Insurer
Reserve releases aid insurers in posting first profit since 2006
The UK property and casualty sector is set to post a profit for the first time since 2006, with the average combined operating ratio expected to be around 96.5% for 2013, according to Moody’s.
ABI warns BoE capital raising will drive up insurance costs
The Association of British Insurers has criticised the Bank of England over its plans to raise capital levels in financial institutions saying it will drive up the cost of insurance.
Paymentshield hires former Co-op commercial director
Towergate has appointed Lee Mooney to the new role of product, marketing and proposition director for Paymentshield.
RUP appoints Axa's Mansell as commercial motor underwriter
RUP Commercial Risks has appointed Axa senior motor fleet underwriter Spencer Mansell as commercial motor underwriter.
Axa bidding for Polish insurance unit, claim reports
Axa has offered between 500m PLN (£94m) and 600m PLN (£113m) for the insurance arm of MBank in Poland, according to reports.
Colahan to leave RSA for Berkshire Hathaway in Australia
Post understands Chris Colahan, CEO RSA Asia, is leaving the company to oversee a new operation for Berkshire Hathaway in Australia.
Indian select committee meets as South African firm readies investment
The long awaited insurance reforms in India have potentially moved a step closer with the first meeting of a new select committee.
Arsonist jailed following fraudulent £2m Allianz claim
Business owner Justin Hindry has been jailed for six years after he burnt down his showroom in a bid to fraudulently claim more than £2m from Allianz Insurance.
Blog: From Bowring to General Accident to AIG, insurance brands reborn
Over the last week we have seen two insurance brands of days gone past given a new lease of life.
Octo MD hails Insure the Box partnership extension
Octo Telematics hopes to capitalise on the broadening pool of telematics users, following the extension of its partnership with Insure the Box, according to managing director Martin Williams.
Godwin promoted to COO as AIG reshapes UK executive committee
AIG has confirmed the appointment of UK and Ireland senior claims officer for property and casualty Geoff Godwin to the role of UK chief operating officer.
International: The state of piracy
With the nature of the piracy threat constantly evolving, John Thompson looks at the role of private maritime security companies in mitigating the risk
Co-op Insurance plummets to ‘disappointing’ £7m loss
The Co-operative Insurance has swung to a £7m loss for the first half of 2014, performance described as “disappointing” by chief executive Mark Summerfield.
Google research shows 47% of motor sites failing on smartphones
47% of UK motor insurance websites are failing to offer a positive experience for consumers using smartphones, according to a white paper published by Google.
Footman James partners with Chubb on classic car cover
Towergate-owned Footman James has partnered with Chubb Insurance giving its classic car customers access to the insurer's products and services.
DLG joins FTSE 100
Direct Line Group has joined the FTSE 100 Index, FTSE Group has confirmed.
UK insurers risk losing customers because of poor mobile interfaces
Only 53% of UK insurer websites are deemed to present a positive experience on smartphone, according to research conducted by Google, Nielsen and GfK.
Axa to merge claims operations into one unit for start of 2015
Axa has informed staff of plans to merge its commercial lines and personal intermediary claims organisation and its personal direct and partnerships counterpart into a single claims unit by 1 January next year.
L&G engaging with Unite amid threat of industrial action over job cuts
Legal & General has vowed to work closely with Unite following suggestions by union chiefs that they may pursue industrial action following the insurance company’s decision to close its Ipswich office.
Oval International snapped up by Kaufman Financial Group
HW Kaufman Financial Group has bought Lloyd's broker Oval International which is to return to its original name, Lochain Patrick.
Post magazine – 4 September 2014
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
Insure the Box extends Octo supplier contract by two years
Octo Telematics has extended its partnership with Insure the Box in an agreement that will see Octo supply black box telematics technology for another two years.
L&G relocating to Birmingham and Hove after Ipswich closure
Legal & General has confirmed it will close its Ipswich office following the decision to create a single claims operation based in Birmingham and move all Ipswich customer service operations to Hove.
Catlin replaces RSA as Touchstone capacity provider
Seventeen Group subsidiary Touchstone Underwriting is replacing RSA with Catlin on its list of capacity providers.