Insurance news

• Penny Black's Insurance Week - 24 September 2015

  22-09-2015 19:19
  
  Penny Black Postonline Penny is a huge fan of the oval ball and was first in the queue to wear the rose and make our boys giants in the Rugby World Cup, being held in England and Wales this year.
  
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• Internet of Things: All together now

  22-09-2015 19:12
  
  Rachel Gordon Postonline In the brave new world of the Internet of Things, there are opportunities and threats for insurers. How much is hype and what is the reality?
  
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• Interview: James Hillon and Charles Offord: A better kind of business

  22-09-2015 18:58
  
  Katie Marriner Postonline Co-operative Insurance is transforming its business after the recent and well-documented issues experienced by the wider group. Directors James Hillon and Charles Offord tell Post about its future plans.
  
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• Briefing: Why Zurich and RSA were always ill-suited partners

  22-09-2015 18:28
  
  Zurich has just dodged a bullet with its decision to end its RSA bid 
  
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• Fraud Focus – Fraud: the bigger picture

  22-09-2015 18:03
  
  Jamie Taylor Postonline Despite positive steps within insurance to stamp out fraud, other industries must follow its lead.
  
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• Editor's Comment: Avoiding heartbreak

  22-09-2015 17:15
  
  Stephanie Denton Postonline Sometimes the best thing to do is call it all off early on – it is less likely to cause heartache and in many cases it’s the bravest thing to do.
  
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• C-Suite - Insurer: Navigating the risk landscape

  22-09-2015 17:05
  
  David Robinson Postonline The industry is responding well to emerging risks but flexibility, creativity and client service are still key.
  
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• Hester surprised at Zurich deal collapse

  22-09-2015 15:45
  
  James Verrinder Postonline RSA group CEO Stephen Hester has confessed his shock at Zurich's decision to break off talks about an acquisition of the company.
  
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• Insurers wary of increased costs following Enterprise Bill proposal

  22-09-2015 15:13
  
  Katie Marriner Postonline Question marks have been raised over a proposed measure in the Enterprise Bill that could see insurers pay general damages to policyholders that have suffered additional loss because of an unreasonable delay in payment.
  
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• Insurers must increase touch points to overhaul negative customer perceptions

  22-09-2015 13:46
  
  Francesca NymanPostonline Insurers need to increase the frequency of their interactions with customers, be more transparent, and develop products consumers genuinely value if they are to overhaul negative customer experience ratings, according to industry insiders.
  
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• Career Development: Allianz welcomes students

  22-09-2015 13:42
  
  Callum BrodiePostonline Allianz has welcomed its second intake of students onto the newly created
  one-year placement scheme.
  
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• Career File: Greg Gladwell - Ex-Crawford boss resurfaces at Innovation Group

  22-09-2015 13:37
  
  Callum BrodiePostonline Former Crawford & Company UK and Ireland CEO Greg Gladwell has resurfaced at Innovation Group where he has taken on the role of UK property managing director.
  
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• Market Moves - 24 September 2015

  22-09-2015 13:35
  
  Callum BrodiePostonline Who has moved where in the world of insurance this week?
  
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• Ageas Retail Direct MD Peter Corfield to depart

  22-09-2015 13:18
  
  Corfield will be replaced by Ageas Retail finance director Nick Lemans in the interim
  
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• Lemans steps up as interim Ageas Retail Direct MD as Corfield departs

  22-09-2015 13:14
  
  Callum BrodiePostonline Ageas has named retail finance director Nick Lemans as interim managing director for Ageas Retail Direct following Peter Corfield’s decision to exit the role.
  
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• FCA appoints Georgina Philippou as COO

  22-09-2015 13:06
  
  The regulator says its executive committee is now complete.
  
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• FCA completes executive team with new chief operating officer

  22-09-2015 12:55
  
  Georgina Philippou replaces David Godfrey
  
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• Generali appoints first graduate scheme winners

  22-09-2015 12:33
  
  James Verrinder Postonline Generali has hired 20 young adults as part of its first Global Graduate Program.
  
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• Legal market consolidation tipped to continue despite insurers' concerns

  22-09-2015 12:27
  
  Katie Marriner Postonline Insurers' concerns over declining service levels are unlikely to quell an uptick in mergers and acquisitions activity in the insurance law market, as legal firms battle to obtain market share and establish more sustainable operating margins.
  
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• Markel hires China head

  22-09-2015 11:36
  Markel International has appointed Hu Qianhai to head up its
  business in China, the company announced today (22 September).
  Prior to joining Markel, Hu held a number of senior positions in
  insurance industry, including founding Huatai Property &
  Casualty's special risks unit with Ace. Here, he was
  responsible for successfully growing the business of Huatai
  Property & Casualty Insurance.
  In his new role, Hu will lead the Markel team in China, with the
  aim of providing local solutions for
  
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• Endurance appoints new chief risk officer

  22-09-2015 11:36
  Endurance has hired Christopher Gallagher to take on the role of
  chief risk officer and group actuary, the Bermudian carrier
  announced last night (21 September).
  Gallagher, who started in the role yesterday, has taken the
  reins from Joan deLemps, who announced her retirement earlier this
  year.
  He joins from Axis Capital, where he had worked as chief risk
  officer for the carrier's insurance division since 2007.
  Before that, he spent six years as a senior manager in Ernst
  & Young...
  
