News
Esure profits up 18% despite taking a battering in home market
Esure has seen profits rise by 18% despite losses in its home segment from weather claims.
Fitch issues gloomy warning for company market in wake of Ogden rate changes
Fitch has issued a gloomy warning for the UK non-life company market this year in the wake of the Ogden rate cut.
AIG CEO Peter Hancock steps down over eroding shareholder support
AIG CEO Peter Hancock, has resigned, citing a lack of “wholehearted shareholder support”.
Aviva to focus on cost-cutting in wake of restructure
Aviva will look to make cuts in areas of the business that overlap following the recent restructure.
Dominick Hoare replaces Jardine on Lloyd’s Council
Dominick Hoare, chief underwriting officer for the Munich Re Syndicate has been elected to the position of corporate-external member to the Council of Lloyd’s.
ICO fines nuisance call firm using customer data from brokers
A Hampshire company that made 22 million nuisance calls has been fined £270,000 by the Information Commissioner’s Office.
Government must 'fight fire with fire' over Brexit business
The UK government needs to "fight fire with fire" when it comes to keeping business within the City of London during Brexit negotiations.
CII holds mass networking event to highlight insurance apprenticeship opportunities
The Charted Insurance Institute has organised a networking event between leading insurers, students and apprentices to raise awareness of insurance apprenticeship schemes.
LMG seeks new EU cross-border deal for market
The London Market Group has called for a new trade deal between the UK and the European Union that will allow insurers to operate across borders.
Admiral CEO’s charity sells shares worth £4.02m
Admiral CEO David Stevens’ own charity, the Waterloo Foundation, has sold 225,000 shares in the insurer worth £4.02m.
Claims boss John Latter to leave Zurich for Chubb
John Latter, director of technical claims at Zurich, has resigned and will join Chubb.
Aviva's general insurance COR soars to 106.3%
Aviva has reported a significant increase in its UK general insurance combined operating ratio to 106.3% in 2016.
Novae hit by US catastrophes and Ogden as profit drops 45%
Novae has described its 98.3% pre-Ogden 2016 combined operating ratio as disappointing while the Lloyd's (re)insurer's investment portfolio performed well.
Charles Taylor eyes potential $6.1 trillion insurance market after solid 2016
London-headquartered global insurance services firm Charles Taylor is confident of global expansion after posting solid 2016 results.
Swiss Re Corporate Solutions opens Kuala Lumpur office
Swiss Re's commercial insurance arm has opened an office in Kuala Lumpur.
With the deadline less than a week away start your British Insurance Awards entry today
The countdown has well and truly began to get entries in for the 2017 British Insurance Awards with the deadline now less than a week away.
ABI blasts government over 'extraordinary' discount rate costs to NHS
The government has set aside £5.9bn to “protect the NHS” from changes to the Ogden discount rate, the Chancellor confirmed today in his speech on the Spring Budget.
Chancellor’s budget of ‘little comfort’ to insurers
Chancellor Philip Hammond's Spring budget is of "little comfort" to insurers due to recent insurance premium tax hikes, trade bodies say.
AIG to establish post-Brexit EU hub in Luxembourg
AIG will move its Europe operations from the UK to Luxembourg ahead of Brexit.
Telematics broker becomes member of the IFB
Telematics broker, Carrot Insurance has become a member of the Insurance Fraud Bureau in a move that will see both parties sharing data with one another.
Insurers must fight fraud in the courtroom: Justice Kearns
Insurers must fight back against exaggerated and fraudulent personal injury claims in court, the chairman of Ireland’s Personal Injury Commission has said.
Admiral to raise motor premiums by 10% following Ogden
Admiral will increase premiums by a further 10% in coming months following a double whammy of the Ogden rate cut and the hike in the Insurance Premium Tax.
Sutton and Humphreys part ways with Integro UK
John Sutton and Toby Humphreys will leave Integro Insurance Brokers after guiding the UK operation for over 11 years.
Irish PI compensation changes a 'major step forward for the market'
Guideline changes to personal injury lawsuit compensation in the Republic of Ireland is a “major step forward for the market,” one of the country’s top lawyers has said.