All Insurance Times articles in On-Line Archive – Page 1939
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NewsInside the cyber risk model debate
Is a public-private partnership the only way to cover cyber risk? Our sister publication Strategic Risk looks for the answers.
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NewsR&Q buys run-off reinsurer for $1.4m
Randall & Quilter said it has bought Agency Program Insurance Co, a Bermuda-based reinsurer now in run-off for $1.4m (£1.1m). APIC reinsures SPARTA, Discover, Nova Casualty, Hartford Insurance, AmTrust International, Wesco Insurance, PMA and Arch Insurance for workers compensation, general, commercial auto, inland marine, property and ...
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NewsGable shares rise as trading resumes on Stock Exchange
Gable shares resumed trading on the London Stock Exchange this morning, after the company’s self-imposed suspension was lifted. In early trading, Gable shares recovered to 350 pence, up from 338 at the time of their suspension on 1 July. Gable said that following the release of ...
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NewsConsumers bombarded with 600 million CMC nuisance calls in 2015
Consumers were bombarded with more than 600 million personal injury-related nuisance calls last year, and a further 117 million injury-related nuisance texts, according to research using Ofcom data commissioned by Aviva. This translates to 1.96m calls and texts made every day, or 1,366 calls and texts ...
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NewsInsurance provider launches last-minute travel cover service at UK airports
Travel insurence provider Columbus Direct is rolling out 30 self-service kiosks at nine UK airports this summer to offer last-minute travel cover to uninsured holiday goers. Airports London City, Luton, Newcastle, Birmingham, Bristol, East Midlands, Southhampton and Edinburgh and London Gatwick Airport will offer the service. ...
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NewsBarbican hires divisional head of energy, power and utilities
Barbican Insurance Group has announced that Olivier Decombes will join as divisional head of energy, power and utilities. Decombes was previously CV Starr chief underwriting manager for offshore energy. He also has experience from Infrastructure where he rose to the position of upstream and ...
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NewsTokio Marine Kiln launches online platform for specialist business lines
Lloyd’s insurer Tokio Marine Kiln (TMK) has launched a web-based platform to give brokers access to specialist business lines that have traditionally been difficult and uneconomic to reach. The One TMK is a digital exchange for brokers to quote and bind policies online in real time. ...
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NewsHood appoints finance director
Affinity insurance broker Hood Group has appointed Mark Hunter as finance director following the retirement of Bob Gildie. Hunter (pictured) will join from Charles Taylor Adjusting where he served as development director for two years. He has nearly 30 years’ experience from Airclaims Group where he ...
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NewsCharles Taylor licenses insurance platform to boost client service
Charles Taylor InsureTech, the insurance technology arm of insurance services firm Charles Taylor, has licenced software provider Fadata’s INSIS platform to extend its systems capability for life, general and health insurance clients. INSIS is a flexible insurance platform that provides coverage such as underwriting, premium collection, ...
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NewsAXA creates new role as part of claims transformation programme
AXA Insurance has appointed Kim Pearce to the newly created role of claims customer services director as part of its ongoing Claims Transformation Programme. Pearce joins from Allianz where she was head of organisational management. In her new role Pearce will be responsible for the operational ...
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NewsAccountant faces jail after stealing £24,000 from Biba
An accountant has pleaded guilty to stealing more than £24,000 from Biba, and could face jail. Gurmukh Singh Shehri, 32, signed cheques to himself and paid himself unauthorised bonuses while employed as Biba’s finance manager. He paid himself £11,000 in unapproved bonuses and wrote £13,198 in ...
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NewsInsurers unprepared for driverless vehicles - KPMG
Insurers are unprepared for the arrival of driverless vehicles, a new study from KPMG says. The Autonomous Vehicle Insurer report found that many of the UK’s largest insurance companies agreed that driverless vehicles would touch every area of their business model. Key points: But ...
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NewsWhat's happening in the world of insurance
Insurance news from around the world. The city of Cleveland, Ohio has bought insurance in anticipation of rioting at this month’s Republican Party National Convention. The city government said it retained an insurance broker to procure “law enforcement professional liability and related insurance”. Funding for the ...
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NewsFCA’s Bailey: Brexit will not trigger regulatory ‘bonfire’
The UK’s exit from the European Union will not necessarily mean a big clear-out of EU-derived legislation, new FCA chief executive Andrew Bailey said. Responding to a question about the potential for deregulation post-Brexit at the FCA’s annual public meeting yesterday, Bailey said: “It is important ...
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NewsFCA to publish proposed new mission statement in autumn
The FCA is planning to publish proposal for a new mission statement in early autumn. It will invite “intensive public consultation” on the new mission, which is designed to provide greater clarity to consumers and companies about the regulator’s obligations to them. The FCA believes it ...
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NewsCyber blog: Sorry for the interruption
Not all business interruption covers are created equal, says NIG director of underwriting and pricing Justin Clarke
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NewsInnovation blog: Five ways to solve the data skills gap
Insurers are losing the war to attract the data analysts they need to grow. But the challenges are surmountable, says Startupbootcamp managing director Sabine VanderLinden
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NewsInnovation blog: Innovation in the board room
Dr Edmond Smith of Kent University’s Centre for the Study of the Political Economies of International Commerce (PEIC) examines why companies need a new approach to keep up with innovation.
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NewsInnovation blog: Driverless cars – a road to nowhere…
Autonomous vehicles makers have all got it wrong, planes and drones are the future, says Now4cover chief executive Michael Muzio
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NewsSupreme Court: Insurers cannot avoid claims over 'collateral lies'
Insurers can no longer avoid paying a claim if there are so-called collateral lies in the claim, the Supreme Court has ruled today. A collateral lie is one that does not affect the validity of the claim. The Supreme Court judges voted four to one to ...
