Insurer
L&G points to direct sales growth in Q1 despite 2% fall in GWP
Legal & General has attributed disciplined pricing for a 2% drop in gross written premium of £84m in the first quarter of 2014 compared to £86m in the same period last year.
Novae recruits four to agriculture team
Novae has made four appointments in its agriculture reinsurance team including Robert Solloway who will underwrite business in the Asia Pacific region.
Post magazine – 8 May 2014
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Esure reports GWP fall for Q1
Esure reported a fall in gross written premium to £123.5m in the first three months of 2014, down from £124.2m in the first quarter of 2013.
First insurer with foreign investment sets-up in Shanghai free trade zone
Insurer Sino-US MetLife has become the first Chinese insurer with foreign investment to set-up in Shanghai's fledgling free trade zone.
New Zealand regulator clears IAG's Wesfarmers deal
After several delays the New Zealand Commerce Commission has agreed to Insurance Australia Group's acquisition of Wesfarmers' Lumley insurance business.
Asia-Pacific rates declined in first quarter, says Marsh
According to international broker Marsh, insurance rates declined by as much as 25% in the first quarter of 2014 in the Asia-Pacific region.
Editor's comment: Anyone for a game of hot potato?
Most of us are familiar with the children’s party game ‘hot potato’ where players in a circle toss a small object to each other while music plays.
SRA ditches plans for introducing minimum rating criteria for PI players
Body’s plan for new minimum terms fails to convince
MIB plans PPO research after mortality rates found to be higher than expected
Figures suggest reinsurers are becoming ‘marginally more comfortable’ with PPOs
Regulators to face enforcement decision-making review
The government has launched a review of the fairness, transparency, speed and efficiency of the institutional arrangements and processes the Financial Conduct Authority and the Prudential Regulation Authority use to make enforcement decisions.
FM Global to pay out $465m membership credit
Commercial property insurer FM Global is to pay out a collective premium credit of $465m (£275m) to its clients when they renew their policies between 30 June 2014 and 29 June 2015.
C-Suite - Insurer: Insurers must be all ears
Customers say they want to feel they are being listened to during the claims process – we must take heed
Fraud Focus: Sophisticated cyber crime coming
Insurers must take the window of opportunity to develop countermeasures
Interview: Craig Thornton: Enjoying the challenge
A year into his tenure as general insurance director for Lloyds Banking Group, Craig Thornton is relishing the opportunities that lie ahead in his first general insurance-specific role
In Series: Legacy Systems: profit from partnerships
Insurers must look at their use of technology if they are to reap the benefits offered by strategic partnerships
BIA Countdown: Achievement winner reflects: Q&A with Patrick Snowball
Since their inception, the British Insurance Awards have become the unrivalled badge of excellence for the insurance sector, raising standards across the industry through their showcasing of best of breed performance and innovation.
Solvency II: It’s the final countdown
With a definitive date of 1 January 2016, Solvency II is finally set to be implemented – and insurers must make sure they are prepared
Penny Black's Insurance Week - 8 May 2014
Penny was thrilled to run into Allied World’s Julian James this week, and by the sounds of it, she was lucky to get any time with the Swiss-based firm’s European president.
Career file - David Hall: leaving Aviva for QBE
Aviva corporate and specialty risk managing director David Hall is to leave the business.
Disaster losses of $262m impact AIG profit in Q1
AIG has attributed catastrophe losses within its property and casualty businesses as a major factor in a 27% drop in profit to $1.6bn (£945m) in the first quarter of 2014 compared to $2.2bn in Q1 2013.
Catlin replaces QBE as UK General commercial capacity provider
UK General has signed a three-year capacity arrangement with Catlin Group in a deal that will see QBE replaced as a capacity provider for the managing general agent.
Grayling to review penalties for uninsured drivers
Justice secretary Chris Grayling will today unveil tougher sentences for disqualified drivers who kill and injure, with a maximum of 10 years for those who kill and four years for those who seriously injure.