Insurance news

• Hamilton hires space and professional lines duo

  25-11-2015 20:13
  Hamilton Underwriting has confirmed the hire of Barbican's
  former head of casualty Stuart Quinlan and Starstone's
  (previously Torus) ex head of space Dr Sima Adhya, the firm
  announced today (25 November).
  Quinlan has been appointed as head of professional lines and
  deputy active underwriter, while Dr Adhya will become head of
  space. Both will report to CEO Dermot O'Donohoe, pending
  approval by Lloyd's for an active underwriter.
  The Insurance Insider first revealed
  that Adhya had agreed to join H
  
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• Beazley seeks relief in Cox ISP dispute

  25-11-2015 20:13
  Lloyd's underwriter Beazley has applied to a US court to for a
  declaratory judgement that it won't have to pay legal fees or
  damages in an upcoming internet piracy court case involving its
  insured, US internet service provider (ISP) Cox Communications.
  The case revolves around an ongoing dispute between Cox and
  music publishing, rights and recording giants BMG Rights Management
  and Round Hill Music. The latter have accused the ISP of failing to
  forward infringement notices or block the accounts.
  
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• Regulators approve Allianz’s solvency capital model

  25-11-2015 17:34
  
  German, UK and other EU regulators sign off insurer’s internal model
  
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• Lawyers slam Osborne's whiplash crackdown

  25-11-2015 17:03
  
  Solicitors’ group says measures could increase CMC cold calling
  
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• Post magazine - 26 November 2015

  25-11-2015 16:46
  
  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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• Insurance Debate: Scores at half-time

  25-11-2015 16:10
  
  Michèle Bacchus Postonline The great Insurance Debate is half way through and already momentum is gathering on both sides.
  
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• Insurers welcome Osborne's whiplash crackdown

  25-11-2015 16:05
  
  Industry hails ’breakthrough in tackling compensation culture”
  
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• AXA pens five-year deal with Towergate-owned BiBU

  25-11-2015 16:05
  
  The contract which comes into force in January 2016 was previously held by RSA
  
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• Crawford announces restructuring plan

  25-11-2015 16:01
  Claims specialist Crawford & Co has unveiled a new operating
  structure designed to simplify its internal operations and enhance
  profitability.
  Ian Muress, former head of Emea, has been given the additional
  responsibility of Canada and Latin America, and has become CEO of
  international operations.
  The remaining business unit heads will retain their current
  roles. They are: Larry Thomas, CEO of US P&C and contractor
  connection; Danielle Lisenbey, CEO of third-party administrator
  Broadspire
  
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• ACR opens Shanghai office

  25-11-2015 16:01
  ACR Capital Holdings (ACR) has today (25 November) opened its
  Shanghai representative office, led by chief representative Dr Yao
  Jianzhong.
  The office is ACR's first on mainland China, and will bring
  the carrier closer to establishing an onshore reinsurance presence
  in the country.
  Dr Jianzhong, who joined ACR in 2011 and previously held the
  position of head of economic research and China client relationship
  manager, will focus initially on market research and liaison
  services at the new office.
  
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• Ace's Hudson moves to trade credit role

  25-11-2015 16:01
  Julian Hudson, Ace's chief development officer for political
  risk and trade credit products, has been appointed head of trade
  credit, Ace Global Markets.
  Hudson has worked at Ace since 2007 and spent seven years in the
  Asia Pacific region launching the company's political risk and
  trade credit office in Singapore.
  Prior to joining Ace Hudson worked at JLT Asia and Euler Trade
  Indemnity in the UK.
  In his new role he will continue to be based in London,
  reporting to...
  
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• Video: Expertise A-Z: Q&A with John Dunn

  25-11-2015 15:55
  
  Stephanie Denton Postonline The London property market is experiencing high levels of competition at the moment with lots of brokers and insurers seeking business and striving to provide the best service and products possible.
  
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• Cash payouts for whiplash injuries could be banned

  25-11-2015 15:22
  
  Autumn statement announcement says government will consult on ending right to cash compensation, which could mean lower insurance billsCar insurance bills could come down by as much as £50 after the government unveiled plans to ban cash payouts for whiplash claims. Whiplash costs the insurance industry around £2bn a year, or an average of £90 per policy, “which is out of all proportion to any genuine injury suffered,” the government said.Continue reading...
  
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• Government accelerates whiplash reforms to remove £1bn of costs

  25-11-2015 14:55
  
  Peta Fuller Postonline Chancellor of the Exchequer George Osborne committed to accelerating motor injury reforms in today’s (25 November) Autumn Statement, which are expected to remove more than £1bn from the cost of providing motor insurance.
  
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• Allianz's internal SII model gets regulators' approval

  25-11-2015 14:47
  
  Katie Marriner Postonline Allianz Insurance, as part of the Allianz SE group, has gained regulatory approval to implement an internal model to calculate capital requirements under Solvency II.
  
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• Osborne sets apprenticeships levy at 0.5% of payroll

  25-11-2015 14:43
  
  Companies with payrolls less than £3m a year will be effectively exempt
  
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• Osborne to end right to cash payouts for minor whiplash claims

  25-11-2015 14:22
  
  Chancellor says reforms will save £1bn from motor insurance costs
  
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• Allianz offers higher limits to brokers in excess liability cover revamp

  25-11-2015 14:06
  
  The insurer has also extended its list of approved primary insurers.
  
