News
Results round up: 2015 full year company results
Zurich and Markel latest firms to file. Find all the unedited 2015 full year results in one place.
Suncorp's CEO cites climate change as half year insurance profits fall 29%
Michael Cameron, CEO of Queensland based financial services group Suncorp, said a record run of natural disasters were hampering the company's performance.
Zurich UKGI COR hits 109.5% amid £62m operating profit loss
Zurich's UK general insurance business has reported a £62m business operating profit loss in its 2015 full-year results due to a high volume of large losses, and claims related to the end of year UK storms and floods.
Biba expands PI panel for members
The British Insurance Brokers' Association has expanded its panel for members' own professional indemnity cover with MGB Insurance Brokers, Griffiths and Armour and Lockton on the board.
Greco to begin Zurich CEO role earlier than planned
Generali's outgoing CEO Mario Greco will start his upcoming Zurich global CEO role months earlier than originally planned.
Zurich's CEO announces more job losses after "disappointing" 2015
Zurich's interim CEO Tom de Swaan has announced plans to eliminate 8000 roles by the end of 2018 after announcing a 37% profit fall last year.
Kirshner hails 'tremendous' underwriting result at Markel
Alan Kirshner, executive chairman at Markel, said 2015 was a "tremendous year" for the (re)insurer's underwriting operations.
Taiwan building standards under scrutiny after deadly earthquake
Taiwanese authorities believe poor construction methods helped cause the collapse of a block of flats in the city of Tainan after a 6.4 magnitude earthquake.
Four Birmingham ghost brokers sentenced
Four Birmingham men have been sentenced after a ghost broker insurance scam was uncovered by Insurance Fraud Enforcement Department detectives.
Covéa confirms direct motor launch
Covéa has officially launched its direct motor insurance offering, announced in December 2015.
Flood Re unveils first transition plan
Flood Re has today (10 February) produced its first transition plan, setting out the expected course of the scheme's main parameters over the next five years.
Lloyd’s CRO: Brexit could damage London market
A vote to leave the European Union in the forthcoming UK referendum could fundamentally damage the London market, according to Sean McGovern, Lloyd's CRO and general counsel.
IPT to blame for increase in building and contents premiums
The cost of buildings-only and contents-only insurance rose 3.5% in the most recent quarter, which can be largely attributed to the Insurance Premium Tax hike, according to the Association of British Insurers.
L&G partners with SSP for digital change programme
Legal & General has partnered with software provider SSP to deliver its new technology platform, including using a cloud-based quote system and an administration platform.
Further defendants added in Gallagher court case
Arthur J Gallagher has expanded its legal proceedings against Alex Skriptchenkov and Portsoken Limited to include five more defendants.
Willis GB commissions and revenues slump in 2015
Willis GB has reported a drop in revenue to $641m (£443m) for the 12 months to 31 December 2015 while, at group level, the broker reported a $24m net loss for Q4 2015.
Brit opens Singapore office on Lloyd’s platform
Brit is to open a Singapore office on 1 March 2016 after receiving approval to begin underwriting from both Lloyd’s and the Monetary Authority of Singapore.
XL Catlin partners with Ventus on SME offering
XL Catlin has partnered with Ventus Risk Management to allow the managing general underwriter to provide commercial property insurance for SMEs.
#PostPeople: 9-15 February 2016
All the latest insurance industry market moves between 9 and 15 February 2016 in full and in one place.
The Post Power List 2016 is revealed
Post is delighted to reveal its 2016 Power List, a carefully (wine) crafted list of movers and shakers both within and without the insurance industry who we at Post Towers – with our experience, knowledge and independent view – believe will either have…
Aon seeks partners for SME affinity growth
Aon Risk Solutions is seeking to expand its SME broker distribution channel through more Aon-appointed representatives for its Aon affinity division.
Axa extends travel insurance deal with Lloyds
Axa Insurance has extended its existing travel insurance agreement with Lloyds Banking Group to include a new deal to provide the same cover to the group's Halifax customers.
RSA’s Bristol office to close with jobs at risk
RSA will close its Bristol office, with up to 15 jobs put at risk of redundancy as the insurer moves to a commercial trading site.
Advertising costs and competition major deterrents to insurers entering aggregator space
Sky-rocketing advertising costs and an already competitive market have been cited as potential deterrents for any insurers considering entering the aggregator space after an Accenture report estimated 83% of UK firms were contemplating such a move.