News
EC Insurance Group appoints Forrest Smith and Guiry as CEOs for subsidiaries
EC Insurance Group has appointed two new CEOs for its insurance subsidiaries, ECIC and ECIS, following a decision to separate the roles.
Geddes ‘proud’ of Direct Line for Business as growth continues
Direct Line Group is putting ‘extra effort’ into its commercial business as gross written premium for Direct Line for Business increased by 8% in the first half of 2016.
ANV increases its Lloyd's underwriting capacity for M&A insurance
ANV Global Services, has increased in its Lloyd’s underwriting capacity for mergers and acquisitions insurance.
Positive Carole Nash results 'driven by customer focus', says CEO
Customer focus was key to Carole Nash’s strong annual results, CEO David Newman told Post.
More than a dozen organisations support ABI proposals on fire prevention
Over a dozen organisations have supported proposals put forward by the Association of British Insurers to ensure sprinklers are installed in more high-risk buildings.
Hiscox launches its online trading platform in Ireland
Hiscox Trader, Hiscox’s online trading facility, has been launched in Ireland following its UK launch earlier this year.
Driving test consultation is a missed opportunity, insurers say
Proposed changes to the driving test are a missed opportunity to ensure the safety of drivers and increase insurance compliance, insurers have said.
Insurance Europe responds to EIOPA IPID consultation
Insurance Europe has responded to the publication of a European Insurance and Occupational Pensions Authority EIOPA consultation regarding the format of a standardised insurance product information document (IPID).
ERS in the black as H1 2016 COR hits 99.8% on back of £7.3m profit
Lloyd’s motor insurance specialist ERS has reported a profit of £7.3m in it the first half of 2016, the result of continued underwriting and volume growth.
FCA to go ahead with PPI complaint deadline
The Financial Conduct Authority has confirmed it will press on with plans to impose a deadline for payment protection insurance complaints.
Direct Line's pre-tax profit falls 5% in first half
Profit before tax at Direct Line decreased £16.5m to £298.5m in the first half of the year (H1 £315m) after poor investment returns and a Flood Re levy.
Gable non-executive director Andrew Trott resigns
Gable non-executive director Andrew Trott has resigned from his post as the troubled insurer looks to streamline its board as part of an ongoing strategic review.
Aon's broking division sees little change in total revenue for H1 2016
Aon’s broking division Risk Solutions saw total revenues for H1 2016 differ by only a quarter of a percent from the same period last year.
Private Motor Insurance Order officially comes into effect
Measures to boost competition among insurers and reduce premiums for drivers have come into effect today.
DIMA appoints David Stafford as chairman and Eddy Van Cutsem as interim CEO
The Dublin International Insurance and Management Association has appointed David Stafford as chairman, taking over from Marco Nuvoloni.
Insurers need to look past Blockchain hype, to find best process fit, says PWC
The insurance industry is keen to implement blockchain solutions in order to change the way it operates, a report from Long Finance shows.
Sinz to join Liberty Specialty Markets as head of Europe
Liberty Specialty Markets has appointed Kadidja Sinz to the new role of head of Europe.
Home premiums rise for third quarter running, AA reveals
New research from the AA has revealed a rise in home insurance premiums for the third quarter in a row.
Axa exposes fraudulent £5,348 claim by father and son
Mohammed Rustam Khan claimed over £5000 on his Axa home insurance policy after a burglary at his London home. However, a police investigation revealed Khan’s son, who was also living at the address had stolen his car and staged a burglary.
Ex-LV MD O'Roarke oversees first exec hire as Horwich Farrelly chair
The specialist insurance law firm Horwich Farrelly has appointed Thomas Reynard as its chief operating officer.
Manulife and QBE enhance Hong Kong agreement for agents
Life insurer Manulife has signed an agreement to extend its relationship with Australian giant QBE which allows Manulife's agents in Hong Kong to sell general insurance products.
Can Zurich rebound from senior brain drain as Sharma and Martin join departee list?
Zurich was long regarded as consistency personified; a stable and calming force in an often turbulent insurance market. But in recent years, the Swiss giant has been hit hard by poor financial performance. To counter that, the company then introduced a…
Car insurance premiums are back on the rise after Q1 dip, says AA
Car insurance premiums are back on the rise, according to the AA’s latest benchmark British Insurance Premium Index.