News
ABI backs EU deal as 'valuable' for sector
The Association of British Insurers has welcomed a “valuable” deal for the financial sector as Prime Minister David Cameron announced reforms agreed between the UK and the European Union late on Friday (19 February).
New Zealand remembers victims of Christchurch earthquake five years on
Christchurch has held a public memorial to remember the 185 people who died in the devastating 22 February 2011 earthquake.
20 dead after strongest storm in Fiji's recorded history
At least 20 people have died after the strongest storm ever recorded in the southern hemisphere smashed into Fiji over the weekend.
Allianz keen for UK to stay in Europe
Allianz UK CEO Jon Dye has confirmed the German-owned insurance company would like the UK to remain within Europe ahead of the planned referendum on the UK's membership of the European Union.
Allianz UK reports 102.6% COR alongside £93m storm loss
Allianz UK has reported a 2015 combined ratio of 102.6% (2014: 97.6%) with the December 2015 storms costing the business £93m.
Quiz of the week – 19 February
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‘Challenging environment' takes toll on Brit's 2015 profits
Lloyd's insurer Brit saw its post-tax profit plummet to $15.6m (£10.8m) in the 12 months ended 31 December 2015 from $229.3m in 2014.
Theresa May visits Ifed officers as new fraud taskforce is launched
Home Secretary Theresa May MP visited officers and staff from the Insurance Fraud Enforcement Department last week as she launched a new fraud taskforce geared towards achieving a more joined-up approach to tackling fraud.
First ruling on 'fundamentally dishonest' NIHL claim awards Allianz costs
The first “fundamental dishonesty” ruling has been made on a noise induced hearing loss claim, with the insurer behind the case, Allianz, able to recover costs as a result.
Negative outlook for reinsurance market
Ratings agency Fitch has maintained a negative outlook for the reinsurance sector, with anticipated further premium price falls and low investment yields contributing to the forecast.
Cunningham Lindsey relaunches in-house surveying practice
Cunningham Lindsey has relaunched its in-house technical surveying services practice under the group's building consultancy brand name, Sergon.
Charles Crawford joins Gallagher to help with integration project
Former Davies CEO Charles Crawford has joined Arthur J Gallagher International in the role of interim programme director to assist with the ongoing integration of businesses at the firm.
Allianz-owned Euler Hermes reports £324m profit in 2015
Allianz trade credit subsidiary Euler Hermes today revealed an operating profit of €417m (£324m) in 2015 on revenue of €2.64bn.
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Former Towergate CRO joins Aon
Former Towergate group chief risk officer Keith Jackson has joined Aon UK as CRO.
Lancashire reports GWP and profit fall for 2015
Lloyd's insurer Lancashire Holdings has reported a 29% decline in gross written premiums for the 12 months ended 31 December 2015, as net operating profit dropped to $173.4m (£121.1m) from $231.9m in 2014.
ERS COR dips below 100% but profit declines
Motor insurer ERS has reported a combined operating ratio below 100% - 99.8% - for the first time since 2009.
#Post people - 16 - 22 February 2016
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Lancashire chairman Thomas to step down
Lancashire Holdings chairman and director Martin Thomas is to step down from both positions following the company's annual general meeting on 4 May.
XL Catlin hires from Asia Capital Re for political risk role
XL Catlin has appointed Lim Mei Yean as an underwriter in its political risk and trade credit team based in Singapore.
Thousands of commercial motor fraud cases uncovered by Aviva
Aviva detected almost 2200 cases of commercial motor fraud in 2015, with the company now set to screen all such policies for fraud at application.
Average property damage claim cost more than doubled in past decade
The average cost of property damage claims has more than doubled in the past 10 years, with pay-outs totalling £4bn per year, according to research from law firm BLM.
Data breach at Aviva’s online offering Quote Me Happy
Customers of Aviva brand Quote Me Happy were able to see the contact information of other clients, but the insurer says it was a small percentage and the details could not be altered.
Ageas will replace UK General capacity deal
Ageas will look to replace the agreement it had with UK General after it was announced Great Lakes Reinsurance (UK) will takeover as the managing general agent's major capacity provider.