Insurer
Price Comparison Websites: No comparison
There are plenty who would celebrate their demise, but despite regulatory scrutiny, price comparison websites remain strong
Advertising costs and competition major deterrents to insurers entering aggregator space
Sky-rocketing advertising costs and an already competitive market have been cited as potential deterrents for any insurers considering entering the aggregator space after an Accenture report estimated 83% of UK firms were contemplating such a move.
C-Suite - Insurer: Never mind the bollards
A recent first-hand experience of the claims system highlights that the personal touch is still king.
UK authorities right to flag Solvency II concerns prior to 2018 review
Wide-ranging criticism of the nascent Solvency II regime by the UK has received initial support, despite the fact that the regulatory system is little over a month old.
Slovenian insurers could see lower capital ratios under Solvency II
Capital ratios for Slovenian insurance companies could be lower under Solvency II than they were under the Solvency I regime, according to Fitch Ratings.
Tokio Marine Kiln expands Birmingham-based underwriting team
Tokio Marine Kiln has appointed Mark Bradshaw from Zurich and Owen Shelley from Aviva to underwriting roles in the Midlands.
Senior Ace executive Tim Mardon shot in Essex robbery
Tim Mardon, division president of Ace Tempest Re Bermuda, has been shot and wounded at his house by two armed robbers.
Blog: A quiet end to ‘average'?
There are differing views as to whether no longer applying average is a wise move likely to mean more business or will it result in higher claims costs?
Industry CEOs concerned by market entrants, PWC survey finds
New market entrants are seen as a threat to growth for established industry players, according to 65% of insurances CEOs surveyed by PWC.
PIB reels in Fish Insurance from Capita
PIB Insurance Brokers has made its first acquisition since The Carlyle Group’s capital injection, with the group buying specialist Fish Insurance from Capita.
MGA venture by Cunningham Lindsey gets MGAA backing
Cunningham Lindsey will support managing general agents with a new service designed to assist with regulatory requirements and back office functions, a move that has been welcomed by the Managing General Agents’ Association.
IFB joins SRA and insurer talks over 'consistent' approach to claimant firm fraud
High level discussions are taking place between the insurance industry and the Solicitors Regulation Authority towards establishing a consolidated process for submitting evidence of fraud perpetrated by claimant law firms.
Duffy named group CUO as Sompo Canopius reshuffles management
Mike Duffy has been appointed group CUO of Sompo Canopius as part of a wider reshuffle of its executive team.
Storms cost Aspen £17.8m in Q4
Aspen Insurance Holdings paid out $25.7m (£17.8m) related to UK floods in the quarter ended 31 December 2015 as it reported a combined ratio of 99.6% for the period.
LSM looks within for senior underwriting hire
Liberty Specialty Markets has promoted Mike Gosselin to chief underwriting officer for specialty.
Competition concerns spark UK government's call for Solvency II changes
Certain elements of Solvency II could be changed if concerns expressed by the UK government and regulators about the EU regime sparking anticompetitiveness are heeded.
Brexit would disadvantage SMEs' trading potential, RSA warns
Nearly three quarters of UK SMEs struggle to export beyond the European Union meaning they could be disproportionately disadvantaged if the UK votes to leave the EU in an upcoming referendum, RSA research has found.
Chubb Global Markets appoints marine team leaders
Chubb Global Markets has confirmed the appointment of Mark Edmondson and Mike Reynolds as the leaders of its marine team, with immediate effect.
Blog: Let's take low speed impact cases out of the ‘too hard to do' drawer
In court, the credibility of your witness is everything. But in low speed impact claims, the reliability of expert witness evidence is akin to the Wild West. The true facts of a collision are too rarely investigated and expert testimony is frequently…
Allied World CEO bemoans ‘challenging year’ as 2015 profits plummet
Global insurer Allied World recorded a significant fall in net income from $490.3m (£337.6m) for the full year in 2014 to $83.9m in 2015.
Flood losses caused by storms Eva and Frank hit £526m
Insured property market losses resulting from flooding caused by storms Eva and Frank in December and from further low pressure systems last month totalled £526m, according to the catastrophe insurance data firm Perils.
UK General signs three-year capacity deal with Great Lakes
UK General has signed a three-year capacity agreement with Munich Re subsidiary Great Lakes Reinsurance (UK), which replaces Ageas as UK General's major capacity provider.
C-Suite: More pain in the Year of the Monkey
As the excitement builds across much of Asia for the countdown to Chinese New Year, Markel's Matthew Cannock gives a stark warning to the industry.
Chubb names Continental Europe country presidents
Chubb has named the leaders of its operations in Continental Europe, reporting to Continental Europe division president Jeff Moghrabi.