Insurance news

• Applied Net 2015: Tech firm announces client self-service and mobile developments

  21-10-2015 23:14
  
  Software house unveils CSR24 2016 and Applied Mobile.
  
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• ERS promotes Willis to operations director

  21-10-2015 17:51
  
  Katie Marriner Postonline Motor insurer ERS has promoted head of personal injury claims Donna Willis to the newly created role of operations director.
  
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• Axa foresees driverless car revolution

  21-10-2015 17:50
  
  Marcus Alcock Postonline Driverless cars are almost a reality and have the potential to revolutionise peoples’ lives, according to David Williams, Axa UK’s head of underwriting.
  
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• Post magazine - 22 October 2015

  21-10-2015 17:34
  
  Cecile Brisson Postonline The latest issue of Post magazine is now available for Post subscribers. Download the latest Post iOS app edition on the App Store or read the Post digital edition online.
  
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• ERS names operations director for Swansea

  21-10-2015 17:28
  
  Personal injury claims head Donna Willis fills role
  
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• Prudential UK CEO departs

  21-10-2015 17:05
  
  Katie Marriner Postonline Life insurance giant Prudential has announced its UK and Europe CEO Jackie Hunt is to leave the company with immediate effect.
  
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• Oak launches in-house claims team and ends contract with GHG

  21-10-2015 16:45
  
  The team will be led by private clients claims leader Anne Bozier
  
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• Lloyd's to support China Taiping entry

  21-10-2015 16:17
  Lloyd's and Hong Kong-listed carrier China Taiping have
  signed an agreement that will see the Corporation support Taiping
  Reinsurance Company to become a member of Lloyd's, as well as
  to establish a syndicate and a registered broker within the London
  market.
  Under the memorandum of understanding signed today (21 October),
  China Taiping will support Lloyd's in developing and expanding
  its business with Chinese interests. Both sides will also commit to
  sharing knowledge and expertise and cooperati
  
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• Devine-led Insureon gets $31mn capital injection for growth

  21-10-2015 16:17
  Online insurance agency Insureon has secured $31mn in new
  funding led by financial technology (FinTech) venture capital fund
  Oak HC/FT, as it looks to continue on its growth trajectory in the
  small business sector.
  The Ted Devine-led firm said that founding investor Accretive -
  a private investment firm specialising in the creation of
  disruptive technology companies - had also participated in the
  capital raise.
  In a statement, Insureon said the new financing will allow it to
  increase its technol
  
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• Driverless cars a "challenge" for insurance sector

  21-10-2015 16:00 via insuranceage.co.uk
  
  Axa's David Williams tells Britain's Smart Cities conference liability on driverless cars needs to be clarified.
  
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• ABI defends position on diverted profits tax after Insurer Nation criticism

  21-10-2015 15:18
  
  Stephanie Denton Postonline The Association of British insurers has defended its actions on diverted profits tax after coming in from criticism from insurers.
  
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• The State of the Insurer Nation: Week One: Regulation

  21-10-2015 15:15
  
  Mairi MacDonald Postonline In the first report of a five-part series covering Post’s latest State of the Nation survey, Mairi MacDonald reports on how regulation of the insurance industry is viewed by insurance CEOs and managing directors and how they think it could work better for the industry and its customers
  
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• Household Insurance: In household insurance we trust?

  21-10-2015 15:12
  
  Edmund Tirbutt Postonline What are the top issues that customers face with household insurance? Post has asked a panel of consumer champions what they think the main problems are – and then asked insurers what they are doing about it. This is part of our Trust Insurance campaign, sponsored by the Chartered Insurance Institute.
  
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• Zurich looking at new look loss adjusting panel following review

  21-10-2015 13:51
  
  Marcus Alcock PostonlineRegulation and consolidation driving insurers’ decision-making process Zurich’s current review of its loss adjusting panel is expected to echo a wider trend among insurers as it looks to forge closer ties with its loss adjusting partners, Post understands.
  
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• Zurich looking at leaner loss adjusting panel following review

  21-10-2015 13:51
  
  Marcus Alcock PostonlineRegulation and consolidation driving insurers’ decision-making process Zurich’s current review of its loss adjusting panel is expected to echo a wider trend among insurers as it looks at working with a smaller number of suppliers on a more long-term basis, Post understands.
  
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• Chubb posts $601m income for Q3

  21-10-2015 13:35
  
  Marcus Alcock Postonline US insurer Chubb Corporation, which is currently in the process of being acquired by Ace, has posted healthy third quarter net income of $601m (£388m) compared to $594m in the third quarter of 2014 as it benefitted from another relatively benign catastrophe period.
  
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• Admiral dismisses data-selling claims as ABS's report £6.2m profit

  21-10-2015 13:27
  
  Katie Marriner Postonline Admiral has rebuffed claims its in-house legal divisions were set-up to circumvent the 2013 referral fee ban as its two alternative business structures reported joint pre-tax profits of £6.2m in 2014.
  
