Axa
Axa warns of Christmas motor fraud
Axa has claimed December prompts huge jumps in fire and theft motor claims as one in ten consider defrauding their insurer to ease the financial pressures of Christmas.
Axa sells Denplan to focus on PMI
Axa has sold dental payment plan business Denplan to the Simply Health Group for £115m on a debt free cash free basis.
Insurers warn of Christmas car crashes
According to Axa there has been a 45% rise in accidents between 20 and 24 December over the past two years compared with the rest of December, meaning up to 56 000 drivers could be involved in a collision during this period.
Your say: Nothing left to fight for
Following the recent credit hire case of Darren Bent, and the alleged fraudulent activity of Autofocus, isn’t it time for all insurers to fully embrace the general terms of agreement protocol?
UK insurers wait on developments following PM Cameron EU Treaty veto
Standard and Poor’s downgrade warning on 15 insurers should have been “no surprise” but the market is still in the same position it was a week ago given the lack of “concrete activity” at the weekend, according to an industry analyst.
Data collator to compile flood information after UK insurer requests
European insurer-backed catastrophe data collator Perils is to start compiling information on floods from January next year in response to demands from UK insurers.
Market moves: Ageas and Axa name new MDs
With insurance companies gearing up for the festive holidays, it was a surprisingly busy week in recruitment.
News analysis: Application fraud to top the agenda for motor insurers in 2012
The New Year’s resolution for many motor insurers is to tackle application fraud with the same force they have brought to bear on crash-for-cash fraudsters. “Staged motor accidents remain the top priority, but application fraud comes second,” according…
Review of the year - General insurance: Regulatory dramas
2011, a year dominated by regulatory and legislative change, could yet prove to be a landmark 12 months for the insurance industry.
RBS tackles huge rise in storm claims
RBS Insurance saw a 1000% rise in storm claims arising from the severe weather in Scotland last week.
S&P warns of mass insurer downgrade
Allianz, Aviva and Axa are among 15 insurers placed on negative watch by Standard and Poors.
Axa announce five year Avantia deal
Axa Personal Lines has secured five year deal with intermediary Avantia to underwrite non-standard household insurance.
Axa director Mike Keating quits company
Axa’s managing director of personal lines intermediary Mike Keating has left the company.
NI to bring pleural plaques legislation
New legislation is to be introduced in Northern Ireland next week allowing pleural plaques sufferers to claim compensation.
Payment protection insurance thrives in Europe
Payment protection insurance is an expanding market in much of Europe, despite issues in the UK market, according to a report.
Motor insurers set to share application data in suspected frauds
Motor insurers want to share data from suspected application fraud, as criminals try multiple submissions to get cars on the Motor Insurance Database as cheaply as possible.
Review of the year - Health insurance: Seeds of change
Despite a tough 12 months, and gloom forecast for 2012, the health insurance sector has planted important seeds for future growth this year.
Castleacre launches high net worth index
Castleacre has produced an average price index of household insurance for High Net Worth individuals to help clients identify whether their own insurance premiums are in-line with current market trends.
Axa Art raises money for charity with art salvage auction
Axa Art Insurance has raise six times the estimated value of damaged art works in a salvage sale to raise money for charity.
NIG names three in SME push
Broker-only commercial insurer NIG has appointed area business development managers at its regional headquarters in Bristol, Maidstone and Watford.
OFT accepts insurer commitment to limit data exchange
The OFT has accepted formal commitments from six insurance companies and two IT software and service providers to limit the data they exchange between them.
Reid furious over Bluefin sell-off rumours
Bluefin Insurance Group boss Stuart Reid has insisted Axa calling in advisers to look at selling off Bluefin Advisory Services has no impact on the general insurance broker.
My best 11- Ian Wainwright and Paul Lee, Ecclesiastical Insurance
Ian Wainwright, broker sales director at Ecclesiastical, and Paul Lee, northern regional director, select their Best XI for an insurance start-up. The self-styled Clough and Taylor have chosen from the great and good of insurance — including their boss —…
Axa considers Bluefin Advisory sale
Axa has appointed advisors to line up Bluefin Advisory Services for a sell-off, but has made it clear that the general insurance broker business is not for sale.