News
RSA reports £244m loss as Hester says UK 'needs to improve'
RSA Group this morning reported a pre-tax loss of £244m in 2013 (2012: £448m profit).
RSA launches £775m rights issue
RSA is aiming to raise £775m in a rights issue, dispose of several geographic divisions and will not pay a dividend for 2013 after a pre-tax loss of £244m.
Ace rings senior changes in Asia-Pacific as it targets emerging markets
John French, Ace's country president of Hong Kong, Taiwan and Macau is leaving his role after seven years to move to Australia with the insurer.
Senior claims specialist moves from AIG to Allianz in Hong Kong
Patsy Wong has been recruited by Allianz Global Corporate & Specialty as head of long tail claims for Hong Kong and Greater China.
DLG boss Geddes admits 2014 COR expectation is weather dependent
Direct Line Group chief executive Paul Geddes has conceded hopes of achieving a combined operating ratio of between 95% and 97% for 2014 will hinge on the weather improving for the remainder of the year.
Homeserve adopts review scheme to rebuild reputation following fine
Homeserve is working with an online ratings and review service provider in a bid to rebuild its brand reputation having been hit with a record fine by the regulator.
Royal London replaces finance director and intermediary CEO
Royal London has appointed Tim Harris as its new finance director and Isobel Langton as the new chief executive of its intermediary business.
CII report highlights insurance industry and regulator mismatch
Insurance industry leaders have highlighted a mismatch of expectations between insurers and the Financial Conduct Authority in three key areas in a report by the Chartered Insurance Institute and management consulting firm Oliver Wyman.
UK P&I increases renewal premiums 7%
The UK P&I Club has announced boosted figures following the close of renewals for 2012, witnessing a 7% estimated increase of renewal premium.
Gallagher recruits Deloitte insurance partner Clark
Arthur J Gallagher is to recruit Deloitte insurance partner Ian Clark as a consultant following his retirement at the end of February.
Post has moved
The Post team has now moved to swanky new offices on Haymarket.
LMA calls for industry standard on drones
The Lloyd’s Market Association has provided input for a European Commission study on the liability and insurance requirements generated by Remote Piloted Aircraft Systems.
Capita takes second MGA stake
Capita has taken an equity stake in a managing general agent for the second time, investing in Infinity Agency Limited.
AIG promotes Cloughley to bolster UK private client group
AIG has boosted its UK private client group with the appointment of Patrick Cloughley as senior business development manager.
Cunningham Lindsey handed customer service accreditation.
Adjusting giant Cunningham Lindsey has become one of 18 companies to be handed Approved Centre Accreditation from the Institute of Customer Service.
Add-on sales top the agenda in Competition Commission talks
CHO critical of commission’s credit hire cost calculations,
DNA recruits Snook to property owner division
Niche broker DNA has recruited Alan Blunden and Company’s Sophie Snook to lead its new property owners division.
DLG profits raised 14% by boosted reserve releases
Direct Line Group has reported profits boosted by 14% for 2013, resulting from substantial increases in reserve releases.
Insurers reject campaign to include previous premiums on renewal letters
Swiftcover is only firm in Which? survey to inform customers of last year’s price.
Insurers doubtful government will approve VAT waiver for flood repairs
Business secretary calls for VAT on flood renovation and repairs to be cut to 5%.
Claims Club News - 27 February 2014
All the news from Post’s Claims Club event on 19 February
Citibank recruits Luk as head of insurance in Hong Kong
Citibank has appointed Virginia Luk as head of insurance in Hong Kong after its recent 15 year 11 country deal with AIA.
Swinton returns to TV screens after splashing out on ad campaign
Swinton will unveil a £7.5m advertising campaign on UK television screens next week in support of its wider transformation programme.
Now Health appoints general manager in Singapore
International health insurance provider Now Health International has recruited Rob McIntyre as general manager of its newly opened Singapore operation.