News
RSA reports £80m profit dip at group level
Insurer RSA has announced a group pre-tax profit of £474m for 2010 – down £80m on the figure for 2009.
APC drops minimum premium by up to 40% in SME push
Commercial insurance underwriting agency APC has set its sights on taking a larger share of the SME market by implementing a new area rating underwriting strategy for the lower crime level areas throughout the UK and Northern Ireland.
Allianz UK profit moves backwards to Euros 185m
Allianz saw its UK profit fall to Euros 185m in 2010 (2009: Euros 230m)on earned premiums of Euros 1.8bn (2009: Euros 1.6bn).
Allianz UK profit moves backwards to Euros 185m
Allianz saw its UK profit fall to Euros 185m in 2010 (2009: Euros 230m)on earned premiums of Euros 1.8bn (2009: Euros 1.6bn).
RBS Insurance records £295m loss and 115% COR in 2010
Royal Bank of Scotland Insurance has decribed 2010 as "a disappointing profit year", after reserve strengthening for bodily injury claims and severe weather, resulted in a loss of £295m (2009: £58m profit) and a combined opertaing ratio of 115% (2009:…
RSA bolsters motor reserves and reports UK underwriting loss of £95m
RSA's UK business reported an underwriting loss of £95m (2009: profit of £75m) and a COR of 102.2% (2009: 98.0%) in 2010.
LV profits soar beyond £30m for 2010
LV's general insurance arm has recorded a pre-tax profit of £35m for 2010 – a £33m increase on its prior year performance.
Keelan Westall sets £1m target for online launch
Barbon-owned wholesale property broker Keelan Westall is planning to launch an online trading platform in a bid to make transactions with its partners more efficient.
Editor's comment: Spot the difference
As rebrandings go it will hardly go down among the most talked about in the history of financial services, but the end of the Consumer Protection and Markets Authority has at least proved that maybe the government is listening.
One Answer Network targets continued growth
One Answer Network has targeted gross written premium of £150m by the end of the year after surpassing the 50-member mark this month.
Post history - 15 years ago: AA takes more than 1100 calls
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 15 years ago reveals.
Halo links up with Affordable to cover car hire excess
Car rental specialist Affordable Car Hire has teamed up with Halo Insurance to offer its new excess insurance policy to customers when they are booking their car.
Post history - 30 years ago: Loss adjuster heads to Indonesia
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
No huge rehab code changes
The Association of British Insurers and the International Underwriting Association have ruled out making sweeping changes to the rehabilitation code, after current guidelines received "huge support" from the industry.
No-claims household insurance discount considered by Axa
Axa is considering awarding no-claims discounts to household insurance customers to encourage them to take more responsibility for preventing weather-related losses and improve its book's profile.
Minister admits insurers were right
Government plans to cut motor insurance fraud by allowing underwriters access to DVLA records are unlikely to be implemented until mid-2012, road safety minister Mike Penning MP has admitted.
Post history - 10 years ago: Axa backs new internet initiative
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
News analysis - regulation: Questions over reform
The latest consultation paper over regulation reform has left many questions unanswered. Amy Ellis talks to industry figures to find out more.
AJ Gallagher in Heath Lambert sale talks
Arthur J Gallagher International is in takeover talks with London market broker Heath Lambert, according to sources close to the company.
Helphire sees profits fall despite cutting half of staff
Accident management firm Helphire has cut more than half its workforce since launching a business restructure in 2008.
Aviva seeks to double online
Aviva has unveiled plans to double the volume of business conducted through its commercial e-trading broker platform.
LV turnaround is almost complete, says O'Roarke
LV general insurance managing director John O'Roarke has revealed the task of turning around the business he joined in 2006 is "90% completed", as the firm saw a £33m increase in profit for 2010.
Consolidator bids down from 49% to 31% in 2010
Regulation, compliance and organic growth are the most important issues facing brokers, according to a survey from Datamonitor.
Merfield returns with Nexus
HCML's founder and former clinical director Helen Merfield has returned to the market with start-up business, Nexus Rehabilitation.