Insurance news

• Kaiser and the state of mental health care: 'This is a corporation that has lost its moral compass'

  27-01-2015 23:30
  
  A week-long strike by employees of the California-based medical care provider brought attention to the struggles of people suffering from mental health problems to find adequate care. The problem, protesters say: insufficient fundingShirlee Zane watched her husband’s slide into depression with growing alarm. The outside world knew Peter Kingston as warm and gentle, a respected figure with everything to live for, but she saw insomnia and anxiety erode the man she loved.“I felt I was looking a
  
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• Editor's comment: A market under attack

  27-01-2015 19:40
  
  Stephanie Denton Postonline
  
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• XL expands German PI business

  27-01-2015 19:05
  
  Francesca Nyman Postonline
  
  
  XL Group has appointed a new professional indemnity manager for its German business as it looks to expand its team in response to rising demand.
  
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• Wheatley regrets "shoot first" line

  27-01-2015 18:55 via insuranceage.co.uk
  
  The FCA chief executive appears at hearing following the Davis Report.
  
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• Cannabis farmer jailed for insurance fraud

  27-01-2015 17:29 via insuranceage.co.uk
  
  Essex-based electrician found with £14,000 of cannabis plants at his home when arrested on suspicion of insurance fraud.
  
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• Ifed investigation into Essex fraudster unearths cannabis factory

  27-01-2015 17:26
  
  Callum Brodie Postonline
  
  
  An electrician who conned Zurich out of £15,000 by repeatedly reporting his work power tools had been stolen has been jailed after police officers investigating the fraud found a cannabis factory at his premises.
  
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• Ifed investigation into fraudster unearths cannabis factory

  27-01-2015 17:26
  
  Callum Brodie Postonline
  
  
  An electrician who conned Zurich out of £15,000 by repeatedly reporting his work power tools had been stolen has been jailed after police officers investigating the fraud found a cannabis factory at his premises.
  
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• ABI hails political support for Flood Free Homes campaign

  27-01-2015 17:24
  
  Francesca Nyman Postonline
  
  
  The Association of British Insurers’ has secured the support of 20 MPs for its Flood Free Homes campaign, the trade body said today.
  
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• Bennett Christmas buys book of business from Howden

  27-01-2015 17:11
  
  The broker plans to grow to £20m in the next three years.
  
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• Wheatley regrets 'shoot first' comment

  27-01-2015 16:26
  FCA chief tells MPs that comment does not reflect watchdog’s approach
  
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• Tokio Marine expands in corporate market

  27-01-2015 15:43
  Insurer hires Woodward from Zurich to take head of liability role
  
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• ABSs highlighted as claims upsurge threat as CMC numbers dwindle

  27-01-2015 14:46
  
  Mark Sands Postonline
  
  
  The rapid demise of claims management companies and the subsequent reduction in bodily injury claims is in danger of being offset by the future strategy of insurance companies with alternative business structures, according to market observers.
  
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• AXA hires sector-specific underwriters amid mid-market growth plans

  27-01-2015 13:15
  Insurer has hired PI and specialist property underwriters for South-west and Wales branches
  
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• Market Moves - 29 January 2015

  27-01-2015 13:13
  
  Mark Sands Postonline
  
  
  All the latest job moves in the insurance market.
  
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• Millions to be compensated for being sold worthless credit card protection

  27-01-2015 13:02
  
  Insurance policies sold by banks and credit card providers were worthless as banks are obliged to cover losses anywayTwo million customers of the major high street banks are to receive compensation of as much as £200 after being mis-sold worthless credit card protection policies.The policies, typically costing £25 a year, promised to reimburse customers for fraudulent transactions if their cards were lost or stolen, and earned banks substantial commission. But they were largely point
  
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• Penny Black’s Insurance Week - 29 January

  27-01-2015 12:53
  
  Penny Black Postonline
  
  
  When the New Years Honours list came rolling around, Penny was once again ignored.
  
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• Gibraltar to overhaul regulatory regime for financial services

  27-01-2015 12:49
  
  Francesca Nyman Postonline
  
  
  Gibraltar's government and its Financial Services Commission have joined forces to develop a new regulatory framework for financial and professional services.
  
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• Legal Update: Ping-pong - it's not table tennis

  27-01-2015 12:44
  
  Andrew Parker, partner and head of strategic litigation, DAC Beachcroft Postonline
  
  
  Andrew Parker anticipates amendments to unfinished legislation as this parliament draws to a close
  
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• Neuro-rehabilitation: Fit for purpose

  27-01-2015 12:37
  
  Jo Throp, neurological occupational therapist and partner, Krysalis Consultancy Postonline
  
  
  With changes afoot for the Rehabilitation Code, it is vital that all parties go back to basics and understand how best to navigate the issue
  
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• Man who broke ankle in YouTube stunt sentenced for fraudulent claim

  27-01-2015 12:30
  Stephen Robinson tried to claim for injury from Newcastle Council’s insurers
  
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• In Series: Corporate Risk: Threats on the radar

  27-01-2015 12:26
  
  Edward Murray Postonline
  
  
  Insurers can help companies with their risk management strategies by offering products that anticipate the challenges of the future
  
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• PRA unveils new insurance chief

  27-01-2015 12:26
  Sam Woods to head Bank of England’s insurance supervision work
  
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• Dalton appointed as ABI policy director for GI

  27-01-2015 12:25
  
  Francesca Nyman Postonline
  
  
  The Association of British Insurers has appointed James Dalton as director of general Insurance policy.
  
