Insurer
Independent's creditors to vote on scheme in June
Scheme creditors of the collapsed Independent Insurance Company are to meet on 1 June 2015 to consider a scheme of arrangement which is being proposed as an alternative to the company being liquidated.
GI players under the microscope as FCA increases its focus on the sector
Insurers and brokers have been warned by market observers to be on their guard after the Financial Conduct Authority outlined a series of reviews designed to shake-up the general insurance sector.
Europe: Major Events in the Russian Insurance Market in Q1 2015
Paul Koshik looks back at the first quarter of this year in the Russian insurance market
Further insurer run-off expected in Gibraltar as others plot arrival on The Rock
Several Gibraltar-based firms in danger of entering run-off are under intense regulatory scrutiny, according to market insiders, while the British overseas territory's financial watchdog says it has a number of interested parties on the hook to establish…
Covéa credits 'disciplined' pricing for 40% rise in 2014 pre-tax proift
A “disciplined approach to pricing” has been attributed to Covéa Insurance's improved combined operating ratio of 97.8% for 2014 (FY 2013: 98.7%).
ERS adds chief risk officer Ryan to the Board
Ryan Warren is to join ERS as chief risk officer and as a director of the Equity Syndicate Management Limited Board.
Germanwings loss to maintain aviation market pricing pressure
Pricing in the aviation market is expected to remain competitive in spite of the Germanwings crash on 24 March, according to AM Best.
RSA's Hood resigns two months after taking on CDO role
RSA chief digital officer Ian Hood has resigned from the insurer just two months after taking on the role and has set his sights on a move to a different sector.
Digital Literacy: Let’s get digital
It’s good to talk – but it helps if you know what you’re talking about. Insurers need to be confident in their digital innovations or risk losing out to more literate competitors.
Pro Global to invest in growth in 2015 after year of restructuring
Service provider Pro Global Insurance Solutions delivered a total group profit of £3.8m last year, compared to a £33.5m loss in 2013, following the demerger of its run-off business.
Resistance to oil shocks behind UK's ranking in global resilience index
The UK remains the 20th most resilient country in the world in terms of economic, risk and supply chain qualities, according to the latest FM Global Resilience Index.
Interview - Gilles Galludec: Learning to share
Index insurance has come of age from its humble beginnings but more knowledge sharing is required if the market is to reach its potential, according to Gilles Galludec, program manager for the World Bank’s Global Insurance Index Facility.
Koh excited by Generali Asia marketing role
Tricia Koh has been confirmed as Generali Asia's head of value proposition and marketing after joining from Allianz Global Corporate & Specialty last December.
AIG sells $500m of PICC's shares
AIG will remain the largest shareholder of China giant PICC despite selling 254m shares for $500m (£338m).
Vulnerable Customers: Protecting the vulnerable
A recent Financial Conduct Authority report found that financial companies are not meeting the needs of the more vulnerable customers in society – so what are insurers doing to help combat this?
Celebrity Endorsements: All that glitters
What happens when the actions of a company’s celebrity endorser bring a campaign to its knees?
Political Interview: Cathy Jamieson: Bringing big ideas
In the last of Post’s political interviews in the countdown to the General Election, Cathy Jamieson, Labour Shadow Financial Secretary to the Treasury, lays out her party’s aims in government.
GI complaints slightly down in second half of 2014
Complaints about general insurance fell 1% in the second half of 2014, according to the latest figures from the Financial Conduct Authority.
C-suite - Insurer: The balance of responsibility
Key changes will need to be made by insurers and brokers due to the Insurance Act 2015, says Jeremy Miles Chubb UK & Ireland manager.
Slater & Gordon deal a 'vindication' for Quindell's accounting practices
Quindell's non-executive chairman David Currie said that the sale of the claims outsourcer's professional services division "vindicates" some of the findings of a PWC investigation into the company's accounting practices.
C-suite - Insurer: It’s legal, but is it right?
The CMA’s lack of action over subrogated claims means the industry itself must act, says Adrian Furness, claims director, Covéa Insurance.
Blog: Insurance results commentary
How has the first quarter of 2015 compared with previous years in terms of financial results, understanding regulation and the role of technology?
Buying habits of millenials raise threat of conduct risk
Technology is increasingly distancing millennials from traditional purchase channels and sources of advice, research by consultancy Towers Watson has found.
Bank of Scotland to offer own-brand car insurance through Junction deal
BGL Group's affinity arm Junction has added two motor insurance propositions to the Lloyds Banking Group insurance offering including a Bank of Scotland-branded motor insurance product.