Insurer
Aviva safeguards staff pensions with record longevity deal
Aviva has moved to protect its UK staff pensions with a record breaking £5bn longevity transaction.
Pet insurance register would collar fraudsters says Aquarium
A leading provider of insurance fraud software has called for a national register on pet insurance and claims in order to tackle growing numbers of frauds.
RSA promotes Lowther to UK & Western Europe CFO
RSA has named emerging markets chief financial officer Sean Lowther as the new CFO for UK and Western Europe.
Untraced meso scheme payments up £8k
Mesothelioma sufferers unable to trace their employer at the time of exposure are now set to gain boosted settlements, according to the Department for Work and Pensions.
Gallagher Bassett wins mesothelioma payment scheme contract
The appointment of scheme administrators for the Diffuse Mesothelioma Payment Scheme has been awarded to Gallagher Bassett International.
Ascot profits down 14% for 2013
AIG-backed Ascot Underwriting has announced profits down 14% for 2013.
Aviva internal debt plans hailed by analysts
Aviva’s agreement to reduce the balance of an internal loan to £2.2bn by the end of 2015 has won the approval of analysts, who describe the move as “hugely significant”.
Biba and Ageas sign three-year conference sponsorship deal
The British Insurance Brokers' Association has signed a three-year partnership deal for conference sponsorship with Ageas.
Allianz strengthens marine team with senior underwriter appointment
Allianz Global Corporate & Specialty has appointed Simon Hudson as senior marine liability underwriter.
Axa appoints RSA's Bromfield as Bristol branch manager
Axa has appointed Ian Bromfield as Bristol branch manager as part of plans to establish the operation as a full underwriting branch
All change in Europe
The European guard is changing, and by the end of the year the UK insurance industry could find the European Parliament and Commission rather harder places to press its case than previously.
Aviva reverses loss with £2.15bn profit but UK profit falls
Aviva delivered a post-tax profit of £2.15bn for 2013, reversing the loss of £2.93bn recorded in 2012.
Aviva Asia CEO hails strong growth
Aviva Asia delivered an increase of 52% in operating profit to £97m ($152m) over the course of 2013.
Zurich brand to disappear from comparison sites
Zurich-branded home and motor insurance products will no longer be offered on aggregator sites, the insurer announced today.
Allianz approved for ABS with Serious Law
Allianz has been granted an Alternative Business Structure licence, and will launch a partnership with catastrophic personal injury specialists Serious Law.
L&G under no pressure to raise property rates, claims GI boss
L&G general insurance director Mark Holweger claims his firm’s positive 2013 results has reduced the likelihood of increasing property rates over the coming year.
Carole Nash launches home insurance policy
Carole Nash has launched a home insurance policy for motorcycle owners with provision of secure storage for bikes if a policyholder’s home is rendered uninhabitable through a claim.
Admiral remaining vigilant after Aviva data breach
Admiral has said it is actively working with claims teams to mitigate the risk of a potential data breach after Aviva sacked two employees for giving customer data to claims farming companies.
S&P upgrades LV outlook to reflect improved capital position
LV has seen its outlook boosted from ‘stable’ to ‘positive’ by ratings agency Standard & Poor’s.
L&G GI business trims 2013 COR to 84% but flood losses loom
Legal & General’s general insurance business recorded an improved combined operating ratio for 2013 of 84% (2012: 95%), while premiums were up 7% to £375m.
Gable enters Swedish market
Gable Holdings has expanded its business into Sweden providing commercial combined products in the education and retail property sectors.
Admiral records 7% profit growth as reserve releases soar
Admiral Group today posted a 2013 pre-tax profit of £370m, a 7% increase on its 2012 result, in a year group chief executive Henry Engelhardt called a “baked potato”.
Concerns remain despite RSA CEO Hester unveiling strategic action plan
S&P upgrades insurer to ‘A’ as boss pledges to transform firm’s fortunes.
2013 results: insurers’ CORs boosted by benign weather but RSA takes £244m hit
Insurers’ full‑year results were bolstered by largely benign weather conditions last year as many firms sacrificed market share in motor and home segments to retain profitability.