Insurer
Brisbane hailstorm hurts IAG's first half profits
Catastrophes and reduced reserved releases contributed to IAG's 9.8% fall in profits in the first half of its financial year through 31 December.
Coface 2014 turnover grows 1.6%
Coface has reported a 1.6% increase in its turnover for the year ending 31 December 2014 to €1.4bn (£1bn).
Personal Injury: One rule for government, one rule for insurers
The introduction of the Criminal Injuries Compensation Authority tariff list in 2012 means that insurers are now paying out much more to personal injury claimants than the government
Editor's comment: It’s time to seize the day
Insurance is traditionally known for being a slow moving market, which takes its time and waits to be issued with regulation and guidelines.
Government will step in if meso scheme exceeds levy, says ABI
The Association of British Insurers has said it will work to ensure the Diffuse Mesothelioma Payment Scheme remains one of last resort, following the government’s decision to raise the compensation cap from 80% to 100%.
Insurers quick to implement changes as wave of legislation arrives
Insurers have been quick off the mark to ensure their businesses comply with the Insurance Act before it comes into effect in August next year.
Car repair capacity deficit to dent insurers' profitabilty
A deficit in car repair capacity is likely to have a knock-on effect on insurance company profits, according to a report by research agency Trend Tracker.
Career Development: BGL graduates complete 18-month in-house marketing programme
Six marketeers at BGL have completed the firm’s marketing graduate programme.
Market Moves - 19 February 2015
All the latest job moves in the insurance market.
RTA Claims Portal supplier tender process extended
The tender process for the RTA Claims Portal’s hardware and software supplier has been extended to allow for a higher than anticipated amount of information provided by prospective suppliers to be processed.
Willis Re confirms UK jobs at risk as it enters consultation process
Willis Re has confirmed that several London-based roles could be cut as part of an efficiency drive within its UK operation.
Motor: The sharks are circling
A number of threats to the UK motor market are currently occuring – driverless cars, motor manufacturers muscling into the sector, the competitiveness of pricing. But can these challenges be turned into opportunities?
CMCs to blame for soaring PL and EL claims against SMEs, states Axa boss
A significant rise in the number of employers’ liability and public liability claims made against SMEs over the past five years is the result of “opportunistic” claims management companies shifting their focus from motor claims.
Lance Armstrong ordered to pay insurance company £6.5m
Disgraced cyclist Lance Armstrong has been ordered to pay insurance company SCA Promotions $10m (£6.5m) in damages, in what is thought to be the largest award of sanctions assessed against an individual in American judicial history.
Calls for backdating of 100% meso compensation opposed by insurers
Insurers and defendant lawyers have rejected calls for the 100% compensation level for the diffuse mesothelioma scheme to be backdated and for it to include other asbestos-related cancers, as doing so would be too problematic.
Q&A Theo Duchen and David McDonald: From Nairobi to Nottingham
Co-founders of Acturis Theo Duchen and David McDonald reveal how their recent acquisitions tie into their wider plan for international expansion
Insurance CEOs see growth in business opportunities
Half of insurance company CEOs responding to PWC's Annual Global CEO Survey believe that there are more business opportunities now than there were three years ago.
C-Suite - Insurer: Offering true customer service
Companies sometimes forget that they need to fulfill a claimant’s needs rather than their own
Penny Black’s Insurance Week - 19 February
Despite being a woman of traditional tastes, Penny is aware the threat of cyber-attacks is very real, as reflected in the ominous words of various speakers at an event in London on the subject.
Video: RSA's Kenny Leitch on driverless cars
Last week government ministers launched the UK’s driverless car trials in the Royal Borough of Greenwich - the location of one of the government backed projects which RSA is the insurance partner for.
Brit to operate on 'decentralised basis', says Fairfax CEO
Fairfax Finance CEO and chairman Prem Watsa has hailed Brit's "outstanding" 10 year track record Following the firm's 305p a share offer for the insurer.
Apollo and CVC accept Fairfax's £1.22bn Brit bid
Toronto-based Fairfax Financial has made an all cash offer for all the shares of specialist insurer Brit Insurance.
Insurance sector not responding to SMS demand
Insurers are failing to respond to significant demand for text-based communications, according to a new industry report into how customers want to be contacted.
Steadfast buys underwriting agencies and broker from QBE
Australian insurance group Steadfast has bought two underwriting agencies and a broker from Australian giant QBE for A$290m (£147m).