Insurance news

• Interview: Richard Hoskins: Coming home to Hastings

  30-11-2015 18:02
  
  Callum BrodiePostonline From the East Coast of America to East Sussex, Richard Hoskins explains what brought him back to his old stomping ground in Bexhill and why he has high hopes for the recently floated Hastings Insurance Group.
  
  Read more

• Trust in Insurance: Blog: How deep is your love?

  30-11-2015 17:34
  
  James Daley Postonline The aim to make money means customers start with the assumption that insurers will reject claims.
  
  Read more

• C-Suite - Insurer: Standing strong together

  30-11-2015 17:26
  
  Sarah Mallaby Postonline Regulation of CMCs is welcome, but the industry can also do its bit to show it isn’t a pushover.
  
  Read more

• European Parliament votes on brokers to disclose pay structure

  30-11-2015 14:09
  
  But under plans for the IDD the Parliament has not called for a mandatory disclosure of how much they get paid
  
  Read more

• Advertisement

• FSCS projects no interim levy this year

  30-11-2015 13:38
  Further good news for brokers following £0 annual levy for 2015/16.
  
  Read more

• Aon teams up with Xchanging

  30-11-2015 13:36 via insuranceage.co.uk
  
  Aon to use Xchanging’s Xuber platform for wholesale broker operations for the London Market.
  
  Read more

• Peer-to-peer insurers tipped as attractive M&A targets

  30-11-2015 13:16
  
  Katie Marriner Postonline Acquiring peer-to-peer insurance companies has been tipped as a way for traditional insurers to protect market share as the demand for insurance products changes, a Deloitte report claims.
  
  Read more

• Claims Club: Mediators told to emphasise service to claims professionals

  30-11-2015 12:40
  
  Jonathan Swift Postonline Mediation practitioners must shoulder some of the blame as to why insurance claims managers have not made greater use of their services, according to Expedite Resolution director and mediator Phil Hesketh.
  
  Read more

• Advertisement

• Claims Club: Mobile phone payments key to improving satisfaction scores

  30-11-2015 12:33
  
  Jonathan Swift Postonline Insurers need to wake up to the growing trend of customers using their mobile phones as a “unique” ID, which could help speed up claims payments and improvesatisfaction scores.
  
  Read more

• Northern Ireland headquartered broker invests £1.2m

  30-11-2015 12:26
  Dickson & Co targeting 30 new jobs over the next two years.
  
  Read more

• Suncorp: 2014 Brisbane hailstorm bill hits A$340mn

  30-11-2015 12:19
  Australian carrier Suncorp has revealed that it has paid more
  than A$343mn ($246.8mn) to settle more than 90 percent of its
  claims from a major hailstorm that hit Brisbane in November last
  year.
  In December 2014, Suncorp predicted that it would incur A$250mn
  of losses as a result of the hailstorm, equivalent to the
  firm's maximum retention for claims arising from natural hazard
  events.
  The storm produced hailstones the size of cricket balls, causing
  damage to homes and cars in...
  
  Read more

• St Bernard Assure bought by SBT Alliance

  30-11-2015 12:19
  Investment firm SBT Alliance has acquired Gibraltar-domiciled
  specialty and motor start-up St Bernard Assure from Mark
  Byrne's Haverford Holdings for an undisclosed sum.
  St Bernard's CEO William Fawcett will continue to lead the
  business in the role of executive chairman following the
  acquisition.
  The transaction was approved at an extraordinary meeting of St
  Bernard's shareholders on 16 November after regulatory approval
  had been obtained from the Gibraltar Financial Services Commission
  earlier
  
  Read more

• BTG Pactual CEO resigns amid corruption probe

  30-11-2015 12:19
  André Esteves resigned as CEO and chairman of Brazilian
  investment bank BTG Pactual late on Sunday (29 November) after he
  was detained in relation to the corruption scandal that has dogged
  Brazilian state-owned oil firm Petrobras.
  Esteves denied the allegations after prosecutors accused him of
  obstructing a long-running investigation into graft at
  Petrobras.
  Brazilian newspapers said police had found documents allegedly
  linking BTG Pactual to the payment of bribes to ruling coalition
  lawm
  
  Read more

• Australian bushfire insured losses hit A$75mn

  30-11-2015 12:19
  Insured losses from bushfires in South Australia have now reached
  A$75mn ($54mn), according to the Insurance Council of Australia
  (ICA).
  The body said in a statement today (30 November) that the number
  of claims from the north of Adelaide had reached 525.
  Insured losses are expected to rise significantly in the coming
  days as assessors continue to investigate claims from
  policyholders.
  Last week (26 November) the ICA officially declared bushfires
  around Adelaide a catastrophe.
  At the time, the f
  
  Read more

• ArgoGlobal appoints accident and health underwriter

  30-11-2015 12:19
  ArgoGlobal has appointed Adam Zawia as accident and health class
  underwriter, the Lloyd's insurer announced today (30 November).
  Zawia will report to John Moffatt, head of specialty,
  ArgoGlobal.
  He joins from Catlin, where he was class underwriter, accident
  and health, from 2011.
  In this role he worked across all areas of accident and health,
  including marine PA and medical, war risk, expat medical, general
  PA binders and line-slips, and workers' comp carve-out.
  Moffatt said: "I'm very pleased t
  
  Read more

• Belfast brokers encouraged to “embrace a FinTech future”

  30-11-2015 12:05
  
  Inaugural Digital Broker Belfast event ready for kick off on 3 December.
  
  Read more

• Fundamentally dishonest claimant to pay £4500 for Eldon PI con

  30-11-2015 11:37
  Callum BrodiePostonline A fundamentally dishonest personal injury claimant has been ordered to pay almost £4500 in defendant costs after it was found in court there was a deliberate attempt to deceive.
  
  Read more

• AXA beefs up management liability product

  30-11-2015 10:35
  
  Firm says it has to move quickly to respond to market needs
  
  Read more

• Zurich's Clandon Park fire seen costing £65m

  30-11-2015 10:18
  
  Fire helped halve Zurich UK’s first half GI operating profit
  
  Read more

• Zurich exits general insurance in Middle East

  30-11-2015 10:08
  
  Andrew Tjaardstra Postonline From today Zurich will no longer write business in the Middle East for non-life insurance.
  
  Read more

• Axa enhances management liability product

  30-11-2015 10:00 via insuranceage.co.uk
  Insurer adds negative social media crisis and public relations costs cover in string of updates.
  
  Read more

• Ace confirms Chubb personal lines leadership team post deal

  30-11-2015 09:45 via insuranceage.co.uk
  Simon Mobey to lead on high net worth.
  
  Read more

• Hiscox appoints Red24 to advise product liability clients

  30-11-2015 09:44
  
  Deal provides technical, regulatory and public relations support
  
  Read more

• Xchanging to provide software for Aon London Market operations

  30-11-2015 09:20
  
  Deal follows 20 smaller contracts
  
  Read more

• AIG reportedly considering selling blocks of life policies

  30-11-2015 09:11
  
  US firm looks to tighten focus under pressure from activist investor Carl Icahn
  
  Read more

• Zurich to quit Middle East general insurance

  30-11-2015 09:00
  
  Swiss insurer to stop writing new business and renewing existing policies in the region from today
  
  Read more

Follow @Insurance_UKnws on Twitter!