News
Former Towergate CRO joins Aon
Former Towergate group chief risk officer Keith Jackson has joined Aon UK as CRO.
Lancashire reports GWP and profit fall for 2015
Lloyd's insurer Lancashire Holdings has reported a 29% decline in gross written premiums for the 12 months ended 31 December 2015, as net operating profit dropped to $173.4m (£121.1m) from $231.9m in 2014.
ERS COR dips below 100% but profit declines
Motor insurer ERS has reported a combined operating ratio below 100% - 99.8% - for the first time since 2009.
#Post people - 16 - 22 February 2016
Who has moved where in the world of insurance this week? Keep up-to-date with our live feed.
Lancashire chairman Thomas to step down
Lancashire Holdings chairman and director Martin Thomas is to step down from both positions following the company's annual general meeting on 4 May.
XL Catlin hires from Asia Capital Re for political risk role
XL Catlin has appointed Lim Mei Yean as an underwriter in its political risk and trade credit team based in Singapore.
Thousands of commercial motor fraud cases uncovered by Aviva
Aviva detected almost 2200 cases of commercial motor fraud in 2015, with the company now set to screen all such policies for fraud at application.
Average property damage claim cost more than doubled in past decade
The average cost of property damage claims has more than doubled in the past 10 years, with pay-outs totalling £4bn per year, according to research from law firm BLM.
Data breach at Aviva’s online offering Quote Me Happy
Customers of Aviva brand Quote Me Happy were able to see the contact information of other clients, but the insurer says it was a small percentage and the details could not be altered.
Ageas will replace UK General capacity deal
Ageas will look to replace the agreement it had with UK General after it was announced Great Lakes Reinsurance (UK) will takeover as the managing general agent's major capacity provider.
CII boss Fisher urges industry to seize opportunity on balancing gender pay
One of the most high profile women within the UK general insurance community has urged the industry to become a “model example” of how to balance gender pay in the financial services sector.
New home in Cheesegrater for Brit
Specialty insurer Brit has completed its move to the iconic Leadenhall Building in London.
Storms to cost Ageas £46.1m as FY profit slides
Ageas estimates it will pay £46.1m worth of claims following the December 2015 storms and floods, taking its 2015 combined ratio to 102% (2014: 99.8%).
Fosun withdraws from Israel purchase
Chinese conglomerate Fosun has decided to end the firm's bid to buy a controlling 52% stake in Israeli insurer Phoenix.
IAG's half year profits fall 19.5% as provisions for 2011 Christchurch earthquake rise
Australian giant IAG is still counting the cost of the 2011 Christchurch earthquake and announced a 19.5% fall in profits for the first half of the 2015/16 financial year.
Garrard promoted at Willis Towers Watson to international role
Adam Garrard, formerly head of Asia at Willis, has been promoted to head of international at Willis Towers Watson following the merger of the two groups.
Career Development: L&G Business Quality Awards
Legal & General celebrated the best independent financial advisers and network advisers last week, with its annual Business Quality Awards.
#Postpeople: 16 - 22 February 2016
All the latest insurance industry market moves between 16 and 22 February 2016 in full and in one place.
Legacy specialist acquires in Norway
Reinsurance legacy specialist Compre has acquired the marine and energy legacy portfolio of a leading Norwegian insurer.
Spotlight back on GI equality as government gender pay gap plans are unveiled
General insurers are pushing ahead with plans to strengthen workplace diversity and equality in the industry amid government proposals to force large companies to reveal their gender pay gap.
2016 billed as 'year of the disruptors' as insuretech start-ups target market share
Digital disruptors are digging out niches and targeting poorly-served sectors as the push for market share ramps up in 2016.
Manchester broker John Reynolds Group bought by Henderson
Henderson Insurance Group has acquired of 100% of the share capital of The John Reynolds Group and subsidiaries.
ABI warns against further IPT hike in March budget as home premiums rise 3.1% in three months
The Association of British Insurers has warned the government against rolling out a further rise in insurance premium tax in the Chancellor’s upcoming budget, as independent research reveals a 3.1% rise in home premiums in three months.
SME flood scheme to prove 'challenging' to implement despite government talks
Efforts to establish an affordable flood insurance solution for small businesses are ongoing at industry and government level, despite concerns that creating a Flood Re type scheme for SMEs will be “fundamentally challenging”.