Insurance news

• Industry concerns remain about Riot Act despite new £1m claim cap

  12-03-2015 17:24
  Police’s power to define a riot is a ‘conflict of interest’, say insurers and brokers
  
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• Chubb UK operations and underwriting boss Payne departs

  12-03-2015 17:17
  
  Callum Brodie Postonline
  
  
  Chubb has confirmed the departure of UK and Ireland operations and underwriting service centre manager Stuart Payne after a 17 year stint at the firm.
  
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• Revenue up at Robertson Taylor

  12-03-2015 17:04 via insuranceage.co.uk
  
  Entertainment broker says total premium placed in 2014 exceeds £100m for the first time.
  
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• Graham to rejoin Airmic in technical director role

  12-03-2015 16:41
  
  Francesca Nyman Postonline
  
  
  Former Airmic chair and president of the Federation of European Risk Management Associations Julia Graham will be joining the association as technical director from 1 May.
  
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• New broker head in Scotland for Zurich

  12-03-2015 16:03 via insuranceage.co.uk
  
  David Brown replaces Chris Sime who was promoted in January.
  
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• Zurich hires new broker market lead for Scotland

  12-03-2015 15:39
  David Brown has been promoted to the role
  
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• Smith refutes bully claims at employment tribunal - report

  12-03-2015 15:07
  
  James Verrinder Postonline
  
  
  Ex-RSA Insurance Ireland CEO Philip Smith has denied claims that he oversaw a culture of fear at the company that stopped colleagues from blowing the whistle on accounting problems.
  
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• Industry unveils new government-backed apprenticeships framework

  12-03-2015 14:32
  Insurance trailblazers working group included representatives from across the industry
  
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• Government moves to £1m per claim limit in draft riot bill

  12-03-2015 14:15
  
  Katie Marriner Postonline
  
  
  Government has proposed a £1m per claim limit for riot claims in the draft Riot Compensation Bill published today.
  
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• Jelf buys Hamilton Bond

  12-03-2015 13:51 via insuranceage.co.uk
  
  Management team stays at loss adjuster.
  
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• Apil demands change to "archaic" laws on psychiatric harm

  12-03-2015 13:41
  
  James Verrinder Postonline
  
  
  The Association of Personal Injury Lawyers has called for a change to the law regarding compensation for psychiatric harm.
  
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• Insurance industry launches new framework for apprenticeships

  12-03-2015 13:36 via insuranceage.co.uk
  
  The guidelines have been drawn up by the likes of Biba, the CII and ABI.
  
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• Industry launches apprenticeship framework

  12-03-2015 13:33
  
  Katie Marriner Postonline
  
  
  A government-backed apprenticeship framework has been launched by the insurance industry which has the support of sector bodies the Association of British Insurers, the British Insurance Brokers' Association and the Chartered Insurance Institute.
  
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• Jelf buys loss adjuster Hamilton Bond

  12-03-2015 13:21
  Founder Graeme Monce and his team will remain at company
  
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• The Military Mutual to offer policies for the armed forces

  12-03-2015 13:08
  
  James Verrinder Postonline
  
  
  A new insurer will enter the market at the end of April, offering services exclusively to members of the armed forces and their families, The Military Mutual.
  
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• Photo gallery: Apprenticeships LIVE

  12-03-2015 13:08
  Insurance Times and the CII launch a year-long partnership to celebrate apprentices and apprenticeship schemes
  
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• Red tape puts off firms from taking on apprentices

  12-03-2015 12:34
  Survey at inaugural Apprenticeships LIVE identifies bureaucracy as biggest hurdle to job training schemes
  
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• Europe: Insurance IT developments in Eastern Europe

  12-03-2015 11:56
  
  Risto Rossar Postonline
  
  
  Central and Eastern Europe has in recent years established itself as a rapidly growing region within the insurance sector and is seen as an attractive market for local, regional and international players.
  
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• Generali turnaround completed a year early

  12-03-2015 11:53
  
  James Verrinder Postonline
  
  
  Generali has completed its three-year turn around one year ahead of schedule after reporting "strong growth" for 2014.
  
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• RSA accuses ex-Ireland boss of fostering culture of fear

  12-03-2015 11:52
  Insurer also alleges Philip Smith presided over ‘catastrophic level of under-reserving’
  
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• Brightside launches price comparison service for Asda customers

  12-03-2015 11:21
  Customers will be able to see different quotes from insurers, including the Asda brand, on the Asda Money site
  
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• Arc to sell legal expenses cover through new broker Intelligent

  12-03-2015 10:55
  Legal expenses MGA to provide family legal protection through home broker
  
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• Cheltenham charity bets: Day three

  12-03-2015 10:35 via insuranceage.co.uk
  
  St Patrick’s Day at the track means the Guinness is flowing and Irish hopes are high – but who have our brokers and insurers put their stake on?
  
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• Full year 2014 result likely to reflect profit warning says R&Q

  12-03-2015 09:53
  
  Francesca Nyman Postonline
  
  
  Investor service provider and underwriting manager Randall & Quilter Investment Holdings has updated its trading forecast for the year ended 31 December 2014 ahead of the announcement of its final results.
  
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• Intelligent Insurance makes deal with Arc Legal

  12-03-2015 09:28 via insuranceage.co.uk
  
  Arc Legal to provide new specialist home insurance broker with legal expenses scheme.
  
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• Aviva puts forward plan to cut £2.5bn cost of whiplash claims

  12-03-2015 07:30
  Proposals include a reduced limitation period, minimum injury thresholds and pre-calculated compensation levels
  
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• Aviva bolsters whiplash fight with new proposals

  12-03-2015 01:05
  
  Katie Marriner Postonline
  
  
  Aviva has developed six recommendations for reducing the number of whiplash claims to help lower the cost of motor insurance for "fed up" customers.
  
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