
  George Robbins Postonline
  
  
  Insurance fraud is often painted as a victimless crime - but as anyone in the industry can tell you, it most certainly isn't.
  
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• No levy for brokers - a victory for the workers

  23-01-2015 11:58
  
  There has finally been an exciting development regarding FSCS levies. Brokers won't be charged this year!
  
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• Future trends: How tech will impact broking

  23-01-2015 11:34
  
  Jean Lassignardie, Capgemini’s Global Financial Services' chief sales and marketing officer, takes a look at the trends we’re likely to see in 2015.
  
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• Ping An buys MMC building for £327mn

  23-01-2015 11:15
  Chinese insurance giant Ping An has bought the Tower Place complex
  in London from Deutsche Asset & Wealth Management for
  £327mn, in its second purchase in the city's financial
  district in less than two years.
  Tower Place is the UK headquarters for Marsh & McLennan
  Companies. The building was developed by US firm Tishman Speyer and
  was completed in 2003.
  The deal marks Ping An's second property purchase in
  London's insurance district, following its acquisition of the
  icon
  
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• ECB's QE bazooka is bad news for insurers

  23-01-2015 11:15
  European Central Bank (ECB) president Mario Draghi's decision
  to launch EUR1.1trn of asset purchases over the next 18 months is
  "bad news" for insurers' investment portfolios,
  according to asset managers.
  Yesterday (22 January) Draghi unveiled his plans for the bank to
  embark on a EUR1.1trn round of quantitative easing (QE), designed
  to kick-start the anaemic European economy.
  But while quantitative easing is potentially good news for
  Eurozone economies facing the prospect of d
  
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• Americas vice chairman Thaler to leave Aon Benfield

  23-01-2015 10:33
  Rod Thaler is stepping down from his role as vice chairman of the
  Americas at Aon Benfield, The Insurance
  Insider can reveal.
  In an internal communication seen by this publication, Aon
  Benfield Americas CEO Bryon Ehrhart said Thaler had advised that he
  would leave the firm by the end of the first quarter of 2015
  "to pursue other opportunities".
  He added: "On behalf of the management of Aon Benfield, and
  his many colleagues around the world who have worked closely...
  
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• Fraud task force agrees terms of reference in first meeting

  23-01-2015 09:37
  
  Katie Marriner Postonline
  
  
  The government fraud task force has identified data protection as one area to focus on following its first meeting this week.
  
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• Fraud taskforce agrees terms of reference in first meeting

  23-01-2015 09:37
  
  Katie Marriner Postonline
  
  
  The government fraud taskforce has identified data protection as one area to focus on following its first meeting this week.
  
  Read more

• Chinese insurance giant swoops to buy Marsh’s UK head office property

  23-01-2015 09:12
  Tower Place offices snapped up for £327m
  
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• Chinese insurance giant swoops to buy Marsh’s UK head office

  23-01-2015 09:12
  Tower Place offices snapped up for £327m
  
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• UK regulators will resist urge to gold-plate Solvency II

  23-01-2015 08:57
  Prudential Regulation Authority believes UK is in a good position
  
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• Quindell latest: Australian law firm wants outsourcer's personal injury case files

  23-01-2015 08:39
  Slater Gordon confirms offer for personal injury files but stresses talks for larger unit are at an early stage
  
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• RSA's share price rises as turnaround efforts are praised

  23-01-2015 08:22
  Analyst says the rebuilding of RSA is a similar story to Direct Line Group’s
  
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• RSA enjoys share price rise as turnaround efforts are praised

  23-01-2015 08:22
  Analyst says the rebuilding of RSA means it has a similar story to Direct Line Group
  
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• Politicians call for ‘urgent clarity’ on Aviva Perth job cuts risk

  23-01-2015 08:04
  Scottish Government urged to help anyone affected with state assistance programme
  
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• Politicians call for ‘urgent clarity’ on Aviva Perth job cuts

  23-01-2015 08:04
  Scottish Government urged to help anyone affected with state assistance programme
  
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• Ping An buys Marsh's UK head office building

  23-01-2015 07:09
  
  Andrew Tjaardstra Postonline
  
  
  Chinese insurer Ping An has bought office and shopping complex Tower Place in the City of London for £327m.
  
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