Insurer
Video: Allianz Retail general manager Neil Brettell
Katie Marriner speaks with Allianz Retail general manager Neil Brettell about the key issues facing the industry.
Ryanair to remove ‘hidden’ opt out from travel insurance menu
No-frills airliner Ryanair will replace the ‘confusing’ travel insurance menu of its website by the end of the year, following pressure from consumer champion Which?
Fosun's insurance assets make modest profits in first half
Chinese conglomerate Fosun's insurance revenues climbed 8,294% over the last year in the first six months of 2014.
Allied World to double Asia book
Allied World's premiums in Asia will more than double when the RSA's Hong Kong and Singapore books are integrated.
R&Q faces large legal expenses from syndicate 102 dispute
The ongoing cost of a "significant" legal dispute on old syndicate 102 and several accounting technicalities were to blame for Randall & Quilter positing a loss in the first half of 2014, according to chairman and chief executive Ken Randall.
Flood Re exclusion a possibility for independent Scotland
An independent Scotland could be faced with the prospect of identifying an alternative to the Flood Re scheme established between the UK government and the Association of British Insurers, according to research carried out by Standard & Poor’s.
AGCS Re Brazil opens for business in Peru
Allianz Global Corporate & Specialty Resseguros Brazil is expanding its South American business by providing reinsurance solutions in Peru.
DLG likely to win promotion to FTSE 100
Direct Line Group could win promotion to the FTSE 100 in the next quarterly reshuffle with drink can maker Rexam and construction firm Barratt Developments at risk of dropping out of the London Stock Exchange’s top tier.
R&Q posts pre-tax loss of £600 000 for H1
Insurance investor and underwriting manager Randall & Quilter posted a pre-tax loss of £600 000 for the first six months of 2014 (H1 2013: £3m profit) following an increase in legal expense reserves.
Allianz hampered by strong euro in Asia-Pacific
Allianz profits and revenues were flat in the first half in Asia-Pacific as the strong euro impacted the German insurer.
Indonesia considering foreign investment allowance reduction
Foreign allowance of 80% ownership under threat in Indonesia.
57% of motorists unaware of overseas vehicle protection
A month long survey of 402 Auto Windscreens customers has found that more than half do not know if their vehicle would be covered for travel abroad.
Mastek UK appoints Khanolkar to lead insurance and financial services
Global enterprise application specialist Mastek UK has appointed Vidyesh Khanolkar as head of insurance and financial services division.
Government on course to introduce RPA despite industry debate
The Department for Education is pushing ahead with plans to introduce a risk pooling arrangement for academies and free schools on 1 September despite vociferous opposition from within the insurance industry.
Share and share alike?
With the 'sharing economy', a form of peer-to-peer lending, gaining traction in the US, what would be the impact on UK insurers if the same occurred here?
Blog: Five incidents that rocked Quindell's share price
Promising half year financial results from Quindell this week - in which revenue increased 119% to £357.3m off the back of organic growth and a 15:1 share consolidation aided a 292% rise in pre-tax profits to £153.7m – came as a timely boon for the…
Investment of £165m reduces flood risk for 6700 Welsh properties
Multimillion pound investment in resources to reduce the flood risk to thousands of homes in Wales since November 2011 has led to a reduced risk for approximately 6700 properties.
Allied World buys RSA's Hong Kong and Singapore operations
Allied World Assurance has reached an agreement to acquire the Hong Kong and Singapore operations of RSA for approximately $215m (£130m).
Europe: Climate change modelling
The question of whether climate change is driving an increase in the severity of weather events is a key concern for insurers. How can modelling systems keep up?
NHS to foot the bill for negligence claims against private firm
Complications following a number of cataract operations carried out on NHS patients by mobile theatre provider Vanguard Healthcare has again raised questions about the indemnity arrangements of private healthcare firms taking on NHS work.
Ex-British Gas MD becomes Aviva's first chief digital officer
Aviva has hired former British Gas commercial and product development managing director Andrew Brem as chief digital officer.
LV Broker appoints Blanchard as account manager
LV Broker has appointed Alex Blanchard as strategic account manager for personal lines accounts including Swinton, A-Plan, Coversure and Esure.
Aegis London recruits two cyber security experts
Aegis London has recruited two cyber security experts from the defence sector to assist with its cyber offering.