News
Terry one of three directors to boost Quindell shareholding
Quindell chairman Rob Terry has increased his stake in the company to 10.69% after purchasing a further one million shares.
Video: Axa commercial intermediary MD Jon Walker
Three months into his role as Axa’s managing director for commercial intermediary, Jon Walker speaks with Francesca Nyman about the challenges of SME business, what brokers want, and his personal goals.
RSA appoints Pastwa as Scandinavian CFO
RSA has appointed Stig Pastwa as chief financial officer for its Scandinavian business effective 1 May 2015.
Mapfre sees year-to-date revenues inch up to €19.8bn
Spanish insurer Mapfre has recorded revenues of €19.8bn in the first nine months of 2014, a 1.6% increase on its 2013 result.
Insurance industry distances itself from disgraced former Swinton execs
Axa has denied that former Swinton director Nick Bowyer has ever been an employee of its appointed representative Drivology after he was censured by the Financial Conduct Authority.
No plans for Ageas Retail redundancies ‘at the moment’ says Watson
Ageas UK CEO Andy Watson has said the insurer has no current plans for redundancies in Ageas Retail as the insurer seeks to make cost savings across its intermediary business, though he conceded it remains too early to be certain.
BLM brings Greenwoods marine team on board
Law firm BLM has appointed a new team to specialise in marine-related insurance claims.
Hardy looks to Hiscox for energy and marine division head
Hiscox's Carl Day has been appointed energy, marine and aviation head at Hardy.
Lancashire sees 9M COR deteriorate but dividend still beats analyst expectations
Specialty insurer Lancashire saw its combined ratio deteriorate to to 74.5% for the first nine months of 2014, compared with 69.7% in the first three quarters of 2013.
Argenta bolsters Syndicate 2121 with double hire
Argenta Syndicate Management has appointed two UK property and liability underwriters to Syndicate 2121.
ABI household premium tracker depicts stable home insurance market
The price of home insurance has remained stable over the last year despite rises in some average claim costs, according to the Association of British Insurers Average Quarterly Household Insurance Premium Tracker launched today.
Former Swinton CEO Halpin fined and banned from senior roles after adds-ons mis-selling
The Financial Conduct Authority has fined three former senior executives of Swinton Group £928,000.
Admiral signs data warehouse deal with Teradata to support transformation programme
Insurer Admiral has signed a deal with big data analytics and marketing applications specialist Teradata to support its business transformation programme.
Flood defence spending ‘insufficient’ says Audit Office
Spending on flood defences is insufficient to meet needs for maintenance according to a report from the National Audit Office.
Hyperion and RK Harrison in exclusive merger talks
Hyperion has entered into exclusive talks to acquire RK Harrison over a potential merger, creating a broker described as “the pre-eminent international and UK retail distribution network”.
Esure motor Q3 motor GWP down 9% after rate battles
Esure has reported a year-on-year 8.8% decrease in motor gross written premiums for Q3 as the insurer seeks to secure increased rates from policyholders.
Ageas profits down on 2013 despite improved Q3
A leap in Q3 profits has not proved enough to return Ageas' profits to 2013 levels, as the insurer continues to recover from substantial storm claims in the first quarter of the year.
EAIC 2014: Insurers should embrace social media in Asia
The use of social media is growing in Asia and insurers need to have strategies to engage with customers according to a panel at the East Asia Insurance Congress.
China becoming "more accessible" to foreign insurers, says Axco
Global insurance information provider Axco believes China is becoming more accessible to foreign insurers despite only having a 1.3% market share in 2013.
ABI clarifies rate tracking method after posting incongruous Q3 motor prices
ABI figures out of step with those produced by The AA and Towers Watson
Industry welcomes PRA survey on ‘real threat’ of climate change risk
Insurers lack understanding of climate change’s implications for investments
Insurers back insurance premium tax waiver for young telematics users
Report revives young driver debate amid claims it was ‘buried’
Experts reveal ‘significant’ links between insurance fraud and terrorism
Met commissioner says one-third of counter-terrorism policing is fraud-related
Kennedys CEO Stobart to step down
Law firm Kennedys has announced that CEO Guy Stobart has resigned after five years leading the firm.