Insurer
Coalition of insurance groups urges government to scrap planned IPT rise
A coalition of trade bodies and charity groups has urged the government to scrap any planned rise to the insurance premium tax ahead of tomorrow’s budget.
Direct Line profit falls 30% in wake of Ogden rate cut
Direct Line has seen full year pre-tax profits fall by 30% owing to a hit from the discount rate reduction.
Legal Update: Robotic surgery - cutting through the insurance implications
With advances in robotics and artificial intelligence taking hold of the medical industry, do the benefits of robot-assisted surgery outweigh the risks - especially for insurers?
Aviva's Lindsey Rix on building trust and demystifying insurance
Let's be honest: insurance isn't the most exciting subject and it's often seen as a grudge purchase, something we have to have just in case the worst happens.
Sydney hailstorm brings IAG to within A$126m of nat cat allowance
Sydney's dramatic hailstorm on 18 February has cost Australian insurer IAG at least A$160m (£99m) in claims so far.
Sara Mitchell appointed as head of Chubb's corporate division in UK and Ireland
Chubb has appointed Sara Mitchell as head of corporate division in UK and Ireland.
Axis to take £41m Ogden rate hit
Specialty insurer and reinsurer Axis Capital will take a £41m hit from the reduction in the Ogden discount rate.
P&I Clubs face pricing pressure: AM Best
Underwriters in the marine protection and indemnity sector must exercise underwriting discipline as their ship-owning members continue to face economic pressure, AM Best has warned.
Motorists fear further IPT rises this week
Four out of 10 motorists believe the Chancellor will raise the insurance premium tax still further in his Spring Budget.
Solvency II safeguards mean no need for EU rule change
The safeguards provided by Solvency II mean that a new EU framework on recovery and resolution for insurers is not required, according to Insurance Europe.
LMG adds marine businesses to PPL platform
The London Market Group’s electronic PPL platform has introduced marine classes for trading.
Post People: 06 - 10 March
People moves from the insurance industry.
Blog: Is your data breach response plan good enough?
Many savvy organisations are investing time and thought into data breach response plans.
Apprenticeships: A radical overhaul
The radical overhaul by the government of the apprenticeship scheme - with the core aim of creating three million new apprentices by 2020 - is set to have a major impact on recruitment and training in the insurance industry, potentially reaching far…
Berkshire Hathaway hires for Asia expansion
Berkshire Hathaway Specialty has hired two senior insurance professionals as the insurer introduces personal accident to Hong Kong and Singapore.
Allianz's Asia P&C profits fell 22% in 2016
Allianz saw P&C profits fall 22% in Asia last year to €58m (£49.5m) from €74m in 2015.
Aviva partners with insurtech start-up Hibob
Aviva has signed a deal with insurtech start-up Hibob to better enable SME clients to set up workplace pension schemes.
March 2017 Post: Census and CII CEO
My one-year-old just started toddling. She was so proud after pushing her walker to the other side of the room that she applauded herself. As a result, she lost her balance and landed on her bum.
UK businesses to increase cyber security spend
Three out of five UK businesses will increase their cyber security budget in the next year, with more than 20% of those doubling their spending.
UK General acquired by private equity firm
JC Flowers has acquired UK General from Primary Group for an undisclosed sum.
Asta-managed syndicate reports profit in first year
Dale Underwriting Partners has posted a modest profit in its first year of account, despite “challenging” market conditions.
Blog: Stepping up the fight against fraud
Arguably, the insurance sector is behind many other verticals in transforming customer engagement and achieving the nirvana of delivering an excellent customer experience.
Former Zurich GI chief becomes Admiral chair
The former CEO of Europe general insurance at Zurich, Annette Court, has been appointed non-executive chair of Admiral.
Go Compare to invest in start-up insurtech businesses
Go Compare is looking to invest in start-up insurtech businesses to help the aggregator website reach new customers, says CEO Matthew Crummack.