Insurer News – Page 337
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News
Regulatory approval is ‘critical’ to meeting Flood Re deadline
Search is now on for a chief executive and a chief financial officer
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News
Brit takes three UK property underwriters from Amlin
David Hancock, Andy Camber and Andrew Ravenscroft join rival Lloyd’s insurer to build new property book
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Business interruption from extreme weather top corporate risk concern
Cyber risks the fastest growing concern
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Flood Re could be delayed until 2016
Slow negotiations could delay planned 2015 implementation, according to reports
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News
FSCS levy is halting broker growth
Trade body continues to lobby government for an alternative funding model
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New GI pricing index launched as Biba sets out priorities for 2014
Claims and regulatory cost burden to be key areas of focus for trade body this year
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News
Signposting agreement provides cover for an extra 100,000 older policyholders
The government says it will work with the industry on similar agreements for other types of cover
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News
Chubb appoints FI manager for UK regions
Manchester-based Tony Statham will develop broker relations outside London
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Barbican hires Aspen underwriter
Lucy Town will work in the non-marine reinsurance division
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HCC appoints new investment head
John E Robison also takes up the role of vice-president
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News
MUM expands into chartered surveyors PI
New capacity deal for Charles Manchester’s managing general agent
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Nearly 9,000 homes miss out in Flood Re
Defra confirms 3,800 homes in council tax Band H and 5,000 new builds will not be covered
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News
Ageas expands underwriting capability for home insurance
New system will provide an accurate risk rating for individual addresses rather than an assumed risk
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RSA could face £35m fine from Irish regulator
Irish RSA executives could also face fines of up to €1m by the Central Bank of Ireland
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News
Organised fraudsters switch to pothole trip claims
Liability fraud detection less advanced than whiplash
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Nexus secures $100m of underwriting capacity for 2014
Largest placement in the London Market by a non-broker owned MGA
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Agenda
Insurance Fraud Register now live
Names and personal details of convicted fraudsters have been entered into industry-wide database
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News
Mesothelioma Bill will redress balance for victims - DWF
DWF head of occupational health Derek Adamson surprised at negative reaction to introduction of scheme