Insurance news

• Teleperformance to create 800 new jobs in NI

  15-10-2015 17:21
  
  James Verrinder Postonline Teleperformance, the company that took over the Liberty Insurance contact centre in Enniskillen, is to create 800 new jobs in the town.
  
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• Tesla launches car Autopilot

  15-10-2015 16:37
  
  Chief executive Elon Musk says drivers still liable in collisions - for now
  
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• Insurance fraud offences recorded by NFIB rise 13%

  15-10-2015 15:52
  
  Katie Marriner Postonline Insurance fraud offences recorded by the National Fraud Intelligence Bureau increased 13% in the 12 months to June 2015 to 9417 cases.
  
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• Cyber-crime sees 2.5m computers hacked

  15-10-2015 15:22
  
  Cyber crime and fraud figures highlight opportunities for brokers as market encouraged to develop cyber expertise.
  
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• Thomas Miller buys controlling stake in Osprey

  15-10-2015 15:08
  Insurance services firm Thomas Miller has acquired a controlling
  shareholding in London-based marine and aerospace managing general
  agency Osprey Holdings Ltd.
  Established as an underwriting agency in 1991, Osprey is best
  known as a dedicated pioneer of fixed-premium protection and
  indemnity (P&I) cover. Thomas Miller is best known for its
  longstanding management of the UK and TT P&I clubs.
  Thomas Miller chairman Hugo Wynn-Williams said: "In
  purchasing a majority shareholding in Osprey w
  
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• $100mn El Faro lawsuit filed

  15-10-2015 15:08
  The owners and captain of the missing El Faro cargo ship
  are facing a $100mn negligence and wrongful death lawsuit from a
  crew member's family, according to a Reuters report.
  The lawsuit was filed on behalf of the estate of Lonnie Jordan,
  one of the 33 crew members presumed dead, on Wednesday (14 October)
  in Jacksonville, against Tote Services Inc and Tote Maritime Puerto
  Rico, as well as the El Faro captain, Reuters
  reported.
  Attorney Willie E Gary reportedly told...
  
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• Zurich appoints Ageas's Markham to newly-created broking role

  15-10-2015 14:37
  
  James Verrinder Postonline Zurich has hired Joel Markham to the newly-created role of head of regional and national broker for personal lines.
  
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• Fraud, cybercrime now England, Wales biggest crime

  15-10-2015 14:06
  
  One eighth of adults were victims of fraud or computer crime in year to August
  
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• Towergate completes executive team

  15-10-2015 13:42
  
  James Tugendhat and Catherine Lynch take on the roles of chief commercial officer and group human resources director respectively.
  
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• Zurich hires regional and national broker head from Ageas

  15-10-2015 13:38
  
  Joel Markham has been appointed to a newly created role
  
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• Tesco Underwriting names ex-RSA boss Kingshott as CEO

  15-10-2015 13:26
  
  James Verrinder Postonline Steve Kingshott has been appointed CEO of Tesco Underwriting, the partnership between Tesco Bank and Ageas UK.
  
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• Tesco Underwriting hires RSA's construction head as chief exec

  15-10-2015 13:19
  
  Steve Kingshott will join Tesco Underwriting on 1 December - replacing Geoff Carter who leaves the business October-end
  
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• James Tugendhat named Towergate’s chief commercial officer

  15-10-2015 13:19
  
  Company also hires Catherine Lynch as group HR director
  
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• Axa launches new loss adjuster panels

  15-10-2015 12:03 via insuranceage.co.uk
  
  Insurer says new system will remove a hurdle in doing business with brokers.
  
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• QBE launches European real estate practice amid growth plans

  15-10-2015 11:51
  
  Callum BrodiePostonline QBE has established a dedicated European real estate practice as part of a concerted effort to grow its real estate portfolio in the UK market and across continental Europe.
  
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• Axa unveils loss adjuster panels for property claims

  15-10-2015 11:49
  
  James Verrinder Postonline Axa has named four loss adjusters on two panels to deal with commercial property and household claims.
  
