Insurer
PWC blames RSA Ireland woes on 'inappropriate collaboration' between execs
An investigation by PWC has pointed the finger at a small number of senior executives for claims and reserving issues in RSA's Ireland business.
Allianz targets 10% growth in Malaysia
Allianz Malaysia Bhd’s general insurance arm is looking to grow its customer base by 10% in 2014.
Nationale Suisse opens Singapore office
Swiss based insurer Nationale Suisse, owned by the Swiss National Insurance Co., is expanding in Asia by opening an office in Singapore.
Christmas storms tipped to cost industry £400m
The UK insurance industry is facing a bill of around £400m for storms and flooding throughout December and January, PwC insurance partner Mohammad Khan said today.
Man to appear before court nine months after dawn Ifed raid
The Insurance Fraud Enforcement Department has secured charges against an individual arrested during an early morning raid attended by Post last April.
Bogus burglary claims top Innovation's 2013 fraud trend table
Research from insurance software firm Innovation Group into the top fraud trends for 2013 has shown that apparent burglary was the most popular bogus claim.
No job cuts planned following RSA broking merger
RSA will not look to cut staff numbers after merging its affinity and personal lines broker divisions into a single unit.
RSA merges affinity and PL broker units
RSA is to create a single UK personal intermediated unit, bringing together its affinity and personal lines brokers teams, with personal broker boss Jill White exiting.
Sale of Equity Direct Broking to NMG completed
Equity Insurance Group has announced the completion of the sale of Equity Direct Broking to NMG Holdings.
Apil slams 'watered down justice' as meso amendment is voted down
The Mesothelioma Bill passed its final parliamentary stage on Tuesday and will become law once it receives Royal Assent.
Hastings staff to pocket windfall as Goldman Sachs deal is completed
Goldman Sachs Merchant Banking Division has signed off on a deal to acquire 50% of the voting share capital in Hastings Insurance Group.
Post magazine – 9 January 2014
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
UK General looks to Paymentshield and Mapfre for schemes business hires
UK General has strengthened its scheme business with two appointments.
Young driver safety scheme wins Admiral sponsorship
Admiral has thrown its support behind a young driver safety initiative that offers lessons to aspiring motorists aged between 11 and 17 by agreeing as the title sponsor of the scheme.
DLA Piper's Murphy becomes Sedgwick insurance partner
Sedgwick has hired DLA Piper’s David Murphy to its insurance practice as a partner in its London office.
Faraday property boss Bridge to join Dale later this year
Dale Underwriting Partners has appointed Ian Bridge as head of property insurance from Faraday where he occupied an identical role.
MGAA calls for nominations ahead of board elections
A number of existing representatives of full MGA members of the Managing General Agents’ Association have revealed their intention to stand for re-election, as the MGAA begins its board election process and calls for nominations from members.
RSA confident PWC report will find no issues outside of Ireland
RSA has underlined its confidence that a PWC investigation into serious financial irregularities uncovered at its Irish operation will confirm the issues in Ireland as an isolated incident.
Zurich recruits chief technology officer from AIG
Zurich has appointed Robert Dickie as chief operations and technology officer and a member of the group executive committee. He will begin in March.
European windstorms caused most December damage
According to catastrophe modeling firm Impact Forecasting windstorms in Europe caused the largest amounts of insured losses globally in December.
Cost of home insurance expected to fall despite flood claim increases
Growth in price competition could see rate reductions of up to 10%.
Telematics providers push for young driver curfew plans to be scrapped
Green paper on young driver safety postponed indefinitely ahead of debate.
Implications of RSA motor repair victory to be assessed by competition body
Court of Appeal rejects Allianz and Covéa case against RSA’s subrogation model.
Aviva and Sampo floated as potential suitors for RSA
Investment bank UBS has lifted its price target on RSA from 100p to 113p and issued a buy rating for the insurer, based on the prospect of a consortium bid for the firm led by Scandinavian rival Sampo.