News
Hackney Empire secures £1.1m payout from Aviva
Aviva has been told it must pay the Hackney Empire theatre £1.1m following a decade-long legal battle.
Lloyds credits dry 2013 for 11pp COR improvement
Lloyds Banking Group’s general insurance business has attributed a reduction in weather related claims during the first half of the year for an improvement of 11 percentage points in its combined operating ratio.
RSA's Brown says underlying result not as 'impressive' as headline figures
RSA’s improved commercial lines results are “overstated” according to UK and Western Europe chief executive Adrian Brown, who downplayed the results.
SSP promotes Coupland to data services role
SSP has promoted Adrian Coupland to the newly formed role of head of data services while appointing Kate Mutter-Bowen to take over his former role as head of insurer and business partner relationships.
Money Supermarket's insurance traffic hit by changes in Google rankings
Money Supermarket said yesterday it had suffered a fall in motor and home insurance visitors in the second quarter after changes by search engine Google.
Whiplash claims doctor suspended for 12 months
The Yorkshire doctor who assisted motorists in making bogus whiplash claims has been suspended from practice for 12 months effective immediately.
Money Supermarket revenues grow by 10% in H1
Money Supermarket’s group revenue increased by 10% to £112.3m in the first half of 2013 up from £102.2m in the first half of 2012.
Fund managers PI queries set to rise
Insurers can expect an increasing number of professional indemnity queries from new and existing fund manager clients and their brokers as the cover becomes a regulatory requirement, CMS Cameron McKenna has warned.
Allianz to underwrite Sainsbury’s Bank pet insurance
Allianz has partnered with Sainsbury’s Bank to provide the bank’s pet insurance products.
Besso pre-tax profits climb 52%
Lloyd’s broker Besso has seen its pre-tax profits climb 52% in the year ending 31 December 2012.
Storm surge cat bond issued for New York MTA
The first ever catastrophe bond for storm surge has been issued for the New York Metropolitan Transportation Authority, based on modelling from RMS.
RMS delivers risk analysis for storm surge catastrophe bond
Catastrophe modelling firm RMS has delivered risk analysis for a storm surge catastrophe bond to provide the New York Metropolitan Transportation Authority with $200m (£132m) storm surge protection.
Andy Briscoe appointed chairman of Money Advice Service
Andy Briscoe, chairman of general insurance intermediary The Policy Shop, has been appointed chair of the Money Advice Service.
Direct Line cost drive 'crucial' as premiums drop
The latest AA index shows competition is intensifying and makes Direct Line's cost efficient drive 'crucial' according to Westhouse analyst Joanna Parsons.
XL appoints David Guest in crisis role
XL has appointed David Guest as underwriting manager, crisis management, Asia.
Natural disasters increase demand for property insurance in Kazakhstan
Kazakhstan’s plans to develop compulsory natural disaster insurance policies will stimulate the growth of the insurance industry until 2017.
RAC signs five-year deal with The Warranty Group
RAC has signed a five-year deal with The Warranty Group, which will see the firm continue to operate the RAC brand in the motor warranties sector.
Generali net profit hits €1.08bn after strong P&C performance
Italian insurer Generali recorded a 28% rise in first half net profit to €1.08bn as the firm continued its restructuring programme.
Generali net profit hits €1.08bn after strong P&C performance
Generali recorded a 28% rise in first half net profit to €1.08bn following its restructuring programme.
Whiplash claims doctor found unfit to practice
The Yorkshire doctor accused of assisting motorists in making bogus whiplash claims has been found unfit to practice by a medical disciplinary panel.
Brit posts improved COR of 86%
Brit Insurance has reported a combined operating ratio of 86% for the first half of 2013 – an improvement from 92.8% in 2012.
RSA posts 24% rise in H1 profit
RSA booked profit before tax of £250m for the first half of 2013, a 14% increase on the same period in 2012, while post tax profit was up 24% at £190m.
RSA grows premiums 20% in Asia
RSA grew its Asian premiums by 20% in the first half of 2013 compared to the same period last year.
Philippines considers mandatory earthquake cover
Lawmakers in the Philippines are considering a bill to recommend mandatory earthquake insurance.