Insurance news

• Pair sentenced for fraudulent whiplash claim against Admiral

  16-06-2015 17:59
  One of the fraudsters was an ex-Admiral employee
  
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• Industry committed to sharing economy despite Uber breach

  16-06-2015 16:59
  
  James Verrinder Postonline The British Insurance Brokers' Association remains committed to the sharing economy, despite a breach in taxi company Uber's insurance document approval policy.
  
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• Pool Re to encourage non-members to offer mitigation credit

  16-06-2015 16:52
  
  Katie Marriner Postonline Pool Re hopes to convince non-member insurers to offer the 2.5% loss mitigation credit on premiums made available through a counter terrorism initiative launched by government yesterday (15 June).
  
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• Ex-Admiral employee guilty of trying to defraud her former company

  16-06-2015 16:43
  
  Callum BrodiePostonline A former Admiral member of staff has received a suspended custodial sentence for her part in a personal injury scam involving her ex-employer.
  
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• Airmic 2015: ‘Insurance cycles are dead’ say industry leaders

  16-06-2015 15:41
  The influx of alternative capital has ended cyclical insurance pricing, say experts at Airmic conference 2015
  
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• Airmic 2015: Airmic launches guides to success and reputational risk

  16-06-2015 15:24
  Association hopes reputational risk guide will trigger development of more insurance products
  
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• Airmic 2015: Businesses must expect high premiums for critical insurance

  16-06-2015 15:22
  Companies should have a secure contract for business-critical insurance, even if that means higher premiums
  
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• Airmic 2015: UK risk managers struggle to find cover for biggest worries

  16-06-2015 15:20
  Airmic survey shows most cannot get appropriate cover for chief concerns
  
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• Marsh: Brokers need to do more to help firms understand cyber

  16-06-2015 14:16
  
  Broker carried out survey of large and medium-sized organisations.
  
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• Tesco Underwriting chief executive resigns

  16-06-2015 13:46
  Geoff Carter to take up ‘another senior position within the industry’
  
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• Geoff Carter resigns from Tesco Underwriting

  16-06-2015 13:10
  
  James Verrinder Postonline Tesco Underwriting has announced the resignation of Geoff Carter, CEO, who will take up another senior position within the industry later this year.
  
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• Career development: Arag wins Employer Award

  16-06-2015 13:05
  
  James Verrinder Postonline Arag has won the Employer Award at this year's Adult Learners' Week Festival of Learning, South West Region. The judges applauded the way in which Arag embeds learning into its everyday work.
  
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• Aviva: Brokers won't be affected by office closures

  16-06-2015 13:04 via insuranceage.co.uk
  
  Changes in the Greater Manchester area to affect hundreds of staff.
  
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• Public support for Medco provides fillip for industry backers

  16-06-2015 13:00
  
  James Verrinder Postonline Defence of Medco by insurers and the defendant legal community appears to have been vindicated by the public's support of the independent medical panel.
  
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• Video: Qualifications in the broking sector

  16-06-2015 12:57
  
  Tracey Jones Postonline As the regulator becomes more present in the insurance industry, the role of qualifications within the broking sector is looming larger.
  
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• Market Moves - 18 June 2015

  16-06-2015 12:55
  
  James Verrinder Postonline Find out who has moved where in the insurance industry in this week's Market Move's column.
  
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• Expertise from A-Z: Knowledge is power

  16-06-2015 12:48
  
  Continuing professional development is increasingly important, and qualifications and chartered status can help firms shine brighter.
  
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• Expertise From A-Z: Going for gold

  16-06-2015 12:34
  
  As customers demand greater service and products, well-trained employees can provide the vital difference in creating a gold standard.
  
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• Motorists back Medco as a force for driving down whiplash claims

  16-06-2015 12:17
  
  Callum BrodiePostonline The role of Medco as a tool to reduce the number of people lodging whiplash claims has been backed by 79% of 16,863 drivers polled by the AA.
  
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• AA: Drivers welcome MedCo launch

  16-06-2015 12:15
  But survey finds that the new medical panel alone is enough to combat spurious whiplash claims
  
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• C-Suite Broker: Just a little respect

  16-06-2015 12:03
  
  Francois Xavier Boisseau Postonline The industry already provides excellent service, but joined-up thinking will lead to mutual respect, says Francois Xavier Boisseau.
  
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• Sixteen fraudsters sentenced for insurance scam

  16-06-2015 11:52 via insuranceage.co.uk
  
  The crooks were imprisoned, received suspended jail terms or community sentences at Manchester Crown Court.
  
