Articles by Chinwe Akomah
Ageas braced for further household rate rise
Ageas UK boss Barry Smith has warned of further rate rises on household premiums after admitting to a rate hike of 16% for buildings cover last year.
BGL creates anti-fraud 'point of quote' facility
BGL has launched an anti-fraud 'point of quote' solution that validates customer data across all channels including aggregation.
OIM goes live with e-Underwriting
OIM Underwriting, part of the UK and international operations of Arthur J. Gallagher, has launched its e-Underwriting division.
Ageas' Tesco Underwriting posts £7m profit after Q1 loss last year
Tesco Underwriting, Ageas' household and motor partnership with Tesco Bank, generated a pre-tax profit of £7m in the first quarter compared with a loss of £4m last year.
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.
Broker fears truth in Aviva GI and life sale rumour
Brokers are worried that Aviva could be planning to split into general insurance and life, and sold off.
Policyholder action group slams 'basket case' Aviva
Philip Meadowcroft, co-founder of the Norwich Union Policyholders Action Group, has branded former Aviva chief executive Andrew Moss' £1.75m golden goodbye a "pay off for failure" and the insurer a "basket case".
'Significant' loss will harden rates outside cat exposed regions in July renewals
Price increases in the July reinsurance renewal period could be restricted to loss-affected sectors unless there is a further significant insured loss for the industry, Fitch Ratings has said.
Jubilee hires former Swiss Re boss for speciality role
Lloyd's insurer Jubilee has appointed David O'Sullivan as head of life in a bid to grow the speciality life business.
One in 10 homeowners do not have right insurance, research finds
Nearly 3.5 million UK homeowners do not have adequate home contents and buildings insurance, according to Money Supermarket.
Allianz reports €30bn revenue in Q1
Allianz Group achieved total revenues of over €30bn in the first quarter of 2012, based on preliminary figures, compared to €29.9bn the previous year.
Aviva CEO Moss married employee the day after shareholder rebellion
Ex-Aviva chief executive Andrew Moss reportedly got married to former employee Deirdre Galvin the day after the shareholders revolt at the Annual General Meeting.
XL net income jumps to $227.3m after Q1 loss last year
XL has posted an operating net income of $165.2m for the first quarter, a slight increase on last year’s $163m but it has turned around its net income from a $227.3m loss to a $176.6m profit.
Aviva shareholder meeting played important part in Moss departure
The Aviva shareholder meeting was a "significant development" in chief executive Andrew Moss' decision to step down, a source close to the insurer has said.
Shareholders dismiss Regan as Aviva CEO heir apparent
Aviva shareholders have called for an external candidate to become the new chief executive, casting doubt over current chief financial officer Patrick Regan taking over the reins.
Aviva share price dissent was 'harsh', analysts say
Analysts have taken pity on Aviva, stating that criticism of its financial performance was "harsh".
Aviva shareholders 'happy' with Moss resignation
Aviva shareholders have expressed their relief that chief executive Andrew Moss has stepped down, and have suggested that Towergate boss Mark Hodges or ex-RSA CEO Andy Haste could replace him.
Munich Re posts €782m profit after Q1 loss last year
Munich Re has reported a consolidated profit of €782m in the first quarter compared to a loss of €948m during the same period last year.
Aviva CEO Moss steps down as Regan assists in improving financial performance
Aviva chief executive Andrew Moss has stepped down from his post, effective immediately.
Two non-execs join Miller partnership board
Broker Miller Insurance Services has appointed Clare Thompson, pictured, and Ian Buckley as independent non-executives on the partnership board.
Allianz Global Assistance turnover hits €2bn
Allianz Global Assistance has reported a global turnover of €2.1bn, suggesting that it is on target to reach €3bn by 2015.
Analysts respond to RSA results
RSA's 5% increase in net written premiums is almost entirely due to rate rises, analysts have said.
Weightmans wins fraud and claims contract on MIB legal panel
Weightmans law firm has become the Motor Insurance Bureau's legal services supplier for core claims and fraud following a strategic review by the association.
UKG new broker schemes premium grows 50%
UK General has boasted £300m in gross written premium with a £90m rise from new broker schemes.