Allianz Global Corporate & Specialty is to reduce staff numbers by as much as 10%.
The CEOs of 15 of the UK’s biggest motor and commercial liability insurers will today meet Chancellor Philip Hammond to urge an intervention on the government's decision to slash the Ogden discount rate.
JLT has decried a “challenging” trading environment as it posts a 13% drop in pre-tax profits.
Digital transformation has become a hot topic in the insurance industry in recent years, with insurers becoming increasingly aware of the need to adapt to the changing technological landscape.
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Find out who ranks highest in the Top 100 UK insurers in Post’s 2016 countdown. The data, produced in association with AM Best, lists firms based on their financial returns.
As expected by AM Best, Chinese and Japanese companies ranked high. The largest Korean company was ranked seventh, and the largest Australian company followed at eighth.
A lack of large natural disasters, favourable exchange rates and a number of sizeable mergers have seen many of the top 30 European insurers weather the tough environment and climb the rankings complied by AM Best
The ranking of broking groups is based on research carried out in April and June 2016.