Insurer News – Page 264
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Competition from rated PI insurers reduces reliance of law firms on unrated cover
Smaller firms buying cover influenced more by rated insurer status than cost of policy - Law Society study
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LV= launches heating contractors’ scheme with Darwin Clayton
Scheme will cover liability, financial loss and professional negligence
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Seth Peller replaces David Gordon as head of Willis's specie division
Willis is taking legal action after Gordon left to join rival broker JLT along with 21 colleagues
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Admiral employee died in 'terrible accident' on company day out
An inquest into Stuart Rumsey’s death recorded a verdict of accidental death
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Aviva poised to land more affinity deals amid renewed appetite
Insurer anticipates new partnership deals it will write this year will be worth tens of millions of pounds
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Stuart Reid and Mike Bruce in shock Bluefin exit
Ex-finance director of AXA commercial lines and personal intermediary Robert Organ has been appointed as Bluefin chief executive
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Former RSA chief digital officer joins asset management firm
RSA confirmed last month that Ian Hood was leaving the insurer
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IUA: Scottish asbestos proposal will inflate liability premiums
Scottish MP Stuart McMillan’s medical cost recovery proposal ‘could prove unlawful’
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Markerstudy's Gary Humphreys: Motor insurers need scale to survive
Markerstudy will invest in data enrichment and insurer hosted pricing for recently acquired Chaucer UK motor book
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Ex-Towergate boss Mark Hodges resurfaces as British Gas managing director
Hodges will be on a basic salary of £625,000
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Car insurance premiums fell in first quarter of 2015
But prices are expected to increase again in the coming quarters says Confused/Towers Watson index
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Euler Hermes UK appoints new chief executive
Valerio Perinelli replaces Gerard van Kaathoven who is returning to the Netherlands in a new role as head of group projects
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Quindell finance chief to step down after completion of professional services sale
Laurence Moorse will be replaced by Mark Williams who has been acting as a consultant for the company since January
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15 April 2015 issue
Read a digital version of the 15 April 2015 edition of Insurance Times. Cover story: Brokers urged to get savvy on selling cyber; who’s the most-loved home insurer?; credit hire war continues; the legal risks of lifting teams; insurers make progress on cutting complaints; Geddes tops UK GI pay list; ...
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Esure’s Stuart Vann gets 12% pay rise in 2014
But founder and chairman Peter Wood’s pay drops 3%
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Markerstudy nears £1bn in premium as it snaps up Chaucer's UK motor book
Acquisition is expected to extend the group’s GWP to in excess of £900m and swell employee numbers by a further 430
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Hastings hires new group chief financial officer from AIG
Current finance chief Tim Money will become broking division’s finance director
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Manchester broker eyes expansion with investment fund
J&A says investment from The Greater Manchester Loan Fund will be used to hire additional business development staff