Insurance news

• Amlin enters cyber market with Marsh hire

  04-12-2015 20:25
  Amlin has hired Marsh cyber practice leader Stephen Wares to set
  up a new cyber unit at its Lloyd's Syndicate 2001,
  The Insurance Insider can reveal.
  Wares has been cyber practice leader for Europe, the Middle East
  and Africa at the broker since 2012, heading up a team of 20
  UK-based staff. He will leave Marsh in May next year to begin his
  new role.
  The appointment means Amlin will directly enter the cyber
  insurance market for the first time....
  
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• ABI criticises FCA's late decision on complaints rules timeframes

  04-12-2015 18:14
  
  Katie Marriner Postonline The Association of British Insurers is disappointed the Financial Conduct Authority's amendment to the implementation date for changes to complaints handling and reporting processes, announced today (4 December), has come too late to avoid insurers incurring additional costs.
  
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• Catlin and former Home Secretary back 'Cyber Re' idea

  04-12-2015 18:13
  
  Peta Fuller Postonline Insurer boss Stephen Catlin and former Home Secretary Lord David Blunkett have both expressed support for the idea of a government-backed reinsurance scheme for cyber crime.
  
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• Brokerbility breaks £50m GWP barrier with London broker acquisition

  04-12-2015 17:43
  
  Company buys Churchill Insurance Consultants
  
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• Brokerbility buys Churchill Insurance Consultants

  04-12-2015 16:47 via insuranceage.co.uk
  
  Brokerbility Holdings Insurance Brokers says acquisition takes it past £50m GWP mark.
  
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• BGL in talks with staff as future of Dutch aggregator arm in doubt

  04-12-2015 16:26
  
  BGL says if it cannot find a buyer for hoyhoy the business will be closed
  
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• Impact Forum: Apple to launch electric car in 2019 predicts government adviser

  04-12-2015 15:28
  
  Jonathan Swift Postonline Technology giant Apple has been tipped by a government adviser to launch into the motor market by 2019.
  
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• Zurich increases job cuts to 1,800

  04-12-2015 13:36
  Zurich Insurance Group has increased the number of jobs it plans to
  eliminate to 1,800 as part of ongoing restructuring plans.
  After announcing in November that it planned to axe 440 jobs,
  the insurer told Bloomberg yesterday (3 December) that this number
  would increase to 1,800, including 500 jobs at Zurich Germany, 440
  in the UK, 360 jobs at Zurich Global Corporate and 200 general
  insurance jobs in Switzerland.
  In addition, 300 positions in group operations based in
  Switzerland will...
  
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• PRA to focus on underwriting in 2016

  04-12-2015 13:36
  UK watchdog the Prudential Regulation Authority (PRA) will begin
  to shift its focus toward underwriting and pricing governance from
  next year, director of general insurance Chris Moulder said
  yesterday (3 December).
  Speaking at the Westminster Business Forum, Moulder said that in
  the build-up to Solvency II - which comes into effect on 1 January
  - the PRA had been broadly focused on capital and reserving.
  However, he added that the regulator's focus would now
  change.
  "We will be interested to...
  
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• Impact Forum: Renewable energy equal with cyber in terms of Lloyd's growth potential

  04-12-2015 13:35
  
  Jonathan Swift Postonline Reneweable energy is among the burgeoning new classes of business in the Lloyd’s and London markets, alongside cyber,it was claimed yesterday at the Post Impact Forum.
  
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• Cobra buys Upminster-based broker Philip Paul

  04-12-2015 13:05
  
  Group to announce further acquisitions ‘in due course’
  
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• Stephen Catlin: We need a CyberRe

  04-12-2015 12:23
  
  Catlin says exposure is too big for insurers to be able to respond.
  
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• Broking Break: Hitting the headlines

  04-12-2015 12:20 via insuranceage.co.uk
  
  Another busy week for broking – but what was your top story?
  
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• Gauntlet launches directly authorised network

  04-12-2015 11:16 via insuranceage.co.uk
  
  Leeds-based broker sets up Gauntlet Broker Partnership for directly authorised brokers.
  
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• Former Aviva employee given 10 month sentence for stealing customer account details

  04-12-2015 11:13
  
  Sentence suspended for 12 months.
  
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• Ex-Aviva employee given 10 month sentence for stealing customer account details

  04-12-2015 11:13 via insuranceage.co.uk
  
  Sentence suspended for 12 months.
  
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• Quizzical questions: 4 December 2015

  04-12-2015 11:00 via insuranceage.co.uk
  
  Test your knowledge of the week’s news with our topical news quiz.
  
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• Quiz of the week - 4 December

  04-12-2015 11:00
  
  Peta Fuller Postonline Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
  
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• Broker Apprentice: The school challenge winners

  04-12-2015 10:23
  
  Michael Lawrence, personal lines director at LV, assess how the students reacted to the Broker Apprentices’ video presentations.
  
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• Liverpool is whiplash capital of UK, actuary report reveals

  04-12-2015 09:12
  
  City tops list of perosnal injury hotspots for insurers to watch out for 
  
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• Claims farmers now targeting vehicle damage, leading actuary warns

  04-12-2015 09:08
  
  Leading actuary warns that claims farmers are finding new tricks to make money post-LASPO
  
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• Towers investors urged to reject Willis bid amid unfair deal claims

  04-12-2015 08:22
  
  Willis and Towers Watson merger facing hurdles over deal price
  
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• Ex-LV= personal lines underwriting head resurfaces at Esure

  04-12-2015 07:30
  
  Elspeth Hackett has been appointed as head of personal lines at Esure in a newly created role
  
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• Asda to end Brightside motor affinity deal

  04-12-2015 07:30
  
  Broker says move will have ‘negligible’ effect on affinity revenues as it will continue to renew products
  
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• Glass Lewis delivers another blow to Willis-Towers Watson merger

  04-12-2015 01:10
  Towers Watson shareholders should still vote against the
  consultancy firm's proposed merger with Willis despite the
  offer of a higher cash dividend, according to Glass Lewis.
  The recommendation from the proxy firm represents another blow
  for the proposed tie-up, with a growing consensus that the
  restructured merger of equals (MoE) will not go through.
  According to a Bloomberg report, Glass Lewis issued an update
  that said the transaction remains "inappropriately
  structured" as it advised Towers
  
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