Insurance news

• Christian Plumer resigns as Swinton Insurance CFO

  16-03-2015 18:37
  
  Chief risk officer Rob Harding replaces him.
  
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• Insurers fear 'floodgates' will open if scope for psychiatric claims is widened

  16-03-2015 18:25
  
  James Verrinder Postonline
  
  
  Insurers have expressed concern that Association for Personal Injury Lawyers proposals to broaden the scope of who is able to lodge a claim for psychiatric harm could “open the floodgates” to spurious claims.
  
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• Smith verdict due in May - report

  16-03-2015 17:28
  
  James Verrinder Postonline
  
  
  An employment tribunal will reconvene in May to deliver its findings into Philip Smith's departure from RSA Ireland.
  
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• Aviva's Wilson takes home £2.6m for 2014

  16-03-2015 17:03
  Annual bonus up 16% as employee engagement improves
  
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• Insurers told to expedite sales call backs

  16-03-2015 15:45
  
  Katie Marriner Postonline
  
  
  Customers that have requested a call back from a contact centre about an insurance purchase will lose interest in the sale if they wait more than 24 hours for the call, research from Callstream has found.
  
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• Memorial service planned for centenary CII president Kellett

  16-03-2015 15:08
  
  Callum Brodie Postonline
  
  
  Former industry colleagues of the Chartered Insurance Institute’s centenary president Bryan Kellett have been invited to attend a City memorial service following his passing in January.
  
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• Jelf acquisition enhances broker's claims offering

  16-03-2015 13:53
  
  CEO Alex Alway says future acquisitions will be general insurance and employee benefits firms.
  
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• Zurich launches cyber protection policy

  16-03-2015 13:40
  
  The product also has an associated breach response service.
  
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• DLG director Jones to step down at AGM

  16-03-2015 13:37
  
  Katie Marriner Postonline
  
  
  Direct Line Group senior independent director Glyn Jones will not be submitting himself for re-election as a director at the company's 2015 annual general meeting.
  
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• Zurich unveils cyber policy

  16-03-2015 13:13
  
  James Verrinder Postonline
  
  
  Zurich has launched its new cyber protection policy in the face of international demand for such a product.
  
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• Markerstudy overtakes Apollo in race to buy Chaucer's motor book

  16-03-2015 13:13
  Apollo is understood to have hit a glitch which has caused its bid to stall
  
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• Markerstudy overtakes Apollo in bid race for Chaucer motor book

  16-03-2015 13:13
  Apollo is understood to have hit a glitch which has caused its bid to stall
  
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• Flood campaign urges defence spending boost in Budget

  16-03-2015 13:04
  
  Katie Marriner Postonline
  
  
  The Association of British Insurers' Flood Free Homes campaign is urging government to increase spending on flood defences and maintenance ahead of the Budget announcement on 18 March.
  
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• Cheltenham charity bets: The winnings are in

  16-03-2015 12:36 via insuranceage.co.uk
  
  Insurance Age raises £344.01 for charity in the Axa Business Choice Stakes.
  
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• Apollo-backed bid for Chaucer motor book stalls as Markerstudy revs up interest

  16-03-2015 12:17
  
  Callum Brodie Postonline
  
  
  Markerstudy is in pole position to tie-up a deal for Chaucer’s UK motor business after a $300m (£203m) bid backed by private equity house Apollo stalled, Post understands.
  
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• Helvetia celebrates ‘very good' performance for 2014

  16-03-2015 12:16
  
  James Verrinder Postonline
  
  
  Helvetia Group has reported an increase in underlying earnings after tax and a lower combined ratio for 2014.
  
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• Brightside rebrands to further growth plans

  16-03-2015 11:55
  
  Broker to continue building new business relationships and pursue acquisitions.
  
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• SSP in £207m MBO deal

  16-03-2015 11:49
  
  Technology solutions provider's management buyout backed by private equity firm LDC.
  
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• Vince Cable presses FCA to reveal results of Quindell investigation - report

  16-03-2015 11:49
  
  James Verrinder Postonline
  
  
  MPs have put pressure on the Financial Conduct Authority to reveal details of its investigation into alleged market abuse by Quindell.
  
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• MPs push FCA to reveal details of Quindell share crash probe

  16-03-2015 10:12
  Vince Cable referred to ‘deeply worrying’ allegations of ‘potential market abuse’ in letter to regulator
  
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• Quindell shares soar 25% amid £640m legal arm sale talk

  16-03-2015 09:52
  Quindell ready to accept £640m cash offer for legal arm from Australian law firm, it is reported
  
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• Quindell shares soar 25% amid £600m legal arm sale talk

  16-03-2015 09:52
  Quindell ready to accept £640m cash offer for legal arm, it is reported
  
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• Have your say on e-trading

  16-03-2015 09:51
  Only one week left to take part in Insurance Times’s e-trading survey and be in with the chance to win £250 of John Lewis vouchers
  
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• Brightside rebrands as it seeks to build its own portfolio

  16-03-2015 09:38
  Broking group aims to be more than just an umbrella for its other brands
  
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• LDC buys majority stake of SSP in £207m MBO

  16-03-2015 09:23
  Laurence Walker to remain chief executive while co-founder David Rasche will depart, reports say
  
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• Oval sued for £4.6m over alleged 'poor' PPI advice

  16-03-2015 08:00
  Oval blunders lost us millions in professional indemnity payouts, claims client
  
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• Moorhouse managing director Sian Pryce departs

  16-03-2015 07:30
  Pryce was with the company for ten years
  
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• Lloyd's private equity house backs SSP management buyout

  16-03-2015 07:03
  
  Andrew Tjaardstra Postonline
  
  
  Lloyds Banking Group's private equity arm LDC is backing a £207m management buyout of technology house SSP.
  
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• Oliver promoted to Ace Asia-Pacific role

  16-03-2015 03:46
  
  Andrew Tjaardstra Postonline
  
  
  Ace has promoted Shaun Oliver to the role of head of casualty, energy and construction, Asia-Pacific.
  
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• Insurance giants ready India investment after FDI law passed

  16-03-2015 03:26
  
  Andrew Tjaardstra Postonline
  
  
  There is expected to be a flurry of movement in the Indian insurance market following India's government decision to increase the FDI cap.
  
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