Insurance news

• Legal Update: Personal injury claims for new employers

  24-02-2015 16:58
  
  Khalid Mahmood, partner, Kennedys Postonline
  
  
  Khalid Mahmood examines transfers taking place under TUPE and what this means for PI claims
  
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• Driverless cars: Driving change

  24-02-2015 16:47
  
  David Worsfold Postonline
  
  
  Rapid advances in automotive technology mean that, within a generation, the future of autonomous vehicles and driverless cars could become a reality. What will that mean for the insurance industry?
  
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• Europe: Opportunities in Middle and Eastern Europe despite geopolitical risks

  24-02-2015 16:46
  
  Marek Kalbáč Postonline
  
  
  Despite the Russian-Ukraine crisis, 2014 brought hope of a revival for the regional market in Middle and Eastern Europe. Economic prospects have been positive, regardless of the continual geopo
  
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• Davies plans more acquisitions this year after Ireland purchase

  24-02-2015 16:10
  Company will also focus on organic growth and hires to expand, said chief executive Dan Saulter
  
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• Penny Black’s Insurance Week - 26 February

  24-02-2015 15:57
  
  Penny Black Postonline
  
  
  During a recent elegant evening out at the rather fine dining establishment and purveyor of seasonal British grub Hix Soho, Penny was thrilled to discover that her hosts – the lovely folk from Tesco Insurance – were as keen to sample new culinary delights as she is.
  
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• Novae tipped to be next listed player to be sold as Lloyd's consolidation hots up

  24-02-2015 15:38
  
  Francesca Nyman Postonline
  
  
  Pressure on profitability in the Lloyd’s market has been cited among the main drivers for consolidation by analysts, with Novae tipped to become the latest listed player to be snapped up.
  
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• Novae tipped as next listed player to be sold as Lloyd's consolidation hots up

  24-02-2015 15:38
  
  Francesca Nyman Postonline
  
  
  Pressure on profitability in the Lloyd’s market has been cited among the main drivers for consolidation by analysts, with Novae tipped to become the latest listed player to be snapped up.
  
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• Video - Expertise from A-Z: Stephanie Ogden, Allianz

  24-02-2015 15:29
  
  Jonathan Swift Postonline
  
  
  Despite companies being reportedly twice as likely to have a directors’ and officers’ claims as a property one, D&O is still proving a hard sell for many brokers, especially in the SME space.
  
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• Aviva Investors fined £17.6m by FCA

  24-02-2015 15:08
  
  James Verrinder Postonline
  
  
  The Financial Conduct Authority has fined Aviva Investors £17.6m for systems and controls failings that meant it failed to manage conflicts of interest fairly.
  
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• Trade Voice: Living in a fast-changing world

  24-02-2015 14:46
  
  James Dalton, director of general insurance policy, Association of British Insurers Postonline
  
  
  The ABI sets out the issues it is looking to tackle over the upcoming year — and beyond
  
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• C-Suite - Insurer: The air of uncertainty

  24-02-2015 14:36
  
  Jacqueline McNamee, UK managing director, AIG Postonline
  
  
  2015 is shaping up to be a year beset by confusion and unpredictability – so change must be embraced
  
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• Brain Training - 26 February 2015

  24-02-2015 14:21
  
  Simon Turner Postonline
  
  
  ...handling client money
  
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• Market Moves - 26 February 2015

  24-02-2015 13:44
  
  James Verrinder Postonline
  
  
  All the latest job moves in the insurance market.
  
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• Online court proposal queried as a 'white elephant' for insurance claims

  24-02-2015 13:44
  
  Katie Marriner Postonline
  
  
  The proposal to introduce an online dispute resolution system for civil claims below £25,000 has been branded "overly ambitious" and a "potential white elephant" by industry commentators who have called for thorough testing before such a system is introduced.
  
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• Aviva asset management arm fined £17.6m for failing to manage conflicts of interests

  24-02-2015 13:20
  Weaknesses led to a £132m compensation payment to eight impacted funds
  
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• Detriment to genuine claimants cited as insurers push for industrial deafness reform

  24-02-2015 12:47
  
  James Verrinder Postonline
  
  
  Claimant solicitors have told insurers to “stop bleating” about the need to introduce reform to address the growing number of industrial deafness claims, amid concerns regarding the impact on genuine claimants.
  
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• Fairchild aims to take Broker Network back to its roots

  24-02-2015 12:40
  
  CEO Andy Fairchild on strategy, products, insurer partners and profits.
  
