News
Zurich UK sees hike in profits despite strong stance on new business
Zurich UK has seen business operating profit and combined operating ratio significantly improve in the first half of 2016, despite an 8.1% drop in gross written premiums.
Travel insurance premiums fall by 9% with biggest drop for European policies
Travel insurance premiums have fallen by 9% in the last year, according to the first Consumer Intelligence travel insurance price index.
Insurers say basing insurance pricing on ethnicity would be 'ethically wrong'
Insurers have spoken out against the recent report from a PI legal firm that suggests motorists living in areas with a high proportion of ethnic minorities pay higher premiums for motor insurance.
Zurich appoints Howell Asia-Pacific CEO
Mario Greco, global CEO of Zurich, recruits former Generali colleague for Asia-Pacific role.
Zurich has steady first half as Greco restructures
Global general insurance profits and gross written premiums at global giant Zurich were stable in the first half of 2016 compared with the same period last year.
Aston Scott appoints Stuart Rootham as group managing director to help bolster growth
Aston Scott has appointed Stuart Rootham as group managing director, effective October and subject to regulatory approval.
Pioneer Underwriters appoints Graeme Raynor as group director of underwriting
Pioneer Underwriters has appointed Graeme Raynor as group director of underwriting, effective October and subject to regulatory approval.
Topmark Claims appointed sole claims supplier for Crown Commercial Services Framework agreement
Topmark Claims has been appointed as the sole claims supplier for the Crown Commercial Services Framework agreement, which involves a minimum of 15 central government departments throughout the UK and Northern Ireland.
Insurers voice concerns over FCA transparency proposals
The Financial Conduct Authority has published a policy statement which outlines rules to increase engagement at renewal in the general insurance markets, but insurers are worried their positions will be undermined.
Norfolk insurance broker Hugh J Boswell becomes latest to suffer a cyber-attack
Norfolk insurance broker Hugh J Boswell has become the latest insurance firm to suffer a cyber-attack, Post can reveal.
Das UK appoints James Henderson as managing director
Das UK has appointed James Henderson as managing director insurance for the UK and Ireland.
Ageas sees GWP growth despite weather claims hitting profits
Ageas has seen its consolidated UK combined operating ratio rise to 100.1% for the first half of 2016 as a result of flash floods and storms in June.
Motorists pay higher premiums in ethnic neighbourhoods, says PI legal firm
Motorists living in areas with a high proportion of ethnic minorities pay higher premiums for motor insurance, according to a report commissioned by a personal injury legal practice - and dismissed by the Association of British Insurers as flawed and…
Portevin switches roles and Carter to retire at Allianz's global commercial arm
Senior management shake-up at Allianz Global Corporate and Specialty.
Ecclesiastical appoints former Sterling MD John Blundell as managing director of UK general
Ecclesiastical has appointed John Blundell as managing director of its UK general insurance business, effective from 1 September.
Gallagher secures multi-year deal with London University Purchasing Consortium
Following a recent public procurement exercise, Arthur J. Gallagher has secured a multi-year deal with London Universities Purchasing Consortium as its insurance broker.
FCA fines stockbrokers Cenkos over half a million for mishandling of Quindell
The Financial Conduct Authority has fined Cenkos over half a million pounds for misrepresenting insurance outsourcing firm Quindell.
Legal & General reports drop in GI pre-tax profit to £46m
Legal & General has reported general insurance profit before tax reduced to £46m as a result of interest rates cuts.
Willis Towers Watson report strong first half results following merger
Willis Towers Watson group has seen a 9.5% increase in total revenues for the first half of 2016, with $4.2bn (£3.24bn) total revenues earned, up from $3.8bn (£2.93bn) from the same period last year.
R&Q announces capacity boost to £15m
R&Q Commercial Risk Services is boosting its long-term capacity agreement, which will see its total underwriting capacity increased to £15m.
Autonet uses data cracker to inform pricing
Van insurance broker Autonet has gone live with a software solution that tracks customer data to inform pricing.
Applied Systems expands Irish presence with Relay acquisiton
Applied Systems has acquired Relay Software, as part of the expansion of its international footprint and presence in the UK.
82% of insurers considering SaaS technology in response to Flood Re, IPT and CMA motor reforms
Insurer adoption of cloud hosted software-as-a-service technology is set to grow as a response to unprecedented regulatory change, according to research of 94 senior insurance decisionmakers and IT professionals.