Insurer
TT Club's 2014 COR improves to 85.6%
Transport insurer TT Club has reported increased gross written premiums for the 12 months ended 31 December 2014 to $182.2m (£120m) from $181.1m the year prior.
Young motorists unimpressed with efforts to reduce cost of driving
Six out of 10 young drivers polled by Carrot Insurance claim the coalition government has not done enough to tackle the cost of driving, with 26% stating they will not be voting in tomorrow’s (7 May) general election.
Editor's comment: The quest for talent
Securing and retaining talent has always been important for the insurance sector but recent high-profile litigation in the broking arena suggests this is becoming more of a fight than ever.
Davies appointed as claims partner by MGA Modus
Loss adjusting firm the Davies Group has been appointed by Modus as claims partner across all lines following a competitive tender process.
DLG sees GWP dip marginally in Q1 as costs plummet 10%
Direct Line Group has delivered a 0.9% dip in gross written premiums for the first quarter of 2015 after attributing a 1.3% reduction in in-force policies to a fall within its partnerships channel.
Tune takes controlling stake in Indonesia's ASM
Tune Insurance has bought a 50% and one share stake in Indonesia's PT Asuransi Staco Mandiri for RM22.8m (£4.8m).
Increasingly complex risks spark calls for overarching leadership
Company boards should consider appointing “an executive voice” to focus on their organisations' most important and strategic risks, according to a report claiming that boards are failing to navigate increasingly complex risks.
Insurers ‘not yet at the table' to provide cyber solutions to customers
Marsh's UK and Ireland CEO Mark Weil has told the insurance industry that it has more to do to prove to customers that it can provide solutions to the growing cyber threat that is hanging over clients' businesses.
PE house takes 50% stake in telematics firm
New private equity firm Beech Tree Private Equity has agreed to take a 50% stake in RS Fleet Installations, the West- Midlands based telematics device installation firm.
Data protection key as insurers seek to improve online engagement
Insurers have conceded they must overcome concerns regarding data protection breaches if they are to improve online customer service, following a survey that showed the sector is failing to adequately engage with consumers.
Ex-Towergate director Bartlett becomes Axa's northern branch boss
Axa Commercial Lines and Personal Intermediary has finished compiling the senior management team for its branch operation with the appointment of Lisa Bartlett as regional director for the north.
Helvetia Group completes National Suisse Group takeover
Helvetia Group's Swiss insurance units have now been merged following the takeover of the Nationale Suisse Group in late-2014.
Tokio Marine Kiln unveils drone product
Tokio Marine Kiln has launched what it claims is the first comprehensive insurance product for Unmanned Aerial Systems in the Lloyd's market.
Coalition's GI legacy one of progress and 'missed opportunities'
The diffuse mesothelioma payment scheme and Flood Re have been highlighted among the coalition government’s main achievements by industry insiders, with the lack of progress on young driver reforms named as a key disappointment of its five year tenure.
Cunningham Lindsey aims to forge greater local links with regional management structure
Cunningham Lindsey has unveiled a new regional management structure for its loss adjusting services team, designed to put a greater focus on the local delivery of technical skills, and create deeper local relationships with insurers and brokers across…
Torus and LAU to write general aviation in the US
Torus and London Aviation Underwriters Form General Aviation Partnership in the US
ABI says that cyber insurance to be the norm by 2025
Cyber insurance should become as common a purchase for UK businesses as property insurance within the next 10 years, the Association of British Insurers said today.
C-Suite - Insurer: To the heart of the promise
As trading conditions remain challenging, the market must not forget the promise made to customers, says Richard Coleman.
Fairfax eyes 35% stake in Vietnam insurer
Toronto-based Fairfax Financial is set to buy a 35% stake in general insurer BIDV Insurance for an undisclosed sum.
XL Catlin begins 'bold new world' marketing campaign
Following the completed merger of XL and Catlin, the combined entity XL Catlin has launched an "insurance for a bold new world" marketing campaign.
Career File - Maurice Tulloch: 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.
Market Moves - 7 May 2015
Find out who has moved where in the world of insurance this week.
On the Soapbox: Laspo loses its shine
Allianz’s Graham Gibson on why the positive benefits seen directly after Laspo have started to wear off.
Heritage Crafts: The end of an era?
Historical buildings like ITV’s Downton Abbey, are facing an uncertain future as heritage crafts decline. What can be done to preserve our national heritage?