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• Claimant's fraudulent broken ankle story discredited on You Tube

  27-01-2015 12:23
  
  Callum Brodie Postonline
  
  
  A Newcastle man who almost swindled his local authority’s insurance company out of £17,000 after lying about how he broke his ankle has been sentenced to 200 hours of unpaid work.
  
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• Insurance CEOs: Picking the perfect candidate

  27-01-2015 12:15
  
  Mark Sands Postonline
  
  
  Hiring a new CEO can be a problem for an insurance company, with standards of demonstrated experience continually rising and the regulator wielding its influence over appointments. So, how do they pick the right person for the job?
  
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• ABI motor head James Dalton named as general insurance policy director

  27-01-2015 12:10
  Dalton will lead the ABI’s policy directorate with director of long terms savings policy Yvonne Braun
  
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• Brendan McManus in rumoured £199m Chaucer deal

  27-01-2015 12:08
  
  Reports suggest that former Gallagher retail CEO has teamed up with Apollo to buy insurer’s £199m motor book.
  
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• Q&A: Dr Sebastian Herfurth: Digital friends with benefits

  27-01-2015 12:05
  
  Mairi MacDonald Postonline
  
  
  Dr Sebastian Herfurth, co-founder and managing director of Friendsurance, discusses the future of peer-to-peer insurance, how the industry is not getting the most out of social media and why meeting customer needs is key to insurers succeeding in the future
  
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• Axa targets South-west and Wales growth with new appointments

  27-01-2015 11:45
  
  Insurer adds property owners and professional indemnity expertise with double hire from RSA and Franklands Insurance.
  
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• Gibraltar unveils plans for new financial regulatory regime

  27-01-2015 11:43
  Joint government and FSC plans will merge existing rules and create a new ombusdsman
  
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• C-Suite - Insurer: Around the world

  27-01-2015 11:40
  
  Stephane Baj, regional director EMEA, A&H corporate and affinity, Ace Europe Postonline
  
  
  Insurance cover for business travel has taken on increased significance in the global market
  
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• Smaller motor players facing market exit amid intense competition

  27-01-2015 11:26
  
  Francesca Nyman Postonline
  
  
  Cut-throat competition and meagre rate rises in the motor market could force smaller players to plot an exit, according to industry analysts, as “brinkmanship” continues among certain insurers over potential price increases.
  
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• Compass hires two to motor fleet business

  27-01-2015 11:26
  
  Darren Grodent and Patrick Bartlett both have experience of the London market.
  
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• Gallagher's Compass network hires motor fleet pair for London Markets arm

  27-01-2015 11:22
  Darren Grodent will be senior motor fleet broker, while Patrick Bartlett will be renewals executive
  
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• Compass expands fleet team with London market hires

  27-01-2015 11:13
  
  Francesca Nyman Postonline
  
  
  Compass Broker Services, the UK networks division of broker Arthur J Gallagher has appointed Darren Grodent as senior motor fleet broker for its London markets division.
  
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• Fewer complaints to the FOS in final quarter of 2014

  27-01-2015 11:08
  
  Ombudsman reports fewer new cases in PPI and across car, motorcycle, buildings, travel and contents insurance.
  
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• Lonmar takes HNW specialist from Aon

  27-01-2015 11:01
  
  New recruit to focus on existing books and new business drive.
  
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• Ex-Giles boss McManus to lead private equity bid for $300m Chaucer motor book – reports

  27-01-2015 10:46
  Towergate bidders Apollo leading the race to acquire Chaucer’s motor book
  
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• Ombudsman GI complaints dip for Q3

  27-01-2015 10:03
  
  Mark Sands Postonline
  
  
  Numbers of enquiries received by the Financial Services Ombudsman on general insurance products excluding payment protection insurance fell in the final three months of 2014.
  
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• General insurance complaints down 37% - FOS

  27-01-2015 09:50
  But number of cases found in favour of the customer is on the increase
  
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• Novae makes cyber hire from AIG

  27-01-2015 08:10
  
  Andrew Tjaardstra Postonline
  
  
  Lloyd’s insure Novae has appointed James Creasy as class underwriter of its cyber division.
  
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• TEn planning to target established brokers as well as start-ups

  27-01-2015 07:31
  Network expecting more modest 20% GWP growth this year after 24.5% uplift in 2014
  
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• Scottish court reforms will cut legal fees for insurers

  27-01-2015 07:30
  Sherriff Courts will now be able to hear cases for claims valued up to £100,000
  
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• Lonmar takes high net worth broker from Aon

  27-01-2015 07:30
  Richard Outhwaite joins Lloyd’s broker’s fine art division
  
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• Chinese insurers' profits doubled in 2014

  27-01-2015 03:47
  
  Andrew Tjaardstra Postonline
  
  
  Insurers in China recorded record profits last year.
  
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