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• RAC picks Hood Group to launch travel insurance product

  22-09-2015 11:26
  
  James Verrinder Postonline The RAC has appointed affinity insurance provider Hood Group to launch its new travel insurance product.
  
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• Lloyd's broker Safeonline hires four as growth continues

  22-09-2015 11:24
  
  The broker claims it wants to grow its cyber offering 
  
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• Court victory for AXA after six-year battle with whiplash fraudsters

  22-09-2015 11:20
  
  Claims were worth £23,000 but AXA said it risked incurring an overall bill of £209,000 including legal costs
  
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• Lloyd to lead AA’s insurance services following management restructure

  22-09-2015 11:06
  
  Francesca NymanPostonline The AA has reshuffled its management team as part of its transformation programme in a bid to increase focus on the customer and simplify management structures.
  
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• R&Q undertaking business review as H1 loss of £4.5m is recorded

  22-09-2015 10:52
  
  Callum BrodiePostonline Delays in legacy acquisitions, restructuring and investment costs in US services and a lower investment return have been blamed for a pre-tax loss of £4.5m at Randall & Quilter in the opening six months of 2015.
  
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• Whiplash fraudsters ordered to pay costs to Axa

  22-09-2015 10:51
  
  James Verrinder Postonline A judge in Birmingham has thrown out a personal injury case after it was discovered that four individuals claiming to have suffered whiplash in a road traffic accident had never been in the vehicle in question.
  
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• AA Insurance Service revenue drops 11%

  22-09-2015 10:44
  
  Ebitda drops by 10.3% in the motoring services organisation’s insurance service division for the first half of this year.
  
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• Mike Lloyd moves to head AA's insurance division

  22-09-2015 10:31
  
  Janet Connor moves to business transformation unit as management structure changes kick in.
  
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• AA warns insurance tax will increase 'churn' as it suffers £63.6m loss

  22-09-2015 10:26
  
  Motor insurance firm – hit by the refinancing of expensive debt – also reports dip in half-year revenues but insists plans to overhaul business are on trackThe AA has slid to a near-£64m loss and said that the government’s increase in insurance premium tax would increase “churn” among its customers – the number of policyholders shopping around and switching to rival insurers.The insurance and roadside assistance group also reported a dip in revenues for
  
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• IPT hike will increase ‘churn’ says AA boss as H1 revenue and trading Ebitda fall

  22-09-2015 10:15
  
  Francesca NymanPostonline The 58% increase in insurance premium tax to 9.5% from November is likely to increase churn in insurance and roadside assistance, according to AA executive chairman Bob Mackenzie.
  
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• Zurich was 'aware' of concerns before dumping RSA

  22-09-2015 10:08
  
  Zurich’s failed RSA bid is brushed aside by analysts who never warmed to the deal 
  
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• Higos to buy Somerset-based broker AJP Partnership

  22-09-2015 10:08
  
  Broker reveals that recently-announced Clydesdale funding is £3m
  
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• R&Q warns on full-year results after £4.5m H1 loss

  22-09-2015 10:02
  
  Company launches review of business model, but expects full-year profit
  
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• AA’s new underwriting unit to have £7m of capital

  22-09-2015 09:32
  
  Capital will be supported by reinsurance and co-insurance
  
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• AA’s Mike Lloyd to take charge of insurance business

  22-09-2015 09:23
  
  Janet Connor to be responsible for business transformation and the new underwriting unit
  
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• Watch this webinar today at 11am: Technology and Innovation for Insurance Reinvention

  22-09-2015 09:21
  
  Jonathan Swift Postonline A recent survey from Consumer Intelligence found that almost one in ten people (9%) are interested in how the connected home could reduce their insurance premiums through sharing data on perils such as flood and theft.
  
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• AA’s insurance profit drops 10% as tough conditions bite

  22-09-2015 09:10
  
  Company expects IPT hike to boost competitive pressures in motor
  
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• Head office closure helps Higos grow underlying profit by 53%

  22-09-2015 07:31
  
  But broking group makes statutory loss after accounting change
  
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• L&G GI pricing and underwriting director to leave

  22-09-2015 07:30
  
  Russell Byrne’s responsibilities to be assumed by commercial director Stuart Welch
  
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• Markel appoints China head

  22-09-2015 06:45
  
  Andrew Tjaardstra Postonline Markel has hired Hu Qianhai to lead its China operations.
  
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• Hanuschak named Schinnerer president

  22-09-2015 01:29
  Marsh's programme and underwriting management unit Victor O
  Schinnerer has named Brian Hanuschak as president.
  The executive effectively replaces Jonathan Zaffino, who left
  the position earlier this year to join Everest Re as president of
  its US insurance platform.
  Hanuschak will be responsible for leading operations and
  developing business across the firm's portfolio of specialty
  insurance products, including by expanding the reach of its
  distribution network.
  He will be based in the underwriti
  
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