News
Brokers urged to communicate better with 'at risk' care home market
Potential unrated insurer interest in the "at risk" care home sector has triggered the need for closer engagement between brokers and care home operators, according to one of the authors of a report into the sector.
Cost-cutting and consolidation among insurers predicted for 2015
Scattered reductions in profitability and organic growth over the course of last year will trigger more consolidation and cost-cutting measures among insurers in 2015, industry experts have claimed.
Ex-RSA CEO tells tribunal that reserves were used to offset group issues
Philip Smith, the former CEO for RSA in Ireland, has accused his previous employer of carrying out a "character assassination" on him.
Esure shares drop more than 9% after FY results
Esure shares have dropped 9.58% on 9 March's closing price of 233.8p following its 2014 full year results announcement this morning.
Barbon CEO rules out acquisition spree after Carlyle-backed MBO
Barbon Insurance Group's CEO Martin Totty has outlined the firm's plans for growth after The Carlyle Group took a majority share in the company.
Brightside launches aggregator for Asda Money
Brightside has launched a price comparison service for Asda car insurance customers.
Demise of outbound call centres linked to customer attitudes, not cold-calling regulation
The days of insurers targeting policy sales via outbound call centres are “long gone”, according to industry insiders, who have cited evolving customer purchase methods for the demise of such call centres rather than incoming cold-calling regulation.
Canadian purchaser buys 3 Minster Court for £170m
Canadian company Ivanhoé Cambridge has bought City of London property 3 Minster Court for more than £170m.
Charles Taylor Adjusting names Dutch partner
International loss adjuster Charles Taylor Adjusting has confirmed Lengkeek Laarman & De Hosson as its exclusive associate in the Netherlands.
Prudential CEO Thiam departs to lead Credit Suisse
Credit Suisse has appointed Prudential CEO Tidjane Thiam to lead the business ahead of the departure of the investment bank’s longstanding CEO Brady Dougan.
Hastings looking to sell minority stake - report
Hastings Insurance Group is planning to sell a minority stake in its business, according to a Sky News report.
Policy Excess launches flood excess offering
Policy Excess has launched a flood insurance product allowing householders and landlords to insure their excess.
The Carlyle Group to take majority stake in Barbon Insurance
Global alternative asset manager The Carlyle Group has agreed to acquire a majority stake in Barbon Insurance Group.
Esure's Vann commends ‘solid' results despite 12.8% profit drop
Esure reported a 12.8% decline in pre-tax profit for the year ended 31 December 2014 with the decrease attributed to costs related to the group's acquisition of the remaining 50% stake in Go Compare.
Pen signs property claims outsourcing deal with RDG
Doncaster-based Ryan Direct Group will handle a proportion of Arthur J Gallagher managing general agent brand Pen Underwriting’s property claims after agreeing a collaborative claims management model.
RSA facing fine over irregularities in Ireland - report
RSA is likely to be fined up to €5m (£3.6m) for financial irregularities in 2013, according to a report in the Irish Times.
Digital Insurance Strategies 2015: As it happened
Could not make Digital Insurance Strategies 2015? Post's team of award winning journalists worked hard to bring you all the news from the event as it happened.
CII launches guide to hiring apprentices
The Chartered Insurance Institute has launched a guide to hiring apprentices giving employers advice including setting up an apprenticeship programme and getting government funding.
Staff buy-in major obstacle to business transformation, says Aviva boss
Winning over staff is one of the major obstacles when implementing a change programme, according to Jayne Sayer, head of IT and change at Aviva.
Dual Group recruits Bains as CUO
Former QBE director Talbir Bains has joined Dual Group as global chief underwriting officer.
Whistleblowing measures should be welcomed by insurers, says CII
Proposals to make it mandatory for all regulated firms to establish whistleblowing policies should be welcomed by the insurance industry, according to David Thomson, director of policy and public affairs at the Chartered Insurance Institute.
Naming of Bluefin Underwriting shows 'transparency', claims MGA chief
Bluefin’s decision to name its managing general agent Bluefin Underwriting demonstrates the firm has “nothing to hide” in the distinction between broking and underwriting, according to the MGA’s boss.
Report urges EU policymakers to boost insurance access
Trade body Insurance Europe is urging policymakers to contain the cost of regulation in order to make insurance more accessible and reduce state dependency in a time of loss.
Pen Underwriting launches single TOBA
Arthur J Gallagher managing general agent brand Pen Underwriting is rolling out a single terms of business agreement marking its next step towards establishing a single underwriting entity.