Insurer
Young driver IPT exemption unlikely despite positive government talks
Hopes of securing an exemption from the insurance premium tax hike for young drivers are dwindling, despite “constructive” talks between industry figures and the Department for Transport last week.
Blog: Why £200m Nationwide household loss might not be a big deal for DLG
Direct Line Group CEO Paul Geddes was bullish today when the insurance group released its half year results.
Geddes trumpets DLG reserve releasing in ‘strong' H1 results
Direct Line Group CEO Paul Geddes says the insurer should "claim some credit" for its reserve releasing in the first half of 2015, which demonstrated a shift from its usually conservative reserving stance.
Amanda Blanc to lead combined UK GI operation from next year
Axa UK commercial lines and personal lines intermediary CEO Amanda Blanc is to take control of Axa’s entire general insurance operation in the UK as of 1 January next year.
Benign weather helps Axa UK shave 1.2pp off its first half COR
Axa’s UK business was aided by benign weather conditions in delivering an improvement of 1.2 percentage points in its combined operating ratio for the first half of the year, which stood at 97% (H1 2014: 98.2%).
Trust In Insurance: Blog: Satisfaction is what you need
The first in a new regular blog series from Post’s Trust In Insurance Taskforce.
DLG operating profits increase £100m as COR drops to 89.4%
Direct Line Group has reported a £100m increase in operating profit for the six months ended 30 June 2015 and a 6.7 percentage point increase in its combined operating ratio.
Penny Black's insurance week - 6 August 2015
Penny is giving serious thought to creating some sort of insurance superteam to enter the Tour de France 2016.
Suncorp had A$1.1bn of disaster claims in last financial year
Brisbane-based Suncorp had its worst ever year for natural disasters in the financial year finishing at the end of June 2015.
LMA publishes bluffers guide to claims
The Lloyd’s Market Association has released a bluffer’s guide to claims to help Lloyd’s practitioners understand how ongoing strategic projects, current claims processes and future initiatives fit together.
Travel sector on the FCO radar as lack of coverage concerns are raised
Greater regulation around travel insurance is not expected to be introduced, despite calls from the Foreign and Commonwealth Office for insurers to make sure British tourists have adequate coverage.
RSA to record boom in profits by 2017, according to analyst estimates
Profits at RSA are predicted to skyrocket in 2017 after a year of marginal decline, according analysts’ consensus estimates.
Career development: ECIS given Chartered status
The Chartered Insurance Institute, has awarded ECIS, the employee benefits company for the construction industry the prestigious Chartered Insurance Broker Status.
Hurricane Katrina: 10 years on
A decade after Hurricane Katrina hit New Orleans, what lessons has the insurance industry learned –and how has the city recovered?
Top 30 European Insurers: The cream of the crop
Post, in association with AM Best, has compiled a list of the top 30 European non-life insurers. How have the rankings changed since 2013 – and how have currency fluctuations changed the standings of those dealing primarily in US dollars?
RSA pushing for 600p per share offer from Zurich
RSA is said to be angling for a 600p per share price from interested purchaser Zurich - an increase on last week's reported price of 550p per share, according to reports.
C-Suite - MGA: Getting your hands dirty
The recent FCA review has left no doubt of what the regulator expects – and MGAs must take heed.
C-Suite - Insurer: The cost of regulation
Is the FCA just profligate or is there more behind the need for the regulator to increase fees?
AM Best places Ironshore under negative review after Fosun transaction
Ratings agency AM Best has placed specialty insurer Ironshore under negative review after the acquisition by Chinese conglomerate Fosun.
Less than 6% of SMEs have cyber insurance, says ABI Research
Global research firm ABI Research has found that less than 20% of large companies and less than 6% of SMEs have cyber insurance within the global insurance market.
Buying RSA 'not the best option' for Zurich shareholders say analysts
The rationale for Zurich’s takeover of RSA has been questioned by analysts who suggest the insurer would be better served by returning excess capital to shareholders.
Blog: What's your clients' summer protection factor?
The summer months can see increased liability when it comes to contents cover, says L&G's Kevin Roberts
DLG's Maddock claims insurers have 'an obligation' to set up ABSs to ensure access to justice
Direct Line Group claims director Steve Maddock has hit back at suggestions alternative business structures fuel claims farming saying they are actually an effective tool in stopping spurious claims progressing.
Insurance quiz of the week - 31 July 2015
It’s that time to put your knowledge of this week’s insurance news stories to the test – and this time it’s not just for fun. It is serious.