News
Zurich CEO "not satisfied" with group 2014 results
Zurich's pre-tax profit fell 1% last year to $4.64bn (£3.04bn) compared to $4.68bn in 2013.
Lancashire reports 33.5% jump in 2014 GWP
Lancashire Holdings has reported a 33.5% boost in gross written premiums for the year ended 31 December 2014 to $907.6m (£595m) from $679.7m in 2013.
Capita named as Flood Re managing agent
Capita has been appointed Flood Re's managing agent for a five-year term.
Ageas UK CEO Watson says 2014 results show insurer in ‘good shape'
Ageas UK saw a leap in net profit for the year ended 31 December 2014 to £94.7m from £85.2m in 2013.
Zurich's Asia-Pacific chairman Riddell to retire
Geoff Riddell, Zurich's Asia-Pacific chairman, will retire from the insurer after he manages a transition period for his successor.
Zurich's UK profits climbed 19.5% in 2014
Zurich's UK pre-tax general insurance profits climbed 19.5% to £171m last year from £143m in 2013.
Ace enhances premises pollution cover for Australia and New Zealand
Insurer Ace has enhanced its premises pollution liability policy for Australia and New Zealand.
Costa Concordia captain sentenced for manslaughter
Francesco Schettino, the captain of the stricken cruise ship Costa Concordia, has been sentenced to 16 years in jail.
Chinese broker given suspended death sentence
Chen Yi, former general manager at broker Shanghai Fanxin Insurance, has been given a suspended death sentence after being found guilty of mis-selling.
Insurers ‘should not pay' vehicle excise charges for stolen cars
A solicitor specialising in accident litigation has told insurers that they are not to obliged to pay for some vehicle excise charges levied by Vehicle Enforcement and Ancillary Services.
AA looks to cut insurance jobs
The AA has said that around 50 insurance jobs at its Newcastle call centre are at risk as part of a company-wide review.
Towergate tight-lipped on potential job losses after Berwick office closure
Towergate staff based in Berwick have been informed they will need to consider roles elsewhere after the firm made the decision to close its borders-based office.
Rias founder Holden eyes £50m GWP with start-up broker
The founders of over 50s insurer Rias and Insure 4 Retirement have launched a Hampshire-based direct to consumer broker with the expectation of surpassing £50m in annual written premiums within five years.
Motor stabilisation ‘overplayed’ says Berenberg as it downgrades Esure
Equity analyst Berenberg has downgraded Esure from 'buy' to 'hold', citing "near term dynamics" in the motor market as an issue that is expected to impact the firm.
MP Evans to quiz local police bosses on insurance fraud resource
The chairman of the All-Party Parliamentary Group on Insurance and Financial Services has vowed to write to the Association of Police and Crime Commissioners to get a handle on the resource available to combat insurance fraud.
Criminal avoids return to jail for fraudulent forklift claim
A 36-year-old Bradford man has been sentenced to eight months suspended for a year and ordered to work 200 hours unpaid after attempting to con RSA out of £10,000.
Torrance returns to Allianz board after short-lived US adventure
Former Allianz UK CEO Andrew Torrance has been appointed as a non-executive director of Allianz Holdings, two months after leaving the firm’s Fireman’s Fund business in the US.
APU warns of corporate insurance policy abuse
Drivers are ‘routinely' abusing corporate insurance policies by incorrectly accepting responsibility for accidents, according to a report by anti-motor fraud specialist, Asset Protection Unit.
Captives must 'embrace' Solvency II warns Moore Stephens
Captives need to embrace the forthcoming Solvency II legislation or risk "losing their purpose", according to Omar Ripon, partner at accountancy agency Moore Stephens.
Government asked to evidence flood defence funding plan
The Environment, Food and Rural Affairs committee has called for government to show how the partnership funding model for flood defences will deliver greater private sector funding.
Gable chairman Sofaer steps down
Lichtenstein-based Gable Holdings' non-executive chairman Michael Sofaer has stepped down from the board to concentrate on family and other business commitments, the company has announced.
Suncorp's reinsurance "issue" could cost £60m
Australian financial services group Suncorp has been advised there is a potential issue with its recovery of catastrophe losses from its 2011 reinsurance programme.
Willis Q4 2014 net income grows 11.8% against full year drop
Willis Group has reported a net income for the 12 months ended 31 December 2014 of $362m (£237m), a decrease from its 2013 result of $365m.
Snowball gives no reason for Suncorp exit
Industry giant Patrick Snowball is set to leave Australian financial services group Suncorp where he is group CEO.