News
Novae boosted by UK liability cover for Q1
Improved performance in its UK general liability book helped Novae record an overall increase of 5.7% in gross written premiums for Q1.
Allianz 'bang on' for revenue goals despite Q1 results: Dye
Allianz UK chief executive Jon Dye told Post the firm was "absolutely overall where we want to be" despite a 46% fall pre-tax profits to £24.7m for the first quarter of 2014.
Storms may not hit full year figures, says Ageas’ Watson
The surges of winter storm and flood claims which drove Ageas into reporting a Q1 loss this morning may be immaterial to full year results according to UK chief executive Andy Watson.
Towergate boss Nathan unconcerned by plummeting Arista profits
Towergate Underwriting chief executive Clive Nathan has downplayed the implications of falling profits at newly acquired Arista by claiming the slump relates to the managing general agent’s decision to re-underwrite its motor book.
Biba 2014: Reid named Biba deputy chairman
Stuart Reid has been appointed as deputy chairman of the British Insurance Brokers’ Association.
Biba 2014: Steve White calls for consumer focus
British Insurance Brokers' Association chief executive Steve White has called for "total signposting" throughout the industry
Biba 2014: Brokers need to give customers peace of mind Lord Hunt says
British Insurance Brokers' Association chair Lord Hunt says brokers should be setting the "gold standard for advice" and giving customers peace of mind.
Biba 2014: Consultation on raising broking standards launched
Raising standards within the sector has moved to the top of the British Insurance Brokers’ Association’s agenda following the completion of the segmentation and governance strands of the trade body’s strategic review.
Allianz pre-tax profits halved to £24.7m by weather losses
Allianz UK has seen its Q1 performance hit by weather losses but maintained a positive result, reporting a pre-tax profit of £24.7m, down 47% from £46.8m in 2013.
White questions FCA decision-making speed after Treasury launches review
Industry figures critical of regulator’s early naming and shaming policy
Care home rates skyrocket as firms seek to limit exposure after Savile scandal
RSA among insurers demanding increased premiums amid claims surge fears
Admiral grows customer base but turnover droops
Admiral has reported an expanded number of total group customers at the end of Q1, but noted that group turnover has fallen by 7% to £514m (2013 Q1: £551m)
Storms push Ageas to £4.6m Q1 loss
Storm and flood losses damaged Ageas’ financial performance in Q1, with the insurer swinging to a £4.6m loss.
Biba 2014: Brokers to be briefed on add-on products by Axa Assistance
Axa Assistance will provide brokers with regular customer research findings on the sale of add-on products along with updated product information, a review of policy wordings and clearly defined customer benefits.
Biba 2014: UK brokers have most expensive regulatory regime
UK brokers have higher regulatory costs than their counterparts in France and Germany, according to research.
Biba 2014: Biba launches voluntary sector guide
An insurance guide for the voluntary sector has been produced by the British Insurance Brokers’ Association and the Volunteer Liaison Group.
Catlin's GWP increased 9.3% in first quarter
Gross written premiums at insurer Catlin climbed 9.3% in the first quarter of 2014 to $2.01bn compared to $1.84bn in Q1 2013.
FIFA extends World Cup injury insurance
FIFA has extended its insurance coverage for players on national team duty that are injured before its squad deadline date of 26 May.
Death toll at Turkish coal mine rises to 278
At least 278 people have been killed after an explosion at a coal mine in the Turkish town of Soma in the Western province of Manisa.
Ace launches mobile app for web trading platform
Ace has launched a mobile ipad app for its web-trading platform, Ace Online, which allows brokers to quote and bind new business on behalf of clients.
Broking M&A boom predicted as private equity appetite grows
Report reveals UK dominance of European insurance deals
Whiplash reform consultation criticised for being ‘vague’ and ‘watered down’
Fixed fees for medical reports among areas of concern for stakeholders
Nexus launches trade credit rebrand
Specialty managing general agent Nexus Group is to rebrand its trade credit offering as CIFS in a bid to simplify its offering.
Pioneer appoints two new non-execs
Pioneer Underwriters has appointed of Ian Clark and Eamon Brown as non-executive directors, with immediate effect.