News
Fitch puts RSA ratings on negative watch
Fitch has placed RSA’s 'A' insurer financial strength rating on watch negative following the announcement of further reserve strengthening in relation to its Irish business.
Keycare unveils three board appointments
Lost and stolen keys insurance provider Keycare has made three board appointments.
Aspen merges UK property and liability teams
Global insurer Aspen will merge its UK property and liability underwriting teams from 1 January 2014.
PWC predicts steady 2014 London market outlook
PWC is predicting improved planned profitably in 2014 for some London market classes such as accident and health.
Travelers joins IUA
Travelers Insurance Company has become the latest firm to join the International Underwriting Association.
Liberty Mutual appoints Leeds branch manager
Liberty Mutual Insurance, the commercial lines division of Liberty Specialty Markets, has appointed John Meehan as branch manager of its Leeds office from 31 December.
Investors urge RSA 'to solicit takeover bids'
Beleaguered insurer RSA has been ordered to put itself up for sale by several major investors, The Sunday Times has reported.
Brightside slashes 2013 forecast by 20%
Brightside Group has reduced its 2013 earnings estimate by approximately 20% after further capacity restrictions in the fourth quarter of 2013 adversely affected the broker’s online business.
IAG buys Wesfarmers' underwriting arms
Insurance Australia Group has bought conglomerate Wesfarmers' underwriting operations for A$1.85bn (£1bn) subject to regulatory approval.
Philippines typhoon rebuilding costs to reach $3bn
According to Philippines President Aquino, the cost of rebuilding affected areas of the country after super typhoon Haiyan is likely to cost $2.94bn (130bn pesos).
Sompo Japan in talks to buy Canopius
Japanese general insurer Sompo Japan is in advanced talks to buy Lloyd's insurance group Canopius for around £600m ($970m).
Ageas joins the IFB
Ageas Retail business has become the latest firm to sign up to the Insurance Fraud Bureau.
Ecclesiastical exits non-charity care market
Ecclesiastical has confirmed it has withdrawn from the non-charity care home sector in a move which is expected to have implications for the sector.
Lloyd’s CEO announcement expected Monday
Lloyd’s is set to name its new chief executive on Monday, Post understands, with Canopius group chief executive Inga Beale the front runner for the role.
Devine replaces Bristow as divisional MD at Gallagher Heath
Gallagher Heath has appointed Tim Devine as managing director of its public sector and education practice.
RSA will pay Lee £824k through 2014
Former RSA chief executive Simon Lee will be paid £824 000 in monthly installments over the course of 2014 as part of the terms of his resignation.
Webinar: Hanks, Woolgrove, Moore and Jenkins discuss Aldermanbury Declaration progress
Three years on from the launch of the Aldermanbury Declaration, Post recently held a webinar to look at how the industry is going to move on and raise the professionalism bar within the UK insurance industry.
Lee speculation took its toll on staff, claims RSA UK boss Brown
RSA UK and Western Europe chief executive Adrian Brown has maintained that although speculation on the future of Simon Lee hit staff at the insurer, service levels remained unaffected.
Last chance to take advantage of early bird for the 2014 Motor Claims conference
Today is the last day to take advantage of the early bird offer for Post's hugely popular annual Motor Claims conference.
New laws have done little to curb whiplash culture, LV says
More than half of Britons have been contacted by a claims company and encouraged to make a compensation claim for injuries in the six months since the implementation of litigation reforms in April, research from LV has found.
Axa, Allianz and Zurich among 'corporate predators' circling RSA, claims analyst
Axa, Allianz and Zurich have been touted as likely bidders for RSA after the firm’s share price plummeted following news of chief executive Simon Lee’s “inevitable” resignation.
Post expands coverage to include international insurance news
Post is delighted to confirm Insurance Insight is now part of postonline.co.uk giving our subscribers a truly global insurance view on the industry.
FCA fines Porta Verde £25 000 for insurance mis-selling
The Financial Conduct Authority has fined Porta Verde Financial Services £25 000 after two of its appointed representatives mis-sold insurance, often to elderly and vulnerable customers.
Icat appoints new active underwriter
Icat has appointed Megan McConnell as active underwriter for Syndicate 4242 at Lloyd’s.