Insurer
Brit 2014 profits climb 40% as investment returns skyrocket
UK-based insurer Brit's after tax profits were £139m last year compared to £99.5m the previous year, up 39.7%, as its investment returns rocketed 38.4% year on year.
Berkshire Hathaway recruits from RSA and Swiss Re in Singapore
Berkshire Hathaway Specialty has continued its recruitment drive in Asia with two hires in Singapore.
Legal Update: Personal injury claims for new employers
Khalid Mahmood examines transfers taking place under TUPE and what this means for PI claims
Driverless cars: Driving change
Rapid advances in automotive technology mean that, within a generation, the future of autonomous vehicles and driverless cars could become a reality. What will that mean for the insurance industry?
Europe: Opportunities in Middle and Eastern Europe despite geopolitical risks
Despite the Russian-Ukraine crisis, 2014 brought hope of a revival for the regional market in Middle and Eastern Europe. Economic prospects have been positive, regardless of the continual geopo
Penny Black’s Insurance Week - 26 February
During a recent elegant evening out at the rather fine dining establishment and purveyor of seasonal British grub Hix Soho, Penny was thrilled to discover that her hosts – the lovely folk from Tesco Insurance – were as keen to sample new culinary…
Novae tipped as next listed player to be sold as Lloyd's consolidation hots up
Pressure on profitability in the Lloyd’s market has been cited among the main drivers for consolidation by analysts, with Novae tipped to become the latest listed player to be snapped up.
Aviva Investors fined £17.6m by FCA
The Financial Conduct Authority has fined Aviva Investors £17.6m for systems and controls failings that meant it failed to manage conflicts of interest fairly.
Trade Voice: Living in a fast-changing world
The ABI sets out the issues it is looking to tackle over the upcoming year — and beyond
C-Suite - Insurer: The air of uncertainty
2015 is shaping up to be a year beset by confusion and unpredictability – so change must be embraced
Brain Training ...handling client money
The top 10 things you should know about handling client money.
Online court proposal queried as a 'white elephant' for insurance claims
The proposal to introduce an online dispute resolution system for civil claims below £25,000 has been branded "overly ambitious" and a "potential white elephant" by industry commentators who have called for thorough testing before such a system is…
Market Moves - 26 February 2015
All the latest job moves in the insurance market.
Detriment to genuine claimants cited as insurers push for industrial deafness reform
Claimant solicitors have told insurers to “stop bleating” about the need to introduce reform to address the growing number of industrial deafness claims, amid concerns regarding the impact on genuine claimants.
Money Supermarket lays down renewals challenge for insurers
Aggregator Money Supermarket is challenging the insurance industry to adopt eight recommendations it has put forward to make the auto-renewal process fairer for consumers.
Ascot and Beazley named among claims service improvers in Gracechurch report
Ascot, Beazley and RSA are among the London market insurers that have increased their net satisfaction ranking for claims service, according to research from Gracechurch consulting.
Ombudsman publishes complaints data for H2 2014
The Financial Ombudsman Service has published details of complaints it received from consumers in the second half of 2014.
Insurers tried to influence child abuse inquiries, says former social services director
Councils and insurers have been criticised following an investigation into the set-up of child abuse inquiries at children's homes.
Ironshore hires Asia-Pacific managing director from Catlin
Ironshore International has named Hui Yun Boo as managing director Asia-Pacific and principal officer for Singapore.
QBE bounced back to profit in 2014; GWP fell 9%
Australian giant QBE secured an after tax profit of $742m (£480m) in 2014 after seeing a pre-tax loss of $254m in 2013 but missed profit expectations.
Competition watchdog approves Esure's Go Compare purchase
The Competition and Markets Authority has approved Esure's proposed £95m acquisition of the remaining 50% share of aggregator Go Compare with the deal expected to complete on 31 March.
Novae promotes Butcher to syndicates CEO
Novae has promoted Jo Butcher to Novae Syndicates CEO and Rob Forster to chief underwriting officer.
SII insurer NEDs to face same regulation as banks
Changes to the banking industry's senior managers regime that affect non-executive directors are to be implemented for Solvency II insurers, the Financial Conduct Authority says.
Defendant ordered to pay costs in fraudulent whiplash case
A judge in Portsmouth has thrown out a case that involved a motorist trying to claim fraudulent damages for whiplash.