Insurance news

• Temple victorious in ATE premium High Court dispute

  03-06-2015 16:06
  
  Katie Marriner Postonline Temple Legal Protection has won a High Court dispute that confirmed its after the event premium for clinical negligence insurance policies in the post-Legal Aid, Sentencing and Punishment of Offenders Act 2012 era was not unreasonable or disproportionate.
  
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• ATE underwriter Temple wins premium recovery in High Court

  03-06-2015 14:38
  Court found that premium in clinical negligence case was reasonable
  
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• Human error to blame for 75% of cyber breaches at large firms

  03-06-2015 13:48
  
  Francesca NymanPostonline Human error continues to feature heavily in cyber breaches despite increased staff training, according to a new report.
  
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• LV employee joins IFED

  03-06-2015 13:24 via insuranceage.co.uk
  
  Technical controller seconded to City of London Police to work with Insurance Fraud Enforcement Department.
  
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• LV's Crabtree to start Ifed secondment in May

  03-06-2015 13:20
  
  Katie Marriner Postonline LV has funded claims crime prevention team technical controller Matt Crabtree to undertake a six month secondment to the Insurance Fraud Enforcement Department.
  
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• LV= insurance fraud investigator seconded to IFED

  03-06-2015 13:19
  Matt Crabtree’s secondment to IFED will help to strengthen ties between police unit and the industry
  
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• AIG promotes Angus Marshall to UK M&A manager

  03-06-2015 13:08
  Marshall joined insurer in 2013 as M&A underwriter
  
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• Blog: The threat in the skies - have cyber attackers boarded the plane?

  03-06-2015 12:00
  
  Jack Elliott-Frey Postonline The aviation industry is fast becoming one of the hottest areas of interest among the cyber community - particularly insurers - as the risk profile to airplanes and carriers increases.
  
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• 150 jobs at risk at Go Skippy owner Eldon

  03-06-2015 11:49 via insuranceage.co.uk
  
  Parent group Eldon confirms that roles could be relocated to South Africa as staff are put on notice.
  
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• Poor 2014 insurance results at Eldon spark South Africa trial move

  03-06-2015 11:46
  
  Callum BrodiePostonline Staff at Eldon Insurance Services have been told that poor results within the insurance business last year are to blame for the decision to move all live functions to South Africa for a trial period.
  
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• #Biba Fever - Episode 8: The last word on the conference from Gary Humphreys

  03-06-2015 11:43 via insuranceage.co.uk
  
  Three weeks after the British Insurance Brokers’ Association conference, Insurance Age met up with Markerstudy’s Gary Humphreys to get the final word on the 2015 event.
  
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• McEwan aids Aon on SME push

  03-06-2015 11:34 via insuranceage.co.uk
  
  Former Scotland and Northern Ireland head for Arthur J Gallagher to focus on broker’s SME growth.
  
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• Axa and Lockon join forces to win Regis property deal

  03-06-2015 11:14
  
  Francesca NymanPostonline Axa is to provide insurance for property group Regis’ ground rent portfolio following a deal with Lockton.
  
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• Edward Nicholl retires as chairman of Lycetts

  03-06-2015 11:07 via insuranceage.co.uk
  
  He joined the broker in 1973.
  
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• Vienna Insurance Group subsidiary agrees Bulgarian acquisition

  03-06-2015 10:58
  
  James Verrinder Postonline Vienna Insurance Group has agreed a deal to acquire Bulgarian firm UBB-AIG through its subsidiary, Bulstrad.
  
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• FCA defends secondments with ‘Big Four’ accountants

  03-06-2015 10:53 via insuranceage.co.uk
  
  Regulator says secondments to and from Deloitte, KPMG, PwC, and Ernst & Young bring critical skills and knowledge.
  
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• Shipowners Mutual posts 94.6% COR after strategic withdrawal

  03-06-2015 10:01
  
  Francesca NymanPostonline Marine mutual Shipowners Club posted a combined ratio of 94.6% for the twelve months to February 2015, amid high business retention levels and increased membership numbers.
  
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• Hastings hires customer claims director

  03-06-2015 09:48
  Matthew Stevens joins from Bupa Global
  
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• Solvency II ‘will hurt mutuals’

  03-06-2015 09:39
  Former JLT pension head Mark Wood predicts M&A wave as a result of new capital rules
  
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• Gable chief's pay rises 8% despite losses

  03-06-2015 09:21
  William Dewsall was paid £924,000 in 2014
  
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• PICC is lead insurer for China Yangtze shipping disaster

  03-06-2015 09:09
  
  Andrew Tjaardstra Postonline PICC has confirmed it is the lead insurer for the stricken Eastern Star ship that sank in the Yangtze river on Monday night.
  
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• Eldon to move all live functions to South Africa for trial period

  03-06-2015 09:05
  Company will ‘significantly reduce’ UK workforce if trial succeeds
  
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• IAG eyes India stake increase after Indonesia buy

  03-06-2015 04:43
  
  Andrew Tjaardstra Postonline Insurance Australia Group is in discussions to increase its stake in SBI General Insurance in India to 49%.
  
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• IAG's India stake increase on track after Indonesia buy

  03-06-2015 04:43
  
  Andrew Tjaardstra Postonline Insurance Australia Group is in advanced discussions to increase its stake in SBI General Insurance in India to 49%.
  
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