News
Money Supermarket reports 2% insurance revenue increase for 2015
Money Supermarket's insurance division reported a 2% increase in revenue for the year ended 31 December 2015 to £140.2m (2014: £138m).
JLT's profit falls 7% after "challenges" in UK & Ireland employee benefits unit
Global broker Jardine Lloyd Thompson's pre-tax profit fell 7% to £170.1m in 2015 compared with the 2014 fiscal period.
Panes begins McLarens' Asia-Pacific leadership role
Global loss adjuster McLarens has confirmed the appointment of two senior managers in Asia-Pacific.
Axa's Asia P&C GWP surpassed €1bn in 2015
Axa's property and casualty gross written premiums in Asia exceeded €1bn (£789m) in 2015 for the first time.
Zurich appoints Marguin as Asia-Pacific chief underwriting officer
Zurich has appointed Asia-Pacific chief financial officer Herve Marguin as its chief underwriting officer for the same region.
Swinton to close 130 branches by mid-2017
High-street broker Swinton is to reduce its branches from 325 to 195 by mid-2017.
Insurers face reserve increases after Supreme Court Knauer ruling
A seminal ruling by the Supreme Court last week means insurers potentially face substantive increases in claims costs on fatal accident claims.
New Hiscox MGA to focus on professional indemnity and motor
Hiscox will this year set up a managing general agent in the UK focusing on areas outside its underwriting appetite, including some classes of professional indemnity and motor insurance.
AA calls on Osborne to avoid another IPT hike
The AA is urging Chancellor of the Exchequer George Osborne, pictured, not to further increase insurance premium tax in the March budget.
Hiscox reports 6.5% pre-tax profit fall as GWP rises
Hiscox’s pre-tax profit dropped by £14.9m to £216.1m in 2015 as the company reported increased gross written premiums of £1.94bn (2014: £1.75bn).
Plum Underwriting buys R&Q MGA Synergy
Plum Underwriting has acquired specialist high-net-worth managing general agent Synergy Insurance Service from Randall & Quilter.
Markel appoints industry veteran Spencer as NED
Markel International has appointed former BMS CEO John Spencer as a non-executive director.
Video: Covéa Insurance CEO James Reader
Covéa Insurance CEO James Reader tells Post his plans for the next 12 months including the continuing integration of the Sterling business.
BGL group appoints Platt as CFO
BGL Group has appointed Dominic Platt as chief financial officer, subject to regulatory approval.
Century Underwriting launches professions division
Managing general agent Century Underwriting has launched a professional indemnity and directors' and officers' service in partnership with insurer Arch.
Britannia and UK P&I Club in merger talks
The boards of the Britannia Club and the UK P&I Club have entered into merger talks.
Career File: Body named Ten MD as Lee steps down
Ten Insurance managing director Malcolm Lee is stepping down from his post to be replaced by Alistair Body, who joined the company's board one year ago.
Skuld announces executive changes and 2016 renewals growth
Norwegian marine insurer Skuld has announced three changes to its management team including appointing Lars Dueled as chief underwriting officer.
LV Broker finds underinsurance gap in 2.7 million ‘mid-net-worth’ homes
Households are not identifying themselves as wealthy enough, leaving the vast majority underinsured according to LV Broker.
Lancashire's Maloney to lead subsidiary Cathedral Capital
Lancashire Group CEO Alex Maloney is to take on the CEO role at Lancashire subsidiary Cathedral Capital, the holding company for Cathedral Group.
Axa's Evans 'surprised' by competitors' flood figures
Axa's £80m flood bill did not materially affect its 2015 results, according to UK and Ireland group CEO Paul Evans, who was "surprised" at some of the results released by competitors.
Four more regional sites to be ‘optimised' in RSA cost-saving drive
RSA's offices in Liverpool, Halifax, Horsham and Chelmsford will be impacted by the insurer's plans to reduce its regional footprint.
Covéa recruiting for northern region leader to replace Owen
Covéa Insurance north region head Maureen Owen is to leave the business at the beginning of March, the company has confirmed.
Davies launches new-look UK casualty division
Davies Group has launched Davies Casualty a new division incorporating all of the group's UK casualty operations, including Garwyn & Argent.