Insurance news

• Beazley appoints new aviation head

  18-09-2015 17:47
  Beazley has promoted Dirk Froese to head up its aviation team from
  May 2016.
  Based in London, Froese will replace David Oates, who is
  retiring.
  Froese joined Beazley in 2012 as head of general aviation, after
  spending more than seven years as vice president of aviation at
  Liberty Mutual.
  Clive Washbourn, head of Beazley's marine division, said:
  "Dirk is a well-known and respected figure in the market and
  it is testament to David Oates' leadership that we have such a...
  
  Read more

• Granite Group signs up with Transactor software system

  18-09-2015 16:44
  
  The group is understood to have made the switch after leaving SSP.
  
  Read more

• Lockton hires Aon’s former sales head as SVP for the north

  18-09-2015 16:33
  
  Francesca NymanPostonline Lockton has appointed Kelvin Chadwick as a senior vice president for its north of England operations.
  
  Read more

• Insurance disruptor to launch pay-as-you-go motor cover

  18-09-2015 15:36
  
  Cuvva, which is based in Scotland, is hoping to launch next month
  
  Read more

• Advertisement

• Chilean quake loss unlikely to top $500mn: Fitch

  18-09-2015 14:53
  The insured loss from the magnitude 8.3 earthquake that struck off
  the coast of Chile on 16 September is unlikely to top $500mn, Fitch
  has found.
  The economic losses were likely to be anywhere between $100mn
  and $1bn, Fitch said, but it expected the tally would be at the
  upper end of this estimate.
  The agency added that the loss was unlikely to affect the credit
  ratings of insurers in the region, which have strong reinsurance
  protection, making the net...
  
  Read more

• California wildfires to be costliest for 20 years

  18-09-2015 14:53
  Wildfires that have ravaged California in recent days are set to be
  the costliest for insurers for 20 years, according to Munich Re.
  Munich Re's senior research meteorologist Mark Bove told
  Bloomberg that although it was too early to provide any numerical
  estimates, the Valley fire could become the largest wildfire loss
  event in Northern California since the Oakland firestorm in
  1991.
  "That event destroyed about 3,200 buildings with an
  industry-wide insured loss of about $3bn," he said.
  Multiple
  
  Read more

• AmTrust in exclusive talks to buy Republic

  18-09-2015 14:53
  AmTrust is in advanced talks to acquire $1.2bn premium Texas-based
  insurer Republic Group, The Insurance
  Insider can reveal.
  Sources said that the acquisitive New York-listed insurer and
  Republic Group are currently in a period of exclusive negotiations,
  which is expected to lead to a sale.
  In 2014, Republic Group wrote $1.20bn of premium on $252mn of
  surplus. On a net basis, the company wrote $245mn last year.
  The insurer and fronting business has a poor record for
  underwriting profitability. I
  
  Read more

• Enterprise bill to penalise late payment of claims

  18-09-2015 14:50
  
  Policyholders will be able to sue for damages caused by late payment
  
  Read more

• Advertisement

• Broker tips for Rugby World Cup 2015

  18-09-2015 13:49
  
  Which players and teams are like insurance brokers?
  
  Read more

• Insurer tips for Rugby World Cup 2015

  18-09-2015 13:25 via insuranceage.co.uk
  
  All go for the same team to be overall winner - but who could it be?
  
  Read more

• Markerstudy goes live on MyLicence

  18-09-2015 13:01 via insuranceage.co.uk
  
  Motor specialist to start using the service following a technology upgrade.
  
  Read more

• Government to tackle late claim payments in Enterprise Bill

  18-09-2015 12:52
  
  Katie Marriner Postonline The government is clamping down on late payment of insurance claims with its proposed Enterprise Bill by introducing a contractual requirement on insurers to pay claims to businesses within a reasonable time.
  
  Read more

• Quizzical questions: 18 September 2015

  18-09-2015 12:40
  
  Test your knowledge of the week’s news with our topical news quiz.
  
  Read more

• Quiz of the week - 18 September 2015

  18-09-2015 12:29
  
  Stephanie Denton Postonline It's quiz time! Test your knowledge of the week's insurance news. Let us know how you do by sharing your score on Twitter with the hashtag #postquizscore...
  
