Insurance news

• Judge dismisses first full case for fundamental dishonesty

  31-03-2015 18:15
  
  Katie Marriner Postonline A Telford County Court judge has dismissed the first full trial due to a finding of fundamental dishonesty.
  
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• Insurer says unrated status not an issue for potential Medco customers

  31-03-2015 16:09
  
  James Verrinder Postonline Elite Insurance's COO Russell Smart has stressed that customers should not be worried by the fact that the firm is an unrated carrier.
  
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• Elite says unrated status not an issue for potential Medco customers

  31-03-2015 16:09
  
  James Verrinder Postonline Elite Insurance's chief operating officer Russell Smart has stressed that customers should not be worried by the fact that the firm is an unrated carrier.
  
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• Career Development & CSR: A helping hand for local causes

  31-03-2015 15:04
  
  James Verrinder Postonline Aviva has launched the Aviva Community Fund, an initiative that will lend a helping hand to local communities by offering support and funding for inspirational local causes.
  
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• Career File: Clive Nicholls - Crawford and Company names new UK CEO

  31-03-2015 15:00
  
  James Verrinder Postonline Clive Nicholls has been appointed as CEO of Crawford & Company UK & Ireland in a leadership reshuffle following its acquisition of GAB Robins.
  
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• Career File: Clive Nicholls - Crawford & Company names new UK CEO

  31-03-2015 15:00
  
  James Verrinder Postonline Clive Nicholls has been appointed as CEO of Crawford & Company UK & Ireland in a leadership reshuffle following its acquisition of GAB Robins.
  
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• Market Moves - 2 April 2015

  31-03-2015 14:45
  
  James Verrinder Postonline Who has moved where this week.
  
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• Esure completes £95m purchase of 50% Gocompare stake

  31-03-2015 14:19
  Completion of the deal follows CMA clearance in February
  
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• Independent's creditors to vote on scheme in June

  31-03-2015 14:08
  
  Katie Marriner Postonline Scheme creditors of the collapsed Independent Insurance Company are to meet on 1 June 2015 to consider a scheme of arrangement which is being proposed as an alternative to the company being liquidated.
  
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• GI players under the microscope as FCA increases its focus on the sector

  31-03-2015 13:58
  
  Francesca NymanPostonline Insurers and brokers have been warned by market observers to be on their guard after the Financial Conduct Authority outlined a series of reviews designed to shake-up the general insurance sector.
  
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• Europe: Major Events in the Russian Insurance Market in Q1 2015

  31-03-2015 13:50
  
  Paul Koshik Postonline Paul Koshik looks back at the first quarter of this year in the Russian insurance market
  
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• Watch now: compliance webinar available on demand

  31-03-2015 13:19
  
  See our free on demand discussion on compliance in SME trading, professional indemnity and the FCA now.
  
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• Further insurer run-off expected in Gibraltar as others plot arrival on The Rock

  31-03-2015 13:19
  
  Katie Marriner Postonline Several Gibraltar-based firms in danger of entering run-off are under intense regulatory scrutiny, according to market insiders, while the British overseas territory's financial watchdog says it has a number of interested parties on the hook to establish business on the peninsula.
  
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• Covéa sees GWP and profit rise

  31-03-2015 13:03 via insuranceage.co.uk
  
  Insurer's combined operating ratio improved to 97.8%.
  
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• Cyber Essentials: Practicalities for brokers

  31-03-2015 12:36
  
  Jack Elliot-Frey of brokers Safeonline shares tips for brokers on cyber insurance.
  
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• Covéa profit rises 40% despite ‘incredibly competitive market’

  31-03-2015 12:30
  Insurer cuts COR to 97.8% and reports 15% GWP growth
  
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• Covéa credits 'disciplined' pricing for 40% rise in 2014 pre-tax proift

  31-03-2015 12:22
  
  Callum BrodiePostonline A “disciplined approach to pricing” has been attributed to Covéa Insurance's improved combined operating ratio of 97.8% for 2014 (FY 2013: 98.7%).
  
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• ERS adds chief risk officer Ryan to the Board

  31-03-2015 12:20
  
  Tracey Jones Postonline Ryan Warren is to join ERS as chief risk officer and as a director of the Equity Syndicate Management Limited Board.
  
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• Outsourcer Pro Global returns to profit after restructuring

  31-03-2015 10:59
  Company makes £3.8m profit after £33.5m loss in 2013
  
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• Germanwings loss to maintain aviation market pricing pressure

  31-03-2015 10:56
  
  Katie Marriner Postonline Pricing in the aviation market is expected to remain competitive in spite of the Germanwings crash on 24 March, according to AM Best.
  
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• RSA's Hood resigns two months after taking on CDO role

  31-03-2015 10:55
  
  Callum BrodiePostonline RSA chief digital officer Ian Hood has resigned from the insurer just two months after taking on the role and has set his sights on a move to a different sector.
  
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• Digital Literacy: Let’s get digital

  31-03-2015 10:54
  
  Paul Irvin Postonline It’s good to talk – but it helps if you know what you’re talking about. Insurers need to be confident in their digital innovations or risk losing out to more literate competitors.
  
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• Insurers claims costs for French Alps crash to hit $300m

  31-03-2015 10:16
  According to insurance sources 30 insurers who will share the financial burden of the crash
  
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• Gotham doubtful over £637m price paid for Quindell unit

  31-03-2015 10:09
  Gotham City Research believed Slater and Gordon was going to pay far less for Quindell 
  
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• Pro Global to invest in growth in 2015 after year of restructuring

  31-03-2015 10:05
  
  Callum BrodiePostonline Service provider Pro Global Insurance Solutions delivered a total group profit of £3.8m last year, compared to a £33.5m loss in 2013, following the demerger of its run-off business.
  
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• Resistance to oil shocks behind UK's ranking in global resilience index

  31-03-2015 10:02
  
  Callum BrodiePostonline The UK remains the 20th most resilient country in the world in terms of economic, risk and supply chain qualities, according to the latest FM Global Resilience Index.
  
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• RSA's chief digital officer Ian Hood departs

  31-03-2015 09:55
  Hood had been in the role since January
  
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• Interview - Gilles Galludec: Learning to share

  31-03-2015 09:54
  
  Francesca Nyman Postonline Index insurance has come of age from its humble beginnings but more knowledge sharing is required if the market is to reach its potential, according to Gilles Galludec, program manager for the World Bank’s Global Insurance Index Facility.
  
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• Brokers withstand closure of Gibraltar motor insurer

  31-03-2015 08:30
  Service Insurance Company stopped writing new business last week
  
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• RAC telematics gets 92% accuracy score

  31-03-2015 08:24
  Transport Research Laboratory tested breakdown firm’s crash detection technology
  
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• Koh excited by Generali Asia marketing role

  31-03-2015 06:15
  
  Andrew Tjaardstra Postonline Tricia Koh has been confirmed as Generali Asia's head of value proposition and marketing after joining from Allianz Global Corporate & Specialty last December.
  
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• AIG sells $500m of PICC's shares

  31-03-2015 04:45
  
  Andrew Tjaardstra Postonline AIG will remain the largest shareholder of China giant PICC despite selling 254m shares for $500m (£338m).
  
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