News
ABI confident insurers will get behind its personal injury code of conduct
Code aims to combat perception of insurers exploiting PI claims.
Zurich sees operating profit up 15% and premiums fall 4%
Zurich's global operating profit climbed 15% in 2013 helped by a significant improvement in its general insurance combined operating ratio.
KPMG warns of long-term flood impact
The economic impact of the recent flooding could be felt for at least two to three years, KPMG has warned.
Tulloch to kick-start flood funding talks after visiting policyholders
Aviva UK chief executive Maurice Tulloch has played down suggestions the insurer should channel funds earmarked for UK infrastructure investment into improving flood defences, but has vowed to act as a facilitator for industry talks with government on…
100mph winds forecast for North west England and Wales
The Met Office has issued its highest level warning for the first time this winter in response to forecasts of extremely strong winds in Wales and North west England.
First Central recruits Roberts to IT director role
Motor intermediary First Central has moved to strengthen its UK senior management, with the appointment of Dan Roberts as director of IT, change and risk.
ABI remains staunch on Flood Re exclusions stance
Association of British Insurers property head Aidan Kerr has dismissed claims that leasehold properties are excluded from Flood Re because of issues with insurers’ computer systems.
Bluefin swoops for Towergate regional boss Hogg
Bluefin has recruited Towergate’s Scotland and Northern Ireland regional managing director Kenny Hogg.
Willis returns to profit despite sliding operating income
Willis has swung back to profit in its latest full year results, 12 months after reporting a loss of $446m, in spite of a reduction in adjusted operating income.
Corpore makes two amputation case manager hires
Rehabilitation services provider Corpore has appointed two new amputee case managers to its catastrophic and specialist services team.
Covéa recruits former RSA, Zurich, Axa underwriters
Covéa has recruited three senior underwriters from rival insurers in a bid to bolster its commercial lines unit.
Allianz takes 8.3% Bayern Munich stake
Allianz has agreed a deal for an 8.33% stake in Bayern Munich football club in a deal worth €110m.
Admiral extends reinsurance deals to 2016
Admiral has added an additional year to reinsurance partnerships with Hannover Re, Mapfre Re, New Re and Swiss Re, extending contracts to 2016.
Insurers urged to direct infrastructure investment into flood defences
MP’s suggestion comes as PWC warns recent flooding could cost sector £500m.
Hester tipped to take advantage of lack of industry experience
Former RBS boss will not be afraid of ‘difficult decisions’
Claimant solicitors demand FCA probe into hidden motor insurance profits
Thompsons accuses Axa and Aviva in submission to Transport Select Committee.
DLG's Maddock replaces Morris as MIB chairman
The Motor Insurers Bureau has named Direct Line Group claims and business services managing director Steve Maddock as its next chairman.
ANV promotes Thorpe to lead syndicates’ claims team
Dutch-headquartered insurer ANV Holdings has promoted Jonathan Thorpe to lead a unified claims team for its syndicates 1861, 5820 and 779.
Marsh reports 2013 profits up £91m
Broking giant Marsh has seen profits climb through 2014 to $1.45bn (£881m) for its insurance and reinsurance operations.
Tickets.com partners with Allianz Global Assistance UK on missed event product
Tickets.com has partnered with Allianz Global Assistance UK to offer missed event insurance to its more than 300 UK venues through its partners ticketing platforms.
Switched On Insurance launches travel add-on product
Gadget insurer Switched On Insurance has launched a travel insurance add-on product to boost protection for travellers carrying electronic goods.
Aqua recruits Hiscox motor underwriting boss
High net worth specialist Aqua has recruited Hiscox’s head of motor underwriting.
BHSF announces four board changes
Midlands-based BHSF Group has made four changes to its board with group chief executive Peter Maskell calling the appointees “extraordinarily-capable”.
Healthy Pets to enter white label market
Healthy Pets is set to provide white labelled pet insurance products to insurers and retailers on an affinity basis.