Personal
"Devil in the detail" of pensions insurance scheme
Actuarial firm Barnett Waddingham has offered cautious support to proposals for an insurance scheme that would provide certainty for members of defined contribution pension schemes that they would get a guaranteed minimum pension at retirement.
Brightside reveals Asda home and motor insurance win
Insurance broker Brightside has partnered with Asda to manage its Asda Money car and home insurance offering.
Metal theft costs councils £5m, research reveals
Nine in 10 councils have been affected by soaring scrap metal thefts in the past three years, costing them £4.6m in 2010/2011.
Flooding underlines importance of Statement of Principles
PWC has warned at risk homeowners that the current flooding affecting the UK is a stark reminder of the challenges they may face when the Statement of Principles expires.
Allianz retail arm completes 'Clear' launch with houshold offering
The Allianz retail arm has completed the final phase of its Clear product launch, following a deal that will see the operation’s Clear household product available through Adrian Flux brokerage.
Direct Line to activate emergency flood plan this weekend
Direct Line has lined up teams of property insurance advisers who will be deployed to flooding hotspots around the UK ahead of another weekend of predicted heavy rainfall.
220 jobs up for grabs at Aviva Ireland 'centre of excellence'
Aviva is undergoing an Irish recruitment drive following the news that the insurer is looking to fill 220 vacancies within its Galway office.
Analysts claim Aviva business exit could spark shares re-rate
Analysts believe Aviva’s decision to scrap 16 of its most under-performing business units is likely to prove “challenging” given market conditions, however success could result in a shares re-rate.
"More of the same" from GI man Spencer
Aviva’s UK chairman Trevor Matthews said the general insurance business is “firmly embedded in the group” and welcomed “GI man” Robin Spencer on board as the new chief executive of the UK & Ireland general insurance operations.
Brokers will use downgraded insurers, but only if clients make the request
Brokers have admitted they will continue to work with downgraded insurers at clients’ requests, despite rating agency Fitch conceding there is no end in sight to potential downgrades linked to the Eurozone crisis.
Brightside to become Asda's home and motor insurance provider
Brightside has swooped for its second major retail affinity contract in the space of seven days having signed a deal with Asda to distribute its motor and home insurance products, Post Online has learnt.
Aviva to exit 16 worst performing businesses
Aviva is to dump 16 of its worst performing business segments including its Italian partnerships businesses, UK large-scale businesses; and its South Korea business as part as an overhaul of the whole business.
British Insurance Awards Winners announced
The great and good in the UK insurance industry came together last night at the Royal Albert Hall to celebrate the industry's achievements over the past year, which saw LV crowned General Insurer of the Year.
Aviva appoints new general insurance CEO amid senior shake-up
Aviva’s UK & Ireland general insurance chief executive David McMillan has been given the new role of director group transformation and a remit to manage the implementation of the new strategic plan across the group.
Roundtable: Future Technology - How can insurers keep pace with technology?
The onward march of social media and mobile technology pose imminent challenges for insurers over utilising publicly available data, not to mention much more radical prospective shifts in risk transfer on the horizon
Broking Focus: Bespoke tailoring
Biba’s wants the strategic review of its operations by Deloitte to produce a trade body fit to compete alongside the strongest organisations in the 21st century
High Net Worth: Join The High Flyers
With the lucrative high net worth market continuing to soar, it’s little wonder so many new entrants are getting on board – but there could be a hard landing ahead for some
Personal Lines Broking: Feeding the phoenix
As brokers continue to reinvent themselves to remain a major force in personal lines insurance, it is up to insurers to help them flourish in this competitive market
Personal Lines Broking: Challenges on the horizon
After facing multiple threats that promised doom and gloom, personal lines brokers are ready to face down further challenges coming their way
Interview: Rob Terry: tackling the problems
Approaching insurance from a technological background, Quindell’s Rob Terry is looking to tackle the dysfunctional motor market and shake up the status quo
Former HSBC Insurance duo poised for £50m drive with motor start-up
A new motor start-up, fronted by a duo of former HSBC Insurance UK executives, has been tipped to make a major play for the broker market in the second half of the year, underwriting up to £50m of business by the beginning of 2013.
Affinity 2012: Other sectors can master brand stretch from GI
The life and protection market must learn from the general insurance market to promote itself as a viable brand stretch for affinity partners, according to Ageas Protect’s managing director.
Affinity 2012: Flexibility fundamental to future affinity wins not size and scale
The winners in the affinity space of the future are not necessarily going to be the traditional big players, but those that can best adapt to the changing buying patterns of consumers.
Summers third-party claims judgment leaves door open for industry victory
Zurich has been credited with helping the insurance industry win the war against grossly exaggerated third-party claims, despite losing its battle in the Supreme Court.