Insurer
Zurich sees operating profit up 15% and premiums fall 4%
Zurich's global operating profit climbed 15% in 2013 helped by a significant improvement in its general insurance combined operating ratio.
KPMG warns of long-term flood impact
The economic impact of the recent flooding could be felt for at least two to three years, KPMG has warned.
Tulloch to kick-start flood funding talks after visiting policyholders
Aviva UK chief executive Maurice Tulloch has played down suggestions the insurer should channel funds earmarked for UK infrastructure investment into improving flood defences, but has vowed to act as a facilitator for industry talks with government on…
ABI remains staunch on Flood Re exclusions stance
Association of British Insurers property head Aidan Kerr has dismissed claims that leasehold properties are excluded from Flood Re because of issues with insurers’ computer systems.
Corpore makes two amputation case manager hires
Rehabilitation services provider Corpore has appointed two new amputee case managers to its catastrophic and specialist services team.
Covéa recruits former RSA, Zurich, Axa underwriters
Covéa has recruited three senior underwriters from rival insurers in a bid to bolster its commercial lines unit.
Allianz takes 8.3% Bayern Munich stake
Allianz has agreed a deal for an 8.33% stake in Bayern Munich football club in a deal worth €110m.
Telematics: Asian appetite
The sophisticated use of data and technology are becoming necessities for insurers globally. Andrew Tjaardstra investigates how the insurance telematics market might develop in Asia over the next five years
Admiral extends reinsurance deals to 2016
Admiral has added an additional year to reinsurance partnerships with Hannover Re, Mapfre Re, New Re and Swiss Re, extending contracts to 2016.
Insurers urged to direct infrastructure investment into flood defences
MP’s suggestion comes as PWC warns recent flooding could cost sector £500m.
Editor's comment: RSA's big signing
Its competitors were mentally selling off its books of business, the rating agencies were all poised for a downgrade and its shareholders were not planning on dining out on their investment any time soon.
Hester tipped to take advantage of lack of industry experience
Former RBS boss will not be afraid of ‘difficult decisions’
Claimant solicitors demand FCA probe into hidden motor insurance profits
Thompsons accuses Axa and Aviva in submission to Transport Select Committee.
DLG's Maddock replaces Morris as MIB chairman
The Motor Insurers Bureau has named Direct Line Group claims and business services managing director Steve Maddock as its next chairman.
ANV promotes Thorpe to lead syndicates’ claims team
Dutch-headquartered insurer ANV Holdings has promoted Jonathan Thorpe to lead a unified claims team for its syndicates 1861, 5820 and 779.
Market Moves - 13 February 2014
The movers and shakers in the insurance industry this week.
Penny Black's Insurance Week - 13 February 2014
After insurers appeared on The Voice, we didn’t have to wait long for more industry representation on the small screen – but Penny isn’t sure anyone expected to see a London market member on ITV dating show Take Me Out.
Penny Speed meets... Rob Smale, claims director, Ageas
Being an insatiable socialite, Penny Black is always eager to probe the personalities behind the professional veneer of her industry friends. What better way to squeeze in and share as many intimate revelations as possible than her very own ‘speed…
Tickets.com partners with Allianz Global Assistance UK on missed event product
Tickets.com has partnered with Allianz Global Assistance UK to offer missed event insurance to its more than 300 UK venues through its partners ticketing platforms.
Legal Update: Qualified one-way costs shifting and pre-April 2013 questions answered
Kelly Matthews explains qualified one-way costs shifting, which was implemented by the Jackson reforms.
Regional Review: Gibraltar
Gibraltar’s insurance industry has had a rocky 18 months. The high-profile failure of unrated passporting insurer Lemma, followed in quick succession by domestic players Hill and Devert, brought unwanted scrutiny to the domicile, which has worked hard…
Switched On Insurance launches travel add-on product
Gadget insurer Switched On Insurance has launched a travel insurance add-on product to boost protection for travellers carrying electronic goods.
Aqua recruits Hiscox motor underwriting boss
High net worth specialist Aqua has recruited Hiscox’s head of motor underwriting.
3D Printing: Get ready for the 3D revolution
With 3D printing expected to totally transform manufacturing, what does it mean for the insurance industry?