Insurance news

• Editor's comment: Applications welcomed

  03-02-2015 20:39
  
  Stephanie Denton Postonline
  
  
  “Born again broker seeks new CEO to restore business with falling Ebitda and declining income to its former glory days. Experience of broking market preferable along with proven track record.”
  
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• Duff and Phelps to acquire American Appraisal

  03-02-2015 18:26
  
  Francesca Nyman Postonline
  
  
  Global valuation and corporate finance advisor Duff & Phelps Corporation has agreed to acquire global full-service valuation and fixed asset management advisor American Appraisal.
  
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• Ageas confirms Stanley’s departure after ‘consultation process’

  03-02-2015 18:24
  
  Francesca Nyman Postonline
  
  
  Ageas’ change and development director will be leaving the business at the end of March, the insurer confirmed today.
  
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• Insurance Bill awaits royal assent after passing in Commons

  03-02-2015 17:39
  
  Francesca Nyman Postonline
  
  
  The Insurance Bill passed unanimously in the House of Commons today (3 February) and is now only waiting for Royal Assent to become law.
  
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• Davies Group reports rising profits

  03-02-2015 16:29
  
  Loss adjuster's operating profit up by £2.9m compared to last year's results.
  
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• RSA holds motor event at the House of Commons

  03-02-2015 15:21
  
  Francesca Nyman Postonline
  
  
  MPs, transport officials, road safety and telematics specialists met in the House of Commons today (3 February) to discuss how government and businesses can work together to ensure emerging technologies benefits drivers.
  
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• Voluntary code mooted to tackle automatism loophole

  03-02-2015 14:57
  
  Francesca Nyman Postonline
  
  
  Insurers should consider adopting a voluntary code to ensure injured policyholders are compensated even in situations where negligence cannot be established, according to the firm at the centre of an automatism loophole dispute.
  
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• Lloyd's broker doubles GWP to £70m with acquisition

  03-02-2015 14:05
  Clegg Gifford’s acquisition of broker Westminster leaves former owner Tradex as an insurer only
  
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• Ian Story to become interim Gallagher CFO

  03-02-2015 13:39
  
  Mark Mugge is leaving the role.
  
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• Ian Story to become interim CFO for Gallagher's international business

  03-02-2015 13:39
  
  Mark Mugge is leaving the role.
  
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• Gallagher announces interim CFO for international business

  03-02-2015 13:23
  
  Francesca Nyman Postonline
  
  
  Arthur J Gallagher has appointed Ian Story as interim chief financial officer for the company’s international business, subject to regulatory approval.
  
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• Penny Black’s Insurance Week - 5 February

  03-02-2015 13:13
  
  Penny Black Postonline
  
  
  Insurance industry journalism and glitzy awards dos go together like peanut butter and jelly.
  
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• Ageas Insurance Solutions’ Mike Stanley to leave in March

  03-02-2015 13:13
  Departure of change and development director follows review of partnerships leadership team
  
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• Towergate tipped for future sale despite debt-for-equity deal

  03-02-2015 13:07
  
  Mark Sands, Francesca Nyman Postonline
  
  
  There is “no question” Towergate will be up for sale once again in the coming years, according to market insiders, who believe the swift appointment of a CEO is paramount following this week’s debt-for-equity deal.
  
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• XL achieves best COR for over 15 years

  03-02-2015 12:57 via insuranceage.co.uk
  
  Group result reveals rise in premiums and net operating income.
  
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• Principal Insurance secures funding from Yorkshire Bank

  03-02-2015 12:55
  
  Loan will be used to meet expansion targets.
  
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• In Series: Corporate Risk: Leading the way

  03-02-2015 12:52
  
  Edward Murray Postonline
  
  
  Claims management in the corporate space needs a tailored and clearly communicated approach, so how can insurers and brokers eradicate the grey areas to deliver this successfully?
  
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• Voice of the Future: Kathyrn Considine

  03-02-2015 12:48
  
  Kathyrn Considine Postonline
  
  
  Post talks to talented newcomers about what attracted them to insurance. This week it's the turn of Kathyrn Considine, international account handler, Carroll London Markets.
  
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• Market Moves - 5 February 2015

  03-02-2015 12:37
  
  Mark Sands Postonline
  
  
  All the latest job moves in the insurance market.
  
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• Ex-Oval finance director returns to Gallagher as interim International CFO

  03-02-2015 12:24
  Ian Story to replace departing Mark Mugge
  
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• LV's GWP down 4% to £1.39bn in 2014

  03-02-2015 11:45 via insuranceage.co.uk
  
  Insurer says depressed motor premiums affected the business.
  
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• Interview: Stewart Ower: Going with the flow

  03-02-2015 11:33
  
  Francesca Nyman Postonline
  
  
  Chairman of UK Spill Stewart Ower plans to use his tenure to ensure any environmental aspect of a claim is one recognised as early as possible, so proactive intervention can help take control of claims costs
  
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• Broker Principal secures £250,000 funding from Yorkshire Bank

  03-02-2015 11:27
  It is the first time the broker has sought external funding since it was set up in 2011
  
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• Low cat losses sees XL record best COR in over 15 years

  03-02-2015 11:25
  
  Callum Brodie Postonline
  
  
  XL Group has chalked up its best property and casualty combined operating ratio in more than 15 years after benefiting from one of the lowest catastrophe years in recent times.
  
