Insurer
Swiss Re completes $152.5m IHC Risk Solutions takeover
Swiss Re Corporate Solutions completed its acquisition of stop loss underwriter IHC Risk Solutions from Independence Holding Company yesterday (31 March).
Ryan Direct Group completes Midas purchase
Insurance services firm Ryan Direct Group has completed the acquisition of Northern Ireland-based managing general agent Midas Underwriting for an undisclosed amount.
FCA to carry out thematic review into thematic reviews - updated
The Financial Conduct Authority has begun a thematic review into its previous thematic reviews at the behest of new CEO Andrew Bailey, Post can reveal.
Bank of Scotland launches car insurance with BGL's Junction
Bank of Scotland, part of the Lloyd’s Banking Group, has partnered with BGL Group’s Junction to offer car insurance.
Keoghs to focus on PI changes as it joins ABI as associate member
Law firm Keoghs has become the third associate member of the Association of British Insurers and aims to work closely with the trade body on changes to the personal injury process.
Flood Re gets PRA and FCA authorisation
Regulators have confirmed Flood Re will be authorised from tomorrow ahead of the scheme’s 4 April start date.
Gable expects losses of £7-8m for 2015 as it updates on Solvency II compliance
Gable Holdings has confirmed its regulator the Financial Market Authority Liechtenstein has approved its funding arrangements announced in December, whereby its subsidiary Gable Insurance AG has a two-year transitional period to meet the Solvency Capital…
Europe: Market realities could trump cross-border aims
Although the European Commission is considering moving cross-border barriers for insurance sales, detractors are making their voices heard.
Legal: An opportunity to crack whiplash
The government is making a concerted effort to reduce the number of whiplash claims and consequently reduce the cost of motor insurance
Metlife wins 'too big to fail' court hearing
US life insurance giant Metlife has won a court victory over the US Treasury's decision to classify the insurer as a systemically important financial institution.
Aviva uncovers new crash for cash claim every three hours
More than 3,000 organised crash for cash claimants were detected by Aviva in 2015 - one every three hours - with accidents targeting innocent motorists remaining high.
FM Global blames dollar strength for premium decline as combined ratio rises
FM Global said its financial results for 2015 were ‘outstanding’ despite a drop in its gross in-force premium and an increase in its combined ratio.
RAC reveals drop in convicted uninsured drivers, but warns IPT rise might reverse trend
There has been a 9% fall in the total number of convictions for driving without insurance among men holding full driving licences, according to a Freedom of Information request made by the RAC to the DVLA.
FCA finds PPI complaints rise but other GI concerns continue to fall
Payment protection insurance complaints have increased but general insurance claims outside of this category have continued to fall, according to the Financial Conduct Authority's latest report.
The Insurance Marketing and PR Awards shortlist is out today
Today Post can reveal the shortlist for the Insurance Marketing and PR awards.
Unicorn says ‘diversifying’ the next step after Berkshire backing
Unicorn Underwriting has confirmed it will not limit itself to UK commercial lines but aims to move into all classes and territories after partnering with Berkshire Hathaway.
Peter Hubbard-backed Emerald Life to offer LGBT-tailored products in UK first
Full-service insurance provider Emerald Life launches today (30 March) with its first products designed specifically for the LGBT community.
Solvency II drives increase in Lloyd's legacy portfolio sales
An increasing number of firms are looking to dispose of their legacy portfolios as Solvency II puts pressure on capital requirements.
AIG Europe reports growth in net premiums, slight COR improvement
AIG's European arm posted stable results for the year ended 30 November 2015, including a slightly stronger combined ratio of 98.2% (2014: 98.4%) and 2% growth in net premiums.
Insurers profits to fall due to low returns, rising costs
The profits of general insurers are expected to fall over the next three months due largely to a rise in costs and low returns on investment, according to the latest PWC and CBI financial services survey released today (29 March).
Amwins Group member Unicorn Underwriting gets backing to write motor fleet
US-based insurance distributor Amwins Group will partner with Berkshire International Insurance to enter the motor fleet business, via Amwins’ London-based managing general agent Unicorn Underwriting.
Post Office’s CMO Pete Markey joins Aviva
Aviva has added the Post Office's former chief marketing officer Pete Markey as UK director of brand communications and marketing.
C-Suite Insurer: Esure's Stuart Vann - Fraud and what more the industry can do
Although there has been significant progress, there is more for insurers to do in reducing levels of opportunistic fraud
Political Lobbying: Don't mention the ‘L' word
Smoke and mirrors perpetuates the lobbying mystique but there is no need to bring in outsiders if there is someone with know-how and who can put together a well presented case