Insurer
Pre-tax profit and GWP up in ‘strong' year for Hastings
Hastings has reported increases in net revenue, profit before tax and gross written premiums for 2014.
Co-op reports insurance loss for 2014
The Co-operative's insurance division struggled in a "difficult market" and posted an operating loss of £7m for 2014, compared to a profit of £36m the previous year.
Insurers must consider impact of EU exit ahead of general election
UK-based insurers who underwrite European business should consider the consequences of the UK exiting or renegotiating its position within the European Union, according to AM Best.
Covéa signs up to the IFR
Covéa Insurance has become the latest insurer to join the Insurance Fraud Register.
Post Blog: Mind the gap - CII Next Gen Claims Group to report on surge response
In football how often do you see a goal scored – especially after a set play - where the goal keeper and defenders look at each other afterwards and exclaim that the scorer was “not their responsibility”?
Tackling 'skills gap' must be priority for next government says CII
The transition from education to employment must be a key focus for the next government, whatever its composition, according to the Chartered Insurance Institute.
Loss adjusters appoint accountants to help with Holborn fire BI claims
Loss adjusters Crawford & Company and Cunningham Lindsey have assigned a number of in-house accountants after being appointed to handle business interruption claims emanating from last week’s electrical fire in central London.
LMA launches first competitive board election for three years
Eight candidates are fighting it out for six positions on the Lloyd’s Market Association’s governing body in what will be LMA’s first competitive election since 2012.
TMK hires former Catlin Syndicate CEO Sinfield for claims role
Tokio Marine Kiln has appointed former Catlin Syndicate CEO Nick Sinfield as its new head of group claims.
Standard Syndicate vows to bring new marine business to Lloyd’s
Standard Syndicate (Syndicate 1884) has commenced underwriting at Lloyd’s with a range of specialist cover targeting shipowners.
C-suite - Insurer: How to talk to customers
The threat to the insurance industry from ‘disruptors’ can be nullified with good communication, says Alasdair Stewart, Axa Commercial Lines and Personal Intermediary.
Aviva welcomes Medco launch
Aviva has welcomed the launch of Medco, the government system that will randomly allocate medical experts to soft tissue bodily injury claims such as whiplash.
Reinsurers eye greater share of primary business as rate pressure continues
Global reinsurers are increasingly looking to shift their portfolios towards primary business in the face of continued rate pressure, according to an AM Best report.
Interview: Chris Voller - Keeping up with the digital revolution
More than doubling your workforce pretty much overnight would cause some people a degree of panic, but not Chris Voller, head of claims for Axa Insurance.
Blog: D&O insurance - ‘The Times They Are A-changin'
Primary D&O underwriters have been living with over-capacity, broad cover, and low rates for a long time, but are there reasons to think that 2015 could be the beginning of the end of this soft market for management liability risks?
XL unveils venture capitalist product
XL Group has launched a new venture capital initiative, XL Innovate.
Flood Re chair Hoban to take home £150k in first year
Flood Re chairman Mark Hoban is to receive a salary of £150,000 for his first year of work for an expected commitment of approximately seven hours per week.
Covéa boss fears CMA 'failure' on credit hire will increase costs in 2015
The Competition and Market Authority’s failure to take action on credit hire costs following its private motor report last year risks spurring claims inflation, according to Covéa Insurance CEO James Reader.
Cobra secures £6.9m refinancing deal with Clydesdale Bank
Cobra Group has secured a £6.9m debt refinancing with Clydesdale Bank with the aim of growing the business.
Further acquisitions not on Duperreault's radar at Hamilton
Hamilton Insurance Group CEO Brian Duperreault is not planning any further acquisitions after completing a deal to buy Lloyd's operation MBA Sportscover Underwriting.
Fraud investigation firm VFM enters liquidation
Peterborough-based claims investigation firm VFM Services has gone into liquidation resulting in the redundancy of the firm's entire workforce, Post understands.
Blog: Who is in the running to take over from Sandy Scott as CII CEO
The news this time last week that Sandy Scott was to step down as CEO of the Chartered Insurance Institute started the proverbial rumour mill as to who would be his replacement.
IGI targets untapped Middle East and African markets at it plots UK growth
International Insurance Group will eschew the saturated markets of Northern Europe and the United States as it looks to build its London operation, according to CEO Andreas Loucaides.
Pet insurance market forecast to reach £1.1bn by 2018
UK pet insurance premiums are forecast to reach £1.1bn by 2018 with market growth driven by rising vetinary fees, high claims costs and advances in vetinary treatment.