Company news
NFU Mutual reports financial loss of £290m
NFU Mutual has reported a financial loss of £290m in 2018, compared to a profit of £540m the year before.
Keith Williams leaves Aviva for Royal Mail
Keith Williams will step down from his role as Aviva’s chair of the audit committee and a member of the nomination, governance and risk committees on May 22.
Marsh raises further debt to fund JLT acquisition
Marsh & McLennan is looking to raise more capital to fund its JLT acquisition, having announced its second senior notes offering in the space of a week.
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".
Joe Grogan appointed executive chairman of Marsh Ireland
Joe Grogan is to become executive chairman of Marsh Ireland, while JLT’s Patrick Howett will become CEO.
Claims Apprentice 2019: Episode 1 - Meet the teams
After 30 interviews involving rising insurance stars from up and down the country, the field has been whittled down to six candidates, all competing for the prize of becoming the 2019 Claims Apprentice.
Axa’s SME trading centres put 106 jobs at risk
Axa is putting 106 jobs at risk with the creation of two small and medium enterprise trading centres in Bolton and Ipswich.
Argo Global appoints EMEA CUO
Argo Global has appointed Alfredo Alonso as chief underwriting officer for Europe, the Middle East and Asia.
Sedgwick acquires entertainment loss adjuster
Sedgwick has acquired entertainment insurance loss adjuster Adams Media Loss Adjusting.
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.
Lloyd’s appoints Hayley Spink as a head of global operations
Lloyd’s has appointed Hayley Spink as a head of global operations, replacing Joe Dainty.
Lemonade slices underwriting losses
US-based insurtech Lemonade has cut its underwriting losses and grown premiums.
Direct Line profit drops despite Ogden rate releases
Direct Line saw operating profit drop, despite reserve releases ahead of an anticipated Ogden rate revision.
Maurice Tulloch becomes Aviva CEO
Maurice Tulloch has been appointed CEO of Aviva, replacing Mark Wilson.
This week in Post: Storm, Brexit and diversity
This week, the sunshine we were blessed with last week was replaced by a more winter-appropriate grey sky and rain.
Hastings profit sees steady growth
Hastings saw profit after tax of £130.6m in 2018, an increase of 3% from £126.7m in 2017.
Employees of Call Connection file claim in ongoing administration
Former employees of failed insurance lead generator Call Connection are among the creditors seeking reparation, according to an interim report into the administration of the firm.
David Duclos appointed NED at Lloyd’s Global Network
David Duclos has been appointed non-executive chairman of Lloyd’s Global Network.
Ageas UK closes in on chief risk officer
Ageas UK CEO, Andy Watson revealed that “pen has been put to paper” in the insurer’s recruitment drive for a chief risk officer.
Ageas UK says long goodbye to Ogden impact as CEO Watson hails ‘strong’ motor performance
Ageas UK saw a threefold increase in profitability in its 2018 full year results, reporting a profit of £76.7m compared to £25.4m in 2017.
GRP buys equestrian broker
GRP has acquired Hertfordshire-based equestrian broker Shearwater, for an undisclosed amount.
Cloutier steps up at Aspen as Apollo deal completes
Aspen’s chairman Glyn Jones and group CEO Chris O’Kane have stepped down, with the completion of Apollo’s acquisition of the Lloyd’s insurer.
Ageas management shakeup continues as Jonathan Price joins as CFO from Aspen
Former Aspen UK chief financial officer, Jonathan Price has been appointed CFO of Ageas UK.