Axa
Market Moves - 13 March 2014
Post takes a look at who has moved where in the insurance industry this week.
Household: On steady ground?
How is the household insurance market coping with the cost of claims from extreme weather events and the aggregator‑induced focus on pricing?
International: Asia: Living with disasters
The insurance community is playing an increasingly important role in helping vulnerable communities in Asia adapt to climate change both before and after a disaster.
In Series: Data: Weeding out fraud
With organised fraud costing the insurance industry an estimated £392m a year, is increased use of data the key to winning the battle?
Axa to grow PI share to £25m through regional underwriting
Axa has begun recruiting specialist regional underwriters as part of plans to grow its professional indemnity book to £25m.
Axa appoints RSA's Bromfield as Bristol branch manager
Axa has appointed Ian Bromfield as Bristol branch manager as part of plans to establish the operation as a full underwriting branch
2013 results: insurers’ CORs boosted by benign weather but RSA takes £244m hit
Insurers’ full‑year results were bolstered by largely benign weather conditions last year as many firms sacrificed market share in motor and home segments to retain profitability.
Home emergency: State of Emergency
After facing strong criticism in recent months, key figures in the home emergency insurance market are keen to extol the cover’s virtues. What does the future hold for the under-fire sector?
In Series: Data: A smarter approach to flood risk
How can the industry use increasingly sophisticated data to assess flood risk more accurately?
Editor's comment: Pressing the advantage home
Prime Minister David Cameron told the nation “money is no object” when he declared the recent floods a national emergency and staked his personal authority on rebuilding damaged UK regions to make them more resilient to extreme weather.
Insurers doubtful government will approve VAT waiver for flood repairs
Business secretary calls for VAT on flood renovation and repairs to be cut to 5%.
Claims Club News - 27 February 2014
All the news from Post’s Claims Club event on 19 February
BIA Countdown: 20 years of personal lines insurance
As part of Post's countdown to the 20th anniversary of the British Insurance Awards in July, we spoke to personal lines specialists who have experienced wins over the years, asking them how the industry has changed since the first BIAs in 1994.
Expertise in Action: Employers’ Liability: Taking the hit
The Mesothelioma Act means the employers’ liability market will suffer another hit as it seeks to absorb the costs of funding the compensation scheme.
Axa UK on track for 96% COR by 2015, claims CEO Evans
Axa UK and Ireland group chief executive Paul Evans is confident the business will achieve a combined operating ratio of 96% by 2015 after pointing to an improving motor COR of 99.1% as an indication transformation plans are paying off.
Axa’s global P&C revenues up 2%
Axa has seen group-wide revenues for its property and casualty business increase 2% in figures for 2013.
Business transformation bearing fruit as Axa UK GI COR dips below 100%
Axa UK and Ireland’s general insurance business recorded a combined operating ratio of 98.9% in 2013, despite reserve strengthening contributing 0.8 percentage points and a reduction in revenues to £3.7bn (2012: £3.8bn).
Axa inks £4m Saffron partnership
A new partnership between Axa and Saffron Insurance Brokers is expected to deliver over £4m in gross written premiums for 2014.
Axa completes 50% acquisition of Tian Ping
Axa has completed the 50% acquisition of Chinese insurer Tian Ping's shares.
Insurers to supply experts to PM’s flood grant scheme
Insurers have agreed to supply a team of technical experts to work with the government on a scheme to provide grants to flooded home and business owners at today’s Downing Steet flooding summit.
Career development: Axa's Evans lauded for commitment to public interest at CII awards
Axa group chief executive Paul Evans, pictured, was recognised with an achievement award for his work in championing the public interest at the inaugural Chartered Insurance Institute Public Interest Awards.
Insurers head for cabinet office flooding summit
Chief executives from Aviva, Direct Line Group, Axa, Lloyds Banking Group, Ageas and the Association of British Insurers are set to meet ministers today to brief the government on flood recovery.
Axa praises Canadian police after rare artefact is recovered
Axa Art has praised the efforts of its loss adjuster and police authorities in Canada following the recovery rare and valuable Persian Achaemenid bas-relief panel.
Axa introduces commission flexibility to Simple landlords policy
Axa has introduced commission flexibility to the landlords product from its Simple range allowing brokers to control their remuneration on a case-by-case basis.