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• C-Suite - Insurer: False claims still a pain in the neck

  03-02-2015 11:10
  
  John O'Roarke, managing director of general insurance, LV Postonline
  
  
  Cross-industry taskforce on fraud welcome as frequency of personal injury claims rises once more
  
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• Insurance industry failing to engage on social media as UK lags behind US

  03-02-2015 10:20
  
  Callum Brodie Postonline
  
  
  UK companies are being outperformed by their US counterparts in their use of social media for corporate communications, according to an Investis review, which ranked the insurance industry as one of the lowest performing sectors.
  
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• Quindell sale negotiations still 'on-going'

  03-02-2015 10:16
  Outsourcer is in talks with Australian law firm about the disposal of its legal services division
  
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• Quindell sale negotiations ‘on-going’

  03-02-2015 10:16
  Outsourcer is in talks with Australian law firm about the disposal of its legal services division
  
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• XL reports record COR for 2014

  03-02-2015 09:36
  Combined operating ratio improves by 4.3 percentage point as lack of catstrophes drives down loss ratio
  
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• Allianz mechanic rescues toddler from burning house

  03-02-2015 09:08
  Rob Day carried two year old to safety after being alerted to the fire while repairing a car for the insurer
  
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• India's Insurance Bill could open door for Lloyd's

  03-02-2015 08:08
  
  Andrew Tjaardstra Postonline
  
  
  Lloyd's is keen for India's long awaited Insurance Bill to be ratified by Parliament.
  
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• Editor's letter - February 2015

  03-02-2015 02:16
  
  “The sector is setting a course into 2015 with increasing levels of good cheer”
  
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• Industry welcomes forthcoming Insurance Bill

  03-02-2015 01:58 via insuranceage.co.uk
  
  Legal update to 1906 legislation to cover disclosure, warranties and remedies for fraudulent claims
  
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• Products round-up: Motoring into the new year

  03-02-2015 01:42
  
  In the last two months there has been an outburst of products involving motor insurance.
  
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• All change

  03-02-2015 01:38
  
  Change will be this year’s defining theme, says Bill Cooper, and small to medium-sized brokers are in a perfect position to exploit it
  
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• In-depth: E-trading and the digital broker

  03-02-2015 01:34
  
  Siân Barton examines how well brokers are keeping up with the digital world and how they can use technology in commercial lines as Larry Ferguson considers how technology can help fraud prevention and detection
  
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• Broking success: Building a brand

  03-02-2015 01:30
  
  Imogen Coggan, group MD at Kelliher Insurance Group, explains the Kerry London rebrand and talks about the future of the broker
  
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• Review: Driving business

  03-02-2015 01:27
  
  ERS Specialist Commercial Vehicle. This product has been reviewed by brokers and rated from one to five stars, based on the policy’s key benefits. * = Poor ** = Average *** = Good **** = Very good ***** = Excellent
  
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• Profile: Straight talking

  03-02-2015 01:26
  
  From continuous growth to a focus
  on people and staying debt-free,
  Henderson Insurance Brokers founder
  Joe Henderson has a lot to be
  outspoken about
  
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• Brokers question survey’s dipping optimism findings

  03-02-2015 01:22
  
  Brokers were less optimistic about their overall business situation in the final quarter of 2014, according to a Financial Services Survey from the CBI and PwC.
  
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• Brokers’ own PI – a rock and a hard place

  03-02-2015 01:09
  
  With pressure on terms and insurers not paying out on claims as readily as before, Charles Manchester warns that premiums for brokers’ own PI are on the rise
  
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• Brokers back FCA promise to work with Biba on regulation

  03-02-2015 01:08
  
  FCA pledges to “work constructively” with Biba as trade body launches 2015 manifesto
  
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• Paper mountain of regulation for brokers

  03-02-2015 01:07
  Whether or not you agree that protected no claims bonuses are an add-on, if implemented it means a lot more paper work for brokers, says William Hughes
  
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• Predictions of Armageddon have been totally wrong

  03-02-2015 01:05
  
  Tony Cornell looks at the state of the nation from a commercial insurance perspective
  
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• Market moves: No rest for recruitment

  03-02-2015 01:02
  
  There was no holiday break when it came to market moves. From management changes at Brightside to Gary Duggan leaving Paymentshield, there was no shortage of news involving personnel movements. Gallagher and Griffiths & Armour picked up staff from Towergate, while Bluefin focused on making regional changes and Carole Nash saw the return of Phil Evans.
  On the insurer side, QBE saw changes both in its claims team and its internati
  
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• Business as usual for brokers as Aviva takes next step in Friends Life takeover

  03-02-2015 01:01
  
  Brokers largely unconcerned over insurer’s purchase of life and pensions provider
  
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