Insurance news

• 150 jobs facing axe at Arrons Banks-owned Eldon Insurance

  02-06-2015 19:47
  Eldon Insurance Services has 500 staff across sites in Newcaste and Bristol 
  
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• 150 jobs facing axe at Arron Banks-owned Eldon Insurance

  02-06-2015 19:47
  Eldon Insurance Services has 500 staff across sites in Newcaste and Bristol 
  
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• Brokers urged to keep delegated authority records

  02-06-2015 16:28
  
  Sector urges intermediaries to keep accurate records following FCA review and calls for further work ahead of Solvency II.
  
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• Covéa to decide on Sterling Insurance brand by end of Q3

  02-06-2015 16:26
  
  James Verrinder Postonline Covéa will make a decision about whether to keep the Sterling name later in the year after it has consulted with brokers, its CEO has said.
  
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• Gable in talks to create UK motor underwriting operation

  02-06-2015 16:06
  
  Katie Marriner Postonline Gable Insurance is in discussions with former Service Insurance Company director Beverley Shreeve about creating an underwriting operation for UK motor under the Gable brand, Post understands.
  
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• All options still on the table for add-on market - FCA

  02-06-2015 16:03
  Regulator denies it has scrapped plans for insurer to publish claims ratios
  
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• Disaster Response Forum 2015 – speaker: Arun Padannakkot

  02-06-2015 15:46
  Post Online Postonline Arun manages household claims for Allianz UK. He has 15 years of experience in the insurance industry, including P&C Insurance and Health Insurance.
  
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• Penny Black’s Insurance Week - 4 June 2015

  02-06-2015 14:53
  
  Penny Black Postonline Penny is rather partial to a bit of fine dining - particularly when it's taking place in Europe's highest garden space - so she jumped at the chance to lunch with some of Crawford & Co's finest at Fenchurch Street's Sky Garden.
  
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• Lark aiming for three in a row at UK Broker Awards

  02-06-2015 14:52
  
  Company hoping to repeat winning Private Clients Broker Award last year.
  
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• BP Marsh continues to grow as new investments bed in

  02-06-2015 14:05
  Firm will look to further overseas investments to diversify its portfolio
  
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• FCA reconsiders claims ratios for add-on products following industry backlash

  02-06-2015 13:38
  
  Katie Marriner Postonline The Financial Conduct Authority has backed down from its intention to require general insurers to publish claims ratio information for add-on products and plans to publish a discussion paper addressing alternative options in “the coming weeks”.
  
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• Career development: Recognition for Chaucer's graduate scheme

  02-06-2015 13:30
  
  James Verrinder Postonline Chaucer, the specialist Lloyd's insurance group, has been chosen as the ‘top company for graduates to work for in accountancy and insurance', for companies that take on less than 30 graduates a year, by The Job Crowd, a UK-based graduate job review website.
  
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• Career Development: Autonet's class of 2015 complete traineeship

  02-06-2015 13:27
  
  James Verrinder Postonline On 21 May, Autonet Insurance's Traineeship programme for 11 successful candidates was marked by a celebratory lunch held at its head office in Nile Street, Burslem.
  
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• Career file - Stuart Davies: Davies takes Canopius CEO position

  02-06-2015 13:24
  
  James Verrinder Postonline Stuart Davies has resigned from his position as managing director of Aegis London and will take up the position of group CEO at Canopius. Davies had been with the company for a decade.
  
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• Born Yesterday: Will millennials disrupt the insurance industry?

  02-06-2015 13:22
  Download the full research report from Dr Paul Redmond on how the emerging generations will change the way the insurance industry interacts with customers
  
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• CII claims group calls for flood certificate prototype by 2016

  02-06-2015 13:19
  
  Francesca NymanPostonline The Chartered Insurance Institute new generation claims group has set a deadline of 2016 for the creation of a flood resilience certificate for household properties.
  
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• Market Moves - 4 June 2015

  02-06-2015 13:18
  
  James Verrinder Postonline Who has moved where in the world of insurance this week?
  
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• Shipping Containers: shipping forecast

  02-06-2015 12:54
  
  Peregrine Storrs-Fox Postonline The practice of insuring port terminals and shipping containers can bring unique risks and challenges.
  
