Insurance news

• Industry sets up mandatory personal injury enquiry service

  27-04-2015 16:52
  Claimant lawyers will need to sign up to service to put claims through RTA portal
  
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• Bluefin takes Sandy Reid from Towergate

  27-04-2015 16:42
  
  Reid is now branch manager of Bluefin's Southampton office.
  
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• Insurers and claimant solicitors partner on fraud initiative

  27-04-2015 16:37
  
  Katie Marriner Postonline Insurers have teamed up with claimant solicitors to offer a service aimed at preventing fraudulent claims entering the compensation process.
  
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• Bluefin hires manager for Southampton office from Towergate

  27-04-2015 16:25
  As the area advisory director in the Towergate South Coast Sandy Reid oversaw four branches
  
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• Brokers warned to protect client data

  27-04-2015 16:17
  
  Ruling means there is no longer a need to show financial loss to claim compensation following data breach.
  
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• Roundtable: Fintech Futures Part Two

  27-04-2015 16:01
  
  In the second part of our FinTech Futures roundtable we find out more about what the key disrupters in the insurance sector might be and some of the issues that impact on innovation.
  
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• Top three risks for the insurance industry revealed

  27-04-2015 16:00
  40% of insurance, investment and finance companies said they were ill-prepared for dealing with the biggest risks facing their company
  
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• Reputational damage tops the list of biggest global risks

  27-04-2015 16:00
  The Aon Global Risk Management Surveys reveals what risks businesses are most concerned about across the world
  
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• Claims service is biggest selling point for insurance buyers

  27-04-2015 16:00
  Aon survey reveals insurance buying habits
  
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• JM Glendinning sets up professional risks arm with hire from Willis

  27-04-2015 14:41
  Jake Fox will join JM Glendinning as managing director of its new professional risks business in October
  
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• UK's big four banks face extra £19bn in fines, analysts predict

  27-04-2015 14:01
  
  Ratings agency Standard & Poor’s estimates total costs for Barclays, HSBC, RBS and Lloyds on top of £42bn already paid in the five years to 2014The UK’s big four high street banks face another £19bn of conduct and litigation charges by the end of 2016 as they continue to pay the price for past mistakes, according to analysts. The estimates, from ratings agency Standard & Poor’s, are for Barclays, HSBC, the Royal Bank of Scotland and Lloyds Banking Group. They come on top of
  
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• Trade union to protest at Ageas office over Belfast closure

  27-04-2015 13:57
  CWU to stage demonstration outside insurer’s Bournemouth office
  
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• Moody's puts Willis' debt rating on negative watch following Gras Savoye deal

  27-04-2015 13:39
  
  Francesca NymanPostonline Moody's Investors Service has revised the outlook on the BAA3 senior unsecured debt rating of Willis Group and its subsidiaries to negative from stable.
  
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• Brokers sign letter backing Tories

  27-04-2015 13:32
  
  The letter, signed by 5,000 small business owners, was sent to The Telegraph.
  
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• Collinson acquires Specialty Assist

  27-04-2015 13:20
  
  James Verrinder Postonline Collinson Group has acquired corporate assistance specialist Specialty Assist, subject to regulatory approval.
  
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• Moody's changes Willis's rating outlook to negative from stable

  27-04-2015 13:20
  
  The ratings agency said the move reflects broker's relatively high financial leverage.
  
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• Synthetic Biology: The dark side of DNA

  27-04-2015 13:17
  
  Sam Barrett Postonline For all the good that synthetic biology could do, concerns persist that in the wrong hands, it could also be a potent weapon.
  
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• General Election 2015: The ties that bind

  27-04-2015 13:05
  
  David Worsfold Postonline Concerns that political influence is for sale refuse to go away. But could the system really be changed to stop MPs having outside business interests?
  
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• Trade union to protest at Ageas HQ over call centre closure

  27-04-2015 13:00
  
  James Verrinder Postonline The Communication Workers' Union will hold a protest at Ageas' Bournemouth headquarters this afternoon, (27 April) over plans to close a call centre in Belfast.
  
