Insurance news

• Wilson to succeed Cloutier as Brit CEO

  07-12-2016 19:17
  Brit Insurance CEO Mark Cloutier will step down from the role and
  become executive chairman at the end of the year, The
  Insurance Insider can reveal.
  It is understood that Matthew Wilson, Brit deputy CEO and
  Cloutier's long-term heir presumptive, will succeed to the
  position in January.
  Richard Ward, Brit non-executive chairman since 2014, will
  become lead independent non-executive director on the group board,
  sources said. He will also chair the board of regulated entity Brit
  Syndicate Ltd.
  Clo
  
  Read more

• Swiss Re names Hudzik North American casualty head

  07-12-2016 19:17
  Mike Hudzik will become head of Swiss Re's North American
  casualty unit from 1 January, replacing Nancy Bewlay who will leave
  the company following a transitional period, the company said
  yesterday (6 December).
  Hudzik is a more-than 30-year veteran of the North American
  casualty sector.
  He has since been senior vice president at Swiss Re simce July
  1998, with responsibility for casualty reinsurance treaty
  underwriting management for global and large clients.
  He joined Swiss Re from Zurich Finan
  
  Read more

• Axa to urge 8000 staff to report cold calls

  07-12-2016 18:11
  
  Axa said it will encourage its more than 8000 staff to report any cold calls they receive to a government whistleblower service, becoming the first insurer to take concrete action in Post’s #ColdCallCrackdown.
  
  Read more

• Government unveils plans to tackle rise of cold calling

  07-12-2016 18:01
  
  The government has unveiled plans to make it easier to tackle cold calling.
  
  Read more

• Advertisement

• Towergate hires Dilley as underwriting CEO

  07-12-2016 16:44
  UK broker Towergate's London managing general agency (MGA) has
  appointed Paul Dilley to its executive committee as CEO of
  underwriting.
  He joins the company from Arch, where he was deputy CUO of
  property in the European insurance business and ran the property
  and global energy books.
  Prior to that he was CUO for legacy Canopius' UK specialty
  segment, and has held the role of underwriting director at both QBE
  and Brit.
  Dilley replaces Adrian Brown, who had previously held the...
  
  Read more

• Gruber takes over from Larson at Great American

  07-12-2016 16:44
  Gary Gruber will take the position of president and COO of American
  Financial Group subsidiary Great American from 1 January 2017.
  The 40-year veteran of the Cincinnati-based specialty insurer is
  succeeding another Great American lifer, Donald Larson, who
  recently announced his intention to retire in March next year after
  more than 43 years at the company.
  Larson has been president and COO at the carrier for the past
  seven years, while Gruber has held the position of executive vice
  president...
  
  Read more

• Profile: Gary Humphreys, Markerstudy

  07-12-2016 15:15 via insuranceage.co.uk
  
  Making a mark: Markerstudy’s group underwriting director and second biggest shareholder Gary Humphreys tells Insurance Age about Brexit’s effect on regulation, acquisition strategies and the advantages of remaining unrated
  
  Read more

• News analysis: “Slow motion car crash” – Gable administration causes broker headache

  07-12-2016 15:14 via insuranceage.co.uk
  
  Brokers warn that Liechtenstein insurer’s collapse is bad for the whole industry, not just its clients
  
  Read more

• Advertisement

• Generali climbs amid Italian financial stock volatility

  07-12-2016 14:42
  Shares in Generali climbed almost 5 percent in morning trading
  today, rising alongside fellow Italian financial stocks as markets
  wait for news on a bailout of troubled bank Monte dei Paschi.
  The stock showed substantial volatility, surging to a high of
  EUR13.51 as of 11.16 GMT, up 5.3 percent from yesterday's
  closing price of EUR12.84.
  This represented a new high watermark for this year, surpassing
  the previous peak of EUR13.40 on 2 May.
  Italian financial shares have been the subject...
  
  Read more

• Aegis confirms Lineham hire as political risk underwriter

  07-12-2016 14:42
  Aegis has announced the appointment of David Lineham as class
  underwriter for political and financial risks at Syndicate 1225,
  confirming news reported by The Insurance
  Insiderin April.Lineham joined the company from XL Catlin in September,
  according to his LinkedIn profile.
  Sources previously told this publication that Aegis had been
  considering entering political risk for some time, and had signed
  up Lineham now as it looks to take advantage of the fallout from
  the merger that created XL Catli
  
  Read more

• Towergate names new underwriting CEO

  07-12-2016 14:38
  
  Towergate has appointed Paul Dilley as CEO of underwriting.
  