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• Driverless cars spells trouble for insurers - Axa underwriting boss

  21-10-2015 13:22
  
  Completely driverless cars are expected to be commonplace by 2030 
  
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• Driverless cars could mean trouble for insurance - Axa underwriting chief

  21-10-2015 13:22
  
  Completely driverless cars are expected to be commonplace by 2030 
  
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• Bruce Stevenson hits £25m GWP

  21-10-2015 13:13
  
  Broker expands to larger office in Glasgow as it says income has risen to £5.5m and staff numbers increased 19%.
  
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• Lloyd's pledges co-operation with China Taiping Insurance Group

  21-10-2015 13:12
  
  James Verrinder Postonline Lloyd's has signed a Memorandum of Understanding with the China Taiping Insurance Group, marking a significant level of co-operation between the two.
  
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• Oak launches in-house claims team

  21-10-2015 12:58
  
  High net worth insurer says brokers will benefit from a faster and more personal service.
  
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• Northern European countries ahead of southern counterparts on SII readiness

  21-10-2015 12:26
  
  James Verrinder Postonline Insurers in northern Europe are better prepared for Solvency II than those in the southern part of the continent, according to data specialist Silverfinch.
  
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• Oak to launch nine-strong in-house claims team

  21-10-2015 12:00
  
  Katie Marriner Postonline RSA subsidiary Oak Underwriting is to launch an in-house high net worth claims team on 25 October.
  
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• Spanish insurance market shows ‘resilience'

  21-10-2015 11:03
  
  James Verrinder Postonline An AM Best report has revealed that the country's insurance market is showing resilience as companies begin to focus on profitability.
  
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• Ace reports record operating income

  21-10-2015 10:31
  
  James Verrinder Postonline Ace has posted a record after-tax operating income of $897m (£581m) for the quarter ending 30 September 2015.
  
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• Ace reports record $897m operating income for Q3

  21-10-2015 10:31
  
  James Verrinder Postonline Ace has posted a record after-tax operating income of $897m (£581m) for the quarter ending 30 September 2015.
  
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• Blog: Advanced analytics - music to insurers' ears

  21-10-2015 10:30
  
  David Hartley Postonline Fraud is costing European insurance companies billions of pounds every year. But by using big data and advanced analytics, the industry can make fraudsters face the music.
  
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• Live: High Net Worth Forum

  21-10-2015 09:57
  
  Keep up-to-date with our live feed following the Insurance Age High Net Worth Forum.
  
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• ACE and takeover target Chubb report higher Q3 earnings

  21-10-2015 09:01
  
  Shareholders in both firms due to vote tomorrow to approve deal
  
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• Free webinar series launches tomorrow - register now

  21-10-2015 08:39
  
  Webinar series will explore key issues for brokers and insurers
  
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• Admiral's alternative business structures report £6.2m pre-tax profit

  21-10-2015 08:30
  
  Admiral Law and BDE Law handle claims for Admiral’s non-fault motor customers
  
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• BP Marsh plans to expand Nexus stake further

  21-10-2015 07:40
  
  Future of stake in Bessso still undecided, says chairman
  
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• Mosquera joins Arch Re

  21-10-2015 02:19
  Arch's reinsurance arm has added to its ranks with the hire of
  Paul Mosquera as senior international property underwriter,
  The Insurance Insider can reveal.
  Mosquera was most recently at Qatar Re, where he had a brief
  stint in Zurich after joining a year ago from AQR Re.
  At Arch Re, the executive will be based out of Bermuda, joining
  the reinsurer's established international property team.
  Mosquera was previously at Endurance, where he was vice
  president of international treaty from 2002...
  
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• Chubb comfortably beats but commercial rates flat in Q3

  21-10-2015 02:19
  Chubb has followed rival Travelers with a comfortable operating
  earnings beat as it reported Q3 net income per share that was at an
  all-time high for any quarter in its history.
  The company, which is in the process of being bought by Ace,
  booked net income per share up 5 percent to a record $2.60.
  Operating profits climbed from $522mn to $547mn and at $2.37 per
  share were also a record for the third quarter and a comfortable
  beat on...
  
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• Ace posts record $897mn Q3 operating profit

  21-10-2015 02:19
  Ace mirrored its proposed acquisition Chubb as it too posted a
  record after-tax operating profit for the third quarter despite
  volatility in the forex markets.
  At $897mn, the result marks a $6mn - or 0.8 percent -
  improvement on its performance for Q3 last year.
  But net profits were down by a third to $528mn as realized
  investment losses more than trebled from $106mn to $362mn.
  The Switzerland-domiciled carrier recorded a P&C combined
  ratio of 85.9 percent for the quarter,...
  
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