Insurer
Axa inks £20m Paymentshield partnership
Axa Commercial Lines and Personal Intermediary has agreed to join Paymentshield household panel, in a move expected to deliver £20m of premiums over five years.
ABI's Evans urges insurers to take reputational issues into own hands
Insurers must do a better job of defending rating factors to avoid them being seen as a "sinister" use of data collection against consumers, Association of British Insurers deputy director general Huw Evans says.
ABI lukewarm on £470m flood defence plans
The Association of British Insurers has provided a measured response to Treasury plans to spend £470m on flood defences as part of a previously announced commitment of more than £2.3bn of public spending.
Aviva finalises £5.6bn Friends Life takeover
Aviva has completed a deal to acquire Friends Life for £5.6bn, with shareholders of the new purchase taking on 26% of Aviva.
Soft market failing to whet premium appetite among risk managers
Airmic members are not buying more insurance despite declining rates and instead continue to show faith in their captive solutions, according to a survey conducted by the risk management association.
Sterling deal to boost Covéa's diversity and customer service goals
Sterling managing director John Blundell says the business' buyer Covéa is a "good fit" for the insurer and is supportive of its existing growth plans.
Insurers warned about naivety around new entrants
Insurers should not be naive about the ability of companies from other sectors to enter the market and steal market share, according Guidewire senior vice president at Guidewire Brian Desmond.
Covéa closes Sterling deal
Covéa has completed a deal to acquire high-net worth insurer Sterling from founder Nicholas Cooper.
CFS boss Campbell to lead BLM's Irish business following merger
Campbell Fitzpatrick Solicitors managing partner Peter Campbell is to lead BLM’s Irish business following the completion of the merger between the two law firms.
Century Underwriting becomes 101st MGAA member
The Managing General Agents’ Association has recruited its 101st member in the shape of commercial lines specialist Century Underwriting.
Uinsure hires Berkeley Alexander director Hutchings
Manchester-based general insurance provider Uinsure has followed up on the recruitment of five former Paymentshield employees by appointing Mark Hutchings from Berkeley Alexander as national account manager.
Russian market facing 'significant challenges' despite premium growth
A predicted 10% rise in non-life Russian premiums in 2014 would be largely a result of inflation and masks the inherent problems faced by the profession in the country, according to Axco Insurance Information Services.
French floods force more than 3000 evacuations
Floods in Southern France have forced more than 3000 to evacuate their homes, while five people have lost their lives.
Trio sentenced after LV and Esure hit back at £145k crash for cash scam
A trio of crash for cash fraudsters have been handed custodial sentences following collaboration between LV and Esure to bring down a criminal ring.
14% of EU insurers fail 'baseline' EU stress tests
A test of more than half of Europe’s insurers by market share has found that one in twelve are currently likely to fail to meet solvency capital requirements when the Solvency II regime launches in just over a year.
Ace shuffles Australian financial lines team
Insurer Ace has promoted two staff and recruited a former broker in its Australian financial lines division.
Premiums in 'emerging Asia' to grow 12.8% in 2015, says Swiss Re
According to reinsurance giant Swiss Re general insurance premiums in 'emerging Asia' countries are set to grow 12.8% on average in 2015.
Markel hires two to financial risks division
Markel has made two appointments in its financial risks division including hiring Catlin's Martin McCarron as financial institutions head.
Fitch predicts more consolidation among smaller European insurers
Merger and acquisition activity among smaller European insurers is likely to gather momentum as the countdown to Solvency II continues and profitability remains under pressure, according to Fitch Ratings.
Lords holds first evidence session on Insurance Bill
The House of Lords new Special Public Bill Committee on the Insurance Bill will hear from government Minister Lord Newby in its first evidence session next week.
Rates down 2.8% in Q3 as buyers increasingly access global capacity
Global insurance rates fell by 2.8% in the third quarter of 2014, compared with the same period in the previous year, according to Marsh's global insurance index.
AIG re-hires CNA regions boss Somers to help boost non-London GWP
AIG is pushing ahead with plans to bolster its regional presence across the UK with the appointment of CNA Insurance’s head of UK regions Phil Somers.
Insurance Europe unveils new committee chairs
Insurance Europe has revealed the new leadership of its committees, handing a leading role to Lloyd’s head of government policy and affairs Alastair Evans.
Digital Insurance and Technology Awards 2014: Winners Revealed
Post’s Digital Insurance and Technology Awards took place last night at the Royal Garden Hotel in London. The event recognised the increasing role that technology plays in enabling those in the insurance industry to streamline their processes, innovate,…