  Read more

• Thomas Miller Specialty partners with HDI Global

  07-12-2016 14:15
  
  Thomas Miller Specialty Offshore Marine & Energy has entered into an exclusive arrangement with HDI in the UK which will see HDI become the firm’s global insurance partner.
  
  Read more

• Change for Adrian Brown as Towergate makes major hire

  07-12-2016 14:05
  
  Recovering insurance broker Towergate adds to top team
  
  Read more

• Brexit will not affect HDI Global's UK presence

  07-12-2016 13:44
  
  Brexit will have no impact on HDI Global’s presence in the UK market, the company's chairman said.
  
  Read more

• Court orders ex-Ropner Insurance employee to pay £21,000 in client poaching case

  07-12-2016 13:12
  
  GRP spokesperson says firm is "pleased" with injunction decision and award of costs.
  
  Read more

• Insurers 'should re-examine evidence' from whiplash doctor ordered to pay £100,000

  07-12-2016 13:09
  
  Insurers are being urged to re-examine whiplash evidence provided by a doctor that was found guilty of exaggerating personal injury claims.
  
  Read more

• Insurers 'should re-examine evidence' after whiplash doctor to pay £100,000

  07-12-2016 13:09
  
  Insurers are being urged to re-examine whiplash evidence provided by a doctor accused of exaggerating personal injury claims.
  
  Read more

• Ropner wins injunction against former employee

  07-12-2016 12:48
  London market broker Ropner has secured a UK High Court
  injunction barring former divisional director Philip Wood from
  running his new firm Clearwood International, after a judge ruled
  that questions over whether he had broken non-compete clauses
  should be taken to trial.
  In a hearing at the Royal Courts of Justice in London yesterday,
  Judge Patrick Moloney QC said Wood would be prevented from
  contacting clients of Ropner that have signed to his new venture,
  and ordered him to abstain...
  
  Read more

• HDI to back Hellman's energy book at Thomas Miller

  07-12-2016 12:48
  Talanx subsidiary HDI UK has struck a deal with Thomas Miller
  Specialty to provide the paper for Bernt Hellman's newly
  installed marine and energy team, The Insurance
  Insider can reveal.
  Sources told this publication HDI Global's UK branch has
  signed a multi-year deal that will see it support most of the
  business written by Hellman and his team of six, including all of
  the energy book.
  It is understood Thomas Miller will commence writing with a
  $50mn energy line size...
  
  Read more

• CFC brings in Evercore for potential refinancing

  07-12-2016 12:02
  
  The MGA has appointed bankers to look at fresh investment but insisted it is not seeking a sale.
  
  Read more

• Thomas Miller Specialty and HDI to launch new marine and energy products in 2017

  07-12-2016 11:53
  
  MGA partners with insurer HDI following the arrival of its new offshore marine and energy team.
  
  Read more

• Insurance Times Brokerfest - register your free place now

  07-12-2016 11:52
  
  Join us for key insight and to network with broking’s best at Brokerfest 2017
  
  Read more

• Klein set to leave Guy Carpenter

  07-12-2016 11:02
  Reinsurance broking veteran Chris Klein is set to leave Guy
  Carpenter at the end of the year, The Insurance
  Insider can reveal.
  The executive is currently head of strategy management for
  Europe, the Middle East and Africa (Emea), based in London.
  Klein joined Guy Carpenter from rival Benfield nine years ago to
  establish the global business intelligence unit at the Marsh &
  McLennan Companies subsidiary.
  According to the executive's LinkedIn profile he is also
  responsible for managing relation
  
  Read more

• GRP-backed broker takes legal action against ex-employee

  07-12-2016 09:43
  
  A hearing was held yesterday to hear allegations brought by the GRP-backed broker
  
  Read more

• Perils pegs Italian quake losses at EUR31mn

  07-12-2016 09:36
  Catastrophe loss data specialist Perils has estimated EUR31mn
  ($33.3mn) of property insured losses from the October earthquakes
  that struck central Italy.
  The estimate is Perils' first of the destruction wrought by
  three earthquakes that occurred in Lazio, Marche and Umbria between
  26 October and 30 October.
  The series of three quakes with moment magnitudes of between 5.4
  to 6.5 affected many of the areas which had been struck earlier in
  the year by the 6.0 magnitude earthquake of 24 August....
  
