Insurer
Robert Hiscox awarded Lloyd’s Gold Medal
Former Hiscox chairman Robert Hiscox has been honoured by Lloyd’s for services to the London market.
Paterson refuses to 'rush through' flood risk solution, as SoP expiry looms
Environment secretary Owen Paterson has claimed there is “no point rushing through” a long-term flood risk solution, despite there being just three months until the Statement of Principles expires.
Ingenie slams ABI night curfew proposals for young drivers
Ingenie has said the Association of British Insurers proposals to introduce a night time ban for young drivers as a way of improving young driver safety.
Future Group to sell GI stake
Future Group today entered into a non-binding agreement to merge L&T General Insurance with Future Generali India Insurance, according to reports in the local media.
SunGard launches policy administration system for Apac insurers
SunGard has launched Compass Asia, an integrated policy administration system in response to increased focus on operational efficiency across the region.
Talanx enjoys results boost following IPO
Talanx showed strong underwriting performance in the first full year results since its initial public offering, but there is still room for improvement according to analysts.
ABI brands Marsh's Flood Mu model 'completely unacceptable'
The Association of British Insurers has issued a damning response to Marsh’s proposal for a mutulised solution to flooding, describing the ‘Flood Mu’ model as “completely unacceptable to insurers”.
RKH eyes further M&A activity following 13-years of growth
RK Harrison has recorded a 21% increase in turnover to £92.9m for the year ended 30 June 2012, in which the firm maintained a profit margin of 25%.
Ex-Aviva boss Moss handed £300k bonus settlement
Former Aviva chief executive Andrew Moss was awarded £300 000 by the insurer this year to settle suggestions that he might have been entitled to a bonus.
Argo International hires Barbican PI underwriter
Lloyd’s insurer Argo International has appointed James McPartland as an underwriter in its professional indemnity team.
Abbey Protection posts 3% profit growth
Abbey Protection has reported pre-tax profits of £10.3m for 2012 – a 3% increase on the £10.1m gained in 2011.
ABI and DLG welcome young drivers green paper
The Association of British Insurers and Direct Line Group have welcomed the green paper launched by the government at the motor insurance summit meeting which they both attended.
Ex-army pair to lead Towers Watson's crisis management business
Global professional services company Towers Watson has appointed two former military heroes to lead its crisis management business.
Regulation must not harm long-term investment says Insurance Europe
Insurance Europe has welcomed the European Commission’s adoption of a Green Paper on the long-term financing of the European economy.
Hiscox launches counter-terrorism team
Specialist insurer Hiscox has launched a dedicated counter terrorism team in response to rising security fears globally.
Hiscox launches counter terrorism team
Hiscox has launched a dedicated counter terrorism team after making several new appointments to its terrorism underwriting team.
Aggregators continue to rely on brokers in commercial space, states report
Online aggregators have been unable to repeat the success achieved in the distribution of personal lines insurance in the commercial arena, where specialist brokers are more heavily relied upon.
Your say: Insurers must keep telematics pace
Following the implementation of the European Court of Justice ruling in December preventing insurers from using gender as a proxy on which to price insurance premiums, it comes as no surprise that the number of telematics based policies available is on…
Halting Aviva shrinkage has reached 'critical stage', claims analyst
Aviva has been described as having the worst record for earnings and dividend growth among major UK insurers, according to Investec analysis which states that halting shrinkage has reached a “critical stage”.
New regulator pledges to 'act more decisively' than FSA
The Financial Services Authority has outlined the risks that will be a priority in the next 12 months for its successor, the Financial Conduct Authority, when it takes over on 1 April.
Quindell acquires medico-legal service provider
Quindell has acquired Isaas Technology, a cloud-based software service provider to the medico-legal and legal services in the UK and overseas, for £1.34m.
Third motor summit to be held on Monday
Whiplash, young drivers and the scourge of uninsured drivers are expected to top the agenda at a third motor insurance summit involving the insurance industry and government ministers to be held at Westminster on Monday.
Fixing the protection gap in the UK
I recently presented to the All Party Parliamentary Group on Insurance and Financial Services to discuss the future of lending at a time when consumers have lost confidence in income protection programs.
Ebbage joins ex-Towergate marketing boss at Absolute Partnership
Absolute Partnership has appointed Carl Ebbage as IT Director with immediate effect.