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Keoghs warns insurers about rising fraud
Counter-fraud firm Keoghs has warned that insurers need to improve their methods of detecting and preventing fraud as the volume of liability fraud rises and the frequency of of exaggerated or fictional claims increase. Compared to 12 months ago Keoghs has seen a 150% rise in liability fraud cases referred to the firm, with suspicious low-speed [...]
Posted on 29 July 2010 | 6:04 am
Caravan Guard shortlisted for brace of awards
Caravan Guard, the caravan and motorhome specialist, incorporating holiday home sister brand Leisuredays, has been shortlisted in a brace of categories at the 2010 UK Broker Awards. The firm will be battling to be named Customer Service Provider of the Year and Personal Lines Intermediary of the Year at the event. Director Chris Nettleton has welcomed the [...]
Posted on 29 July 2010 | 5:52 am
Torus bolsters European operations
Global specialty insurer Torus has announced the appointments of Esther Fittinghoff and Kurt Fleischmann as Professional Lines manager and senior casualty underwriter respectively. The pair are to be based in Cologne and Zurich, in offices the firm took over when it acquired Glacier Insurance AG. Fittinghoff will lead the Professional Lines in Austria, Germany and Switzerland, and [...]
Posted on 29 July 2010 | 5:35 am
Travellers urged to be wary of airline failure
Airline insolvency is an issue largely ignored by travellers when booking tickets, new research from Ipsos Mori on behalf of the Air Transport Users Council (AUC) has revealed. Of the 2,072 people surveyed only five considered the matter when booking tickets, a perhaps surprisingly small number given that 65 airlines have collapsed since the financial crisis [...]
Posted on 29 July 2010 | 5:17 am
Aviva opts for Rostrvm’s outbound call centre solution
Aviva UK General Insurance (Aviva UKGI) has chosen Rostrvm Solutions to upgrade the technology that enables its Glasgow-based outbound call centre operations. The insurer aims to reduce costs while making high-quality tailored calls and Rostrvm has provided a strategic outbound dialling solution (hosted by Cable&Wireless) for up to 250 users but with the potential to expand [...]
Posted on 29 July 2010 | 2:08 am
Zurich appoints global regional CEOs
Zurich has appointed four regional chief executive officers within Global Life, Europe, Asia Pacific & Middle East, North America and Latin America. David Sims, currently chief executive officer Global Life Emerging Markets, has been appointed to the newly created position of chief executive officer Global Life Europe, effective 1st August 2010. Based in Dublin, Mr. Sims [...]
Posted on 29 July 2010 | 12:27 am
RSA expands in Ireland with 123 Money acquisition
RSA is acquiring 123 Money Limited, a fastest-growing direct distributor of personal lines insurance products in Ireland. Founded in 2002 and trading as 123.ie, the Dublin-based firm offers motor, home and pet insurance. It employs almost 200 staff, has around 170,000 policyholders and generated premium income of about €60 million in the year to the end [...]
Posted on 29 July 2010 | 12:02 am
Endurance reports Q2 and H1 results
Endurance Specialty Holdings Ltd. has reported that in Q2 2010 it earnt net profits of £58.6m, equating to $0.97 per diluted common share. This is substantially less than its results in the same period last year, when the firm made net profits of $149.1m, $2.42 per diluted common share. However, it does mark an improvement on the [...]
Posted on 28 July 2010 | 6:56 am
Brit Insurance reports interim results
Brit Insurance has released its financial results for the first six months of 2010, including pre-tax profits of £75.5m, a welcome turn around for the firm which in the same period last year incurred a net loss of £8.7m (and a pre-tax result of £64.9m). Gross written premiums declined by 13.4% year-on-year, falling from £983m to [...]
Posted on 28 July 2010 | 6:39 am
MCE goes for web-based growth with Open GI
MCE has signed up with Open GI in a move aimed at helping the motorcycle specialist grow its web-based business. The five-year IT infrastructure agreement, which covers both the firm’s call centre and its trading website, includes a range of Open GI products. Open Workflow Manager and Open Document Centre should reduce manual intervention; Active Quote [...]
Posted on 28 July 2010 | 5:41 am
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