Insurance news

• XL unveils venture capitalist product

  02-04-2015 17:22
  
  James Verrinder Postonline XL Group has launched a new venture capital initiative, XL Innovat
  
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• Flood Re chair Hoban to take home £150k in first year

  02-04-2015 16:52
  
  Katie Marriner Postonline Flood Re chairman Mark Hoban is to receive a salary of £150,000 for his first year of work for an expected commitment of approximately seven hours per week.
  
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• JLT takes 22 from Willis

  02-04-2015 15:56
  
  New recruits add to specie, fine art and jewellery team.
  
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• Covéa boss fears CMA 'failure' on credit hire will increase costs in 2015

  02-04-2015 15:46
  
  Francesca NymanPostonline The Competition and Market Authority’s failure to take action on credit hire costs following its private motor report last year risks spurring claims inflation, according to Covéa Insurance CEO James Reader.
  
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• James Reader: Covéa’s better 2014 results just one step of the journey

  02-04-2015 15:22
  Insurer aiming for further double-digit commercial growth in 2015 but expects motor slowdown
  
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• JLT raids 22 from Willis for specie team

  02-04-2015 15:01
  David Gordon will be appointed as chief executive of the specie, fine art and jewellery team
  
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• Cobra secures £6.9m refinancing deal with Clydesdale Bank

  02-04-2015 14:45
  
  Katie Marriner Postonline Cobra Group has secured a £6.9m debt refinancing with Clydesdale Bank with the aim of growing the business.
  
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• Covéa CEO pleased with “solid” results

  02-04-2015 14:21
  
  Sterling acquisition a great opportunity moving forward says chief executive James Reader.
  
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• Cobra secures £6.9m debt refinance with Clydesdale Bank

  02-04-2015 14:16
  
  Firm says package will allow it to focus on growth opportunities.
  
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• Further acquisitions not on Duperreault's radar at Hamilton

  02-04-2015 14:10
  
  James Verrinder Postonline Hamilton Insurance Group CEO Brian Duperreault is not planning any further acquisitions after completing a deal to buy Lloyd's operation MBA Sportscover Underwriting.
  
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• Fraud investigation firm VFM enters liquidation

  02-04-2015 14:01
  
  Francesca NymanPostonline Peterborough-based claims investigation firm VFM Services has gone into liquidation resulting in the redundancy of the firm's entire workforce, Post understands.
  
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• Cobra in £6.9m debt refinancing with Clydesdale Bank

  02-04-2015 13:46
  New money will allow company to focus on growth opportunities
  
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• 'Business as usual' after Integro buys NPA

  02-04-2015 13:38
  
  NPA director Bob Pybus says it will continue to pursue acquisitions and growth.
  
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• Blog: Who is in the running to take over from Sandy Scott as CII CEO

  02-04-2015 13:13
  
  Jonathan Swift Postonline The news this time last week that Sandy Scott was to step down as CEO of the Chartered Insurance Institute started the proverbial rumour mill as to who would be his replacement.
  
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• IGI targets untapped Middle East and African markets at it plots UK growth

  02-04-2015 12:06
  
  Francesca NymanPostonline International Insurance Group will eschew the saturated markets of Northern Europe and the United States as it looks to build its London operation, according to CEO Andreas Loucaides.
  
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• Pet insurance market forecast to reach £1.1bn by 2018

  02-04-2015 11:30
  
  Francesca NymanPostonline UK pet insurance premiums are forecast to reach £1.1bn by 2018 with market growth driven by rising vetinary fees, high claims costs and advances in vetinary treatment.
  
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• In pictures: Fraud Charter meeting - March 2015

  02-04-2015 11:05
  View our gallery of pictures from the first Fraud Charter meeting of 2015
  
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• Integro buys NPA Insurance Broking Group

  02-04-2015 10:41
  NPA controls annual premiums in excess of £30m
  
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• Charles Taylor completes Scottish Widows International purchase

  02-04-2015 09:57
  
  Katie Marriner Postonline Professional services firm Charles Taylor has completed its acquisition of Scottish Widows International, a business it has administered for the past eight years.
  
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• Fraud Charter: FOS should recover costs from complaints involving fraud

  02-04-2015 09:46
  Senior ombudsdman Melissa Colette (pictured) said the FOS can currently dismiss spurious claims, but does not have the power to recover costs
  
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• DUAL Marine and Energy announces CNA Hardy as underwriting partner

  02-04-2015 09:11
  The underwriting arm of the Hyperion Insurance Group has already begun writing business
  
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• Quiz of the week - 2 April

  02-04-2015 09:00
  Post Online Postonline Test your knowledge of this week's industry news stories with our just for fun quiz.
  
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• Insurance employees earn 12% more than brokers

  02-04-2015 08:49
  CII salary survey also highlights significant gender imbalance in pay
  
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• IAG increases stake in Indian insurer to 49%

  02-04-2015 08:14
  
  Andrew Tjaardstra Postonline Insurance Australia Group is taking advantage of new rules in India to increase its 26% stake in SBI General Insurance to 49%.
  
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• UK General seeks double-digit GWP growth from its three units

  02-04-2015 07:30
  MGA’s Rural unit aiming to be UK’s second-biggest agricultural insurer
  
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• UK General to cut commercial broker relationships to 250

  02-04-2015 07:27
  MGA had originally planned a reduction to 350 by April this year
  
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