Insurer
Ask the Expert: Professional fulfilment
What factors should be taken into account when exploring the levels of professional fulfilment in the workplace for insurance and finance professionals?
Career file: John Sims - Ex-Lorega CEO Sims resurfaces at AIG
AIG has appointed former Lorega chief executive John Sims to the role of UK head of its high net worth arm Private Client Group.
Market Moves: UK General hires former BMW man and Sue Langley returns to industry
This week saw a surge of appointments among insurers, with fresh faces at AIG, Allianz and UK General. The latter swooped for a former BMW man to serve as schemes director, while others looked to more conventional sources. Former Lloyd’s and Hiscox boss…
IFB unveils three point rogue CMC plan
The Insurance Fraud Bureau has revealed a new three point plan for tacking for claims management companies involved in insurance fraud.
Insurers to pay out £130m for St Jude storm losses
The Association of British Insurers has revealed the industry is expected to pay out £130m to customers hit by St Jude’s day storm.
Pet Insurance: Paws for thought
The cost of pet insurance claims has skyrocketed in the past five years, prompting some insurers to withdraw from the sector altogether. How can those that remain respond to the difficult market conditions?
Brokers crucial to target sole trader underinsurance
Over 180,000 sole traders are operating without insurance, according to new research by LV Broker.
Arista recruits from Equity for credit control pair
Commercial lines underwriter Arista Insurance has swooped for a pair staff from Equity insurance for its credit control unit.
UK insurance industry primed to target takaful opportunities
Political proposals to transform Britain into a leading Islamic finance hub would open up a lucrative untapped market to Lloyd’s players and beyond, according to industry analysts.
RSA anticipates sub-10% ROE as storm losses hit home
Storm losses have been cited as a major contributing factor behind RSA adjusting its financial estimates, with group chief executive Simon Lee anticipating return on equity for the year to be below 10%.
Skills shortages continue to plague industry
Skills shortages in general insurance businesses have dropped 14 percentage points to 59% in the past year, a Chartered Insurance Institute survey has found.
Aviva personal lines CUO Robinson returning to RSA
Aviva's personal lines chief underwriting officer Hayley Robinson is to return to RSA from next week, Post understands.
Asia-Pacific catastrophe limit grows
Total Asia-Pacific catastrophe limit purchased in 2013 increased for the tenth year in a row, but did not keep pace with strong GDP growth in the region, according to a new report from Guy Carpenter.
AIG opens Hangzhou office
AIG China, the largest foreign property & casualty insurer in China, has opened a branch in Hangzhou, the capital city of Zhejiang province.
AA granted ABS licence
The AA expects to have its own legal services business up and running by the end of the year after being granted an alternative business structure licence by the Solicitors’ Regulation Authority.
Groupama and Ageas complete part VII transfer
Groupama has transferred 1.5 million policies and net assets of £160m to Ageas via a Part VII insurance business transfer.
Windstorm could result in underwriting losses in Germany, predicts AM Best
Regionally focused German insurers may incur underwriting losses for the year from an accumulation of natural catastrophes, a report from AM Best has found.
Windstorm unlikely to impact UK insurers' performances, predicts AM Best
UK non-life insurers remain on course to post strong overall performances in 2013, despite last week’s windstorm, according to a report from AM Best.
Dual International appoints Sorensen
Dual International has announced today that it is appointing industry veteran Larry Sorensen as chairman of its North American underwriting agency operations.
Hudson leaving Aviva for 'completely different' insurance role
Aviva’s broker performance director for intermediary and partnerships Sam Hudson is to depart the insurer next year.
Beazley launches small transactions cover
Beazley has launched a type of insurance coverage aimed at the smaller deals which are typically not underwritten by most insurers.
Failure to reach Solvency II equivalence deal could harm UK
Failure to adequately resolve the issue of equivalence under Solvency II could harm British interests, according to speakers at the Association of British Insurers’ solvency II conference.
Uncertainty for Balva policyholders after claims handler withdraws
The company handling claims for beleaguered Latvian insurer Balva has withdrawn its services, creating more uncertainty for policyholders of the Riga-based firm.
Ex-Zurich CFO under no 'undue pressure' prior to death
Former Zurich chief financial officer Pierre Wauthier was not subjected to any undue or inappropriate pressure in the period leading up to him taking his own life, according to findings of two independent investigations.