Insurance news

• Zurich on the hook for loo seat compensation

  05-05-2015 18:23
  Insurer reduced size of claim from £1.75m to £341,000 
  
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• Increasingly complex risks spark calls for overarching leadership

  05-05-2015 18:00
  
  Callum BrodiePostonline Company boards should consider appointing “an executive voice” to focus on their organisations' most important and strategic risks, according to a report claiming that boards are failing to navigate increasingly complex risks.
  
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• Insurers ‘not yet at the table' to provide cyber solutions to customers

  05-05-2015 17:53
  
  James Verrinder Postonline Marsh's UK and Ireland CEO Mark Weil has told the insurance industry that it has more to do to prove to customers that it can provide solutions to the growing cyber threat that is hanging over clients' businesses.
  
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• Julie Rodilosso launches 'social-based insurance' for younger people

  05-05-2015 15:27 via insuranceage.co.uk
  
  Online facility will combine social content with products covering insurance, finance and telecommunications.
  
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• PE house takes 50% stake in telematics firm

  05-05-2015 14:42
  
  Francesca NymanPostonline New private equity firm Beech Tree Private Equity has agreed to take a 50% stake in RS Fleet Installations, the West- Midlands based telematics device installation firm.
  
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• Data protection key as insurers focus on improving online engagement

  05-05-2015 13:31
  
  James Verrinder Postonline Insurers have conceded they must overcome concerns regarding data protection breaches if they are to improve online customer service, following a survey that showed the sector is failing to adequately engage with consumers.
  
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• Data protection key as insurers seek to improve online engagement

  05-05-2015 13:31
  
  James Verrinder Postonline Insurers have conceded they must overcome concerns regarding data protection breaches if they are to improve online customer service, following a survey that showed the sector is failing to adequately engage with consumers.
  
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• Axa completes senior management team with northern hire

  05-05-2015 13:31
  
  New recruit brings experience from Towergate and Aon to the role.
  
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• AXA hires North regional director from Willis

  05-05-2015 13:25
  Lisa Bartlett’s appointment completes senior management team for AXA’s commercial regional branch network
  
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• Ex-Towergate director Bartlett becomes Axa's northern branch boss

  05-05-2015 12:37
  
  Callum BrodiePostonline Axa Commercial Lines and Personal Intermediary has finished compiling the senior management team for its branch operation with the appointment of Lisa Bartlett as regional director for the north.
  
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• Helvetia Group completes National Suisse Group takeover

  05-05-2015 11:54
  
  James Verrinder Postonline Helvetia Group's Swiss insurance units have now been merged following the takeover of the Nationale Suisse Group in late-2014.
  
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• Fraudster jailed following contempt of court judgement

  05-05-2015 11:41
  Dishonest moped rider claimed £50,000 from council for hitting a pothole
  
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• Fraudster gaoled following contempt of court judgement

  05-05-2015 11:41
  Dishonest moped rider claimed £50,000 from council for hitting a pothole
  
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• Tokio Marine Kiln unveils drone product

  05-05-2015 11:25
  
  James Verrinder Postonline Tokio Marine Kiln has launched what it claims is the first comprehensive insurance product for Unmanned Aerial Systems in the Lloyd's market.
  
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• Coalition's GI legacy one of progress and 'missed opportunities'

  05-05-2015 11:24
  
  Francesca NymanPostonline The diffuse mesothelioma payment scheme and Flood Re have been highlighted among the coalition government’s main achievements by industry insiders, with the lack of progress on young driver reforms named as a key disappointment of its five year tenure.
  
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• Principal selects Transactor for Ireland operation

  05-05-2015 11:16
  
  Broker says Transactor's software platform supports its business needs.
  
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• Cunningham Lindsey aims to forge greater local links with regional management structure

  05-05-2015 10:57
  
  Francesca NymanPostonline Cunningham Lindsey has unveiled a new regional management structure for its loss adjusting services team, designed to put a greater focus on the local delivery of the company’s wide range of technical skills, and create deeper local relationships with insurers and brokers across the UK.
  
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• Torus and LAU to write general aviation in the US

  05-05-2015 10:15
  
  Francesca NymanPostonline Torus and London Aviation Underwriters Form General Aviation Partnership in the US
  
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• Newly branded XL Catlin business launches global marketing campaign

  05-05-2015 10:04
  Campaign will reflect company’s strategy of trying to meet the demands of changing risks
  
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• ABI says that cyber insurance to be the norm by 2025

  05-05-2015 10:00
  
  James Verrinder Postonline Cyber insurance should become as common a purchase for UK businesses as property insurance within the next 10 years, the Association of British Insurers said today.
  
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• Towergate hires in Scotland

  05-05-2015 09:58
  
  Broker adds staff from Marsh and Central as it seeks to reinforce local market offering.
  
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• Towergate strengthens Scottish operations with senior hires

  05-05-2015 09:04
  Changes follow the completion of the Group’s recent recapitalisation
  
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• Jelf’s Barton lays out growth strategy in SME mid-market and corporate

  05-05-2015 09:04
  To compete in mid-market brokers must have a technically and highly competent consultative claims offering  - Phil Barton
  
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• Jelf’s Barton lays out growth battle plan in SME mid-market and corporate

  05-05-2015 09:04
  To compete in mid-market brokers must have a technically and highly competent consultative claims offering  - Phil Barton
  
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• In-depth: How do you solve a problem like professional liability?

  05-05-2015 09:00
  
  Edward Murray investigates how brokers can make inroads into the static, soft, and difficult to break into professional liability market.
  
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• C-Suite - Insurer: To the heart of the promise

  05-05-2015 09:00
  
  Richard Coleman Postonline As trading conditions remain challenging, the market must not forget the promise made to customers, says Richard Coleman.
  
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• Google: We are not here to disrupt insurance

  05-05-2015 08:46
  Google head of digital marketing Carolina Vicente told delegates at the Insurance Times Innovation and Disruption Conference 2015 that the search engine giant has ‘no plans’ to start offering insurance
  
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• Fairfax eyes 35% of Vietnam insurer

  05-05-2015 05:08
  
  Andrew Tjaardstra Postonline Toronto-based Fairfax Financial is set to buy a 35% stake in general insurer BIDV Insurance for an undisclosed sum.
  
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• Fairfax eyes 35% stake in Vietnam insurer

  05-05-2015 05:08
  
  Andrew Tjaardstra Postonline Toronto-based Fairfax Financial is set to buy a 35% stake in general insurer BIDV Insurance for an undisclosed sum.
  
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• XL Catlin begins "bold new world" marketing campaign

  05-05-2015 03:48
  
  Andrew Tjaardstra Postonline Following the completed merger of XL and Catlin, the combined entity XL Catlin has launched an "insurance for a bold new world" marketing campaign.
  
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