News
Hiscox reports 6.5% pre-tax profit fall as GWP rises
Hiscox’s pre-tax profit dropped by £14.9m to £216.1m in 2015 as the company reported increased gross written premiums of £1.94bn (2014: £1.75bn).
Plum Underwriting buys R&Q MGA Synergy
Plum Underwriting has acquired specialist high-net-worth managing general agent Synergy Insurance Service from Randall & Quilter.
Markel appoints industry veteran Spencer as NED
Markel International has appointed former BMS CEO John Spencer as a non-executive director.
Video: Covéa Insurance CEO James Reader
Covéa Insurance CEO James Reader tells Post his plans for the next 12 months including the continuing integration of the Sterling business.
BGL group appoints Platt as CFO
BGL Group has appointed Dominic Platt as chief financial officer, subject to regulatory approval.
Century Underwriting launches professions division
Managing general agent Century Underwriting has launched a professional indemnity and directors' and officers' service in partnership with insurer Arch.
Britannia and UK P&I Club in merger talks
The boards of the Britannia Club and the UK P&I Club have entered into merger talks.
Career File: Body named Ten MD as Lee steps down
Ten Insurance managing director Malcolm Lee is stepping down from his post to be replaced by Alistair Body, who joined the company's board one year ago.
Skuld announces executive changes and 2016 renewals growth
Norwegian marine insurer Skuld has announced three changes to its management team including appointing Lars Dueled as chief underwriting officer.
LV Broker finds underinsurance gap in 2.7 million ‘mid-net-worth’ homes
Households are not identifying themselves as wealthy enough, leaving the vast majority underinsured according to LV Broker.
Lancashire's Maloney to lead subsidiary Cathedral Capital
Lancashire Group CEO Alex Maloney is to take on the CEO role at Lancashire subsidiary Cathedral Capital, the holding company for Cathedral Group.
Axa's Evans 'surprised' by competitors' flood figures
Axa's £80m flood bill did not materially affect its 2015 results, according to UK and Ireland group CEO Paul Evans, who was "surprised" at some of the results released by competitors.
Four more regional sites to be ‘optimised' in RSA cost-saving drive
RSA's offices in Liverpool, Halifax, Horsham and Chelmsford will be impacted by the insurer's plans to reduce its regional footprint.
Covéa recruiting for northern region leader to replace Owen
Covéa Insurance north region head Maureen Owen is to leave the business at the beginning of March, the company has confirmed.
Davies launches new-look UK casualty division
Davies Group has launched Davies Casualty a new division incorporating all of the group's UK casualty operations, including Garwyn & Argent.
Axa UK and Ireland reports improved COR and £80m flood bill
Underlying earnings for Axa UK and Ireland increased 25% to £312m in 2015 (2014: £250m) alongside an improved combined operating ratio of 97.1% (2014: 98%).
Lorega finalises management buyout
UK MGA Lorega has completed a management buyout, backed by Alcuin Capital Partners.
RSA unveils record underwriting profit as Hester declares turnaround 'largely complete'
UK-headquartered RSA's after tax profits climbed 221% to £224m in 2015 compared with 2014.
Aon's clients suffered $1bn of losses from Tianjin
Aon's clients alone have already suffered losses in excess of $1bn (£700m) from last year's Tianjin port disaster in China.
$500m sale of US arm will 'transform' the broker, says Cooper Gay CEO
Global wholesale and (re)insurance broker Cooper Gay Swett & Crawford has sold its US arm Swett & Crawford to US broker BB&T.
Insurers warned over increased risk of identity fraud
Fraud specialist Synectics Solutions has warned insurers that they face a heightened challenge in 2016 in the form of identity fraud.
GWP and COR improve for global reinsurer Scor
French reinsurer Scor has posted an upgraded financial rating on the back of a 6.4% increase in 2015 gross written premiums to €13.4bn (£10.6bn).
Career Development: 1000 companies to inspire Britain
Fourteen insurance specialists were named in the London Stock Exchange Group’s report, 1000 Companies to Inspire Britain, which showcases dynamic small and medium-sized enterprises across all sectors of the economy.
PIB acquires Cooke & Mason
Private equity-backed PIB Insurance Brokers has continued to grow through the acquisition of Nottinghamshire-based commercial insurance brokers Cooke & Mason.