LV
This week in Post: Conference, cuts and conservative leadership
This week, along with the rest of the team, I attended the British Insurance Brokers’ Association conference. I knew it would be an action-packed week - but nothing could prepare me for what was ahead.
Analysis: Managing the M&A insurance risk
It was the Competition and Markets Authority that recently put paid to Sainsbury’s and Asda’s marriage plans, but there are plenty of other risks that also regularly threaten the success of mergers and acquistions – ranging from the uncovering of…
Allianz operating profits rise as personal lines transfer to LV approaches completion
Allianz UK CEO Jon Dye confirmed that the transfer of personal lines business from Allianz to LV remains on-track and will be completed within three to four weeks, as the insurer announced its Q1 results.
Discount rate: Are insurers being too optimistic?
In anticipation of the new discount rate announcement, expected by 5 August 2019, many insurers have already started to price and reserve at 0%
Allianz in talks to buy L&G general insurance business – report
Allianz is in talks to buy Legal & General general insurance business, according to Sky News.
Analysis: How can insurers offset the increased repairer costs associated with Adas?
For all the work has been done by the insurance industry to contain and control personal injury costs, many are seeing repair claims increasing as a result of a wider use of advanced driver-assistance systems. Edward Murray looks at what the sector can…
FCA takes over CMC regulation
The Financial Conduct Authority now oversees regulation for claims management companies in England, Scotland and Wales.
Axa loses ground to new entrants in Northern Ireland motor market
Axa dominates nearly a quarter of motor premium in Northern Ireland, but its hold is slipping owing to new market entrants, unofficial figures show.
Special Report: Motor Insurance Research 2019
What’s fueling motor insurance today? Michele Bacchus talks to the industry and gives the low-down on what’s heading down the highway towards insurers in both the fast and slow lanes
This week: All change... please!
The more things change, the more they stay the same. So runs a French expression that feels apt in a week that saw Brexit delayed, leaving us all wondering whether we will be able to talk about anything else ever again.
Allianz appoints Gerry Ross as head of commercial motor
Allianz has appointed Gerry Ross, previously regional underwriting manager for the South East, as head of commercial motor.
LV in U-turn over home business
LV plans to build on the home book it picked up from Allianz business transfer, despite losses in the segment last year.
Ex-LV boss Bunker joins AA board
Former LV boss Phil Bunker will replace Jonathan Roe on the regulated board of the AA.
LV sees GI profit slip on back of claims inflation
LV has seen general insurance operating profit fall 10% in 2018 due to an "adverse claims experience".
This month: Seeking the right fit
I’m a fan of making sure stuff is the right fit - I make a point of trying on new outfits in my own home with accessories and shoes to make sure it all works for me. I also test drove my new car a few times to check it was what I wanted. Aon, however,…
Blog: International Women's Day - the value of gender diversity
Today millions of people will be celebrating International Women’s Day and with this year’s theme focusing on the need to create a more gender-balanced world, it’s fair to say this is very relevant for the insurance industry.
Analysis: What do the millennials think of insurance?
Insurance has struggled to attract talent in recent years, finding itself competing with ‘sexier’ industries
Interview: Janet Connor, The AA
A lot has changed at the AA in the five years since Janet Connor, now director of insurance, joined the organisation. She explains to Jonathan Swift how an investment in data and technology – alongside the relaunch of its insurance company and board…
LV's Mike Crane on dealing with changing customer expectations
Customers’ expectations are changing and they are demanding to be more informed. Mike Crane says insurers risk alienating customers if they don’t explain how and why they price risks
British Insurance Awards at 25: The judges reflect on the changing market
With the deadline for entering the British Insurance Awards getting ever closer, what better time to introduce the judges who will be casting an eye over these years submissions? Post canvasses them for their favourite memories of previous BIAs and their…
Allianz sets date for completion of LV business transfer
Allianz and LV will complete the transfer of personal and commercial lines between the two insurers by the end of the year.
This month: Brace for Boris
As the Brexit negotiations rumble interminably on, it can sometimes feel impossible to imagine life after 29 March. The British Insurance Brokers' Association gave the industry something to look forward to, announcing the keynote speaker for its…
LV puts 140 jobs at risk across its claims teams
LV has confirmed that around 140 employees in its claims teams across its Bournemouth, Leeds and Ipswich offices have been put at risk of redundancy.
This week: ‘Snow drama
Despite the buildup - amber warnings, train winter timetables, and inevitable delays getting to work - insurers will be grateful of today’s mere smattering of snow.