Insurer
Dye confident Allianz will return to retail profitability for full year
Allianz UK CEO Jon Dye has stressed that the insurer still plans to return to underwriting profitability for its retail business in its full year results, despite notching a 100.2% combined operating ratio for the first nine months of the year.
Blog: Diff'rent strokes to move the world (of insurance)
As a popular 1970s/80s US sitcom noted: ‘the world don't move to the beat of just one drum; what might be right for you, may not be right for some' - a theme tune that is as relevant to insurance markets as it is in the wider world.
Blog: Lessons from past marine claims
Professor James F Lygate of IFIC Forensics takes a look back at maritime disasters of the past to learn lessons for the future
Allianz UK nine-month profit down £10m despite GWP improvement
Allianz has reported pre-tax profits down 9% at £117.2m in spite of gross written premiums increasing by £181m.
Equinox Global adds Amlin and The Channel Syndicate to panel
Lloyd’s coverholder Equinox Global has increased the number of carriers on its binder panel to nine after welcoming Amlin and The Channel Syndicate.
Q&A video: Crif Decision Solutions director Sara Costantini
Personal injury claims have been in the spotlight recently because they are one of the key areas to have been targeted by fraudsters.
Admiral Q3 turnover drops despite 10% increase in customer numbers
Admiral has seen group turnover decrease 3% to £513m in spite of a 10% increase in the insurer’s total number of customers, which reached 4.03m in Q3.
IWDC14: Mapfre direct business 'on the right path' following DLG deal
Mapfre global direct insurance managing director Jose Luis Bernal has credited the acquisition of Direct Line Group’s German and Italian businesses with helping put his firm’s direct proposition “on the right path”.
RSA continuing UK motor withdrawal
RSA is continuing a drive to shrink its UK motor business, according to UK commercial lines managing director John Hancock, who told Post the insurer is constantly evaluating its pricing strategy.
Ferma calls for IBER renewal
The Federation of European Risk Management Associations has called for renewal of the Insurance Block Exemption Regulation for insurance and reinsurance pools.
71% of people say insurers use of social media unfair to check claims
Only 29% of insurance customers think it is fair for insurance companies to use social media posts to check the validity of claims, research from Consumer Intelligence shows.
Experian and Confused partner on fraud detection offering
Experian is to work with aggregator Confused.com to offer insurers the ability to understand fraud risk at the point of quote, Post can reveal.
Markel sees income fall in Q3 but remains up over nine months
Markel International reported comprehensive income to shareholders of $36.5m for the third quarter of 2014, down from $144.4m (£22.8m) for the same period of 2013.
IWDC14: Commissions and Solvency II on Spanish regulator's agenda
Fees and commissions feature prominently on the Spanish insurance and pensions regulator’s agenda, despite a significant focus being placed on the transposition of Solvency II.
Europe: Ireland update
David Worsfold takes a look at how the recovery of the Irish economy, as well as challenges such as regulation from Europe, is affecting Irish insurers and brokers
IWDC14: Acquisition boom predicted as insurers look to bolster digital strategies
Digital start-up companies, telematics providers and aggregators are being increasingly targeted for acquisition by insurers that are planning to establish a stronger foothold within the evolving digital environment.
Davies Group appoints new head of subsidence
Loss adjusting firm Davies Group has appointed Greville Marchant as associate director and head of Davies subsidence and surveying.
Pool Re members urged to back amended retrocession deal
An extraordinary general meeting has been convened for members of government-backed terrorism facility Pool Re, following news that HM Treasury plans to amend the terms of its retrocession agreement.
Beazley premiums remain flat, despite 1% rate reductions
Specialist insurer Beazley has maintained premium levels after the first nine months of the year, despite noting continued pressure of rates.
Zurich UK profits up 19% in first nine months
Zurich’s UK general insurance business posted a 19% increase in business operating profit to £136m for the first three quarters of 2014, compared with £114m for the same period in 2013. Gross written premiums rose 2% on the first three quarters of 2013…
RSA notes ‘weak’ underwriting performance as premiums fall 9%
RSA has noted “weak” overall underwriting performance in Q3, with UK loss ratios coming in at higher than expected levels.
Heap returns to Equitas as CEO
Jeremy Heap has been appointed CEO of Equitas which manages the run off of the general insurance arm of the Lloyd's Names.
Spaven's broker role expands at AIG to South East Asia
AIG has expanded Scott Spaven's Singapore head of broker client management role to include South East Asia.
Zurich's global Q3 profits fall 6%
Zurich's global profits in Q3 2014 fell 6% compared to Q3 2013, however the insurer's overall profits are up so far this year.