Axa
Groupama and Brit hit snags as they try to shortlist potential buyers
Industry big-hitters linked to Direct Line Group chairman role
Insurers to pay for Accident Exchange retrials
Major insurers that do not reach a settlement with Accident Exchange could end up paying millions of pounds in legal costs.
Crawford dropped from Axa household panel
Axa has axed Crawford & Company as the main supplier of loss adjusting services for household insurance claims after four years, while GAB Robins and Cunningham Lindsey remain on its books.
Direct Line tops complaints league table
Direct Line Group's UK Insurance had the most general insurance complaints to the Financial Ombudsman Service, according to figures out today.
Wentworth Alexander employee 'under surveillance' after leaving Bluefin
Axa-owned broker Bluefin has admitted it would use private detectives to spy on former staff it suspects of breaking restrictive covenants.
Household: Insurers weathering the cold
After a mild 2011, this year got off to a cold start as snow hit the UK. Will this force insurers to look beyond the past year and start pricing household and contents cover long term?
Editor's comment: A call to arms - for some
In a week where some of the news could have come from the pages of a spy novel with hidden cameras and tracker devices being used, it is with some comfort that one story appears a simple case of black and white.
Axa buys into HSBC's insurance arm
Axa is said to have bought at least a stake in the non-life insurance business of HSBC and is expected to disclose the transaction details this week.
Axa UK CEO warns PM Cameron telematic rates are not a silver bullet for young drivers
The CEO of Axa UK & Ireland Paul Evans has warned PM David Cameron that telematics is not a silver bullet to sort out the issue of restrictive insurance prices for young drivers.
Axa reports 2% rise in underlying earnings
Axa has reported underlying earnings in 2011 of €3.9bn – a 2% rise on 2010.
Axa Germany appoints CEO
Axa has named Thomas Buberl as chief executive officer of Axa Germany, subject to approval by regulatory authorities.
Moody’s takes action against insurance groups exposed to Italy and Spain
Moody's has taken action on several European insurance groups and related entities to reflect the increased financial risks stemming from their operating and investment exposure to weakened European sovereigns and banks, and the ratings agency's…
Axa UK returns to profit with 98.9% GI COR but still at a loss in motor
Axa returned to profit in 2011 reporting underlying earnings of £133m (2010: loss of £63m; restated to exclude the contribution from sold activities).
Market fears for unintended consequences as first ABS approval nears
The first alternative business structure could be greenlighted as early as next week.
Fraud IFED: Funding the fraud force
While early results have been impressive, some still believe the industry funding the Insurance Fraud Enforcement Department is a step in the wrong direction
PM and insurers unveil six point plan after motor premium summit
The Prime Minister has committed to tackling the compensation culture, reducing legal costs and cutting health and safety red tape.
Axa’s Evans says David Cameron meeting ‘a great day for motorists’
Axa UK boss Paul Evan has described the insurers’ meeting with Prime Minister David Cameron as “a great day for motorists”.
ABI to highlight insurer cost pressures at PM meeting
The Association of British Insurers has welcomed the chance to tell Prime Minister David Cameron "the unacceptable cost pressures" insurers face at the Downing Street meeting this evening.
Axa: fraud adds £607 to a home claim
Axa Personal Lines says it has seen an ongoing rise in the number of people exaggerating their home insurance claims.
Competition heats up for general insurance arm of HSBC
The competition to buy HSBC’s $1bn general insurance business is down to two contenders – Axa and Ace, sources have told Reuters.
Autofocus Legal Action: Rival CHOs line up to take on insurers as Autofocus employees face prison
Long-running legal battle could bring the credit hire industry and the insurance industry closer together
Employers’ liability: A fund of last resort
The need for a fund of last resort for employers’ liability claims still divides the insurance community. While plans to create an Employers’ Liability Insurance Bureau have stalled, it still has supporters who are determined to see these proposals come…
In Series On Data: Insurers putting policyholder data on a diet
In a competitive market, validation is key to making data leaner and more reliable — but can it level the playing field for brokers, as well as insurers?
Axa Commercial goes live with management liability cover
Axa Commercial Lines has launched a management liability policy on Power Place.