News
BPF welcomes extension of flood agreement
The British Property Federation has welcomed the insurance industry’s decision to continue to offer flood insurance cover for a month beyond the end of the current agreement with the government.
This week's Asia highlights
Here are the top five highlights from Insurance Insight's Asian coverage this week.
BIBAFever Episode Three: Man Versus Biba – the ultimate conference food challenge
As the British Insurance Brokers’ Association (Biba) conference at the Excel Arena wraps up, Insurance Age and Post have teamed up with LV to bring you the definitive online coverage of the event with the video series #BIBAFever.
Biba 2013: Brokers urged to put multinational programmes ‘on the table’
Brokers need to put multinational programmes “on the table” when speaking with clients about their insurance options, according to Stephen Morton, vice-president of the multinational centre of excellence at AIG.
ABI agrees UK flood cover extension
The Association of British Insurers today confirmed to the government that they will continue to voluntarily meet their commitments to offering flood insurance for an extra month after the Statement of Principles expires on 30 June.
Biba 2014: Next stop Manchester
Closing the 2013 Biba conference, chief executive Steve White confirmed that next’s year’s event will be held in Manchester.
Biba 2013: Day one of BibaFever at Excel Arena
As the British Insurance Brokers’ Association (Biba) conference at the Excel Arena in London kicks off, Insurance Age and Post have teamed up with LV to bring you the definitive online coverage of the event with the video series #BIBAFever.
Biba 2013: FCA boss promises to take hard line on problem products
Industry players have been warned to “get their houses in order” by Financial Conduct Authority chief executive Martin Wheatley, who has vowed to deal with potential problems with financial products before they take root.
Biba 2013: Insurers weigh up Biba risk transfer model
The British Insurance Brokers' Association is working with Deloitte and DAC Beachcroft on proposals to safeguard risk transfer for brokers, according to chief executive Steve White.
Burgess aims for success with tried-and-tested business model
Former British Insurance boss Simon Burgess is modelling his new venture British Money as a rival to his old firm.
Allianz to underwrite Drive Style motor offering
Allianz is to exclusively underwrite a new proposition from Drive Style Insure that bases the premium on each individual’s driving behaviour.
Biba 2013: Allianz boosting broker academy
Allianz is to expand its broker academy programme to offer training to personal lines brokers, Post can reveal.
Biba 2013: Insurers weigh up Biba risk transfer model
The British Insurance Brokers' Association is working with Deloitte and DAC Beachcroft on proposals to safeguard risk transfer for brokers, according to chief executive Steve White.
Biba 2013: Biba replaces White as compliance boss
The British Insurance Brokers' Association has filled the training and compliance vacancy left by Steve White in his move to chief executive.
ABI pushes Flood Re proposal as SoP extended
The Statement of Principles has been extended by one extra month while discussions over the long term solution for flood risk cover between the insurance industry and government continue.
LV prices £350m of subordinated debt
LV has priced £350m of lower tier two qualifying debt in a bid to improve its capital efficiency and support growth. The subordinated notes will be issued by its parent company Liverpool Victoria Friendly Society on 22 May 2013 with Barclays and HSBC…
Amlin announces Antwerp redundancies
Amlin Europe has announced “a small number” of redundancies at its Antwerp office.
GWP up at Amlin's London operation
Amlin’s gross written premium increased 7.1% to £1.54bn for the four months ending 30 April 2013 compared to the same period in the previous year (30 April 2012: £1.44bn).
Marsh adds CFC Underwriting and Call Assist to networks provider panel
Marsh has added CFC Underwriting and Call Assist to its networks provider panel.
Cyclone Mahasen reaches Bangladesh
Five dead as cyclone Mahasen could cause heavy rain and widespread flooding.
Zurich reports 7% fall in group income while UK operating profit rises 54%
Business operating profit in Zurich’s UK general insurance business increased by 54.1% to £34.7m in the first quarter of the year, compared to the same period in 2012 (Q1 2012: (£22.6m). The combined operating ratio improved to 96.5% (Q1 21012: 100.8%)…
DWP signs Biba collaboration deal
Work and Pensions secretary Mark Hoban MP has inked a deal to push collaboration and intelligence sharing between the UK government and the British Insurance Brokers Association.
Aviva reports drop in NWP
Aviva has reported a 5% reduction in net written premium across its UK general insurance operation to £923m in the first quarter of 2013 (Q1 2012: £974m) while group GWP fell 2% to £1.2bn (Q1 2012: £1.7bn).
Japan sees Q1 economic growth of 0.9%
In the first three months of the year Japan's GDP grew 0.9%, on a quarter to quarter basis.