Insurer News – Page 239
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NewsAA’s new underwriting unit to have £7m of capital
Capital will be supported by reinsurance and co-insurance
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NewsL&G GI pricing and underwriting director to leave
Russell Byrne’s responsibilities to be assumed by commercial director Stuart Welch
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NewsLloyd's insurers launch cyber scheme for large non-US corporates
The consortium will provide cover against data breaches to non-US businesses with revenues in excess of $5bn
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NewsIFB's five-year fraud strategy 'on track'
Testing to identify organised fraudsters on claims database has begun
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NewsRSA's shares fall 21.5% as Zurich ends acquisition talks
Zurich decision triggered by deterioration in GI business as result of large losses and US motor woes
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NewsLarge losses and US motor woes ruin Zurich's RSA bid
Zurich Group GI chief exec Kristof Terryn will conduct an in-depth review of the business
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NewsAXA adds small fleet product to broker e-trade offering
Product typically covers fleets of between three and 15 vehicles
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Online onlyBeware bouncy castles - you could be sued
Most adults don’t know they could be liable for children injured on their property
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NewsBrightside/Autonet 'deal' breaks down - sources
Recently departed chief exec Andy Wallin is understood to have been driving the Autonet deal
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NewsFormer FSA chairman Lord Turner joins Prudential board
Former PwC insurance head David Law also named non-executive director
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NewsInsurance comes last in customer experience ranking
Only 11% of survey respondents said insurance had the best customer service
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NewsGoldman to get 400% return from Hastings IPO – report
Float could value insurance and broking group at £1.5bn
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NewsHastings CFO: IPO will remove any doubt about Advantage capital
Company may float more than 25% of shares if investor demand is strong
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NewsUtley will remain ‘keen supporter’ of Hastings despite board exit
Shareholder and former chairman will not divest a large portion of his shares in IPO
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NewsLV= GI operating chief Peter Horton to leave
Horton becomes first of five-strong core GI leadership team to exit
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NewsArgoGlobal, Asia Capital Re set up China syndicate
Special purpose syndicate to underwrite Chinese risks
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NewsHastings announces £180m share placing in IPO
Group to list on London Stock Exchange in October, targeting 2.5 million customers by 2017
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NewsGallagher’s Sian Fisher joins board of Asta's MGA unit
Former Gallagher chief underwriting officer named non-executive director of new division
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NewsUnderwriters 66% likely to be replaced by machines - study
Researchers say insurance 136th most likely to be automated out of 366 occupations
