Insurer
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.
Lancashire appoints Gregory as UK CEO
Lancashire Holdings group chief underwriting officer Paul Gregory has been appointed chief executive of Lancashire Insurance Company (UK).
Hiscox grows GWP by 2.3% in Q1
Hiscox grew gross written premiums by 2.3% in local currency, with a small decrease in sterling to £501.6m (2013: £506.1m) in the first quarter of 2014, as it continued to shrink its reinsurance book.
White House to warn climate change is already here
The National Climate Assessment, a report compiled by 300 leading scientists and experts, is set to reveal the US is already suffering from the affects of climate change.
SRA to launch minimum terms consultation
The Solicitors Regulation Authority will launch a consultation next week on whether the minimum terms for solicitors' professional indemnity should be revised.
RSA appoints Coffey as MD of private client division
RSA has appointed Mark Coffey as managing director of its private client division.
Spencer launches broadside against insurers in first speech as Apil president
John Spencer warned insurers that the personal injury fraternity “will not roll over and give up” in a combative first speech as president of the Association of Personal Injury Lawyers.
Direct Line inks £1.2m deal for Trak M8 self-install telematics
AIM-listed telematics provider Trak M8 has completed a deal to provide all self-install telematics devices to Direct Line Group.
Telematics to improve motor profitability, claims Fitch report
Telematics devices are likely to improve the profitability of motor insurers by assisting in the better pricing of risks, according to Fitch Ratings.
DLG points to competitive conditions after GWP drop in Q1
Direct Line Group has attributed competitive market conditions in UK personal lines for a 5.1% slide in gross written premium in the first quarter of the year compared with Q1 2013.
Sompo Japan completes acquisition of Canopius
NKSJ Holdings subsidiary Sompo Japan Insurance has completed its acquisition of Canopius after all necessary regulatory approvals for the transaction were obtained.
MP tables early day motion praising Esure and Thatcham for AEB efforts
Esure and Thatcham Research were praised for efforts towards raising publicity around autonomous emergency braking systems in an early day motion tabled at Westminster yesterday.
ING offered €1.275bn of funding before insurance IPO
Dutch financial services firm ING Group has secured €1.275bn of funding in its European and Japanese insurance division NN Group from three Asian investors.
Insurance fraud tipped to rise amid tough economic conditions
The current economic climate is expected to lead to an increase in the number of consumers willing to commit insurance fraud, according to a You Gov survey commissioned by Equifax.
David Hall to leave Aviva for QBE
Aviva corporate and specialty risk managing director David Hall is to leave the business.