News
Insurance business crucial to future growth at the AA, claims Connor
AA Insurance Services managing director Janet Connor believes her recent appointment serves to highlight the growing emphasis the AA places on insurance.
Engelhardt hits out at ‘bizarre’ reserve release focus
Admiral group chief executive Henry Engelhardt has labelled concerns on the role of reserve releases in the insurer’s UK motor profitability as “bizarre”.
Policy application poll 'encouraging' for Zurich as consumers opt for truth
Zurich has been encouraged by the results of a survey that found 87% of adults polled would not be prepared to lie in an attempt to save money on an insurance policy.
IFB cheatline heading for record year of public fraud reports
The Insurance Fraud Bureau’s cheatline is on course to eclipse the record number of reports it received from members of the public in 2013.
Admiral’s Chidwick hands CFO remit to deputy
Admiral group chief financial officer Kevin Chidwick is to hand his role to his deputy Geraint Jones in a bid to focus more on the insurer’s US business.
Tony Allen to continue as A&A Group UK CEO
Allen & Allen Group has confirmed Tony Allen will continue in the role of UK chief executive following the departure of Martin Oliver in May.
ABI 'disappointed' with L&G's decision to resign its membership
The Association of British Insurers has moved to underline the benefits of ABI membership after expressing disappointment at Legal & General’s decision to resign from the trade body.
Brit profits hit by IPO costs
The costs of floating on the London Stock Exchange have seen Brit’s profits tumble 18% in the first half of 2014.
Admiral UK motor profits up 8% on boosted reserve releases
Admiral’s UK motor business has seen profits increase 8% following £73m of reserve releases in the first half of 2014.
AIG promotes Kian Tiong Lim in Taiwan
AIG has appointed Kian Tiong Lim, head of consumer Taiwan, as country manager of AIG Taiwan.
Entries open for Claims Awards Asia 2014
The Claims Awards Asia are back to recognise the hard work of the claims community in Asia over the last year.
RMS unveils Asia exposure databases for five countries
Risk modeling firm RMS has unveiled a list of exposure concentrations for the Philippines, South Korea, Taiwan, Thailand and Vietnam.
ABI to give statement on reports Legal & General to exit
The Association of British Insurers is expected to give a statement today on reports L&G is to leave the association.
Admiral weighing up bid for UK's leading telematics player Insure the Box
Admiral is evaluating a bid for telematics firm Insure The Box just months after announcing a £200m cash raise, Post understands.
£8m added to home premiums by preventable claims
Just over half of all home insurance claims follow preventable incidents, according to Money Supermarket, adding a total of £8m to home insurance bills.
Aon UK to focus on local expertise following regional restructure
Aon Risk Solutions has outlined plans to change its national structure across the UK in a move that will see the Aon UK business consolidate into four key regional areas.
Windstorm Tini loss estimate climbs to £224m
A windstorm which rampaged across the UK and Ireland in mid-February is now estimated to have cost the insurance industry €281m (£224m).
Generali Asia hires Teh and Seach
Generali Asia has appointed Gary Teh as chief operating officer and Hayden Seach as head of global corporate and commercial.
W.R. Berkley Insurance Australia rebrands
Property and casualty insurer W.R. Berkley Insurance Australia is rebranding as Berkley Insurance Australia.
China Re planning $2bn Hong Kong IPO
According to a report, China Re, the largest state backed reinsurer in China, is planning to raise up to $2bn through an IPO in Hong Kong.
Bollington recruits former rugby star Jee
Former Sale and Manchester rugby star Phil Jee has joined Bollington to serve as a corporate account manager.
Arag to provide legal expenses cover for Insure the Box policyholders
Legal expenses insurer Arag has formed a partnership with telematics specialist Insure the Box that will see it provide legal cover for around 250 000 of the insurer’s policyholders.
First Central appoints Howard as first company COO
Motor insurer First Central has added to its UK senior management team with the appointment of Kevin Howard as the company’s first ever chief operating officer.
Henderson quadruples risk management unit with CRS buy
Henderson Insurance Brokers has swooped for Staffordshire-based Corporate Risk Systems, substantially bolstering its risk management and training practice.