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• Penny Black's Social World - 26 November 2015

  25-11-2015 13:23
  
  Penny Black Postonline All the latest online news
  
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• Broker bites video part 3: The Great Debate

  25-11-2015 13:20
  
  What does professionalism in broking mean to you?
  
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• Penny Black's Insurance Week - 26 November 2015

  25-11-2015 13:07
  
  Penny Black Postonline A robber shouldn’t target an insurer’s chief digital officer – even if all his family’s smartphones are conveniently charging by a kitchen window overnight.
  
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• Crawford merges EMEA/AP, Canada and Latin America units

  25-11-2015 12:23
  
  Expanded roles for Ian Muress and Kieran Rigby in restructure
  
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• Driverless cars spell trouble for insurers - AXA underwriting boss

  25-11-2015 12:06
  
  Completely driverless cars are expected to be commonplace by 2030 
  
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• Episode 3: Studio chaos in the Broker Apprentice

  25-11-2015 12:02
  
  The two teams create video presentations for students to promote a career in broking.
  
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• Hastings pays back £310m outstanding bonds

  25-11-2015 11:58
  
  Insurance group uses new term loan and exiting free cash to redeem bonds
  
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• Microbrewery product launched

  25-11-2015 11:55 via insuranceage.co.uk
  
  Commercial combined cover for microbreweries has been set up by Thames Underwriting.
  
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• Insurance debate: Pride is a good thing

  25-11-2015 11:55
  
  Michèle Bacchus Postonline If you could choose two phrases to sum up the industry, would they be 'lucrative' and 'cutting edge'?
  
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• The Insurance Debate: Be proud of the value you offer

  25-11-2015 11:50
  
  Matt Green, of Idex Consulting, argues the sector needs to take more pride in the value it offers to attract talent.
  
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• Editor's Comment: A significant loss for AIG?

  25-11-2015 11:28
  
  Stephanie Denton Postonline The news that AIG’s UK managing director Jacqueline McNamee is among those implicated in the cost-cutting and restructuring initiative for the insurer, which is expected to cost $500m (£326.9m) but also create annualised savings of $400m to $500m, has come as something of a shock to the market.
  
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• Insurance debate: Allianz believes trust is a top priority

  25-11-2015 10:15
  
  Michèle Bacchus Postonline To change public perception, a cultural shift and improved technology are needed, says Stephanie Smith, operations director for Allianz.
  
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• Expertise from A-Z: Safe as houses

  25-11-2015 10:00
  
  Edmund Tirbutt Postonline Overseas investment in London has meant high and stable property prices. How can insurers stay in touch in such a competitive arena?
  
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• Expertise from A-Z: London property deals stacking up

  25-11-2015 10:00
  
  John Dunn Postonline The diverse scope of overseas clients requires greater communication than ever between insurer, broker and investor
  
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• Alton Towers crash caused by human error

  25-11-2015 09:34
  
  No technical or mechanical problems found with ride
  
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• FCA probe shows importance of big data to insurers

  25-11-2015 09:05
  
  Data use could improve trust and sustainability in industry, says EY partner
  
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• MUM launches PI product for brokers

  25-11-2015 09:00
  
  CEO Charles Manchester says the conditions are now right for such products.
  
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• The Insurance Debate: Think about the customer journey

  25-11-2015 08:58 via insuranceage.co.uk
  
  Stephanie Smith, retail ops director at Allianz, says the industry needs to do two things to earn customers’ trust.
  
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• Third of drivers approve of giving false details to get cheaper cover

  25-11-2015 08:34
  
  Findings illustrate disconnect between consumers and insurance – LexisNexis
  
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• One-third of drivers approve of giving false details to get cheaper cover

  25-11-2015 08:34
  
  Findings illustrate disconnect between consumers and insurance – LexisNexis
  
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• A third of drivers approve of giving false details to get cheaper cover

  25-11-2015 08:34
  
  Findings illustrate disconnect between consumers and insurance - LexisNexis
  
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• Ortega to lead Chubb in Asia-Pacific after Ace deal completes

  25-11-2015 07:55
  
  Andrew Tjaardstra Postonline Juan Luis Ortega, Asia-Pacific president at Ace, will lead the merged entities of Ace and Chubb in the region.
  
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• Property insurance rates down 5%: Marsh

  25-11-2015 04:41
  Global property rates fell by 5 percent in the third quarter
  according to big-three broker Marsh.It was the eleventh-successive quarter of rate decreases in the
  property space, however the intermediary showed that the severity
  of the reductions has increased in the past year.Marsh said the rate reductions were most pronounced in the
  Asia-Pacific region where they were in excess of 7.5 percent,
  whilst the US, UK and Continental Europe all saw reductions of
  between 2.5 and 5 percent....
  
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• C-Suite: Tracking driving behaviour on the smartphone

  25-11-2015 04:05
  
  Paul Stacy, WunelliPostonline Smartphone telematics apps are providing valuable data for insurers writes Paul Stacy.
  
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