  Read more

• Enstar confirms $919mn QBE legacy deal

  07-12-2016 09:36
  Enstar has announced it has entered into a conditional agreement
  with QBE to reinsure a US multi-line property and casualty business
  with gross reserves of $919mn, confirming news broken by this
  publication yesterday.The portfolio, which has net reserves of $444mn, primarily
  includes workers' compensation, construction defect, and
  general liability discontinued lines of business.
  Under the reinsurance transaction between Enstar and QBE
  subsidiaries, the legacy carrier will pledge a portion of pr
  
  Read more

• Global loss adjuster buys tech firm as it plots more acquisitions

  07-12-2016 09:22
  
  Loss adjuster reveals more details about acquisition strategy
  
  Read more

• Doctor ordered to pay costs to insurer over whiplash claim in UK first

  07-12-2016 09:21
  
  Court hearing outlines events that led to doctor to pay costs over the whiplash claim
  
  Read more

• Doctor accused of exaggerating whiplash claim settles with insurer

  07-12-2016 09:21
  
  Court hearing outlines events that led to doctor being accused of exaggerating claims
  
  Read more

• #ColdCallCrackdown campaign: The industry responds

  07-12-2016 08:15
  
  Live feed of reactions from the industry to Post's #coldcallcrackdown campaign. Sign up here.
  
  Read more

• Aetna establishes Singapore innovation hub

  07-12-2016 08:11
  
  US-headquartered health insurance giant Aetna has established an innovation hub in Singapore this month.
  
  Read more

• In Depth: Rise of the machines: How artificial intelligence will revolutionise insurance

  07-12-2016 08:00
  
  The impact of artificial intelligence on underwriting, claims and fraud detection
  
  Read more

• Getting the silent treatment from Europcar over my hire car accident claim

  07-12-2016 08:00
  
  I reported the incident immediately but 10 months on there’s no wordTen months ago another driver damaged a vehicle I was hiring through Europcar in Northern Ireland. I reported it straight away and assumed it would be a simple process. Two months later, after no communication from the company, Europcar wrote to inform me that as I had failed to respond to its requests for information my case had been closed. But I had received no such requests. I then received a letter saying it was still
  
  Read more

• Director of content's comment: Time to make a nuisance with a #coldcallcrackdown

  07-12-2016 08:00
  
  Earlier this year I blogged about a call I took from a rogue claims management company purporting to be a major player.
  
  Read more

• Roundtable: How to connect with the Millennial market

  07-12-2016 06:00
  
  Penetration into the under-30s market remains low despite new app-based products and innovative solutions. Post, in association with GMC software, hosted a roundtable to find out what more the industry can do to address this
  
  Read more

• Review of the year 2016

  07-12-2016 05:00
  
  2016 started with several UK regions under water, and then saw the launch of Flood Re. It underwent the largest overhaul of insurance law in a century and it finishes on a long awaited reform. Insurers, brokers and industry representatives are sharing their views on this eventful year.
  
  Read more

• Reforms given central place in US flood insurance debate

  07-12-2016 00:52
  A leading Republican in the US House of Representatives today
  laid out guiding principles to restore the financial footing of the
  National Flood Insurance Program (NFIP), including requiring the
  use of reinsurance and adopting measures that will bring more
  private carriers into the market.
  Housing and Insurance subcommittee chairman Blaine Luetkemeyer
  sketched out his proposals in a draft statement that pointed out
  the need to stabilise the programme, which owes the US Treasury
  $23bn from past f
  
  Read more

• North American P&C market heading for UW loss: Moody's

  07-12-2016 00:52
  North American property and casualty insurance players as a group
  are likely to slip into or below break-even territory on their
  underwriting through the next 12-18 months, Moody's said.
  The ratings agency said that combined ratios are likely to
  deteriorate from the mid-to-high 90s to 100 percent or more in the
  region.
  The forecasts were made as Moody's continued to forecast a
  stable outlook for the $2tn global industry as a whole.
  Despite rising prices for auto coverage, most rates...
  
  Read more

• Ironshore pulls out of Lexon acquisition

  07-12-2016 00:52
  Ironshore and Lexon have terminated an agreement for the Bermudian
  to buy the 80 percent in the surety bond specialist it doesn't
  already own.
  The news comes after the announcement yesterday that Ironshore
  agreed to be acquired by Liberty Mutual in a transaction valued at
  about $3bn.
  Ironshore announced the deal to buy the remaining shares of
  Nashville, Tennessee-based Lexon in April.
  The agreement to walk away from the deal was "mutual and
  amicable and will allow each party the...
  
  Read more

• Enstar in pole position to pick up QBE US legacy book

  07-12-2016 00:52
  Enstar is now the frontrunner to acquire the $800mn+ QBE US
  legacy book that has been under auction, The Insurance
  Insider can reveal.
  Sources said final round bidders also included Catalina and Armour,
  but New York-listed legacy player Enstar is now expected to
  prevail.
  Gross reserves on the book are understood to be upwards of $800mn,
  although net reserves are believed to amount to less than $500mn.
  In November, this publication reported that QBE had launched an
  auction process for...
  
  Read more

Follow @Insurance_UKnws on Twitter!