Insurance news

• Insurers warned of 'profound effects' of Ecall on claims costs

  20-02-2015 15:57
  
  James Verrinder Postonline
  
  
  Insurers have been warned of the hidden costs that may entail from its introduction of the Ecall communication system.
  
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• ERS chief looks for further growth after return to profit

  20-02-2015 14:44 via insuranceage.co.uk
  
  Ian Parker confident about continued support from private equity owners Aquiline.
  
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• Briefing: Is the Gallagher and Towergate story about to reach a dramatic climax?

  20-02-2015 14:10
  Gallagher is battling to keep its big names amid the Towergate lure
  
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• Ex-Aon Benfield boss Chilton takes the reins at Gallagher

  20-02-2015 13:21
  
  Grahame Chilton replaces David Ross as CEO.
  
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• Grahame Chilton named chief executive of Gallagher International

  20-02-2015 13:10
  Highly-respected broking veteran to take over from David Ross
  
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• Driverless Cars: Four reasons why brokers really should be paying attention

  20-02-2015 13:10
  
  Jonathan Swift examines opportunities for brokers in the driverless car market.
  
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• Ascot reports £69m profit

  20-02-2015 13:06
  
  The insurer had a tougher financial year than in 2013 when the profit was at £80m.
  
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• And the nominees are: what to consider when insuring a motion picture

  20-02-2015 12:40
  
  With the glitz and glamour of the 87th Academy Awards around the corner, Rhona Alsworth, head of film and TV at Robertson Taylor talks us through what it takes to cover a film.
  
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• Blog Relentless portal-isation of claims has to stop now

  20-02-2015 12:00
  
  Emma Costin Postonline
  
  
  With the ABI calling for an extension of the Industrial Disease Claims Portal, Emma Costin points out that the vast majority of claims are, in fact, too complex for the portal
  
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• Ascot sees 2014 profits slide as CEO predicts 'challenging' year of trading

  20-02-2015 11:59
  
  Callum Brodie Postonline
  
  
  Ascot Underwriting CEO Andrew Brooks has vowed to maintain underwriting discipline amid a “challenging trading environment” in 2015, after the firm reported a dip in pre-tax profits last year.
  
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• Wesleyan promotes Ahmed Farooq to GI broking managing director role

  20-02-2015 11:39
  
  New MD raises possibility of mergers and acquisitions.
  
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• Standard Life warns against Britain leaving EU

  20-02-2015 11:10
  
  Keith Skeoch, head of the insurance group’s fund management arm, says financial markets would be unsettled by a vote to quit EU
  Standard Life has added to business community concerns over Britain’s relationship with Europe by warning that quitting the EU is unthinkable.Keith Skeoch, head of the insurance group’s fund management arm, said: “We have no problem with a referendum. It’s a democracy. Where financial markets would be worried would be if there was some kind of exit from the EU
  
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• First full year profit in five years at ERS

  20-02-2015 10:21
  
  Provider’s COR improves but remains above 100%.
  
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• ERS reports first full-year profit in five years

  20-02-2015 10:00
  
  Katie Marriner Postonline
  
  
  ERS has reported a full calendar year profit for the first time in five years, a £28m improvement year-on-year.
  
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• Large firms will need $1bn cyber insurance cover, experts warn

  20-02-2015 09:28
  Cyber insurance in the spotlight following attack on Anthem, the second largest health insurer in the US
  
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• Charles Taylor announces double acquisition

  20-02-2015 09:03
  
  Katie Marriner Postonline
  
  
  Charles Taylor has announced two acquisitions from the Standard Club; a 50.1% stake of Almond One and a 100% stake of Almond Two.
  
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• ERS returns to profit in 2014 but vows to fix ‘unsustainable’ 101% COR

  20-02-2015 09:00
  Lloyd’s motor insurer will now return to growth after 4.4% GWP dip, says chief executive Ian Parker
  
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• Fairfax launches equity financing after Brit offer

  20-02-2015 08:30
  
  Katie Marriner Postonline
  
  
  Fairfax Financial Holdings has launched a C$650m (£337m) equity financing in light of the positive impact of its recommended cash offer for specialist insurer Brit on 17 February.
  
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• AXA to explain claims process in next phase of transparency initiative

  20-02-2015 07:30
  Brokers have told AXA they find claims transparency documents useful at point of sale and renewal
  
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