Insurance news

• SSP may not be able to restore week's worth of archived data

  15-09-2016 18:14
  
  First phase of restoration work is nearly complete
  
  Read more

• Willis Australasia head jumps ship to JLT

  15-09-2016 17:29
  Willis Towers Watson Australasia chairman and CEO Tony Barber has
  switched to rival broker JLT after less than a year in the job.
  It is understood Barber will become JLT's chairman of
  specialty in Australia, reporting to country CEO Leo Demer.
  In a separate statement, Willis Towers Watson announced that
  Andrew Boal was to become regional head of Australasia following
  Barber's exit.
  Boal most recently served as head of large accounts for
  Australasia and general manager of corporate risk and...
  
  Read more

• SSP admits it will take weeks to restore customers fully

  15-09-2016 17:18
  
  Software company still to get all customers back online.
  
  Read more

• Aviva to cut 85 jobs in Leicester and London

  15-09-2016 17:07 via insuranceage.co.uk
  
  The insurer will also close its Cambridge office at the end of the year.
  
  Read more

• Advertisement

• Treasury Committee's Solvency II inquiry to focus on capital requirements for annuities

  15-09-2016 16:28
  
  The Treasury Committee’s inquiry into Solvency II post-Brexit is likely to examine capital requirements for annuities and potential risks for reinsurers, according to Fitch Ratings.
  
  Read more

• Tom Hamill to lead delegated authority work at LMA

  15-09-2016 15:55
  The Lloyd's Market Association (LMA) has appointed Tom Hamill
  as senior executive, underwriting, it announced today.
  Hamill joins from Channel Managing Agency where he held the
  position of delegated underwriting coordinator. Before that he
  worked in the delegated authority team at Amlin.
  He will become the LMA's main point of contact for the
  market for all forms of delegated authority, working in close
  liaison with Lloyd's and the other market associations.
  Hamill's role will encompass supportin
  
  Read more

• Starr appoints financial lines VP

  15-09-2016 15:55
  Starr Companies has announced the appointment of Tim Haggerty as
  vice president of its financial lines division.
  In his new role, Haggerty will be responsible for the growth and
  resource management of Starr's public company management
  liability products and clients.
  The executive has 24 years of experience in the insurance and
  financial services sectors.
  His areas of expertise include liability lines such as
  directors' and officers', employment practices and
  fiduciary, as well as fidelity insura
  
  Read more

• Aviva to cut 85 full-time roles in Leicester and London

  15-09-2016 15:44
  
  Aviva will cut 85 full-time roles from its commercial underwriting teams as a result of a refocus on its digital and local trading solutions.
  
  Read more

• Advertisement

• Playboy model and martial arts expert found guilty of making false insurance claim

  15-09-2016 14:43 via insuranceage.co.uk
  
  Facebook photos were used as evidence at Wandsworth Crown Court.
  
  Read more

• Aviva to cut commercial underwriting jobs amid online shift

  15-09-2016 13:52
  
  Aviva will also close its Cambridge office
  
  Read more

• UK bonuses soar to £44bn beating pre-financial crash peak for the first time

  15-09-2016 13:49
  
  Finance and insurance workers received highest average payout at £13,400 while health and social care staff got virtually nothingBritish companies paid a record of more than £44bn in bonuses last year, as employers outside the financial sector pushed payouts beyond the 2008 peak. Total bonus payments in the year to the end of March rose 4.4% to £44.3bn, according to Office for National Statistics (ONS) figures. The total in cash terms beat the record of £42.5bn that had s
  
  Read more

• British firms paid out record £44bn in bonuses last year

  15-09-2016 13:49
  
  Finance and insurance workers received highest average payout at £13,400 while health and social care staff got virtually nothingBritish companies paid a record of more than £44bn in bonuses last year, as employers outside the financial sector pushed payouts beyond the 2008 peak. Total bonus payments in the year to the end of March rose 4.4% to £44.3bn, according to Office for National Statistics (ONS) figures. The total in cash terms beat the record of £42.5bn that had s
  
  Read more

• Chubb expands UK cyber risk capabilities

  15-09-2016 13:33
  
  Chubb has expanded its cyber risk engineering capabilities in the UK and Ireland.
  
  Read more

• Analysis: Why motor insurers DO have a future with driverless cars

  15-09-2016 12:47
  
  How motor insurers are adapting to a world of autonomous technology
  
  Read more

• Analysis: Why motor insurers DO have a future in a world of driverless cars

  15-09-2016 12:47
  
  How motor insurers are adapting to a world of autonoous technology 
  
  Read more

• Cold calling ban on solicitors could be dropped by SRA

  15-09-2016 12:41
  
  The rule which bans solicitors from cold-calling members of the public could be dropped as part of the Solicitors Regulation Authority handbook review, prompting lawyers and insurers to urge against the move.
  
  Read more

• Westminster and London MP calls for regulatory rethink post-Brexit

  15-09-2016 11:24
  Cities of Westminster and London MP Mark Field has called for
  the UK's financial watchdogs to review the cumulative impact of
  regulation on the (re)insurance sector and to play a more proactive
  role in its growth.
  The Conservative MP for the Cities of London and Westminster
  wrote in City AM this morning that there was an
  opportunity for the UK regulators to ensure the current level of
  regulation was not damaging London's insurance market.
  "Insurers would now like government to...
  
  Read more

• CPPGroup writes off £6.5m plus cash to break with SSP

  15-09-2016 11:17 via insuranceage.co.uk
  
  The credit card, mobile phone, legal and identity insurer said it would develop its own IT platform.
  
  Read more

• One third of UK firms now buy cyber cover

  15-09-2016 11:13
  
  UK firms are taking increasingly seriously the need for adequate cyber insurance, with 29% of businesses now in the process of buying cover.
  
  Read more

• H&H Insurance opens in Scotland

  15-09-2016 10:32
  
  Broker’s new office targeting business throughout the Scottish Borders.
  
  Read more

• Video 4: Expertise from A - Z Marine Cargo

  15-09-2016 10:00 via insuranceage.co.uk
  
  In the penultimate episode Allianz's Ben Woodman talks about key pieces of information brokers must know.
  
  Read more

• Law Society rejects ABI claims over solicitors' fraud 'connection'

  15-09-2016 09:39
  
  Catherine Dixon says society does not accept that solicitors are facilitating fraudulent claims
  
  Read more

• Cyber-attack fears drives increase in insurance take-up

  15-09-2016 09:10
  
  Almost a third of firms are buying cyber attack insurance - up from 14% last year
  
  Read more

• Towergate makes senior hire to lead new London market unit

  15-09-2016 08:59
  
  Unit will sit alongside casualty and liability units
  
  Read more

• Lorica boss replaced by joint chief executives

  15-09-2016 08:58
  
  Commercial broker is also understood to bbe for sale
  
  Read more

• Ex-Towergate small business unit chief joins Markel

  15-09-2016 08:58
  
  The insurer has plans to expand in the broker and affinity markets
  
  Read more

• SSP loses major IT platform customer

  15-09-2016 07:30
  
  Further blow for troubled software house SSP
  
  Read more

Follow @Insurance_UKnws on Twitter!