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NFU Mutual reports first underwriting profit since 2006 but hit by investment losses

Rural and agricultural insurance specialist NFU mutual has reported its first underwriting profit for five years in its 2011 reports and accounts.

Insurer | 16 May 2012 secure

grain
Accident Exchange CEO Steve Evans

Friend or Foe: Q&A with Accident Exchange CEO Steve Evans

Steve Evans has spent four years bringing the activities of rate surveyor Autofocus to light, making him an unpopular figure in insurance circles.

Insurer | 15 May 2012 secure

handshake

NFU and Ageas pay Accident Exchange undisclosed settlements

NFU Mutual and Ageas have reached settlement agreements with credit hirer Accident Exchange over their use of Autofocus evidence.

Insurer | 09 May 2012 secure

Lynn Rouse

Editor's comment: End of the composite nigh?

What a difference a few years makes, as major events this week underline a stark reversal in the fortune of the UK's two biggest insurance beasts.

Insurer | 08 May 2012 secure

A tractor in a field

NFU Mutual boss 'cleared the decks' to achieve 2011 success

NFU Mutual boss Lindsay Sinclair has labelled 2011 as "the year of cleaning the ship" after scrapping unprofitable non-farming motor business where loss ratios ran as high as 120%.

Insurer | 28 Mar 2012 secure

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Insurance Hound

A free and easy-to-use digital library of briefings, white papers and reports updated on an hourly basis

Copella apple farm

NFU Mutual returns to underwriting profit

Rural insurer NFU Mutual has turned an underwriting loss in 2010 of £150m into a profit in 2011 of £105m.

Insurer | 27 Mar 2012 secure

Oil rig explosion (Photo - PA)

Energy: Overcapacity causing problems as market rates stagnate

It has been a tumultuous few years for the insurance industry, and not many sectors have been affected as much as energy.

Insurer | 27 Mar 2012 secure

Privilege website

Website review: Privilege

Actress Joanna Lumley might tell viewers that you don’t have to be posh to be privileged, but how does its website stack up against the rest of the market?

Insurer | 13 Mar 2012 secure

evans-steve-accident-exchange

Insurers to pay for Accident Exchange retrials

Major insurers that do not reach a settlement with Accident Exchange could end up paying millions of pounds in legal costs.

Personal | 29 Feb 2012 secure

toy-cars

Autofocus Legal Action: Rival CHOs line up to take on insurers as Autofocus employees face prison

Long-running legal battle could bring the credit hire industry and the insurance industry closer together

Insurer | 07 Feb 2012 secure

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Insurance Insight

Your one-stop-shop for all the news in the European, Asian and Middle Eastern insurance markets

Insurance Insight
church

Ecclesiastical rolls out church alarms in crackdown on metal theft

Charity and heritage insurer Ecclesiastical is to spend £300 000 fitting wireless church roof alarms in every diocese in England and Wales after a successful initial pilot.

Insurer | 07 Feb 2012 secure

handing-over-british-money

Roundtable: Turning the focus onto casualty fraud

While the motor sector has tended to grab the headlines, fraud is on the rise in other areas too. Post gathered together a number of industry experts to debate how the profile of this issue in the casualty sector can be raised

Insurer | 07 Feb 2012 secure

A black gavel

Aviva and Brit credit hire cases reach Court of Appeal

Seven credit hire cases involving Aviva and Brit are set to be heard in the Court of Appeal later this month, Post has learnt.

Insurer | 02 Feb 2012 secure

solar-energy

Growth in green energy prompts Rural to enter market

Specialist agricultural insurer Rural, part of UKGI, is the latest business to launch a suite of green insurance products to meet the growing demand for cover from farmers investing in renewable energy schemes.

Insurer | 10 Jan 2012 secure

New Scotland Yard building

Stolen Vehicle Unit to remain open

The Stolen Vehicle Unit has been granted a reprieve, and will remain open, a Metropolitan Police boss has confirmed.

Insurer | 07 Dec 2011 secure

Comment

Lynn Rouse

Editor's comment: Fleeing the family nest

This week’s deal developments read like two coming-of-age literary fables written to reward hard work and endeavour, while...

Interview

JLT chief executive Dominic Burke

Interview: JLT's Dominic Burke - a thoroughbred performer

Horseracing-mad Dominic Burke has huge ambitions for JLT, with a firm focus on international expansion, and he scotches...

View from the top

David Reed

View from the top: Airline insurance - the risk remains

Despite 2012 losses being only 12% of the annual average to date, a single incident could flip the market, says David...

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Pitney Bowes 2012 Insurance Industry Report

2012 insurance industry report: The inside track to achieving a more sustainable business

To achieve a sustainable profit, personal lines insurers need to transform their retention rates, using modern communications techniques to engage with customers and understand their individual needs. This white paper is based on a specially commissioned study involving 42 senior managers at UK and Irish insurers.

Work equipment risks in the UK

Work equipment risks in the UK

The complex patchwork of legislation and guidance governing work equipment risks in the UK is an administrative monster that many businesses struggle to wrestle with successfully. It takes significant levels of technical expertise and resources to understand and effectively navigate the maze of legal requirements, and this problem grows increasingly unwieldy for smaller organisations with limited manpower and finances.

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