Insurer
Plum swoops for DLG underwriter
Household MGA Plum Underwriting has appointed Nicky Whatman as a senior underwriter to its London high net worth team.
Markel's 2014 operating revenues surpass £3.2bn
Markel achieved an improved combined operating ratio of 95% for the year ended 31 December 2014 from 97% the year prior.
Helios acquires Lloyd's vehicle Nameco
Helios Underwriting has acquired Lloyd's limited liability member Nameco for £800,000 in cash.
Zurich CEO "not satisfied" with group 2014 results
Zurich's pre-tax profit fell 1% last year to $4.64bn (£3.04bn) compared to $4.68bn in 2013.
Lancashire reports 33.5% jump in 2014 GWP
Lancashire Holdings has reported a 33.5% boost in gross written premiums for the year ended 31 December 2014 to $907.6m (£595m) from $679.7m in 2013.
Capita named as Flood Re managing agent
Capita has been appointed Flood Re's managing agent for a five-year term.
Ageas UK CEO Watson says 2014 results show insurer in ‘good shape'
Ageas UK saw a leap in net profit for the year ended 31 December 2014 to £94.7m from £85.2m in 2013.
Zurich's Asia-Pacific chairman Riddell to retire
Geoff Riddell, Zurich's Asia-Pacific chairman, will retire from the insurer after he manages a transition period for his successor.
Zurich's UK profits climbed 19.5% in 2014
Zurich's UK pre-tax general insurance profits climbed 19.5% to £171m last year from £143m in 2013.
Ace enhances premises pollution cover for Australia and New Zealand
Insurer Ace has enhanced its premises pollution liability policy for Australia and New Zealand.
Motor stabilisation ‘overplayed’ says Berenberg as it downgrades Esure
Equity analyst Berenberg has downgraded Esure from 'buy' to 'hold', citing "near term dynamics" in the motor market as an issue that is expected to impact the firm.
Criminal avoids return to jail for fraudulent forklift claim
A 36-year-old Bradford man has been sentenced to eight months suspended for a year and ordered to work 200 hours unpaid after attempting to con RSA out of £10,000.
Blog: How many men does it take to fix a kitchen? Part 1
The latest installment in Post editor Stephanie Denton's leaky kitchen saga is here - and things are not looking good...
Torrance returns to Allianz board after short-lived US adventure
Former Allianz UK CEO Andrew Torrance has been appointed as a non-executive director of Allianz Holdings, two months after leaving the firm’s Fireman’s Fund business in the US.
Post magazine – 12 February 2015
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
Blog: Can Towergate really wait a year for Ross to join as CEO?
What a week. But are we still really any clearer about David Ross’s appointment as CEO of Towergate Group?
Government asked to evidence flood defence funding plan
The Environment, Food and Rural Affairs committee has called for government to show how the partnership funding model for flood defences will deliver greater private sector funding.
Gable chairman Sofaer steps down
Lichtenstein-based Gable Holdings' non-executive chairman Michael Sofaer has stepped down from the board to concentrate on family and other business commitments, the company has announced.
Suncorp's reinsurance "issue" could cost £60m
Australian financial services group Suncorp has been advised there is a potential issue with its recovery of catastrophe losses from its 2011 reinsurance programme.
Snowball gives no reason for Suncorp exit
Industry giant Patrick Snowball is set to leave Australian financial services group Suncorp where he is group CEO.
Government launches UK driverless car trials
The launch of three UK driverless car trials has been hailed as a step towards safer roads while research from aggregator Uswitch has revealed half of UK consumers would be unwilling to be a passenger in such a vehicle.
Home market failing to price for long-term weather risk
The home market remains significantly more profitable than its motor counterpart but insurers may be failing to price for long-term risk, market analysts fear.
Mesothelioma payment tariffs to be increased to 100%
The government is bringing forward regulations to increase the tariff of payments made under the diffuse mesothelioma payment scheme from 80% of average civil claims to 100%.
Penny Black’s Insurance Week - 12 February
Penny has experienced her fair share of ungrateful dinner guests and so it was with sympathy that she regarded the situation of broking powerhouse Willis last week.