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• FOS figures show two thirds of complaints are still PPI

  24-02-2015 11:52 via insuranceage.co.uk
  
  Insurer complaint figures detailed by the Ombudsman service.
  
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• Money Supermarket lays down renewals challenge for insurers

  24-02-2015 11:48
  
  Katie Marriner Postonline
  
  
  Aggregator Money Supermarket is challenging the insurance industry to adopt eight recommendations it has put forward to make the auto-renewal process fairer for consumers.
  
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• Former FSA man in running to chair Towergate

  24-02-2015 11:09
  
  Reports say John Tiner set to replace Alastair Lyons as Towergate chair.
  
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• Integration a key focus for Gallahger, says CEO Chilcot

  24-02-2015 10:52
  
  New Gallagher CEO sets out his early plans to take away frustrations at the business.
  
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• Integration a key focus for Gallagher, says CEO Chilton

  24-02-2015 10:52
  
  New Gallagher CEO sets out his early plans to take away frustrations at the business.
  
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• Ascot and Beazley named among claims service improvers in Gracechurch report

  24-02-2015 10:51
  
  Katie Marriner Postonline
  
  
  Ascot, Beazley and RSA are among the London market insurers that have increased their net satisfaction ranking for claims service, according to research from Gracechurch consulting.
  
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• Beazley boss among highest paid chief exec at Lloyd's

  24-02-2015 10:50
  Peter Horton was paid nearly £3.6m in 2014 despite falling profits
  
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• Motor insurers slammed for £1.3bn auto-renewal ‘tricks’

  24-02-2015 10:41
  MoneySuperMarket publishes eight-point plan for insurers to adopt for improved transparency
  
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• Ombudsman publishes complaints data for H2 2014

  24-02-2015 10:32
  
  James Verrinder Postonline
  
  
  The Financial Ombudsman Service has published details of complaints it received from consumers in the second half of 2014.
  
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• Council insurers accused of suppressing child sex abuse facts

  24-02-2015 10:16
  Muncipal Mutual denies the suggestion that it acted to the detriment of pupils at Hereford and Worcester
  
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• General insurance complaints down 8.7% - FOS

  24-02-2015 09:49
  Direct Line Group remains most complained about insurer despite 6% improvement
  
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• Insurers "tried to influence" child abuse inquiry, says BBC investigation

  24-02-2015 09:37
  
  Andrew Tjaardstra Postonline
  
  
  A BBC investigation is alleging that insurers have tried to influence the terms of child abuse allegation inquiries.
  
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• Insurers tried to influence child abuse inquiries, says former social services director

  24-02-2015 09:37
  
  Andrew Tjaardstra Postonline
  
  
  Councils and insurers have been criticised following an investigation into the set-up of child abuse inquiries at children's homes.
  
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• Former FSA chief in line to chair Towergate

  24-02-2015 09:27
  Has the broker found a replacement for Alastair Lyons?
  
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• QBE returns to profit in 2014

  24-02-2015 09:09
  European group also delivers ‘stable’ results despite challenging conditions
  
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• AXA offers €30,000 for university students and graduates

  24-02-2015 07:36
  More than 20,000 students have applied to win the ‘ultimate gap year’ via the insurer’s Great Global Adventure online game
  
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• AXA UK appoints new chief investment officer

  24-02-2015 07:25
  Bruno Charlin joins from AXA group
  
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• Ironshore hires Asia-Pacific managing director from Catlin

  24-02-2015 03:04
  
  Andrew Tjaardstra Postonline
  
  
  Ironshore International has named Hui Yun Boo as managing director Asia-Pacific and principal officer for Singapore.
  
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• PPI problems still the cause of most complaints to financial ombudsman

  24-02-2015 01:44
  
  Lloyds and Barclays named as Britain’s two most complained-about financial firms in report covering second half of 2014
  Complaints about payment protection insurance (PPI) are still making up two-thirds of all the cases being dealt with by the financial ombudsman, which named Lloyds and Barclays as Britain’s two “most complained-about” financial firms.
  The Financial Ombudsman Service received almost 105,000 new PPI complaints during the second half of 2014, taking the total for the who
  
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• QBE bounced back to profit in 2014; GWP fell 9%

  24-02-2015 00:37
  
  Andrew Tjaardstra Postonline
  
  
  Australian giant QBE secured an after tax profit of $742m (£480m) in 2014 after seeing a pre-tax loss of $254m in 2013 but missed profit expectations.
  
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