Insurance news

• Ward leaves Hamilton USA

  13-10-2015 22:36
  Conan Ward, CEO of Hamilton Insurance Group's US operations,
  has resigned with immediate effect, the company announced today (13
  October).
  Hamilton chief strategy officer, Bob Deutsch, will take on the
  role of acting CEO of Hamilton USA, and will lead the search for
  Ward's successor.
  "I want to thank Conan for his service to our organisation
  and his work in establishing a foundation for the development of
  our US operations," said Hamilton CEO Brian Duperreault.
  "We wish him well in...
  
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• LMG: slip levy dropped as youth invited to shape Tom process

  13-10-2015 22:36
  The London Market Group (LMG) has confirmed that plans for a
  levy on London placements to fund its Target Operating Model (Tom)
  market modernisation plan have been dropped, while unveiling an
  initiative to bring young professionals into the heart of the
  reform process.
  Answering questions from an audience of young professionals at
  the Lloyd's Market Association (LMA) Under 35s Tom briefing
  held in the Willis Auditorium this afternoon (13 October),
  Lloyd's director of operations and London Market
  
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• A-Plan to target specialist brokers

  13-10-2015 18:27
  
  Chief executive Carl Shuker says acquisitions manager hire allows broker to seek out businesses to buy.
  
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• Legal Update: Time is money

  13-10-2015 17:27
  
  Joanne Staphnill and Sarah Mckay Postonline Under the new Enterprise Bill, insurers could be hit hard if they don’t pay claims in time
  
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• Editor's comment: An opportunity to build trust

  13-10-2015 17:01
  
  Stephanie Denton Postonline A lack of relationship with customers in the insurance market is often blamed on annual touch points, insurance being a grudge purchase and policyholders looking for the cheapest price they can get.
  
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• MP launches new bill for psychiatric harm fairness

  13-10-2015 15:05
  
  James Verrinder Postonline A new Private Members' Bill published this week calls for greater fairness for bereaved people and victims of psychiatric harm.
  
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• Serious injury guide potential precursor for future claimant and defendant engagement

  13-10-2015 14:23
  
  Katie Marriner Postonline The Association of Personal Injury Lawyers is hopeful partnering with insurers on its serious injury guide will pave the way for future positive collaboration between the historically opposing claimant and defendant sides of the industry.
  
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• RSA launches fleet app for SMEs

  13-10-2015 13:55
  
  Katie Marriner Postonline RSA has launched a smartphone app for SMEs with fleets of up to 15 vehicles aimed at helping them reduce their operating costs and to promote safer driving.
  
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• Cycle of hurt to continue for motor insurers despite raised rates

  13-10-2015 13:18
  
  James Verrinder Postonline The cyclical nature of the UK motor market is set to continue, despite the industry recently witnessing the biggest spike in premiums for the past five years, insurers have been warned.
  
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• New guidance for judges in whiplash cases will encourage more claims

  13-10-2015 13:11
  
  The Judicial College Guidelines has recommended that damages cost should rise by 5% or more
  
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• Aviva questions guidelines calling for 5% uptick in whiplash damages

  13-10-2015 12:55
  
  Callum BrodiePostonline Aviva has expressed disappointment at the Judicial College’s decision to advise in its 2015 guidance that the damages for lower value whiplash claims should rise by at least 5%.
  
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• Insured loss of up to EUR650mn for French floods

  13-10-2015 12:48
  The Association Franҫaise de l'Assurance has estimated an
  insured loss of between EUR550mn ($625mn) and EUR650mn ($738mn) for
  the severe flooding in the south of France in early October.
  Damage caused by the floods on 3 and 4 October led the French
  government to declare an État de Catastrophe Naturelle (state
  of natural disaster) in the region and is expected to lead to more
  than 60,000 claims, the association said yesterday (12
  October).
  French insurers have extended the timeframe
  
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• Hub International acquires Oxford Coverage

  13-10-2015 12:48
  US retail broking giant Hub International has bought New York-based
  Oxford Coverage for an undisclosed amount.
  Oxford specialises in providing commercial lines insurance for
  the nursing home and assisted living sector.
  Led by president Joseph Schwartz, the entire Oxford management
  team will move with the firm to the top 10 brokerage.
  "We are excited to join forces with Hub, which is very well
  known in the healthcare industry for providing top notch insurance
  and risk management programmes to sen
  
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• Adaption and innovation key themes from Ferma 2015

  13-10-2015 12:29
  
  Katie Marriner Postonline Insurers and brokers must be more agile to keep up with the emerging risks facing their clients, such as the sharing economy, according to commentators at the Federation of European Risk Management Associations Forum 2015.
  
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• Insurers dispute criticism of pre-med offers as driver of whiplash claims

  13-10-2015 11:59
  
  Callum BrodiePostonline Insurers have dismissed accusations that pre-medical offers are the main driver of erroneous whiplash claims and have instead criticised low quality medical reports and pointed the finger of blame at the claims management sector.
  
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• Consumer confusion mooted as potential outcome of add-ons ban

  13-10-2015 11:02
  
  James Verrinder Postonline The incoming ban on the sale of opt-out add-on insurance policies could spark consumer confusion and ultimately lead to a smaller scale “PPI-style scandal”, according to industry observers.
  
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• Das COO Paul Timmins departs

  13-10-2015 11:00
  
  Timmins had been with the insurer for seven years.
  
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• Alps doubles broker base in a year according to firm

  13-10-2015 11:00
  
  Company says new policy lines have helped growth.
  
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• A-Plan hires Hartley from Swinton as acquisitions chief

  13-10-2015 10:58
  
  Broker says move is part of expansion plans.
  
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• AIG launches online marine product

  13-10-2015 10:55
  
  CargoGuard to be available on Acturis and AIG Extra.
  
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• A-Plan poaches from Swinton for new acquisitions head

  13-10-2015 10:20
  
  Jonathan Hartley joins from rival broker
  
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• A-Plan looks to Swinton for new acquisitions head

  13-10-2015 10:20
  
  Jonathan Hartley joins from rival broker
  
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• A-Plan hires from Swinton for new acquisitions head

  13-10-2015 10:20
  
  Jonathan Hartley joins from rival broker
  
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• 83% of customers annoyed by phone renewals – survey

  13-10-2015 10:10
  
  Customers complained of difficulty in understanding insurers’ staff, says Consumer Intelligence
  
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• Anders Lewis wins The Zurich Insurance Masters

  13-10-2015 10:00
  
  The Arthur J Gallagher employee took first prize with 31-point score at The Grove in Hertfordshire.
  
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• NCI strikes pet insurance partnership with Aviva amid growth plans

  13-10-2015 09:58
  
  Callum BrodiePostonline Aviva has entered into an agreement with NCI Group to underwrite its pet insurance policies.
  
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• Insurers rail against ‘systemically important’ label – report

  13-10-2015 09:54
  
  Too-big-to-fail insurers will face higher capital requirements
  
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• Nicolas Aubert named chief executive of Willis Limited

  13-10-2015 09:12
  
  Willis GB chief to replace departing Steve Hearn in role
  
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• Hastings shares drop 4.7% in first day of trading

  13-10-2015 08:49
  
  Stock will begin full, unconditional trading on Thursday
  
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