Insurer
Aviva silent on exposure to French arbitrage life insurance contracts
Aviva failed to disclose the extent of its potential exposure to fixed-price arbitrage life insurance contracts despite intense questioning at its annual general meeting yesterday (29 April).
Money Supermarket insurance division reports 12% growth
The Money Supermarket insurance division reported 12% year-on-year growth for the three months ended 31 March 2015 with revenues of £36.8m for the period.
First quarter GWP down at Lancashire
Specialist insurer Lancashire has posted slight decreases in gross written premiums, profit after tax and net operating profit for the first quarter of 2015.
ABI unveils insurance priorities for next government
The Association of British Insurers has published a list of 10 insurance and savings priorities for the next government.
Nepal's largest reinsurer cites $160m exposure to earthquake
The devastating earthquake in Nepal is expected to cost the largest reinsurer in the country GIC Re no more than $160m (£104m).
QBE targets 30% of Singapore's engineering and construction market
QBE has ambitious plans to grow strongly in engineering and construction in Singapore from 5% of the market to 30% by around 2021.
Post magazine - 30 April 2015
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS or Android App Edition on the App Store or Google Play respectively or read the Post Digital Edition online.
Applied Systems to support Relay's push into Northern Irish market
US-based technology firm Applied Systems has struck a partnership deal designed to support Irish intermediary software provider Relay’s expansion into the Northern Irish market.
Maurice Tulloch handed Pool Re non-executive role
Aviva's UK and Ireland general insurance CEO Maurice Tulloch has been named as a non-executive director at Pool Re.
Euler Hermes Q1 revenues jump 5.1%
Trade credit insurer Euler Hermes has reported a 5.1% increase in revenues for the three months ended 31 March 2015 to €670m (£478m).
ABI premium tracker shows home rates down 2% in Q1
Home insurance rates continued to fall in the first quarter of 2015 with an average combined building and contents policy now costing 79 pence a day, figures from the Association of British Insurers showed.
CMA gives green light to Xchanging's purchase of Agencyport
Xchanging’s acquisition of Agencyport Europe has been cleared by the Competition and Markets Authority following an in-depth investigation by the regulator.
Editor's comment: Insuring the uninsurable
Insurance industry leaders repeatedly tell me how proud they are of the sector’s ability to innovate – after all insurance is usually at the cutting edge of developments and insures risks ranging from satellites in space to deep sea exploration.
New South Wales' storms to cost IAG A$300m
Insurance Australia Group is counting the cost of two damaging storms in the same week.
Zhang to exit Markel after Shanghai office opening
Steven Zhang, chief representative of Markel's Beijing office, will be leaving the company after helping establish the Shanghai office.
Philippines' GI profits surged in 2014 from low base
The Philippines' 65 general insurance companies profits in 2014 climbed to 2.4bn pesos (£35.4m) up 192% from 822m pesos of profit in 2013.
From Croydon to Berlin: The geography of insurance disruption
There is constant talk of disruption and digital innovation in the personal lines insurance market, but when it comes to concrete facts about where it's coming from, all we have is – often wild - speculation.
Aviva and Covéa join fraud task force working party
The insurance fraud task force has set up a working party to examine where issues arise in the personal injury claims process.
Quotas not seen as the cure for lack of London market diversity
London market professionals have acknowledged more needs to be done to overcome its historic lack of inclusivity, but have stopped short of backing a quota system as a means to increase diversity in the marketplace.
Industry dismissive of Apil plans for mandatory PL cover
Industry leaders have distanced themselves from calls by the Association of Personal Injury Lawyers to introduce compulsory public liability insurance by suggesting it may damage the sector’s reputation among small businesses.
Insurers told to change ways or lose loss adjusting capacity
Insurers have been warned of the potential consumer detriment of in-housing claims by loss adjusting bosses who have backed the stance taken by Chartered Institute of Loss Adjusters' deputy president Benedict Burke over the industry’s ability to provide…
Parabis names Powell as Oliver's eventual successor as CEO
Parabis Group has appointed chief operating officer Jason Powell to the role of CEO amid a wider boardroom reshuffle at the legal services group.
CII unveils best practice to aid information sharing and tackle fraud
A data sharing initiative designed to speed up the process of exchanging claims information between insurers has been unveiled as part of the industry’s ongoing fight against fraud.
Brain Training: 10 things you need to know about... conduct risk
1. Don't be fooled - conduct risk is not just treating customers fairly with some new bells and whistles