Insurer
Asia Listings: A closer look at Asia-Pacific
The general insurance market is not uniform in the Asia-Pacific region. From consolidation in Japan to potential in China to sophistication in Australia, movers and shakers face a variety of situations and opportunities.
Interview: Duncan Rutter: A busy year coming
High-profile reviews impacting the legal sector and the ongoing fight against fraud promise to keep incoming Forum of Insurance Lawyers president Duncan Rutter busy during his year in office. Post caught up with him to discuss his plan of action.
Zurich's commercial broker business admits it was 'difficult to trade with'
Zurich's commercial broker division has admitted it was previously "difficult to trade with" with too many contact points and hand offs around its specialist teams.
C-Suite - Insurer: The devil in the details
Urgent changes need to be made to remove the financial incentives at the heart of injury claims.
Editor's comment: Man on the moon
This week John Lewis released its Christmas advertisement – the Man on the Moon – causing even the most stiff-upper-lipped Brit to shed a tear.
Brokers expect to benefit from Zurich's cost-cutting programme
Zurich’s decision to implement a cost-cutting initiative that will result in up to 440 UK redundancies has been welcomed by brokers who believe that removing a layer of management will produce tighter relationships with regional branches.
FCA approves Osprey takeover
The Financial Conduct Authority has approved Thomas Miller's proposed acquisition of Osprey Holdings, the parent company of Osprey Underwriting Agency.
Treloar tipped to succeed at LV as O'Roarke predicts future PL and CL growth
Steve Treloar’s experience of both the direct and broker channels will help him fill John O’Roarke’s “big shoes” once he takes over as LV general insurance managing director next year, according to market commentators.
Vulnerable customers code gains industry backing despite commercial concerns
The joint code of conduct for vulnerable customers established by the Association of British Insurers and the British Insurance Brokers' Association has been broadly welcomed by the industry, despite concerns about the commercial viability of serving…
European Windstorm Hazard Maps unveiled by Met Office
The Met Office has launched its European Windstorm Hazard Maps to show the location and severity of damaging winds for a variety of return periods at high resolution.
Russian plane crash unlikely to impact aviation or travel rates
Aviation rates are expected to withstand the aftermath of the downed Russian airliner in Sinai, market experts have claimed, while the cost of travel insurance to Egypt is also unlikely to rise.
Zurich appoints Japan CEO
Zurich has appointed Maschika Nishiura as CEO and representative for Japan.
China's Anbang buys first US insurer
China's Anbang Insurance Group has bought US life insurer Fidelity & Guaranty Life for $1.57bn (£1.04bn).
Pressure building as Solvency II enactment enters final countdown
As the Solvency II countdown enters its final stages industry observers are warning some insurers will struggle to be ready by the 1 January start date and that there could be more pain on the horizon.
Zurich to cut up to 440 UK jobs
Zurich has confirmed proposals to cut up to 440 jobs in its UK general insurance business as part of a programme to reduce costs in the organisation and simplify its operating structure.
O'Roarke backs successor Treloar to build on growth at LV
LV managing director of general insurance John O’Roarke is confident his successor and former Direct Line colleague Steve Treloar is well placed to maintain the firm's strong growth and "distinct culture".
Dye predicts 2016 private motor turnaround as Allianz UK profits slide
Allianz UK has seen a slight deterioration in its combined operating ratio and a £14.4m drop in profits for the third quarter of 2015 despite a 2.7% increase in gross written premiums over the past 12 months.
L&G renews GI partnership with Principality Building Society
Legal & General has extended its existing partnership with Principality Building Society to continue selling its general insurance products through Wales' largest building society.
Aviva personal lines MD Treloar to take over from O'Roarke at LV
LV has appointed Aviva personal lines managing director Steve Treloar as John O’Roarke’s successor as MD for general insurance.
Masojada eyes further growth as group GWP rises 12.9%
Hiscox CEO Bronek Masojada has identified “plenty of opportunities for growth” off the back of a 12.9% increase in gross written premiums to £1.54bn for the first nine months of 2015 (9M 2014: £1.36bn).
Preparation urged as storm predicted to batter north-west UK
Insurers are urging homeowners to prepare for a storm front threatening the UK that could unleash winds of up to 70mph and 17ft waves on Sunday evening (8 November) and early Monday (9 November).
Mahoney replaces Turnbull as RFIB CEO
RFIB Holdings executive chairman Dennis Mahoney is to replace Jonathan Turnbull as CEO at the company.
Ex-cons avoid return to jail after attempting to defraud Admiral and Ageas
Two men who met and became friends in prison yesterday (5 November) received suspended prison sentences at the Old Bailey after staging a ‘cash for crash’ accident in order to claim over £16,000 from Admiral and Ageas.
Power hour: A better customer journey
As more SME business is traded electronically, how can brokers and insurers make what could be a complex purchase into a simple and easy to understand process for customers?