Insurer
Ageas boss 'confident' of an equally impressive Q4
Ageas chief executive Barry Smith is confident the company will continue to buck the trend in combined motor ratio for the fourth quarter after today posting impressive motor COR results of 96.4%.
Seven in 10 insurers admits being "average" or "weak" in meeting customer needs
While the majority of insurers (91%) believe future growth depends on providing a special customer experience, most of them do not currently see themselves as providing differentiated products and levels of service, according to findings of a global…
Post magazine – 10 November 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Fitch: UK motor insurers need to control claims costs
Fitch Ratings said that the trading update released today by Admiral leads it to question the ability of underwriters to control the rising cost of motor claims involving personal injury.
AIR flood model maps exposure at the street level
AIR’s inland flood model for Germany is the first to combine a global climate model and a localised numerical weather prediction model, giving users a unique ability to calculate exposure.
Eiopa begins consultation on complaints handling
The European Insurance and Occupational Pensions Authority has begun a public consultation on proposed guidelines on complaints-handling by Insurance Undertakings.
Oxygen to sell off remaining assets - Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including how market commentators believe large employee expenses and lack of profits are behind the demise of seven-year old Oxygen Holdings, as it prepares to sell off its…
Admiral share price rests on analyst presentation
Admiral’s analyst presentation this afternoon could see its share price rise if it “hits the market with new stuff” or plummet further if it fails, experts have warned.
FCA and PRA collaboration is the key, says Adams
Prudential Regulation Authority boss Julian Adams has pledged the organisation will collaborate with the Financial Conduct Authority to ensure the bodies do not duplicate work.
Admiral share price slumps as Engelhardt warns of no reserve releases in Q4
Equity analysts are maintaining a “cautious hold” recommendation on Admiral’s share price as it dropped this morning revealing large personal injury claims continued to create large costs. Admiral boss Henry Engelhardt also warned there could be no…
Swiss Re buys $130m cat bond for Atlantic hurricane and European windstorm
Swiss Re has obtained a further $130m in protection through the Successor X catastrophe bond programme for North Atlantic hurricane and European windstorm.
Miller appoints former Marsh man to corporate risks team
Miller has today underlined its commitment to strengthening its corporate risks team with the appointment of Mark Hicks from Marsh.
AM Best affirms Torus rating despite 1H11 losses
AM Best has affirmed the financial strength rating of A- (Excellent) and issuer credit ratings of "A-" Torus Insurance Europe, Torus Insurance UK and Torus Insurance Bermuda.
Ace and Chubb experts lead Lloyd's environment consortium
Lloyd’s has responded to increased demand for higher levels of environment impairment liability coverage by launching its own environmental liability consortium.
Ageas UK reports increase in GWP
Ageas UK today reported that its total general insurance gross written premiums for the first nine months of 2011 increased by 16.8% over the same period in 2010 to £822.5m.
Insurers told to set their house in order ahead of parliamentary debate
Apil has called on the insurance industry to set its house in order as MPs prepare for another debate on the cost of motor insurance tonight (8 November).
Endsleigh settles in £15.5m claims row
Ensleigh has confirmed that it has reached a “mutually acceptable agreement” with Southern Rock.
'Difficult environment' hits Munich Re’s Q3 profits
Munich Re has reported an 88% reduction in operating profits for the third quarter, down to €402m from €3.4bn year on year.
Insurers cannot underestimate work needed to comply with Solvency II
PwC has commented on today's launch by EIOPA of a public consultation on its revised proposals for reporting under Solvency II.
Groupama mulls possible sales option
Groupama is believed to be investigating the option of selling a stake in the company or assets to outside investors in an attempt to strengthen its capital and restore its solvency margin.
Proposal seeks to lift China's foreign motor insurer ban
China may be set to lift the exclusion on foreign insurers selling compulsory motor insurance in the region.
EIOPA launches public consultation on Solvency II
In order to facilitate the preparatory work of insurance and reinsurance undertakings for Solvency II, the European Insurance and Occupational Pensions Authority has opened a public consultation with regards to supervisory reporting & public disclosure…
Markel appoints chief representative for China
Markel has appointed Steven Zhang as chief representative for Markel China.