Insurer
DLG wants commercial book COR to break even in 2014
Direct Line Group is aiming to improve its commercial book combined ratio to 100% in 2014, chief executive Paul Geddes told Post today.
ABI backs Home Office calls for regulation of private investigators
The Association of British Insurers has thrown its weight behind a Home Office initiative that intends to bring about the regulation of the private investigation industry.
Motor insurers overestimating Laspo benefits says Dye
Insurers are overestimating the savings likely to be achieved following the introduction of Legal Aid, Sentencing and Punishment of Offenders Act, Allianz UK chief executive Jon Dye said today.
Ageas UK boss Watson optimistic despite limited H1 profit growth
Ageas UK chief executive Andy Watson has told Post the insurer’s H1 results are in line with expectations, in spite of net profit growth almost entirely driven by the integration of Groupama.
S&P casts doubt on 2016 Solvency II implementation
An examination of the European Insurance and Occupational Pensions Authority’s assessment of the future of Solvency II by Standard & Poor’s has led to claims that “numerous hurdles remain” ahead of a planned 2016 implementation.
S&P highlights 'hurdles' in race towards Solvency II implementation
Standard & Poor’s has cast doubt on a planned 2016 implementation of Solvency II after claiming that “numerous hurdles remain” in the race to introduce the regulation.
Simon Philpin joins Equinox Global
Equinox Global has appointed Simon Philpin as London-based senior credit analyst based.
Allianz posts 95.7% combined ratio for H1
Allianz achieved a combined ratio of 95.7% for the first half of 2013, down from 96.8% in the first six months of 2012.
Post Blog: The fictional world of insurance
The insurance sector and its staff have been lampooned, loved and loathed on TV and in movies. Post Online looks at five moments where the industry and popular culture collide.
Double appointment for HSB energy team
Specialist engineering and construction insurer HSB Engineering Insurance, part of Munich Re, has made two appointments to its power and energy team.
Axa hails first half growth
For the first half, Axa has reported property & casualty revenues were up 2% to €16.5bn, mainly driven by an overall positive price effect of 3% on average. Overall total revenues were up 4% to €50bn across the group.
Direct Line posts 94.6% COR in H1 after lower weather claims and expenses
Direct Line Group achieved a combined operating ratio of 94.6% for the first six months of 2013, an improvement of 6.5 percentage points on the same period in 2012.
Ageas increases profit despite underwriting losses
Ageas has increased its bottom line by 17.3% during the first half of 2013 despite household being the only core line of business making an underwriting profit.
Axa's P&C revenues remain flat in H1
Axa UK and Ireland reported a 33% rise in underlying earnings for the first six months of 2013 to £89m, compared with £66m in the first half of 2012.
Complaints rise against Chinese insurers
There was a 54% rise in complaints against Chinese insurers in the first half of the year.
PostCast - Issue 1 - 1/8 August
The team discuss the news, features and interviews from the 1/8 August edition of Post Magazine.
Miller appoints Tom Quy to cyber business team
Specialist producer and broker of cyber risks Tom Quy has joined Miller.
Supercover to provide mobile phone cover to Avenir partners
Avenir Telecom has selected Supercover Insurance to provide mobile phone cover to its business partners in the UK.
Lloyds credits dry 2013 for 11pp COR improvement
Lloyds Banking Group’s general insurance business has attributed a reduction in weather related claims during the first half of the year for an improvement of 11 percentage points in its combined operating ratio.
RSA's Brown says underlying result not as 'impressive' as headline figures
RSA’s improved commercial lines results are “overstated” according to UK and Western Europe chief executive Adrian Brown, who downplayed the results.
SSP promotes Coupland to data services role
SSP has promoted Adrian Coupland to the newly formed role of head of data services while appointing Kate Mutter-Bowen to take over his former role as head of insurer and business partner relationships.
Money Supermarket's insurance traffic hit by changes in Google rankings
Money Supermarket said yesterday it had suffered a fall in motor and home insurance visitors in the second quarter after changes by search engine Google.
Money Supermarket revenues grow by 10% in H1
Money Supermarket’s group revenue increased by 10% to £112.3m in the first half of 2013 up from £102.2m in the first half of 2012.
Fund managers PI queries set to rise
Insurers can expect an increasing number of professional indemnity queries from new and existing fund manager clients and their brokers as the cover becomes a regulatory requirement, CMS Cameron McKenna has warned.