News
Hardy looks to Hiscox for energy and marine division head
Hiscox's Carl Day has been appointed energy, marine and aviation head at Hardy.
Lancashire sees 9M COR deteriorate but dividend still beats analyst expectations
Specialty insurer Lancashire saw its combined ratio deteriorate to to 74.5% for the first nine months of 2014, compared with 69.7% in the first three quarters of 2013.
Argenta bolsters Syndicate 2121 with double hire
Argenta Syndicate Management has appointed two UK property and liability underwriters to Syndicate 2121.
ABI household premium tracker depicts stable home insurance market
The price of home insurance has remained stable over the last year despite rises in some average claim costs, according to the Association of British Insurers Average Quarterly Household Insurance Premium Tracker launched today.
Former Swinton CEO Halpin fined and banned from senior roles after adds-ons mis-selling
The Financial Conduct Authority has fined three former senior executives of Swinton Group £928,000.
Admiral signs data warehouse deal with Teradata to support transformation programme
Insurer Admiral has signed a deal with big data analytics and marketing applications specialist Teradata to support its business transformation programme.
Flood defence spending ‘insufficient’ says Audit Office
Spending on flood defences is insufficient to meet needs for maintenance according to a report from the National Audit Office.
Hyperion and RK Harrison in exclusive merger talks
Hyperion has entered into exclusive talks to acquire RK Harrison over a potential merger, creating a broker described as “the pre-eminent international and UK retail distribution network”.
Esure motor Q3 motor GWP down 9% after rate battles
Esure has reported a year-on-year 8.8% decrease in motor gross written premiums for Q3 as the insurer seeks to secure increased rates from policyholders.
Ageas profits down on 2013 despite improved Q3
A leap in Q3 profits has not proved enough to return Ageas' profits to 2013 levels, as the insurer continues to recover from substantial storm claims in the first quarter of the year.
EAIC 2014: Insurers should embrace social media in Asia
The use of social media is growing in Asia and insurers need to have strategies to engage with customers according to a panel at the East Asia Insurance Congress.
China becoming "more accessible" to foreign insurers, says Axco
Global insurance information provider Axco believes China is becoming more accessible to foreign insurers despite only having a 1.3% market share in 2013.
ABI clarifies rate tracking method after posting incongruous Q3 motor prices
ABI figures out of step with those produced by The AA and Towers Watson
Industry welcomes PRA survey on ‘real threat’ of climate change risk
Insurers lack understanding of climate change’s implications for investments
Insurers back insurance premium tax waiver for young telematics users
Report revives young driver debate amid claims it was ‘buried’
Experts reveal ‘significant’ links between insurance fraud and terrorism
Met commissioner says one-third of counter-terrorism policing is fraud-related
Kennedys CEO Stobart to step down
Law firm Kennedys has announced that CEO Guy Stobart has resigned after five years leading the firm.
AIG reports 23% Q3 group post-tax profit leap
AIG's property casualty division has recorded a combined operating ratio of 102% in the third quarter of 2014 alongside a divisional pre-tax operating income of $1.1bn (£687m).
Former Brightside director Freer joins Strategic Insurance Services
Christian Freer has joined niche insurer Strategic Insurance Services as its first commercial director to develop and lead product distribution in the motor arena.
Government's Pool Re levy increase leaves insurers little room to manoeuvre
The timing of the government's proposed increase to its Pool Re fee has left insurers with few options, according to market commentators, as time to negotiate alternative reinsurance arrangements is limited.
Seven insurers appointed to Towergate SME panel
Towergate has reached agreements with seven insurers to form a commercial panel for sub £5000 premium standard SME business.
PFK Littlejohn hires Gee to head up counter fraud team
Accountancy firm PFK Littlejohn has appointed a forensic fraud team headed up by former director of counter fraud services at BDO Jim Gee.
S&P reaffirms Ageas rating
Standard & Poor’s has affirmed Ageas Insurance’s BBB pi rating, ahead of the planned cessation of pi ratings in its various global territories.
Aon Benfield swoops for Adriatic reinsurance broker
Aon Benfield has purchased a Greece and Cyprus focused reinsurance broker, recruiting 11 local staff in the process.