Insurer
AIG planning to axe 400 senior executives
AIG is planning to cut up to 400 senior staff in the US after posting a $231m (£149m) loss for the third quarter of 2015.
The State of the Insurer Nation: Week Three: Public Perception
In the third of a five-part series covering the results of the State of the Nation survey, Mairi MacDonald reports how our CEOs and managing directors view the public’s poor perception of the insurance industry and how simplified wordings and more…
News Editor's Comment: Improving diversity
The issue of diversity in insurance got another airing last week, when it was cited in the launch of a discussion paper concerning succession planning.
Watson commends 'stable' profits despite nine-month drop
Ageas UK CEO Andy Watson told Post he is unconcerned by the firm's nine-month results published today (4 November), which included a 25% profit drop.
L&G GI premiums slide 11% in nine months
Legal & General has reported an 11% drop in general insurance gross premiums for the nine months ended 30 September 2015 to £251m (9M 2014: £282m).
Self-Driving Vehicles: Key to success
It is only a matter of time before fully automated vehicles start appearing on our streets. How can insurers help manage the transition with liability products?
What you've been reading this week
The 10 most read stories on Post Online from 27 October - 2 November 2015.
Ageas UK sees profits fall to £46.9m
Ageas UK has reported a decrease in profits for the first nine months of 2015 - down to £46.9m from £63.2m in the same period last year.
Apollo pulls out of Xchanging race
Apollo Global Management has decided against making a further offer for outsourcing firm Xchanging, leaving the path clear for Capita to finalise a deal.
Markel appoints former Cooper Gay director in China
Markel has appointed Helena Zhang as business development manager for its underwriting division at Lloyd's China.
Roundtable: Technology: Are insurers ready for the next technology revolution?
What are the forthcoming trends insurers are likely to face?
In Series: Windstorms: Lessons from history
Debate over how European windstorms are evolving can be fierce, with data available to prove virtually every possible variation. But, with this weather phenomenon seriously battering Europe and its insurers’ claims funds, a greater understanding of what…
FCA chief Tracey McDermott tells insurers there is more to do repair reputation
Tracey McDermott, the acting CEO of the Financial Conduct Authority, has told the Association of British Insurers' biennial conference that the industry still has much to do to improve its image in the eyes of consumers.
Trust in Insurance: Blog: The admin fee rip-off
The regulator needs to get involved to enforce a blanket ban on unfair extras.
C-Suite - Insurer: It’s a small world after all
SMEs are key to economy growth in the UK – and with globalisation a reality, they face numerous risks.
Penny Black's Social World - 5 November 2015
All the latest online news
Penny Black's Insurance Week - 5 November 2015
Last week, Penny was inundated with all manner of last-ditch rugby fun before the World Cup was finally hoisted above the heads of New Zealand.
Insurers urged to step up pace of innovation with low-cost experiments
Tech giants Amazon and Google have warned insurers must increase their digital innovation with low-cost experimentation and that senior executives must recognise the need for dedicated digital investment to achieve this.
Industry united in call for FCA to be appointed CMC regulator
Insurers have rallied to support the Association of British Insurers' call for the Financial Conduct Authority to oversee the regulation of claims management companies.
Career File: Amanda Blanc - Blanc to lead Axa Ireland
Axa UK will bring all of its insurance business under one leader with Amanda Blanc, CEO, Axa Commercial Lines and Personal Intermediary, taking responsibility for Axa Ireland from 1 January 2016.
Generali joins three-year earthquake risk project
Generali has teamed up with the Abdus Salam International Centre for Theoretical Physics to carry out a three-year project to study and analyse earthquake hazards and seismic risk mitigation.
Online SME insurer champions advice over price
New online insurer Quote Dave is promising to offer SME's insurance based on the "right advice" rather than the cheapest quote.
ABI relocating to America Square after 25 years at 'expensive' HQ
The Association of British Insurers has confirmed plans to move from its "expensive" Gresham Street headquarters to 1 America Square in a bid to lower costs for members.
Company bosses urged to see business benefits of insurance
Business leaders have been urged by risk management association Airmic and the Institute of Directors to stop seeing insurance as a ‘grudge purchase’ and start using it to enable them to take risks as they grow their business.