News
Post Blog: Does insurance have to be so complicated?
The complexity of the insurance sector is making it difficult to engage with consumers. Philip Davies, EMEA president of Siegel and Gale, explains.
Allianz hunts P&C acquisition targets
German insurer Allianz is considering property and casualty acquisitions, having a better grasp of future capital requirements for the business under Solvency II, according to reports.
IRDA will pave way for Lloyd's to enter India
India's government is planning to push through the insurance reforms bill that is set to retain the foreign direct investment cap in the sector at 26%, but will allow "modifications" to enable Lloyd's of London to enter the Indian market.
Markel makes senior appointment to cargo team
Markel International has appointed Richard Burnett as senior underwriter for cargo, part of the company's marine and energy division.
Markel CEO points to acquistion activity in Q1 results report
Markel bosses are celebrating an "all time high" on the firm's book values per share following a first quarter which produced a combined ratio improvement of 12% on Q1 2011 to 100%.
July reinsurance rate increases likely to be muted
Price increases in the July reinsurance renewal period are likely to be restricted to loss-affected sectors unless there is a further significant insured loss for the industry, according to Fitch.
Cyber risk rising in Asia
Cyber crime is on the rise in Asia, with small businesses particularly at risk, according to a recent Marsh report.
Post Broking Supplement: Biba 2012 conference timetable
The event programme for the Insurance Brokers' Association Conference - Shaping our futures - on Wednesday 16 and Thursday 17 May 2012.
Beazley Q1 position a cause for optimism, claims analyst
Beazley has this morning reported Q1 gross written premium of $465m (£288.8m), representing a 9% rise on the same period last year.
Munich Re returns to first-quarter profit
Munich Re achieved a consolidated profit of €782m in the first quarter of 2012, compared with a loss of €948m in the same period a year ago.
Redomiciling still an option for dissatisfied Prudential
Prudential may still relocate outside the European Union as its lobbying campaign to alter Solvency II rules has failed to make a breakthrough thus far, according to Reuters.
Keychoice Underwriting set to transfer business to Towergate
SSP-owned managing general agent Keychoice Underwriting is in talks to transfer its business to Towergate, Insurance Age has exclusively revealed this morning.
L&G appoints Wilson as group CEO
Legal & General has appointed Nigel Wilson as group chief executive to replace Tim Breedon.
Zurich UK GI lags behind group with COR of 101.3% and underwriting loss
Zurich's UK arm has reported a business operating profit of $32m for the first quarter of 2012 (Q1 2011: $40m).
Hubbard returns to front line as Posner stands down
Former Axa UK chief executive Peter Hubbard has stepped up to the role of executive chairman at Leeds-headquartered MGA UK General Group after Howard Posner decided not to continue.
Law report: Defamation case is struck out
Law reports contributed by national law firm Berrymans Lace Mawer.
As Moss quits Aviva, speculation soars as to suitable CEO replacement
When Aviva announced on Tuesday that chief executive Andrew Moss was to step down, it came as little surprise to the market and shareholders appeared to welcome his decision.
Brokers warned about potential for commission fee mis-selling scandal
Brokers could find themselves at the sharp end of the next mis-selling scandal owing to commission and administration fees distorting their recommendations, according to one industry entrepreneur.
Second motor summit puts whiplash and young drivers at top of agenda
A proposed panel of independent medical practitioners to tackle whiplash, and affordable cover for young drivers, topped the agenda at the second motor insurance summit at Whitehall, as Transport Secretary Justine Greening lamented there is "no one…
Proposals for standardised contract law spark debate among UK insurers
Industry leaders have vowed to keep a close eye on EU proposals to harmonise insurance contract law across the continent, amid concerns that brokers could face policy wording headaches.
Law report: Councils warned of potential legal challenge as bid to extend duty of care fails
Law reports contributed by national law firm Berrymans Lace Mawer
Law report: Best practice would have avoided shotgun accident
Law reports contributed by national law firm Berrymans Lace Mawer.
Ask the expert: Juggling two job offers
After a series of interviews in the market, I've been made aware that a couple of offers are heading my way. I am really torn between them but also want to use this to my advantage. How can I best go about this?
Market moves: A reinvigorated rehabilitation sector
Hot on the heels of its management restructure, and luring of QBE claims director Andrew McBride to work in its New York office, Ace has unveiled a double promotion in UK & Ireland casualty.