News
Axa's P&C revenues remain flat in H1
Axa UK and Ireland reported a 33% rise in underlying earnings for the first six months of 2013 to £89m, compared with £66m in the first half of 2012.
9 500 claims from New Zealand winter storm
A June storm in New Zealand caused NZ$33m ($26m) of damage.
Complaints rise against Chinese insurers
There was a 54% rise in complaints against Chinese insurers in the first half of the year.
PostCast - Issue 1 - 1/8 August
The team discuss the news, features and interviews from the 1/8 August edition of Post Magazine.
Miller appoints Tom Quy to cyber business team
Specialist producer and broker of cyber risks Tom Quy has joined Miller.
Lark acquires HMT Insurance Brokers
Nearly a year after its management buyout from Groupama, the Lark Group has acquired Surrey-based HMT Insurance Brokers from its founder Howard Thompson.
Sutton Winson swoops for West Sussex-based insurance firm
Sutton Winson has purchased the general insurance business of West Sussex-based Ashby & Nightingale Insurance and Financial Consultants.
Supercover to provide mobile phone cover to Avenir partners
Avenir Telecom has selected Supercover Insurance to provide mobile phone cover to its business partners in the UK.
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.