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• Admiral appoints White Mountains exec to board

  16-06-2015 11:35
  Insurer hopes to tap Manning Rountree’s US insurance experience
  
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• Boards must be more active in delegated authority oversight

  16-06-2015 11:29
  
  Francesca NymanPostonline The boards of insurers who use delegated authority arrangements must take a more active role in their oversight, following the “warning shot” from the Financial Conduct Authority over such arrangements, compliance experts have warned.
  
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• Aviva to cut jobs as a result of office closures

  16-06-2015 11:26
  Insurer to reduce presence in Manchester and close offices in Salisbury, Stretford and Salford.
  
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• Aviva to close three sites in Manchester

  16-06-2015 11:26 via insuranceage.co.uk
  
  Closures will result in staff redundancies.
  
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• Recycling: A smoking gun

  16-06-2015 11:24
  
  James Verrinder Postonline The plumes of smoke staining the skyline are often signs that a scrap metal yard or warehouse full of recyclate has caught fire. While it’s a distraction for the bored commuter, this troublesome sector leaves underwriters scratching their heads.
  
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• Harris Balcombe to assist Islamic State war zone claim

  16-06-2015 11:24
  Korea Gas appoints London firm to help with claim after problems with reinsurers
  
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• Uninsurable risk: No-go zone

  16-06-2015 10:56
  
  Rachel Gordon Postonline According to businesses, six of the top 10 risks facing them are deemed uninsurable. Are insurers being innovative enough to address the problem?
  
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• Esser steps down from Cooper Gay Swett & Crawford

  16-06-2015 10:48
  
  Group CEO Toby Esser to exit role following 30 years with the company but remains shareholder.
  
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• Industry experts question Brindle's call to arms following Fidelis launch

  16-06-2015 10:38
  
  Katie Marriner Postonline Capital raising-ability and difficulties in obtaining a credit rating have been cited as barriers to other insurance companies emulating the business model employed by Richard Brindle's new $1.5bn (£964m) start-up Fidelis.
  
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• ABI calls for NIHL claims to go through Claims Portal

  16-06-2015 10:00
  
  James Verrinder Postonline The Association of British Insurers has warned that thousands of people are being led to believe they can get compensation for hearing problems.
  
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• Interview: Huw Evans: Climbing the ladder

  16-06-2015 09:53
  
  Katie Marriner Postonline Four months after his appointment as Association of British Insurers director general, Huw Evans tells Post his plans for the trade body and how he intends to make being a member worthwhile.
  
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• Tearful Aviva staff look to Unite amid job losses

  16-06-2015 09:52
  Union wants clarity with majority of 780 jobs expcted to go
  
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• AIG’s $182bn bailout ruled ‘unlawful’

  16-06-2015 09:52
  Court ruling is a partial victory for former chief executive Hank Greenberg
  
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• Airmic 2015: Less than a fifth of firms fully understand cyber exposure

  16-06-2015 09:18
  More work needs to be done by brokers to help companies understand their exposure to an attack
  
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• ABI warns of rise in ‘opportunistic’ deafness claims

  16-06-2015 09:12
  Noise-induced hearing loss claims rose 189% between 2011 and 2014, new report finds
  
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• Toby Esser leaves Cooper Gay Swett & Crawford

  16-06-2015 08:46
  Chief executive has been with the company for more than 30 years
  
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• Greenberg wins AIG lawsuit but no payout

  16-06-2015 08:09
  
  Andrew Tjaardstra Postonline Hank Greenberg has won his four year lawsuit against the US government over the terms of AIG's bailout but Judge Thomas Wheeler awarded no damages.
  
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• Asia C-Suite: Insuring the Alibabas of tomorrow

  16-06-2015 05:57
  
  Stuart Spencer, ZurichPostonline Prioritising flexible cover for SMEs in Asia-Pacific will help drive economic growth and innovation in the region argues Zurich's Stuart Spencer.
  
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• Aviva to close three Manchester sites after Friends Life acquisition

  16-06-2015 05:03
  
  Andrew Tjaardstra Postonline A "large majority" of Aviva's 780 strong Greater Manchester workforce are set to be made redundant following the completion of the Friends Life acquisition.
  
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• Buffett's IAG deal gives Berkshire Hathaway platform for Asia-Pacific growth

  16-06-2015 04:31
  
  Andrew Tjaardstra Postonline Warren Buffett has agreed for Berkshire Hathaway to take a 3.7% in IAG in exchange for the Australian insurer's renewal rights to its large corporate book.
  
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• RSA appoints David Wyatt to newly created GSL role

  16-06-2015 01:05
  
  James Verrinder Postonline RSA has appointed David Wyatt to the newly created role of development director within its global specialty lines business.
  
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