Insurance news

• Week in Post: Moving house, losing trust, and diversity

  30-09-2016 23:00
  Having recently moved from the outskirts of London to Somerset to increase my rebellious teenage son's chances of staying at school, I now understand why Londoners might be considered slightly arrogant.
  
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• Week in Post: Moving house, diversity and distrust

  30-09-2016 19:58
  Having recently moved from the outskirts of London to Somerset to increase my rebellious teenage son's chances of staying at school, I now understand why Londoners might be considered slightly arrogant.
  
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• TigerRisk UK CEO Goldsmith to retire as Crawley steps up

  30-09-2016 19:49
  John Goldsmith will retire from his position as chairman and CEO
  of TigerRisk's London operations at the end of the year.
  The executive is closing out a 50-year career which culminated
  in a return to the market with the Rod Fox-headed firm to launch
  its London platform in 2011.
  He will be replaced by Hugo Crawley, the former BMS chairman who
  joined TigerRisk in 2012 after 30 years with the London broker.
  Goldsmith was semi-retired and on the boards of...
  
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• Gable CEO Dewsall lambasts "devastating" Solvency II as Brexit blamed for £2.3m loss

  30-09-2016 19:27
  
  The chief executive of Gable Holdings has described the impact of Solvency II as “devastating” and that it had rendered its business model “obsolete”.
  
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• Golf: Zurich Insurance Masters highlights

  30-09-2016 17:57 via insuranceage.co.uk
  
  Brokers coming to terms with the course at The Grove in Hertfordshire.
  
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• Dewsall blasts ‘devastating’ Solvency II as Gable posts loss

  30-09-2016 17:37
  
  Chief executive provides further details on Gable’s future shape
  
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• Home & Legacy launches renewed Halo platform

  30-09-2016 16:49
  
  High net worth insurer Home & Legacy has launched an online trading platform for brokers.
  
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• UK motor insurers in 'false sense of security', could lose three quarters of revenue

  30-09-2016 16:48
  
  The UK motor insurance market could see a 75% drop in premiums by the year 2040, falling from the current £18.5bn a year to just £4.6bn.
  
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• Enterprise Insurance customers warned to find new cover

  30-09-2016 16:36
  
  The insurer’s liquidator has written to brokers warning of date when policies will be cancelled
  
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• Comparison sites welcome competition watchdog review

  30-09-2016 16:31
  
  Price comparison sites have welcomed a review into their business practices by the competition watchdog.
  
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• Arch hires A&H insurance head for US

  30-09-2016 14:35
  Bermudian carrier Arch has appointed James Slate as head of its US
  accident and health (A&H) insurance business.
  He replaces Richard Richiski, who retired earlier this year.
  Slate will be based in Jersey City, New Jersey and will report
  to Michael Price, Arch Insurance Group's chief underwriting
  officer in the US.
  He joins the company from AIG, where he had served most recently
  as head of A&H in the US from 2014.
  Prior to that he was the carrier's head...
  
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• Zurich Insurance Masters - brokers get ready for the final

  30-09-2016 14:07 via insuranceage.co.uk
  
  The contestants are warming up at The Grove in Hertfordshire.
  
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• LV boss Tyson to leave following executive restructure

  30-09-2016 14:06
  
  Julia Tyson, HR director at LV Group has left her position with the UK insurer after an executive team review by new CEO Richard Rowney.
  
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• The October issue of Post

  30-09-2016 13:43
  
  Fresh from the press!
  
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• Selling your business – your ‘Sliding Doors’ moment

  30-09-2016 13:15 via insuranceage.co.uk
  
  Ian Stutz looks at the 'what ifs' of saying goodbye to your business.
  
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• Home & Legacy unveils new e-trading platform HALO

  30-09-2016 13:03
  
  Insurer says HALO will take it to the forefront of high net worth e-trade
  
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• Home & Legacy unveils e-trading platform HALO

  30-09-2016 13:03
  
  Insurer says HALO will take it to the forefront of high net worth e-trade
  
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• Data protection changes post-Brexit 'could be quagmire of complexity'

  30-09-2016 12:43
  
  The UK must mirror the EU’s data protection regime post-Brexit to avoid a “quagmire of complexity”, insurance bodies have told Post.
  
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• UK premium tax hike 'raid on the responsible': ABI

  30-09-2016 12:42
  The Association of British Insurers (ABI) has criticised an
  increase in the UK's insurance premium tax to 10 percent as a
  "raid on the responsible".
  In a statement released ahead of the increase on 1 October, the
  ABI said the changes, which affect most general insurance premiums
  in the country, would hit customers for the second time in a year,
  following a prior jump from 6 percent to 9.5 percent last
  November.
  The average prices for medical insurance policies would...
  
