Insurer
Career Development: Insurer’s learning programme recognised by Chartered Insurance Institute
RSA’s Learning Labs programme had received accreditation by the Chartered Insurance Institute.
Career file: Lovett named new Group Risk Development chair
Group Risk Development, the trade body for the group risk industry, has appointed Lee Lovett as its new chairman.
Insurers advised to cut FOS complaints by avoiding technical jargon
The number of consumer complaints lodged against general insurers with the Financial Ombudsman Service can be reduced by cutting down on the extent of technical jargon in responses to policyholders, according to compliance experts.
Market Moves - 5 March 2015
All the latest job moves in the insurance market.
Solvency II NEDs told to ‘up their game' in face of increased regulation
The risk of a decreased talent pool has been highlighted by market players as a potential ramification of “onerous” regulation targeting non-executive directors at Solvency II insurance companies.
Money Supermarket 2014 insurance revenue grows 8%
Money Supermarket's insurance division has seen an 8% rise in revenue to £138m for the year ended 31 December 2014.
DLG hits all four 2014 targets despite reduced motor profits
A £50.6m year-on-year reduction in operating profit from ongoing operations within Direct Line Group’s motor business was the main driver behind a marginal dip in the insurer’s group-wide operating profit for 2014.
TSC report expected to call for greater focus on telematics
The drive to improve road safety is in danger of running off course as a result of the government’s failure to introduce a strategic plan to exploit emerging technologies, a parliamentary report will warn this week.
MA Group launches high value property repairs service
Cipher UK, a new national property repairs service for insurers has been launched today (2 March) by the MA Group, specialising in complex and high value repairs up to £500,000.
IUA calls for innovative emerging risks cover
The board of the International Underwriting Association has discussed the challenges of providing cover for emerging risks at a recent meeting with risk managers association Airmic.
Hiscox UK and Europe delivers record profits in 2014
Hiscox chairman Robert Childs has heralded his firm’s “discipline” in underwriting and within its investment portfolio after posting a marginal reduction in group pre-tax profit for 2014 of £231.1m (FY 2013: £244.5m).
RSA disposals impacted by staff pension liabilities
RSA is reportedly turned-off the prospect of a break-up of the company due to large amounts of sale proceeds having to be allocated to staff retirement schemes.
Axa picks Applied to distribute online SME products
Axa Commercial Lines and Personal Intermediary has partnered with software provider Applied Systems to distribute its online SME products.
Laurent Josi starts as CEO Axa Asia
Jean-Louis Laurent Josi has started his role as CEO of Axa Asia in Hong Kong this week.
Webinar - The data difference: How analytics can help insurers maximise customer value
In a market as competitive as general insurance, it is imperative that companies have as accurate a view of their policyholders or prospective customers as possible.
Amlin profits hit by reduced reserve releases and investment return
A combination of condensed reserve releases and a dip in investment return last year has been blamed for a £67m fall in profit before tax at Amlin.
Randall & Quilter and Hiscox disagree on Synergy terms
The deal between Randall & Quilter and Hiscox over R&Q's managing general agent Synergy Insurance has fallen through after not agreeing "mutually acceptable terms".
Former AIG and MetLife CEO Benmosche passes away
Robert Benmosche, former CEO and president of AIG, has passed away at the age of 70 after suffering from lung cancer.
5 things we didn't know this time last week
It's been a busy week in the news with Towergate and Gallagher swapping staff and insurers puffing out their chests to reveal their results so you might be forgiven for missing other news that has happened this week.
Ambant to extend MGA offering following Heritage investment
Guernsey-based Heritage Group has acquired a 33% stake in managing general agent launch specialist Ambant Underwriting Services.
Prosight authorised to launch managing agency at Lloyd's
Prosight Specialty Insurance has received final authorisation from Lloyd’s, the Prudential Regulation Authority and the Financial Conduct Authority for its own Lloyd’s managing agent to manage Prosight’s Syndicate 1110 at Lloyd’s.
Laspo 'unwinding' will impact motor rates, claims Dye
The long-term success of the Legal Aid, Sentencing and Punishment of Offenders Act 2012 could be in doubt, with signs showing an “unwinding” of the reforms designed to tackle motor claims inflation, according to Allianz UK CEO Jon Dye.
Lloyds Bank GI profits hit by early 2014 storm claims
The impact of storm claims in the first quarter of 2014 and the continued run-off of legacy books resulted in Lloyds Banking Group posting a £41m drop in underlying profit for its general insurance business last year.
NFU Mutual names Vizion as approved repair network manager
Rural insurer NFU Mutual has selected Vizion as its approved repairer network manager for the next three years.