Insurer
RSA promotes Price to exec committee
RSA has handed group chief information officer Darren Price a seat on its group executive committee, pending regulatory approval.
Water Bill handed Royal Assent
The Water Bill has completed the final stage in passing into law, bringing with it the official introduction of the Flood Re scheme.
Zurich UK GI profit falls 37% on flood losses
Zurich has seen its UK business operating profit fall by more than a third off the back of flooding over the first three months of the year.
Tulloch rules out ‘major’ UK cost reductions as Aviva GI book shrinks
Aviva UK general insurance chief executive Maurice Tulloch has said the firm has no plans for ‘major’ reductions in cost to counteract an 8% fall in net written premium recorded for Q1.
Aviva UK GI premiums shrink 8% as COR worsens
Aviva has seen its UK general insurance book shrink 8% in Q1 on a year on year basis, while underwriting performance has also worsened.
Zurich sees Q1 global premiums inch upwards
Zurich's gross written premiums and profits showed marginal progress for Q1 2014.
Hong Kong issues Vietnam travel warning
Following riots targeted at Chinese businesses, the Hong Kong government has raised a red warning (raised from amber) for travel to Vietnam.
Biba 2014: Markerstudy introduces ‘Fred’ windscreen device
Markerstudy has pulled back the wraps on a new device to provide rapid information on behalf of policyholders in the case of emergencies and breakdowns.
Biba 2014: RSA unveils One Global offering
RSA has revealed a new packaged product for UK businesses with presence in up to 10 other countries, branded One Global.
Mike Dodd return and SSP deal signal broker push for Digital Animal
Digital Animal has appointed Mike Dodd to its financial services team, in a move that has seen him reunited with his former employer SSP after the two businesses announced a strategic partnership.
Novae boosted by UK liability cover for Q1
Improved performance in its UK general liability book helped Novae record an overall increase of 5.7% in gross written premiums for Q1.
Allianz 'bang on' for revenue goals despite Q1 results: Dye
Allianz UK chief executive Jon Dye told Post the firm was "absolutely overall where we want to be" despite a 46% fall pre-tax profits to £24.7m for the first quarter of 2014.
Storms may not hit full year figures, says Ageas’ Watson
The surges of winter storm and flood claims which drove Ageas into reporting a Q1 loss this morning may be immaterial to full year results according to UK chief executive Andy Watson.
Post magazine – 15 May 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.
Allianz pre-tax profits halved to £24.7m by weather losses
Allianz UK has seen its Q1 performance hit by weather losses but maintained a positive result, reporting a pre-tax profit of £24.7m, down 47% from £46.8m in 2013.
Editor's comment: One year on, what’s changed?
Twelve months ago at the 2013 British Insurance Brokers’ Association conference, Financial Conduct Authority chief executive Martin Wheatley used his keynote speech to tell the market the regulator would be taking “early and decisive action” against…
Care home rates skyrocket as firms seek to limit exposure after Savile scandal
RSA among insurers demanding increased premiums amid claims surge fears
Admiral grows customer base but turnover droops
Admiral has reported an expanded number of total group customers at the end of Q1, but noted that group turnover has fallen by 7% to £514m (2013 Q1: £551m)
Storms push Ageas to £4.6m Q1 loss
Storm and flood losses damaged Ageas’ financial performance in Q1, with the insurer swinging to a £4.6m loss.
Biba 2014: Brokers to be briefed on add-on products by Axa Assistance
Axa Assistance will provide brokers with regular customer research findings on the sale of add-on products along with updated product information, a review of policy wordings and clearly defined customer benefits.
Catlin's GWP increased 9.3% in first quarter
Gross written premiums at insurer Catlin climbed 9.3% in the first quarter of 2014 to $2.01bn compared to $1.84bn in Q1 2013.
FIFA extends World Cup injury insurance
FIFA has extended its insurance coverage for players on national team duty that are injured before its squad deadline date of 26 May.
Ace launches mobile app for web trading platform
Ace has launched a mobile ipad app for its web-trading platform, Ace Online, which allows brokers to quote and bind new business on behalf of clients.
Whiplash reform consultation criticised for being ‘vague’ and ‘watered down’
Fixed fees for medical reports among areas of concern for stakeholders