  Read more

• Markerstudy signs up to My Licence following RDT upgrade

  18-09-2015 12:26
  
  Callum BrodiePostonline Markerstudy is engaging with the My Licence initiative following RDT’s upgrade of its administration platform Landscape.
  
  Read more

• Open GI launches fraud prevention data service

  18-09-2015 12:23
  
  Tech provider teams up with Experian to offer service designed to help brokers prevent fraud.
  
  Read more

• Royal Charter for WCI 'adds lustre' to insurance industry

  18-09-2015 12:12
  
  David Worsfold Postonline The Worshipful Company of Insurers was formally presented with its Royal Charter at a banquet in London’s historic Guildhall this week.
  
  Read more

• Blog: Breaking down the barrier of mistrust

  18-09-2015 12:11
  
  Callum BrodiePostonline Given half a chance and insurers will wax lyrical about how ‘being there’ for policyholders in their time of need is what forms the foundation of an ancient and noble business model.
  
  Read more

• Marsh's McGivney to become CFO in 2016

  18-09-2015 12:01
  Marsh & McLennan Companies (MMC) has appointed Mark McGivney
  as CFO effective from 1 January 2016, replacing Michael Bischoff,
  who is retiring after three years in the role.
  McGivney has worked at the company since 2007, most recently
  serving as senior vice president of corporate finance for MMC.
  Before joining Marsh, he held senior positions at The Hanover
  Insurance Group, including senior vice president of finance,
  treasurer, and chief financial officer of P&C.
  Bischoff joined MMC in 1
  
  Read more

• China Re gets green light for IPO

  18-09-2015 12:01
  State-owned China Re has received approval from the Hong Kong Stock
  Exchange to launch its $2bn initial public offering.
  It is unclear when exactly the reinsurer will go public, but
  according to media reports late last night (17 September) it could
  launch an IPO this year, possibly as early as next month.
  China International Capital Corp, HSBC and UBS have been hired
  as joint sponsors of the offering.
  The company has held off on marketing the offering due to recent...
  
  Read more

• PWC sponsors insurance start-up accelerator

  18-09-2015 11:35
  
  Francesca NymanPostonline PWC’s UK insurance practice has joined up with the insurance accelerator programme at Start-up Bootcamp, a network for start-up companies.
  
  Read more

• PwC, Startupbootcamp team up to foster new insurance tech

  18-09-2015 11:24
  
  Relationship builds on existing fintech partnership
  
  Read more

• Blog: Digital drivers for insurance innovation

  18-09-2015 11:00
  
  Dan Thwaites Postonline Digital insurance is a rising trend. As mobile-only banks emerge, it will surely not be long before insurance providers follow suit. Digital is moving the goalposts on customer expectations regarding speed and efficiency. But with most of their technology budget allocated to run spend, instead of change, insurers risk being left in the dust by other, more responsive services.
  
  Read more

• Bought By Many buys Brooks Braithwaite (Sussex)

  18-09-2015 10:28
  
  Bought By Many will use its technology platform to create quote-and-buy process for pet insurance.
  
  Read more

• Bought By Many buys Brooks Braithwaite

  18-09-2015 10:28
  
  Bought By Many will use its technology platform to create quote-and-buy process for pet insurance.
  
  Read more

• Lost in translation?

  18-09-2015 10:18
  
  Helen Devery, partner and head of broker sector at insurance law business, BLM, discusses the importance of thinking in industry sectors when dealing with corporates.
  
  Read more

• Covea-owned Sterling to keep its brand in HNW

  18-09-2015 09:47
  
  Covea has consulted brokers following acquisition of Sterling 
  
  Read more

• Covéa-owned Sterling to keep its brand in HNW

  18-09-2015 09:47
  
  Covéa has consulted brokers following acquisition of Sterling 
  
  Read more

• Competition watchdog blamed for rising claims inflation

  18-09-2015 09:31
  
  Competition watchdog has given green light to claims management firms 
  
  Read more

• Marsh eyes more acquisitions post-Jelf

  18-09-2015 09:10
  
  Marsh’s big spending  in the UK could continue 
  
  Read more

Follow @Insurance_UKnws on Twitter!