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• Experts warn insurance falling behind on tech

  27-04-2015 12:57
  
  Insurance Age FinTech Futures roundtable finds that insurers and brokers are sometimes lacking on digital issues.
  
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• GI firms join call for Tories to 'finish what they have started'

  27-04-2015 12:34
  
  Callum BrodiePostonline Insurance industry bosses are listed among more than 5000 SME signatories backing the Conservative party ahead of next week’s general election.
  
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• Moody’s turns negative on Willis ratings over Gras Savoye plan

  27-04-2015 12:29
  Willis planning to buy the remaining 70% of French broking group for €550m
  
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• RSA investor angered over Hester pay package

  27-04-2015 12:19
  
  Katie Marriner Postonline RSA investor Cevian Capital has indicated it may vote against CEO Stephen Hester's remuneration package, according to reports.
  
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• Crash-for-cash fraudsters jailed

  27-04-2015 12:06 via insuranceage.co.uk
  
  MIB and IFB say sentencing should serve as "powerful warning to would-be fraudsters".
  
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• Sharma pledges to keep Zurich on track

  27-04-2015 11:50 via insuranceage.co.uk
  
  Vibhu Sharma insists “our focus remains unchanged” as he takes up role as CEO for UK general insurance in part one of our interview.
  
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• Fourteen sentenced in £1m crash for cash scam

  27-04-2015 11:35
  Between October 2010 and February 2012 seven collisions with First Buses in Chester were organised
  
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• LV= chief hails ‘strong start’ for GI unit despite flat Q1 premiums

  27-04-2015 11:29
  Growth in commercial and other GWP offsets slump in home and motor
  
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• Industry bodies welcome sentencing of cash for crash scheme fraudsters

  27-04-2015 11:16
  
  James Verrinder Postonline The Motor Insurers' Bureau and the Insurance Fraud Bureau have welcomed the sentencing of insurance fraudsters for staging elaborate ‘crash for cash' insurance scams totaling over £1m.
  
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• BGL founder Steyn ahead of Engelhardt and Wood in rich list

  27-04-2015 11:09
  
  Callum BrodiePostonline BGL founder Douw Steyn is the richest individual in the world of insurance after accumulating a fortune of £700m, according to the 2015 Sunday Times rich list.
  
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• RSA's Hester facing investor backlash over pay

  27-04-2015 10:42
  Investors have criticised the bonus paid to chief executive Stephen Hester as part of his long-term incentive package (LTIP)
  
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• Colahan opens Berkshire's commercial Australian operations

  27-04-2015 10:35
  
  Andrew Tjaardstra Postonline Berkshire Hathaway Specialty is aiming to shake up the large corporate space in Australia after being granted a license to write business.
  
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• BHS suppliers facing trade credit insurance cuts

  27-04-2015 10:30
  Retailer has sought to reassure insurers by signing deals with two new suppliers
  
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• North of the Border: Informed consent appeal allowed

  27-04-2015 10:27
  
  Stephanie Denton Postonline Times have changed for the doctor/patient relationship –material risks must be disclosed.
  
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• C-Suite Insurer: It’s a question of time

  27-04-2015 10:14
  
  Nigel Bamber Postonline Don’t switch off. This is not a party political broadcast
  
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• BGL founder tops insurance rich list with £700m wealth

  27-04-2015 09:55
  Douw Steyn joins six other insurance names on the Sunday Times Rich List
  
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• Brit appoints South America expert from Swiss Re

  27-04-2015 09:41
  
  Andrew Tjaardstra Postonline Guillermo Eslava has left Swiss Re to become vice president, casualty reinsurance for South America and the Caribbean at Brit.
  
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• Regulatory 'interference' seen as key risk as Jefferies issues downgrades

  27-04-2015 09:34
  
  Callum BrodiePostonline The decline in investment yields and erosion of future earnings potential has led to the unravelling of the re-rating of the insurance sector, according to the global investment banking firm Jefferies.
  
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• Brokers increasing reliance on schemes - survey

  27-04-2015 09:00
  UK General study finds 16% rise in brokers generating more than 60% of their GWP through schemes
  
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