News
Insurers need 'massive mind-shift' to create Amazon one click revolution, claims Aviva’s Brem
Insurers need to focus on the "ultimate tailoring" of their offerings and take the plunge on "appification", if they are going to compete with online giants like Amazon.
Carrot suggests IPT exemption for young drivers
Telematics provider Carrot wants Chancellor of the Exchequer George Osborne to exempt young drivers from paying insurance premium tax if they buy an approved safe driving telematics programme within one year of passing their driving test.
LV's GI operating profit drops 22% alongside broker division loss
LV's general insurance business has reported a 22% drop in operating profit to £72m (2014: £92m) and a 14% decrease in underwriting profit to £44m (£51m) for the 12 months to 31 December 2015.
Telematics policy take-up accelerates by 40% in past year
The number of live telematics based motor insurance policies has increased by 40% of the course of the past year, according to research by the British Insurance Brokers’ Association.
Post 'Shaping the Profession' Webinar: Hong Kong qualifications
In the first of a quarterly webinar series hosted by Post, in association with the Chartered Insurance Institute, four experts discussed the role and scope of qualifications in Hong Kong insurance.
Aon's Hong Kong CEO resigns
Winnie Wong, CEO of Aon's Hong Kong operations, resigned last Friday (11 March) and is now on gardening leave.
Anbang offers $6.5bn for US hotel chain
Chinese insurance giant Anbang has offered around $6.5bn (£4.5bn) for Blackstone-owned Strategic Hotel Resorts which runs 16 luxury US-based hotels and resorts.
IPT could rise to 12.5% at March budget, AA warns
The AA has warned that insurance premium tax could rise from 9.5% to 12.5% in next week's Budget announcement.
CII targets women’s futures in new campaign
The Chartered Insurance Institute has officially launched a three-pronged initiative to reinvent insurance for women.
Inga Beale: ‘I started to behave like a man to fit in'
Lloyd's CEO Inga Beale has spoken of the challenges she faced working in the London insurance market in the 1980s at a gender equality festival in London today (11 March).
Ex-Zurich claims boss Day to 'raise the bar' with merged investigation firm
US investigation firm ICS Merrill has merged with Global Options to form a UK holding company with UK and US subsidiaries.
Pen Underwriting hires Preston as crisis management head
Pen Underwriting has appointed Rob Preston as its head of crisis management to grow the firm’s specialist risks business.
Hughes Insurance to shut over half its branches in April
Northern Irish broker Hughes Insurance is to close six of its eleven regional branches in April, as a result of the rising digital nature of the industry.
Aviva sells Irish health business
Aviva has sold its Irish health business to Irish Life, with the transaction set to close by Q3 2016.
Gen Re to close Hong Kong and Melbourne offices in restructure
Gen Re, a global reinsurer owned by Berkshire Hathaway, has decided to close six property and casualty offices after an evaluation of the business.
Brokers back Holmes as Aviva UKGI boss
The "great" appointment of Colm Holmes to head Aviva's UKGI business has not come as a surprise to broking bosses.
Tulloch's Aviva UK successor to maintain momentum with brokers
Incoming Aviva UK general insurance CEO Colm Holmes has vowed not to lose focus “on the fundamentals” and has set his sights on building on relationships with brokers.
Crawford international division reports reduced earnings amid ‘headwinds'
Fourth quarter operating earnings in Crawford & Company's international segment dropped to $7.3m (£5.1m) in 2015 compared to the Q4 2014 result of $9.6m.
UK-based insurance disruptor Zugar Znap expands to Europe
Millennial-focused insurer Zugar Znap will expand into France and Germany in a joint venture with German-based start-up platform Mass Up.
Analysts rate Aviva's top of range SII ratio
Analysts have praised Aviva's 2015 full-year results report highlighting the insurer's Solvency II ratio of 180%, which was 20% ahead of some forecasts.
Colosso becomes non-exec chair at personal lines MGA
Industry stalwart Adrian Colosso has lined up his second non-executive role following his departure from Howden, Post understands.
Helvetia Holdings to reduce board size
Three board members at Helvetia Holdings will not stand for re-election, following the integration of the (re)insurer with Nationale Suisse and a planned reduction of Helvetia’s board.
Profits and revenues up at Charles Taylor in 2015
Charles Taylor CEO David Marock has heralded 2015 as a year of “strong growth” after the multi-faceted firm delivered a 31.6% increase in statutory profit before tax to £12.8m for 2015 (2014: £9.7m).
Aviva UK CFO Holmes steps up to replace Tulloch as CEO
Aviva has named UK general insurance chief financial officer Colm Holmes as the successor to Aviva UK GI CEO Maurice Tulloch.