News
Markel reports threefold increase in comprehensive income to shareholders
Markel has reported strong H1 2016 results, with a 307% increase in comprehensive income to shareholders from last year.
More than nine out of 10 winter flood claims now settled, says ABI
More than nine out of 10 claims following the winter storms have been fully or partly settled, the Association of British Insurers has said.
Novae's gross written premiums up by 10% in the first half of 2016
Novae Group has seen a 10% increase in its gross written premium in the first half of 2016.
Axa posts solid global first half results despite 'headwinds'
Axa's underlying profits were flat at €3.1bn (£2.6bn) in the first half of 2016 compared to the same period last year, with net income climbing 4% to €3.2bn.
AIG's global commercial premiums shrink 21% in Q2
AIG's shares climbed 2.5% in after hours trading after returning to profit in the second quarter of 2016.
Ageas launches app-based millennial insurer Back Me Up with monthly fee
A new app-based insurance start-up aimed at millennials has launched this week targeting the millions of 18 to 34-year-olds who do not currently buy contents, travel or device cover.
Emerald Life launch travel insurance for LGBT community
Emerald Life has launched into the travel insurance market with a first-time product to close the ‘insurance gap’ faced by the LGBT community.
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.