News
Bellamy calls for Das arrangement to be referred to the regulator
Former Das employee, Philip Bellamy, has denied any wrongdoing and insisted his own conduct was “impeccable” following news of his departure.
Bupa UK sees 2014 revenue grow 5% to £2.7bn
Bupa UK has achieved a 5% revenue increase for the year ended 31 December 2014 to £2.7bn.
Travelers Europe promotes COO Wilson to CEO
Travelers Europe chief operating officer Matthew Wilson has been appointed CEO for the business.
Paymentshield secures extension to MAB distribution deal
Paymentshield has confirmed its distribution agreement with Mortgage Advice Bureau has been extended to 2017.
Towergate confirms Towergate Financial sale
SME giant Towergate has confirmed the sale of Towergate Financial to Palatine Private Equity, subject to Senior Secured Creditor consent and regulatory approval.
Friends Life grants investment opportunities but selective GI exits considered
The Friends Life deal will “accelerate” Aviva’s turnaround and enhance its ability to deliver improved cashflow and growth according to CEO Mark Wilson.
MGA's and specialists lead the way in product innovation, SSP says
General insurance technology provider SSP has identified managing general agents and specialists as top innovators in its new white paper.
Brokers to provide risk management guidance with online tool
Brokers are being encouraged to provide their clients with risk management guidance as an online digital tool is launched by Axa.
ACE Group hires claims director for Continental Europe
ACE Group has hired Tim Scott-Young as claims director for Continental Europe.
Motor rate decline to halt in 2015, says Admiral UK CEO
Price reductions in the UK motor market are set to end in 2015, as cheaper claims frequency rises in the wake of lower fuel costs, according to Admiral Group’s UK CEO David Stevens.
Insurance Europe calls for EIPOA stakeholder workshops
Insurance Europe has called for a limited on the number of guidelines and simplification for Solvency II implementation.
Quindell raises £7.1m from Nationwide Accident Repair sale
Quindell has sold its stake in Nationwide Accident Repair Services raising £7.1m for the embattled company.
Aviva records 6% increase in operating profit
Aviva posted a 6% increase in group operating profit to £2.17bn for the 2014 financial year, and an improved combined ratio, as CEO Mark Wilson warned the firm had “further to travel” with its turnaround plan.
Admiral posts reduced profit for first time since float
Admiral Group posted a profit of £357m for 2014, the first fall in profit since its stock market flotation in 2004.
A quarter of firms likely to miss Solvency II deadline
Most insurers expect to be ready for the reporting and disclosure requirements of Solvency II by the end of the year, however a significant minority will struggle to meet to deadline, a survey by financial adviser Grant Thornton has found.
200 jobs at risk as Ageas Retail plots closure of Belfast site
Ageas Retail is planning to close its outbound call centre in Belfast and has entered a 90 day consultation period with the office’s 200 staff.
JLT sees 'great opportunity' for European cyber growth
JLT plans to use its experience in the US cyber market to grow its European business, although it may need to win over large corporates who remain on the fence about the benefits of the cover, deputy CEO Mark Drummond-Brady has said.
Two-thirds of consumers not happy with insurers' phone handling
Less than a third of British consumers are happy with the way insurers handle their phone calls, according to new research conducted on behalf of PH Media Group.
Marsh call for all-risk BI gets Airmic support
The risk management industry has backed a call from global broker Marsh to overhaul business interruption policies and make them more relevant to modern customer demands.
L&G GI chief questions long-term pricing approach of rivals
Legal & General's approach to long-term home insurance pricing means it is in a more favourable position than certain market peers, according to the firm's general insurance boss Mark Holweger.
Gibbons takes chair at Biba's small brokers' board
Andrew Gibbons, managing director at Mason Owen Financial Services, has been appointed chairman of the British Insurance Brokers' Association's smaller brokers' advisory board.
Torus CEO 'pleased with progress' under Enstar
Enstar Group has reported Torus Insurance's results for the final three quarters of last year.
Green appointed Marshall's successor at Besso
Besso property chairman Howard Green has been appointed CEO of the broker following the retirement of Colin Marshall.
ABI director general outlines data revolution opportunities
Huw Evans, the director general of the ABI, has told insurers that they need to continue to tackle reputational challenges and gain greater public trust if they are to maximise the potential of the data revolution.