Insurer
40% of London market premiums 'under threat' says LMG
The London Market is facing a raft of challenges to its position as the dominant insurance hub, according to a report into the market’s competitiveness released today.
RSA’s Hood handed chief digital officer role
RSA has promoted digital and multi-channel director Ian Hood to the newly created role of chief digital officer.
Markerstudy partners with Premium Credit on retail deal
Markerstudy has appointed Premium Credit as its retail division premium finance partner.
Gherkin acquired by Safra Group
London’s Gherkin building, home to Swiss Re, has been acquired by an investment group led by Brazillian banker Joseph Safra.
Discovery acquires Prudential's remaining stake in Pru Health
South African medical insurer Discovery is to acquire Prudential's remaining 25% stake in Prudential Health for £155m.
Galactic loss and Antares explosion likely to put pressure on rates
The recent crash of the Virgin Galactic test flight and the Antares rocket explosion will put upward pressure on rates across the aviation sector, according to AM Best.
Equinox Global expands its presence in France
Equinox Global, the Lloyd’s cover holder, has appointed Vladimir Malenic at Equinox France, which recently moved into a new central Paris office.
Hiscox reports solid Q3 statement with broadly flat GWP
Hiscox has reported a slight dip in gross written premiums of £1.36bn (2013: £1.37bn) for the first nine months of the year to 30 September and claimed a disciplined approach in reinsurance was offset by steady growth in insurance lines.
Zurich unveils Hong Kong SME key person insurance product
Zurich has brought out a life insurance product for SMEs hit by the sudden death of a key executive, partner or shareholder.
ABI deems Medco software critical in whiplash fraud fight
The Association of British Insurers has deemed the development of an IT system designed to randomly allocate medical experts for soft tissue injury claims as critical in the reform of the medic-legal reporting system.
Dye confident Allianz will return to retail profitability for full year
Allianz UK CEO Jon Dye has stressed that the insurer still plans to return to underwriting profitability for its retail business in its full year results, despite notching a 100.2% combined operating ratio for the first nine months of the year.
Blog: Diff'rent strokes to move the world (of insurance)
As a popular 1970s/80s US sitcom noted: ‘the world don't move to the beat of just one drum; what might be right for you, may not be right for some' - a theme tune that is as relevant to insurance markets as it is in the wider world.
Blog: Lessons from past marine claims
Professor James F Lygate of IFIC Forensics takes a look back at maritime disasters of the past to learn lessons for the future
Allianz UK nine-month profit down £10m despite GWP improvement
Allianz has reported pre-tax profits down 9% at £117.2m in spite of gross written premiums increasing by £181m.
Equinox Global adds Amlin and The Channel Syndicate to panel
Lloyd’s coverholder Equinox Global has increased the number of carriers on its binder panel to nine after welcoming Amlin and The Channel Syndicate.
Q&A video: Crif Decision Solutions director Sara Costantini
Personal injury claims have been in the spotlight recently because they are one of the key areas to have been targeted by fraudsters.
Admiral Q3 turnover drops despite 10% increase in customer numbers
Admiral has seen group turnover decrease 3% to £513m in spite of a 10% increase in the insurer’s total number of customers, which reached 4.03m in Q3.
IWDC14: Mapfre direct business 'on the right path' following DLG deal
Mapfre global direct insurance managing director Jose Luis Bernal has credited the acquisition of Direct Line Group’s German and Italian businesses with helping put his firm’s direct proposition “on the right path”.
RSA continuing UK motor withdrawal
RSA is continuing a drive to shrink its UK motor business, according to UK commercial lines managing director John Hancock, who told Post the insurer is constantly evaluating its pricing strategy.
Ferma calls for IBER renewal
The Federation of European Risk Management Associations has called for renewal of the Insurance Block Exemption Regulation for insurance and reinsurance pools.
71% of people say insurers use of social media unfair to check claims
Only 29% of insurance customers think it is fair for insurance companies to use social media posts to check the validity of claims, research from Consumer Intelligence shows.
Experian and Confused partner on fraud detection offering
Experian is to work with aggregator Confused.com to offer insurers the ability to understand fraud risk at the point of quote, Post can reveal.
Markel sees income fall in Q3 but remains up over nine months
Markel International reported comprehensive income to shareholders of $36.5m for the third quarter of 2014, down from $144.4m (£22.8m) for the same period of 2013.