Insurer News – Page 229
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News
BGL on recruitment drive as it sets up digital hub in London
The office in Shoreditch will be involved in research and development and development of data and analytics
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London Market Group to survey insurance skills gaps
Survey to identify talents needed in future insurance market
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Allianz personal lines underwriting boss Tom Moss departs
Allianz broking director Simon Brimicombe will assume Moss’s role until replacement is found
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UK commercial rates among fastest falling globally in Q3
Rates fell by more than 7.5%, Marsh quarterly study finds
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Regulators approve Allianz’s solvency capital model
German, UK and other EU regulators sign off insurer’s internal model
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Insurers welcome Osborne's whiplash crackdown
Industry hails ’breakthrough in tackling compensation culture”
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AXA pens five-year deal with Towergate-owned BiBU
The contract which comes into force in January 2016 was previously held by RSA
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Osborne sets apprenticeships levy at 0.5% of payroll
Companies with payrolls less than £3m a year will be effectively exempt
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Allianz offers higher limits to brokers in excess liability cover revamp
The insurer has also extended its list of approved primary insurers
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Driverless cars spell trouble for insurers - AXA underwriting boss
Completely driverless cars are expected to be commonplace by 2030
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Hastings pays back £310m outstanding bonds
Insurance group uses new term loan and exiting free cash to redeem bonds
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FCA probe shows importance of Big Data to insurers
Data use could improve trust and sustainability in industry, says EY partner
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Third of drivers approve of giving false details to get cheaper cover
Findings illustrate disconnect between consumers and insurance – LexisNexis
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CNA Hardy plots regional expansion with fifth branch
The insurer makes a raft of appointments to support the expansion plans
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Online only
Cyber policies are a ‘mess’ of many different risks
Cyber policy wordings need refining if they are to be sold better, delegates at Cyber Insights 2015 hear
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FCA kicks off Big Data probe with call for information
Regulator wants views on how data use affects customers and competition in general insurance
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AIG offers mid-market supply chain finance product
Teams up with PrimeRevenue to help fund non-investment grade businesses
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Allianz aims for €1bn savings, looking for acquisitions
Insurer sets three-year financial targets, refocusing business on growth
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Covéa revamps e-traded tradesman offering
Change is part of wider plans to revamp entire small business product range
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London Market underprepared for TalkTalk-style hacking
Only one-third of London Market insurers believe their firms can withstand major cyber-attack – Xchanging survey