Insurer
IPT exemption for young drivers and SMEs gains industry support
Moves by the British Insurance Brokers’ Association to secure an exemption for young drivers and SMEs from the insurance premium tax hike have been welcomed by the industry, amid fears increased motor premiums could tempt youngsters to drive uninsured.
Potential Zurich takeover of RSA 'good for the industry' and for both firms
A swoop by Zurich for RSA would be “good for the industry” and would suit both businesses, according to market commentators, despite the likely loss of the RSA brand and subsequent job cuts.
RSA advises shareholders against action in light of Zurich interest
The board of RSA has noted the announcement that Zurich is evaluating a potential offer for the insurer, but have claimed talks have yet to take place and has advised shareholders not to take any action at this stage.
Home of the future
The connected home has the potential to revolutionise living space as we know it.
Penny Black's Insurance Week
Penny and her colleagues found a candidate for the most appropriately named employee of the year when reading one of the many hundreds of press releases that turn up on the news desk at Post.
Legal Update: Is the Insurance Act 2015 a liability?
Question marks remain over how the market will respond to key provisions, says Nick Young.
Refinancing deals in vogue as smaller firms eye their own M&A options
Bank refinancing deals will help small and mid-sized insurance companies remain competitive in the aggressive mergers and acquisitions environment, with further refinancing arrangements expected in the coming months, according to insiders.
Consumers considering cutting coverage in wake of IPT rise
The government’s decision to hike insurance premium tax will trigger a surge in customers moving to new providers and cutting back on or cancelling policies, according to research by Consumer Intelligence.
Income down almost 200% in Q2 at Aspen amid selective strategy
Aspen Insurance saw gross written premium fall by 7.3% to $722.8m (£464m) from $779.3m in the second quarter of 2015 as the firm reduced its exposure to certain energy-related Lloyd’s lines of business.
Roundtable: Reputation: Time to start building bridges
The insurance industry’s reputation is at a low, with recent reports highlighting a lack of consumer trust. How can insurers work towards improving the public’s perception of them?
Asta Capital unveils MGA platform
Asta Capital has announced the launch of a new platform to support the MGA market.
Leong returns to Singapore for Zurich leadership role
Kevin Leong has left Allianz in Canada to become head of customer distribution and marketing for Zurich's Asia-Pacific global corporate business.
Zurich considers takeover offer for RSA
Zurich has confirmed it is evaluating an offer to buy UK-headquartered insurer RSA.
Chinese investment firm buys Sirius International
Chinese investment firm China Minsheng has bought Sirius International Insurance for $2.24bn (£1.4bn) from White Mountains.
China's regulator approves Anbang's Dutch deal
China's Anbang has completed the purchase of insurer Vivat from government owned Dutch bank SNS Reaal after approval from the Chinese Insurance Regulatory Commission.
CHO hits stalemate with insurers over 2015/2016 GTA rates
Insurers and the Credit Hire Organisation have reached a stalemate over the revised General Terms of Agreement rates for 2015/2016 amid uncertainty surrounding the true minimum cost of credit hire.
Reputational Risk: A rotten apple…
It takes years to build a reputation and minutes to ruin it. How can companies protect themselves against reputational risk?
Insurers round on Aviva following 'disingenuous' ABS accusations
Aviva has been criticised for playing the “blame game” in the fight against fraud following accusations that rival insurers with alternative business structures are guilty of “feeding the beast” of fraudulent whiplash claims.
Hiscox in ongoing talks with PRA over stress test concerns
Hiscox is engaged in ongoing discussions with the Prudential Regulation Authority about concerns it has with its insurance stress test and is calling for a simulation of a large loss scenario to take place in the first half of 2016.
Sun Life launches into GI market with appointment of Stanney
Ex-Castle Cover products director Simon Stanney has been hired to spearhead Sun Life’s foray into the general insurance market.
Ageas ups uninsured drivers' fight with police partnership
Ageas has sponsored a Hampshire Constabulary police vehicle fitted with automatic number plate recognition technology to help identify uninsured drivers.
Maiden partners with Nissan on three-year retail insurance deal
Nissan Motor (GB) has appointed Maiden Insurance as its retail insurance partner as part of a move to allow customers to purchase their policy through a Nissan quote and buy website.
Insurers at risk of under-serving PPI market as distributors shy away from product
The negative perception attached to payment protection insurance following highly publicised mis-selling scandals could leave the market under-served and consumers short-changed on cover in the future.
C-Suite - Insurer: When two worlds collide
The best way to bring businesses together is to combine their respective strengths, says Simon Cooter.