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• R&Q completes Belgian aviation legacy transfer

  30-09-2016 12:42
  Legacy specialist Randall and Quilter (R&Q) has received
  regulatory approval for its transfer of legacy liabilities at
  Belgian aviation (re)insurer Aviabel.
  The company had previously written a reinsurance of the
  contracts, but has now formally removed the liabilities from
  Aviabel's books.
  The financial terms of the transaction were not disclosed.
  The liability moves to R&Q's Malta-based operation RQIM,
  which was set up in 2013 for the purpose of consolidating owned and
  acquired insuranc
  
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• Moore Stephens unveils partnership with NTT

  30-09-2016 12:42
  Moore Stephens Consulting has agreed a deal with Tokyo-based IT
  services provider NTT Data to supply its Rulebook platform in Asia.
  NTT will provide configuration and testing for the global IT
  consulting firm's platform, as well as monitoring cloud and
  support services for clients.
  Moore Stephens said it would officially launch the product at
  the East Asian Insurance Congress in Macau from 11 October.
  RuleBook is an underwriting, pricing and distribution platform
  already active in the London mar
  
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• Chubb appoints Asia Pacific property head

  30-09-2016 12:42
  Global carrier Chubb has promoted Michael Frazer to head of
  property for the Asia Pacific region.
  He replaces Jason Keen, who was recently promoted to regional
  head of P&C for Asia Pacific.
  Frazer will continue to be based in Singapore and will report to
  Keen.
  He previously served as head of energy and technical lines from
  2012, having joined legacy Ace in 1999.
  He has also held a number of property and energy underwriting
  roles, including as property manager in...
  
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• Besso Ebitda rises 15% in 2015

  30-09-2016 12:42
  Besso Insurance Group reported a 15 percent increase in Ebitda
  to £4.17mn for calendar-year 2015, with margins essentially
  flat, according to accounts filed with Companies House.
  Revenues rose by 16 percent to £37.6mn ($49.8mn) in the 12
  months to 31 December, the company disclosed.
  Looking forward, chairman and chief executive Colin Bird said
  2016 had picked up where the most recent results left off on the
  back of "strong strategic plans" for future growth.
  Operating profits at the
  
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• Golf: Zurich Insurance Masters – The Final and winners

  30-09-2016 11:52 via insuranceage.co.uk
  
  Catch up with all the news in our blog from the course.
  
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• Golf: Zurich Insurance Masters – The Final

  30-09-2016 11:52 via insuranceage.co.uk
  
  Stay up to date with all the latest news with our live blog direct from the course.
  
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• Helios looks to raise £8.45m on stock exchange

  30-09-2016 11:13
  
  Helios is aiming to raise £8.45m by issuing new shares on the stock exchange.
  
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• Tullow confirms Jubilee BI cover valid

  30-09-2016 10:58
  Tullow Oil, the operator of the damaged Kwame Nkrumah
  floating production, storage and offloading (FPSO) vessel, has
  confirmed its insurers have accepted business interruption (BI)
  claims as recoverable.
  In a statement released today, the company said its lead
  insurers would provide cover for loss of revenue as a result of
  production outages.
  The losses relate to the failure of the vessel's anchoring
  and the downtime associated with work needed to re-establish normal
  operations at the Jubilee oi
  
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• Market moves October 2016: Contrasting markets

  30-09-2016 10:33 via insuranceage.co.uk
  
  As autumn commences brokers have been surprisingly inactive when it comes to market moves
  
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• Andrew Burke pleased with owner’s backing as Das invests for the future

  30-09-2016 10:10 via insuranceage.co.uk
  
  After 2015’s losses CEO admits 2016 will be another year in the red but predicts 2017 turnaround in the figures.
  
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• R&Q acquires legacy book from Belgian insurer

  30-09-2016 10:07
  
  Randall and Quilter has taken on a portfolio of legacy exposures from Aviabel.
  
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• Das posts £5.7m loss for 2015

  30-09-2016 10:00 via insuranceage.co.uk
  
  GWP drops 23% at legal expenses insurer as parent company injects £5.3m.
  
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• Lloyd's underwriter announces fundraising

  30-09-2016 09:41
  
  Lloyd’s underwriter Helios to raise cash through placing, open offer
  
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• Broking success: Tony Knight, Knightsure

  30-09-2016 09:15 via insuranceage.co.uk
  
  The old school approach: Knightsure director Tony Knight prides himself on his old school, face-to-face approach, but is not afraid to take on new challenges such as cyber or how to thrive in the post-Brexit world
  
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• Kelliher sets out growth plans

  30-09-2016 09:08
  
  Group celebrates 30th anniversary of core business Kerry London
  
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• R&Q acquires Belgian legacy exposures

  30-09-2016 08:52
  
  R&Q ‘excited’ about acquisition pipeline
  
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• Insurance urged to set out united Brexit message

  30-09-2016 08:41
  
  Industry urged to form coherent message for post Brexit world
  
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• Blog: Three ways to build lasting customer relationships

  30-09-2016 08:03
  
  Designing customer experience for simplicity, context and consistency can help build loyalty.
  
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• Pricing under pressure in warranty and indemnity as new entrants target market

  30-09-2016 08:00
  
  With 2015 the biggest ever year for mergers and acquisitions globally, demand for warranty and indemnity insurance is rising rapidly.
  
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• Ferraris and Porsches among uninsured luxury cars seized by police in 2016

  30-09-2016 01:15
  
  Porsches, Ferraris, Bentleys and Maseratis are among the 22,000 uninsured vehicles seized by police in 2016, a new survey found.
  
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• Insurance premium tax goes up to 10% in second increase in less than a year

  30-09-2016 01:00
  
  Insurance premium tax rates have gone up to 10% today, marking an overall rise of 66% in less than a year.
  
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