Insurer News – Page 253
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Online onlyCentury poaches motor underwriter from ERS
Paul Wood has joined the specialist commercial MGA’s London office
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Online onlyBLP Insurance hires COO from Deutsche Bank
Craig Parfitt joins the residential and commercial building defects insurer in a newly created role
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NewsLloyd’s capacity falls for first time in 10 years – Aon Benfield
Decline due to discipline in tough conditions, broker says
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NewsRSA to fight Philip Smith’s €1.25m tribunal win
Insurer ‘extremely’ disappointed by verdict in constructive dismissal case
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NewsEx-RSA Ireland chief Philip Smith wins €1.25m in unfair dismissal case
Tribunal said during early investigations into Smith’s conduct and performance his fate had already been determined
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NewsAlton Towers rollercoaster crash victims get first payout
The funds will help victims with their rehabilitation
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NewsRandall & Quilter swings to £1.6m pre-tax loss in 2014
Insurer hit by deterioration in net provisions for asbestos in R&Q Re in the US and poor underwriting conditions
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NewsCrawford & Company launches expanded aviation team
New set-up follows acquisition of GAB Robins
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NewsHiscox hires Aspen’s John Worth as interim finance head
Worth will replace outgoing chief financial officer Stuart Bridges
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NewsRTA Portal reappoints Tim Wallis as independent chair
More than 4,500 organisations are now registered to use the claims portal
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NewsPersonal injury makes up half of insurers' claims costs
By contrast in Germany Allianz estimates that just 4% of claims costs are the result of personal injury
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Online onlyBesso Limited announce major board restructure
The company has promoted two managing directors as current chairman Colin Bird stands down
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NewsMedCo vows to take action on wily medical reporting firms
MedCo is responding to MoJ concerns that some reporting firms are trying to get around new portal rules
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Online onlyDeloitte predicts sharp drop in home insurance profitability
Industry at risk of making its first home underwriting loss since 2007
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NewsAirmic 2015: Insurance Act will mean more work for everyone
Willis Group deputy chief exec Steve Hearn stressed the act would create greater clarity around buying insurance
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NewsAirmic 2015: Broker payments from insurers and clients creates conflict - BP head of insurance risk
But Lloyd’s chief exec Inga Beale stressed source of payments still came from clients
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AgendaInterview: Mark Evans on how Direct Line plans to redefine ‘insurer’
After creating the direct market in the 1980s, Direct Line Group believes it is time for another revolution – with the insurer as a solver of customer problems.
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NewsAirmic 2015: ‘Insurance cycles are dead’ say industry leaders
The influx of alternative capital has ended cyclical insurance pricing, say experts at Airmic conference 2015
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ArchiveAirmic 2015: UK risk managers struggle to find cover for biggest worries
Airmic survey shows most cannot get appropriate cover for chief concerns
