Direct Line Group
Insurer estimates hit £750m as city riot damage racks up
RSA, Aviva and Axa are likely to incur the biggest losses from commercial property claims with the latest riot bill estimate hitting £750m, as Post went to press.
Aviva rules out target change despite over-achieving
Aviva has pinpointed a much improved private motor result as being pivotal to it posting an above-target combined ratio of 96% (H1 2010: 98%) for its half-year UK general insurance business. But despite emphasising “strong continued momentum” in UK GI…
RBS Insurance Q2 COR improves to 99% and profit doubles to £139m
Royal Bank of Scotland Insurance this morning reported that its operating profit has doubled to £139m from the previous quarter and improved even more from the corresponding period last year (Q2 2010: £203m loss).
Interview - Tom Woolgrove & Steve Maddock: Delivering the hard numbers
RBSI's Tom Woolgrove and Steve Maddock are faced with the daunting task of turning the business around ready for a flotation or sale, and they are already seeing some encouraging results, reports Lynn Rouse.
Household - Flood risk: Removing the safety net
In two years, the insurance industry's pact with central government to provide flood cover for at-risk properties will cease to exist. Ralph Savage reports on how insurers are planning to meet the challenge post-2013.
Post history - 10 years ago: Response to More Than launch mixed
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Ex-Tesco head joins Direct Line
Royal Bank of Scotland Insurance has appointed Steve Price as Direct Line motor director.
RBSI businesses record sharp losses in 2010 as claims soar
Royal Bank of Scotland Insurance companies NIG, Churchill, Direct Line and UKI all suffered losses during 2010, latest accounts reveal.
Insurers fight to avoid ash cloud backlash
As Post went to press, insurers were racing to publicly outline their claims positions on the latest volcanic ash eruption, in a bid to avoid the media backlash the industry suffered 12 months ago. More than a year after the extensive disruption caused…
Direct Line hails death of the aggregator
Responding to an investigation from consumer magazine Which? that claims aggregators display a lack of transparency to the consumer Direct Line has said that providers in this space “are not always what they seem”.
Half a million male motorists admit point swapping
More than 500 000 male motorists have admitted to passing driving penalty points onto their loved ones, research by Direct Line has revealed.
RBSI pushes Select phone service online
Royal Bank of Scotland Insurance's direct high net worth offering, Select, has bolstered its telephone offering with a move online.
Hastings' Utley, Go Compare's Parsons and Sabre's Morris all enter Rich List
Former IAG UK CEO and current Hastings chairman Neil Utley has entered the Sunday Times Rich List top 1000 today at 430= with a fortune of £160m.
Broking supplement - Commercial rates: A war of words
The soft commercial lines market has heated up recently, as insurers accuse each other of failing to put prices up. Rachel Gordon reports on this bitter war of words.
Broking supplement - Online commercial: Changing times
The insurance industry has been slow to embrace the internet for commercial, with the exception of offerings for the SME market. Graeme Newman looks at what this means for brokers.
RBSI sale confirmed for H2 2012
At an Annual General Meeting with shareholders, Royal Bank of Scotland Chairman Sir Phillip Hampton has outlined the bank's insurance assets are to be sold in the second half of 2012.
Solvency II drives Aviva restructure
Aviva is set to merge its 12 UK general insurance companies into one main UKGI insurance operation to comply with Solvency II.
RBSI to merge underwriting functions
Royal Bank of Scotland Insurance is to merge the underwriting functions of its general insurance brands in preparation for Solvency II.
News analysis: shaking up the aggregator market
Google buying Beat That Quote has given the aggregator market a shake-up, claims Tom Cooper, as the 10 million quotes per month barrier is broken.
Penny Black's insurance week
Penny jetted off to Dublin last weekend with the aim of celebrating a glorious triumph of England's rugby boys over the Irish.
Household: can no claims discounts be applied to household insurance?
With Axa set to offer no claims discounts to household customers, Amy Ellis reports on market reaction and whether others will follow suit.
Direct Line loses court battle against ‘lying claimant’
Direct Line has failed in a High Court bid to prove that a Dorset man exaggerated his injuries in order to claim £3.4m in compensation.
RBS Insurance records £295m loss and 115% COR in 2010
Royal Bank of Scotland Insurance has decribed 2010 as "a disappointing profit year", after reserve strengthening for bodily injury claims and severe weather, resulted in a loss of £295m (2009: £58m profit) and a combined opertaing ratio of 115% (2009:…
Penny Black's insurance week
It seems that the cost of civil litigation is not the only matter Lord Justice Jackson has had on his mind for the past year.