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• IAG drops Chinese expansion plans

  15-10-2015 11:47
  Australian insurance giant IAG has dropped plans to invest in
  China, calling into question the whole rationale for its strategic
  partnership with Berkshire Hathaway.
  It was understood that one of the key drivers of a major
  reinsurance deal agreed earlier this year between Berkshire and IAG
  was the desire to free up a significant tranche of capital to
  finance a major acquisition in China.
  But days after the announcement that Peter Harmer would succeed
  Mike Wilkins as CEO, IAG released...
  
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• Thomas Miller buys majority stake in Osprey

  15-10-2015 11:21
  
  Katie Marriner Postonline Thomas Miller has acquired a majority shareholding in marine and aerospace insurer Osprey Holdings.
  
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• QBE looks to expand in UK property with new real estate practice

  15-10-2015 11:10
  
  Insurer hires from rivals Allianz and Zurich to grow real estate team
  
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• AXA unveils new property adjusting panel to meet evolving broker needs

  15-10-2015 11:10
  
  The insurer says new structure will give broker greater flexibility in who handles their clients’ claims
  
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• Renovation launches Single Premium MNW

  15-10-2015 11:05
  
  Firm says product has been specifically developed for insuring renovations in the mid net worth sector.
  
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• Europe: The year ahead for run-off business

  15-10-2015 10:30
  
  Andrew Ward and Victor Nelligan Postonline Solvency II, the growing legacy market and expanding run-off activity are among the main challenges facing discontinued insurance business in Europe.
  
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• Javid hails insurance apprentices at Aon opening

  15-10-2015 09:49
  
  Aon’s Case says new Cheesegrater HQ is ’commitment to London and UK’
  
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• ICO deals with 378 information complaints in insurance

  15-10-2015 09:42 via insuranceage.co.uk
  
  Body works to address concerns connected to the Data Protection Act.
  
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• Treasury scraps planned 'presumption of guilt' regulation

  15-10-2015 09:27
  
  New strict bankers regulatory regime extended across financial services
  
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• RAC launches new telematics motor policy

  15-10-2015 08:59
  
  Black Box policy has no curfew or mileage limit
  
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• New webinar series launches for brokers, insurers

  15-10-2015 08:39
  
  Free Insurance Times webinar series launches with Pegasystems, Celent chiefs
  
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• AIG appoints two independent directors in Singapore

  15-10-2015 05:12
  
  Andrew Tjaardstra Postonline US-headquartered insurance giant AIG has made its first independent director appointments to its Singapore board.
  
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• Endurance parts company with global specialty re chief Mills

  15-10-2015 04:43
  Endurance's reinsurance arm has parted company with its CUO and
  head of global specialty and Europe P&C Peter Mills,
  The Insurance Insider can reveal.
  According to sources, a memo has been circulated saying that the
  executive has left the Bermudian (re)insurer for "personal
  reasons" and will be pursuing other opportunities.
  Switzerland-based Mills joined Endurance in 2013 from Tokio
  Millennium Re where he was most recently strategic underwriting
  officer.
  His departure has triggered a number
  
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• IAG scraps China expansion plan

  15-10-2015 04:03
  
  Andrew Tjaardstra Postonline Insurance Australia Group has changed its plans to expand its brand in China after shareholder concern.
  
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• XL Catlin launches new lead excess D&O policy

  15-10-2015 01:14
  XL Catlin has launched a new D&O lead excess side A difference
  in conditions (DIC) policy out of Bermuda that it says will address
  potential capacity shortfalls and other consequences of the wave of
  M&A in the sector.
  The (re)insurer - itself formed by the merger of XL with Catlin
  earlier this year - said that the current consolidation drive has
  created a number of issues for brokers and insureds to consider
  under D&O programmes.
  "For example, the aggregate capacity...
  
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• RAC unveils telematics policy for young drivers

  15-10-2015 01:08
  
  James Verrinder Postonline The RAC has launched a new telematics product aimed at younger drivers who are looking to reduce the cost of their insurance premiums.
  
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