Insurance news

• Life sciences insurers facing recruitment challenges

  11-06-2015 17:52
  
  Francesca NymanPostonline Ensuring those who write life science policies remain up-to-date with the latest scientific developments is a key challenge, with those who work in-house often finding themselves out of the loop on key developments.
  
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• LMA, IUA publish guide to new Insurance Act

  11-06-2015 17:38
  Guidance on new burdens on business clients and consumer rights
  
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• Aon appoints new MD to global risk consultancy arm

  11-06-2015 16:52
  Grant Foster will replace David Crofts as  managing director of the Aon Global Risk Consulting (AGRC UK) team in the UK
  
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• Marsh placement and development boss Patston joins Touchstone

  11-06-2015 16:45
  
  Callum BrodiePostonline Seventeen Group subsidiary Touchstone Underwriting has hired Marsh’s placement and development leader Mike Patston as divisional director of liability and construction.
  
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• Touchstone Underwriting hires Marsh head of placement

  11-06-2015 16:41
  Mike Patson will join as divisional director of liability and construction on 15 June
  
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• Osborne pledges London will lead world in insurance, reinsurance

  11-06-2015 16:21
  Outlines five year plan to bolster financial services
  
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• AIG warns of shifting causes of loss through ‘internet of things'

  11-06-2015 16:16
  
  Katie Marriner Postonline The "internet of things" has the potential to shift the root causes of loss to new, untested arenas, according to an AIG report released today (11 June).
  
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• AEGIS makes internal promotion for managing director role

  11-06-2015 16:13
  David Croom-Johnson replaces Stuart Davies who has joined Canopius as group chief executive
  
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• David Perry moves to Minority Venture Partners

  11-06-2015 14:38 via insuranceage.co.uk
  
  Perry formerly worked for Towergate.
  
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• LMA and IUA publish Insurance Act guide

  11-06-2015 14:26 via insuranceage.co.uk
  
  Guide details changes and potential challenges brought about by the Act.
  
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• Insurers scrutinising cyber policies amid personal liability risk to directors

  11-06-2015 14:24
  Following a cyber attack company directors could be personally exposed to lawsuits
  
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• Insurers scrutinise cyber policies amid personal liability risk to directors

  11-06-2015 14:24
  Declining rates and rising risks of D&O cyber liability could impact insurer margins
  
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• IT upgrade ‘central' to ERS's transformation

  11-06-2015 13:32
  
  Katie Marriner Postonline Specialist motor insurer ERS has invested £20m on an IT upgrade it says was a central part of the business's overall transformation.
  
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• Directors could be held personally liable for cyber attacks

  11-06-2015 13:32
  
  Francesca NymanPostonline Company directors and officers could be personally exposed to lawsuits, shareholder actions and regulatory activity if they are found to have breached their duty in the wake of a cyber-attack, according to Marsh.
  
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• Cooke & Mason's pre-tax profit rises by 53% for 2014

  11-06-2015 13:31 via insuranceage.co.uk
  
  Managing director David Charles says driver behind the results is a high customer retention rate resulting in organic growth.
  
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• MSL Group expands legal expenses sales team

  11-06-2015 13:01
  Legal expenses insurance group makes two new appointments
  
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• Towergate makes internal promotion to support broking division growth

  11-06-2015 12:57
  As business development director Carolyn Callan will help to develop growth strategy
  
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• Internet of Things offers huge opportunity for insurers - AIG

  11-06-2015 12:04
  Looming revolution opens up new risk exposures
  
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• Ex-QBE underwriter Ash Bathia joins Lloyd's syndicate

  11-06-2015 12:00
  
  Bathia will become the active underwriter for the Capita-led syndicate.
  
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• Ex-QBE chief Ash Bathia joins Lloyd's syndicate

  11-06-2015 12:00 via insuranceage.co.uk
  
  Bathia will become the active underwriter for the Capita-led syndicate.
  
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• Towergate Insurance Brokers hires Carolyn Callan

  11-06-2015 11:59 via insuranceage.co.uk
  
  Callan takes on newly created business development and marketing director role.
  
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• Organised fraud up 28% in 2014 - Aviva

  11-06-2015 11:49
  Aviva is finding that one-in-nine claims is tainted by fraud
  
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• Osborne confirms support for insurance sector in Mansion House speech

  11-06-2015 11:41
  
  Katie Marriner Postonline Chancellor of the Exchequer George Osborne reiterated the government's commitment to making the City of London the leading centre for insurance and reinsurance business in his annual Mansion House Speech last night (10 June).
  
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• Aviva finds fraudulent claims totalled £95m in 2014

  11-06-2015 11:39
  
  James Verrinder Postonline Aviva has detected more than 14,000 fraudulent claims, totalling £95m, over the course of 2014.
  
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• Fidelis model could usher in era of 'responsible underwriting,' says Brindle

  11-06-2015 10:43
  
  Francesca NymanPostonline The business model pioneered by new insurance start-up Fidelis could stoke a move towards more “responsible underwriting”, according toCEO and chief underwriting officer Richard Brindle.
  
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• AIG sells Taiwan personal lines and SME book for $158m

  11-06-2015 10:40
  
  Andrew Tjaardstra Postonline AIG has decided to focus on large commercial risks in Taiwan after agreeing to sell its personal lines and SME book to Nan Shan Life for $158m (£102m).
  
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• Independent brokers to benefit from R&Q's delegated authority platform

  11-06-2015 09:56
  
  Katie Marriner Postonline R&Q Commercial Risk Services has launched a delegated authority platform targeting independent brokers.
  
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• Ex-QBE heavyweight Ash Bathia plots big with Lloyd’s return

  11-06-2015 09:32
  Former QBE property and casualty boss thinks big with new Capita and Istmo Re Lloyd’s syndicate 
  
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• ERS completes £20m IT transformation

  11-06-2015 08:30
  The changes mean the insurer is completely free of legacy systems
  
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• Zurich's global CEO "deeply regrets" Lehmann's departure

  11-06-2015 07:43
  
  Andrew Tjaardstra Postonline Alex Lehmann, Zurich's chief risk officer and chairman of Europe, Middle East and Africa, will leave the insurer by the end of the year.
  
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• Analysis: Asia's high growth markets

  11-06-2015 04:10
  
  Nicky Burridge Postonline Insurers see high growth potential in several large countries across Asia although caution is needed writes Nicky Burridge.
  
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• Now Compare parent to launch insurance company and Frank Bruno ad campaign

  11-06-2015 03:41
  
  Jonathan Swift Postonline The Hong Kong-headquartered broking group Alliance has received approval to launch its own insurance company in the third quarter of 2015.
  
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