Insurer
Beazley issues positive 2012 forecast on Lloyd's syndicates
Beazley has issued a promising forecast on what it expects its return on equity to be for two of its Lloyd’s syndicates in the 2012 underwriting year.
DAS adds to broker sales team with internal promotion
Legal expenses insurer DAS, has promoted Kelly Macha to a new role as broker account manager covering firms in South Wales, Gloucestershire, Wiltshire and Oxfordshire.
Gallagher pens five year SME partnership with Lloyds Bank
Arthur J Gallagher has secured a five year exclusive partnership with Lloyds Bank to provide insurance solutions to its portfolio of small business customers.
QBE Europe insurance profits crash 41% for 2013
QBE Europe has seen its pre-tax insurance profits almost half for the last calendar year, dropping 41% from $327m to 2012.
Cigna partners in India with TTK
US health insurer Cigna has entered into a health insurance joint venture with Indian conglomerate TTK Group. The new venture is to be called Cigna TTK.
QBE's results 'well short of expectations', says chairman
QBE has succumbed to a loss of $254m (A$281m) for the full year 2013 compared to a net profit of $761m in 2012.
QBE appoints head of underwriting, Asia-Pacific
QBE Asia-Pacific has promoted Todd Wilhelm to the role of head of underwriting.
MGAA appoints three new members to board
The Managing General Agents' Association elected three new members to its board at its annual general meeting on Monday.
Flood grant could give rise to rogue trading, claims Trust Mark
Insurers are being advised to liaise with loss adjusters and local authorities to ensure flood-hit homeowners do not get ripped off by rogue trades when using the government’s £5000 repair and renewal grant.
Masojada urges changes to 'flawed' Flood Re scheme
Hiscox chief executive Bronek Masojada has heaped further criticism on the government’s “flawed” Flood Re scheme following the firm's full year 2013 results.
Hiscox 2013 profits jump £27m
Hiscox has reported a £27m improvement in its profits for the full year of 2013, in spite of drooping results in London and minimal improvement in the wider UK market.
RSA admits weighing rights issue plans
RSA has admitted it is weighing plans to strengthen its balances sheet through a rights issue, but stressed that no final decision has been made.
IAG performed strongly in first half
Insurance Australia Group lifted its first half net profit to 31 December 2013 by 39.3% to A$642m (£346.5m) over the same period in 2012.
Lowered credit hire costs remain 'unacceptable' says ABI
The impact of credit hire on motor premiums remains unacceptable according to the Association of British Insurers, in spite of revised figures being issued by the Competition Commission this week.
Flooding and drying - busting the myths
by Alan Dobson, director environmental claims division at QuestGates
Insurers care and so do the buyers of insurance
by Edwin Bos, vice president innovation, Reevoo
Axa UK on track for 96% COR by 2015, claims CEO Evans
Axa UK and Ireland group chief executive Paul Evans is confident the business will achieve a combined operating ratio of 96% by 2015 after pointing to an improving motor COR of 99.1% as an indication transformation plans are paying off.
Axa’s global P&C revenues up 2%
Axa has seen group-wide revenues for its property and casualty business increase 2% in figures for 2013.
DAS UK appoints Percy as chief actuary
Legal expenses insurer, DAS UK, has appointed Richard Percy as chief actuary, with effect from 10 February 2014.
Haven joins Insurance Fraud Bureau
Gibraltar-based specialty motor insurer Haven has become the latest insurer to join the Insurance Fraud Bureau.
RSA partners with Caravan Guard on fifth wheel cover
Caravan Guard has responded to an increase in fifth wheel caravan enquiries by extending its portfolio to include the niche cover.
Skuld records 13% premium growth following P&I renewals
Skuld has achieved 13% premium growth following protection and indemnity renewals completed yesterday.
Business transformation bearing fruit as Axa UK GI COR dips below 100%
Axa UK and Ireland’s general insurance business recorded a combined operating ratio of 98.9% in 2013, despite reserve strengthening contributing 0.8 percentage points and a reduction in revenues to £3.7bn (2012: £3.8bn).