Insurance news

• Post Office delivers rebrand for all financial products

  26-01-2015 19:55
  
  Post Office Money seeks to recreate itself as one of the UK’s biggest financial services providers by the end of the decadeThe Post Office has launched a new brand as it bids to become one of the UK’s biggest financial services providers by the end of the decade.It hopes the move will allow customers to easily identify its range of mortgage, current account, savings, travel insurance and foreign currency products and services under the Post Office Money brand. Continue reading...
  
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• DAS claims boss exits in restructure

  26-01-2015 18:42
  
  Mark Sands Postonline
  
  
  Legal expenses insurer DAS has restructured its management, with chief claims officer Richard Harris, pictured, opting for redundancy after his role was dissolved.
  
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• CPP CEO Escott warns brokers about PE snubs if they ignore regulation

  26-01-2015 16:47
  
  Jonathan Swift Postonline
  
  
  Insurance businesses need to “embrace” regulation or face tough consequences if they continue their current “amateurish” practices. Not least the fact they will struggle to sell a business if their compliance is not up to scratch, says CPP's Brent Escott.
  
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• Average salary for insurance employees set to rise 8% in 2015

  26-01-2015 16:35
  
  Callum Brodie Postonline
  
  
  The strain of regulatory scrutiny is contributing to an 8% increase in average pay levels across the insurance industry in 2015 as firms seek to attract top talent.
  
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• DAS claims boss Richard Harris exits following restructure

  26-01-2015 15:13
  Harris’s role became redundant after his division’s remit was changed to focus solely on claims
  
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• DAS claims boss Richard Harris exits after restructure

  26-01-2015 15:13
  Harris’s role became redundant when his division’s remit was changed to focus solely on claims
  
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• Commercial growth taking off at Arc Legal following Axa and LV deals

  26-01-2015 13:53
  
  Callum Brodie Postonline
  
  
  Arc Legal managing director Helen Withers is confident the legal expenses firm will reach the target of tripling the size of its commercial book this year after signing deals with Axa and LV.
  
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• Commercial growth taking off at Arc Legal after Axa and LV deals

  26-01-2015 13:53
  
  Callum Brodie Postonline
  
  
  Arc Legal managing director Helen Withers is confident the legal expenses firm will reach the target of tripling the size of its commercial book this year after signing deals with Axa and LV.
  
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• Beach hut scheme is first to receive UK General Insurance backing

  26-01-2015 13:50
  
  Francesca Nyman Postonline
  
  
  An insurance scheme for beach hut owners is the first to go live following UK General Insurance’s £100,000 Schemes Seat programme to promote broker innovation.
  
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• Eight months' wait for UK Mail to pay up for a crushed bike

  26-01-2015 13:43
  
  With CCTV footage and a witness Alic Tyler thought it would be quick to get compensation for a bike crushed by a reversing truck. She was wrong
  As mysteries go it was something of an open-and-shut case. Or rather, a reverse-and-leave case.When Alice Tyler left work on 27 May last year to find her locked road bike twisted and mangled against a stand she quickly surmised assumed something heavy must have struck it. Enquiries to the office block adjoining the bike stand found a helpful security gua
  
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• AXA considering cyber attack insurance cover for UK

  26-01-2015 13:30
  AXA France chairman Nicholas Moreau announcement at World Economic Forum in Davos
  
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• Heads of sales and claims leave Das

  26-01-2015 12:34
  
  Provider's restructure impacts claims and HR departments.
  
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• Insurers warned against 'indiscriminate use' of fundamentally dishonest clause

  26-01-2015 12:30
  
  Callum Brodie Postonline
  
  
  Insurers will be advised to avoid “indiscriminate use of legislation” designed to strike out claims deemed fundamentally dishonest, according to a partner at defendant law firm BLM.
  
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• TEn Insurance reports strong 2014

  26-01-2015 11:38
  
  Network states it had a 24.5% rise in GWP and over 20 new members.
  
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• Video: Blink on supporting broker growth

  26-01-2015 11:36
  
  Richard Harrison, joint managing director of Blink Intermediary Solutions meets Insurance Age editor Emmanuel Kenning.
  
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• Motor insurers and SMEs in firing line as court fee rises are considered

  26-01-2015 11:23
  
  Katie Marriner Postonline
  
  
  Proposed court fee increases have been criticised by legal experts for countering the government’s aim of reducing the cost of litigation, amid concerns motor insurers and SME’s expected will be impacted by the changes.
  
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• Novae looks to AIG for new cyber underwriter

  26-01-2015 10:43
  James Creasy joins Lloyd’s insurer’s one-year-old cyber unit
  
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• Drivers claiming £3.2m in compensation for pothole damage

  26-01-2015 10:41
  
  Mark Sands Postonline
  
  
  Almost 50,000 UK drivers have claimed more than £3m in compensation from local councils for damage to vehicles caused by potholes over the last financial year, according to the RAC Foundation.
  
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• Liberty Specialty Markets creates CRO role for Arch’s Fullerton-Rome

  26-01-2015 10:18
  
  Mark Sands Postonline
  
  
  Liberty Specialty Markets has found its first chief risk officer in the shape of Arch’s Elizabeth Fullerton-Rome.
  
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• Axis Capital merges with PartnerRe to create $11bn reinsurer

  26-01-2015 09:33
  The new company will be among the world’s five largest reinsurers
  
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• Axis Capital merger with PartnerRe to created $11bn reinsurer

  26-01-2015 09:33
  The new company will be among the world’s five largest reinsurers
  
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• Axis Capital merger with PartnerRe to create $11bn reinsurer

  26-01-2015 09:33
  The new company will be among the world’s five largest reinsurers
  
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• Green Insurance profits dip after withdrawal from unprofitable businesses

  26-01-2015 08:00
  But withdrawal and integration of resources and systems helps acquisitive broker’s EBITDAE to improve
  
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• Beach hut is first UK General Dragons' Den innovative broker scheme

  26-01-2015 08:00
  The MGA is working with Ryan Insurance Group to launch the beach hut insurance policy
  
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• Third of drivers think brokers and insurers responsible for policy application accuracy

  26-01-2015 07:30
  Application form error reduces annual premium by 46% but could be costing insurers over £1bn a year - SSP
  
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• Third of drivers think brokers and insurers responsible for policy accuracy

  26-01-2015 07:30
  Application form error cuts annual premium by 46% but could be costing insurers over £1bn a year - SSP
  
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• Brokers, insurers and reinsurers unite for microinsurance push

  26-01-2015 06:24
  
  Andrew Tjaardstra Postonline
  
  
  Nine brokers, insurers and reinsurers are combining in an attempt to add scale and reduce distribution costs of microinsurance.
  
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• 29% of drivers believe they aren’t responsible for accuracy of insurance applications

  26-01-2015 01:00
  
  Mark Sands Postonline
  
  
  Almost a third of UK drivers believe they are not directly responsible for the accuracy of their motor insurance applications, according to new research from technology firm SSP.
  
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