PricewaterhouseCoopers (PwC)
Missing Malaysian plane unlikely to affect rates in aviation market
Fate of Malaysia Airlines flight MH370 unknown after disappearing on 8 March.
In Series: Data: Down the data rabbit hole
Data is expected to drive change in the insurance industry, with greater volumes set to create distinct opportunities.
RSA admits weighing rights issue plans
RSA has admitted it is weighing plans to strengthen its balances sheet through a rights issue, but stressed that no final decision has been made.
Tulloch’s flood defence funding plan fails to generate industry support
Analysts say insurers are unwilling to invest in defences without clear returns.
Insurers urged to direct infrastructure investment into flood defences
MP’s suggestion comes as PWC warns recent flooding could cost sector £500m.
Hester tipped to take advantage of lack of industry experience
Former RBS boss will not be afraid of ‘difficult decisions’
Regional Review: Gibraltar
Gibraltar’s insurance industry has had a rocky 18 months. The high-profile failure of unrated passporting insurer Lemma, followed in quick succession by domestic players Hill and Devert, brought unwanted scrutiny to the domicile, which has worked hard…
Met Office warns of 'danger to life' across Southern England
The Met Office has issued 16 severe flood warnings in South west and South east England this morning, warning that water levels represent a danger to life in the regions.
UK floods tipped to cost industry close to £500m
PWC has estimated weather-related damage in December 2013 and January this year could cost the insurance industry up to £500m.
Insurance CEOs optimistic about revenue growth
The majority of global insurance chiefs believe they will grow their businesses over the next three years, research from PwC has found.
Minister defends Gibraltar against ‘unfair advantage’ perceptions
Gibraltarian minister talks up non-motor insurance expansion.
Gender Directive: One year on
Just over 12 months after its implementation, has the Gender Directive impacted the industry as strongly as expected? And what has it meant for the progress of telematics?
RSA shares inch down after PWC blames execs for Ireland woes
Shares in RSA have dropped marginally 2.73% in the first full day of trading after a PWC report concluded that a small group of executives were to blame for claims and reserving errors in its Irish unit.
RSA taking advice on action against Deloitte over Ireland accounts
RSA is taking advice on whether it can pursue action against Deloitte for approving accounts in Ireland that were later found to include inaccurate and misleading information created by “inappropriate collaboration” between senior executives.
RSA receives 'a clean bill of health' following PWC investigation
A PWC investigation into failing in RSA’s Ireland business has handed the insurer “a clean bill of health” according to Shore Capital analyst Eamonn Flanagan.
Christmas storms tipped to cost industry £400m
The UK insurance industry is facing a bill of around £400m for storms and flooding throughout December and January, PwC insurance partner Mohammad Khan said today.
RSA confident PWC report will find no issues outside of Ireland
RSA has underlined its confidence that a PWC investigation into serious financial irregularities uncovered at its Irish operation will confirm the issues in Ireland as an isolated incident.
Cost of home insurance expected to fall despite flood claim increases
Growth in price competition could see rate reductions of up to 10%.
Reinsurance renewals remain ‘tough’ despite reduced concerns over PPOs
Insurers benefiting from non-motor rate reductions across the board.
RSA to release Irish review findings next week
RSA will release the key findings of PwC’s review into the financial and regulatory reporting processes and controls within the Irish Business next Thursday.
External candidate expected to replace Lee at RSA as sale speculation mounts
Analysts say firm could seek to raise capital by selling international operations
PWC predicts steady 2014 London market outlook
PWC is predicting improved planned profitably in 2014 for some London market classes such as accident and health.
Bid to cut red tape set to enhance UK insurance market’s competitive position
Insurance Growth Action Plan aims to remove barriers for UK insurers overseas.
Industry plays down impact of St Jude and Xaver storms on full-year results
Losses expected to be ‘in tens of millions, not high hundreds of millions’.