Insurer
MGA Century opens Chelmsford office
Managing general agent Century Underwriting has opened a Chelmsford office alongside the transfer of its policy administration in house.
Cold-calling and claims regulation on taskforce agenda
Cold-calling and the regulation of the claims sector are two further areas to come under the microscope of the government fraud taskforce.
FM Global reports 79.4% COR for 2014
FM Global reported a combined ratio of 79.4% in 2014 alongside a 2% increase in net premiums to $3.6bn (£2.3bn).
Quindell review 'taking longer than originally anticipated'
Quindell has told investors that an independent review into its main accounting policies, certain strategic decisions and cash generation policies for 2015 is taking longer than originally thought.
Insurance fraudsters given community orders
A married couple have been given community orders and a legal curfew after pleading guilty to two counts of false representation in an attempt to con insurers RSA and Legal and General.
Q&A: Allianz Asia-Pacific CEO
Post speaks to Allianz's Asia-Pacific regional CEO George Sartorel.
FCA whistleblowing proposals to cost large firms £280,000
A Financial Conduct Authority consultation that would require insurers to implement formal whistleblowing procedures has an indicative annual cost of £280,000 for large firms.
Lewis rules out motor market exit for RSA in the current climate
RSA's UK CEO Steve Lewis has confirmed the insurer's commitment to the motor sector.
Landmark judgment on credit hire sees court adopt “lowest reasonable rate” approach
A Court of Appeal’s judgment today has been hailed as a major breakthrough for insurers, putting a stop to the inflated rates that credit hire organisations have been allowed to charge in recent years.
Allianz sees property and casualty GWP grow 3.7% in 2014
Allianz Group saw gross written premiums for its property and casualty segment increase 3.7% to €48.32bn in 2014, driven by strong growth in its global insurance lines and the UK business segments.
Q&A: Ash Roots, director of digital at Direct Line Group
Ash Roots has been director of digital at Direct Line Group since joining the insurer from Three UK just over two years ago. Since then, he has built an in-house digital services team and led the successful launches of new apps and consumer websites. He…
CFO Richard Houghton to leave RSA
RSA's group chief financial officer Richard Houghton will stand down from the board of directors in May the insurer has confirmed.
Insurance sector needs 'reinvention' according to customer survey
The insurance sector must "reinvent" itself to catch up with the demands of modern consumers, specifically those members of the technology savvy Generation Y, according to a report from Capgemini.
Xchanging sees flat results for operating profit for 2014
Xchanging has posted 0.5% rise in operating profit for the full year 2014, according to its latest results.
Video - Expertise from A-Z: Stephanie Ogden, Allianz
Despite companies being reportedly twice as likely to have a directors’ and officers’ claims as a property one, D&O is still proving a hard sell for many brokers, especially in the SME space.
Charles Taylor agrees deal to buy The Strike Club
Charles Taylor has announced that it has entered into an agreement to acquire three of the operating companies of SC Management, the independent, dedicated management companies of The Strike Club.
RSA returns to profit and targets further cost savings
RSA has posted a pre-tax profit of £275m, compared to the £244m loss it reported in 2013.
Asian insurers should invest in market disruption, says Towers Watson
Consultancy Towers Watson is urging insurers in Asia to become a market disruptor before being disrupted.
Staysure stung with £175,000 ICO fine
Travel insurer Staysure has been fined £175,000 by the Information Commissioner's Office after IT security failings allowed hackers to access customer records.
Evans declares Axa five-year turnaround plan 'job done'
Axa UK and Ireland CEO Paul Evans has described the five year turnaround plan unveiled in 2011 as “job done” a year ahead of schedule.
Blog: Putting your life in 'smart' hands
As consumers ride the new wave of 'smart' technology and eagerly await the arrival of the Apple Watch, insurers may be watching with some trepidation.
Blog: ERRA Update - Scotland poised to reverse the impact of s69?
The Enterprise and Regulatory Reform Act 2013 came into effect over a year ago. Brodies solicitor David Hennessy looks at the Act's impact and a bill proposed to reverse its effects
Covéa confirms acquisition of Sterling
Covéa’s acquisition of Sterling has been given the green light by the Prudential Regulation Authority.
Post magazine – 26 February 2015
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