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• Legal Update: Time to get organised

  02-06-2015 12:45
  
  Peter Allchorne Postonline The Insurance Fraud Taskforce must work with the industry to educate customers, claims Peter Allchorne
  
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• Motor Repair Research: Crash test monies

  02-06-2015 12:39
  
  Chris Wheal Postonline Thatcham provides an invaluable service for motor insurers. But who exactly is paying for it and, more to the point, who isn’t?
  
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• Ageas hires underwriter from ERS

  02-06-2015 11:36
  Rob Clark will bring his motor underwriting experience to Ageas
  
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• Ageas hires "ideal addition" underwriter from ERS

  02-06-2015 11:36
  Rob Clark will bring his motor underwriting experience to Ageas
  
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• BP Marsh increases profit to £4.9m for 2014

  02-06-2015 11:22
  
  Francesca NymanPostonline Niche venture capital provider BP Marsh & Partners posted profit after tax of £4.9m for the year to 31 January 2015, its audited financial results showed.
  
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• Aon Risk Services research finds SMEs ignoring internal risks

  02-06-2015 11:13
  
  James Verrinder Postonline Small business leaders in the UK are more concerned with the impact of market and political risks than internal ones, according to new research from Aon Risk Solutions.
  
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• Hiscox CEO Masojada takes on NED role at Pool Re

  02-06-2015 11:07
  
  Callum BrodiePostonline Pool Re has appointed Hiscox CEO Bronek Masojada as non-executive director for the government-backed terrorism scheme.
  
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• Getting his kicks on Route 66

  02-06-2015 10:59
  
  Charles Manchester starts his motorcycle road adventure in the US.
  
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• Pool Re appoints Bronek Masojoda as non-exec director

  02-06-2015 10:46
  Masojoda is currently a member of the ABI board
  
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• Pool Re appoints Bronek Masojada as non-exec director

  02-06-2015 10:46
  Masojoda is currently a member of the ABI board
  
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• Insurance claims for Australian storms total £2.5bn

  02-06-2015 10:35
  The Insurance Council of Australia announced the figures, stretching back to last November
  
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• Insurance claims for Australian natural disasters total £2.5bn

  02-06-2015 10:35
  The Insurance Council of Australia announced the figures, stretching back to last November
  
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• Australian storm claims reach £2.5bn since November

  02-06-2015 10:35
  The Insurance Council of Australia says fresh claims continue to come in
  
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• Brokers failing on delegated authority

  02-06-2015 10:18
  
  FCA says intermediaries and insurers did not appear to have adequately considered their regulatory obligations.
  
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• Due diligence failings revealed by FCA’s delegated authority review

  02-06-2015 10:18
  
  Francesca NymanPostonline Many insurers and intermediaries are not adequately considering their regulatory obligations under delegated authority arrangements, according to the Financial Conduct Authority.
  
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• Insurers ignore regulatory obligations when outsourcing work - FCA

  02-06-2015 09:54
  The FCA found several firms failed on due diligence when delegating 
  
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• Insurers failing to consider regulation when outsourcing work - FCA

  02-06-2015 09:54
  The review by the FCA found several firms failed on due diligence when delegating 
  
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• Insurers fail to recognise regulation when outsourcing work, FCA study shows

  02-06-2015 09:54
  The review, conducted by the FCA, found a number of firms failed in due dilligence when delegating work
  
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• Insurers fail to recognise regulation when outsourcing work - FCA

  02-06-2015 09:54
  The review, conducted by the FCA, found a number of firms failed in due dilligence when delegating work
  
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• SME bosses worry too much about "the big picture" - Aon study

  02-06-2015 09:38
  Politics and market movements are SME bosses’ main concerns
  
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• SME bosses worry too much about "the big picture", a study has found

  02-06-2015 09:38
  The study, conducted by Aon, showed politics and market movements as SME bosses main concerns
  
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• AXA wins fans with 'cool' Apple Watch telematics app

  02-06-2015 09:04
  AXA’s technology partner for Apple Watch telematics app believes new release is a winner 
  
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• C-Suite: Asia remains engine of global growth

  02-06-2015 05:43
  
  Fabrice Desnos, Euler Hermes Postonline Euler Hermes expects the Asia-Pacific region to drive global growth in 2015 although a slowdown in payments in China is a concern.
  
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• Australia's insurers swamped by 160,000 claims from April and May storms

  02-06-2015 04:15
  
  Andrew Tjaardstra Postonline Australia's insurers are counting the cost of April and May after their insurance claims surpassed A$1.55bn (£0.78bn).
  
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