Allianz
Temp Cover eyes £24m turnover target
Short-term insurance broker Temp Cover has hired three associate directors who will play a key role in helping the business double its £12m income in the next three years.
Rising liability claims forces Allianz to reduce exposure
Allianz Insurance has linked an increasing number of unemployed people making large liability claims to a decision to cut its exposure in the liability market.
Investors more cautious of insurers owing to European concerns
Investors continued to have a more negative view of the global insurance sector relative to ratings in the second quarter of 2012, according to Moody's.
Allianz suffers £23m weather claims loss but retail and commercial GWP grow
Allianz UK has posted bad weather claims costs of £23m for the first six months of 2012.
Allianz UK continues upwards trend, despite fractional COR rise
Allianz UK has chalked up an operating profit of €92m (£72.4m) for the first half of 2012, alongside a marginal combined ratio rise to 96.8%.
Allianz Group 'robust' despite lower operating profit in P&C
Allianz Group has posted revenues of €25.2bn in the second quarter of 2012, up 2.5%, or €24.6bn, on the same period in 2011.
Allianz, Generali and Munich Re dominate as European travel insurance market prospers
European markets for travel insurance and assistance continue to flourish with Allianz, Generali and Munich Re heading the market.
Russia and Romania travel insurance markets thrive in economic crisis
Travel insurance in Russia, Romania and Turkey boomed between 2008 and 2012, despite the Eurozone crisis, while the UK and Ireland saw foreign travel decline, new research has revealed.
Olympics: A golden opportunity
The Olympic Games are now well underway, with top athletes and millions of tourists now in the UK. But are businesses able to reap the benefits? Or are the problems associated with such an influx unbeatable?
Interview: Jelf’s Phil Barton - shooting to success
Phil Barton's football career was cruelly cut short, but that didn't stop him reaching the insurance big league. The Jelf insurance chief executive explains how, in the past two years, his tactics have transformed the firm, and outlines his goals for…
No compensation for 3000 asbestos victims not included in new scheme
A new insurer-funded government compensation scheme for mesothelioma victims has been criticised for excluding sufferers of other asbestos-related diseases who might have received financial support under the shelved Employers’ Liability Insurance Bureau.
Post Claims Club chair's monthly missive: Beach volleyball and insurance sop
On Wednesday this week I received an email from a Claims Club regular I have been in discussion with about speaking at the next meeting.
EC approves acquisition of Groupama's Gan by Allianz France
The European Commission has cleared under the EU Merger Regulation Allianz's proposed acquisition of a non-life insurance portfolio of Groupama-owned Gan Eurocourtage.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Allianz teams up with Saracens rugby club in 'long-term' deal
Allianz has entered into a sponsorship deal with Premiership rugby club Saracens, in a deal which will see the north London side's new Hendon ground renamed Allianz Park.
Allianz champions sustainability with 'first' ESG advisory board
Allianz has established an advisory board for company-wide environmental, social and governance issues which it says is the first of its kind.
Generali and Allianz among downgraded Italian insurers
Moody's Investors Service has downgraded three Italian insurers in reflection of the Italian sovereign’s weakening credit worthiness.
Concern over PPOs makes 'nervous' reinsurers more 'selective' in writing
The spectre of the UK motor market being hit by the further withdrawal of primary capacity, and resistance to new entrants, has again been raised, this time through the reinsurance community's concern about periodical protection orders.
Euler Hermes launches Europe credit insurance
Euler Hermes is launching Europe Credit Insurance in the UK market, which enables businesses to receive additional cover up to a £1m for exceptional transactions.
Former Allianz consultant joins Assurant Solutions
Specialist insurance provider Assurant Solutions has appointed John Miles to its European compliance team.
Allianz retail arm completes 'Clear' launch with houshold offering
The Allianz retail arm has completed the final phase of its Clear product launch, following a deal that will see the operation’s Clear household product available through Adrian Flux brokerage.
Olympics Countdown: Q&A with Rebecca Romero
Allianz-sponsored Olympic rowing silver medalist and world and Olympic cycling champion Rebecca Romero talks DIY, paper rounds and Joan of Arc.
Market moves: Insurance takes the initiative
Last week saw the recruitment initiative wrestled back from the broking sector, with the majority of hires coming from within the insurer space. Headline appointments in that sphere came thick and fast in the form of a changing of the guard at Catlin…
High Net Worth: Join The High Flyers
With the lucrative high net worth market continuing to soar, it’s little wonder so many new entrants are getting on board – but there could be a hard landing ahead for some