Insurer
Ex-cons avoid return to jail after attempting to defraud Admiral and Ageas
Two men who met and became friends in prison yesterday (5 November) received suspended prison sentences at the Old Bailey after staging a ‘cash for crash’ accident in order to claim over £16,000 from Admiral and Ageas.
Power hour: A better customer journey
As more SME business is traded electronically, how can brokers and insurers make what could be a complex purchase into a simple and easy to understand process for customers?
New head of casualty claims at Allianz
Allianz Claims has appointed Lee Watts as head of casualty claims, moving over from his role as QBE’s claims investigation service manager.
Allianz Group posts 7.5% drop in Q3 operating profit year on year
Allianz Group has reported third quarter operating profits of €2.45bn (£1.75bn), a 7.5% decrease on last year's figure of €2.65bn.
Quiz of the week - 6 November 2015
How much news from the world of insurance have you remembered from this week?
State of the Insurer Nation Blog: Extracting value from data through robust policies and expertise
One of the key drivers of innovation in today's insurance market is the ever increasing volume and diversity of data available to insurers, and their ability to apply insight drawn from this data to provide competitive advantage.
Foil calls for mesothelioma portal to be introduced
The Forum of Insurance Lawyers has called for the launch of a new portal to handle mesothelioma claims which would offer fixed costs to the victim's lawyer if a defendant or insurer admits liability within 30 days.
Axa Philippines expands into P&C with acquisition
Axa Philippines has bought Charter Ping An from GT Capital as it extends into property and casualty insurance.
Allianz confirmed as Sharm el-Sheikh plane crash reinsurer
Allianz Global Corporate and Specialty has confirmed it is the lead reinsurer for the downed Russian airliner in Sharm el-Sheikh, Egypt.
Motor pricing driven by return to pre-Laspo environment, Lewis contends
RSA UK and Western Europe CEO Steve Lewis is not expecting to see a wholesale shift in the market landscape before year-end with a challenging motor pricing environment reflecting pre-Legal Aid, Sentencing and Punishment of Offenders Act 2012 trends.
Insurers diversify as struggle with shallow talent pool continues
The skills shortage in UK general insurance has worsened - with figures from the Chartered Insurance Institute showing four out of five companies are struggling to get the expertise they need.
Profit plummets 48% at Zurich's UK business amid 'perfect storm'
Zurich UK general insurance CEO Vibhu Sharma has blamed “a perfect storm” of tough market conditions and greater the normal large losses for a plummeting business operating profit in the third quarter of 2015.
Lancashire sees GWP drop 20.8% in Q3
Lloyd's insurer Lancashire reported a 20.8% decrease in gross written premiums in the third quarter of 2015 to $120.4m (£78m) (Q3 2014: $152.1m).
Blog: Don't let your clients get burned this Bonfire Night
On Guy Fawkes Night this evening, fireworks and bonfires will bring the family together, creating an enjoyable atmosphere for children and adults alike. However, there is one other thing we need to remember, remember this 5th of November, and that's to…
Markel sees Q3 COR improve to 88%
Markel Corporation has reported a combined ratio of 88% for the third quarter of 2015, an improvement on the result of 97% in the third quarter of 2014.
Europe: Motor is a disparate market, with a future
It might surprise people in richer European countries, but an important part of claim payments on compulsory motor third-party liability policies in Latvia is used to pay for funerals.
Zurich a ‘distraction' for RSA in Q3
RSA group CEO Stephen Hester has called Zurich's "unsolicited approach" to RSA a distraction during the third quarter of 2015 in which RSA reported a 1% increase in core group underlying net written premiums.
Post magazine - 5 November 2015
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS app edition on the App Store or read the Post digital edition online.
IFB launches affiliate membership consultation
The Insurance Fraud Bureau has taken a step towards extending its services to defendant lawyers, private investigators and other industry suppliers, by launching a consultation on affiliate membership.
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).