Insurer
Bank of England insurance director Adams heads to Pru
The Bank of England’s executive director of insurance supervision has been recruited by Prudential, where he will serve as group regulatory director.
Zurich's GI profit falls 59% in Asia-Pacific
Zurich's general insurance pre-tax profit in the Asia-Pacific region fell 59% in the first half of 2014 as it lost business in Australia and Hong Kong.
Zurich's global profit climbs 15% in first half
Zurich's profits are up 15% in the first half of 2014 compared to the same time last year.
Interview: Dylan Bryant, general representative, Lloyd's Hong Kong
Andrew Tjaardstra talks to Dylan Bryant, who has been tasked with heading up the Lloyd's representative office in Hong Kong.
FCA issues social media warning as it launches promotions consultation
The Financial Conduct Authority has launched a consultation intended to clarify its approach to the supervision of financial promotions in social media.
Demand for risk managers grows amid shifting regulatory environment
The looming implementation of Solvency II has contributed to a boom in demand for risk management specialists, according to recruitment consultancy Merje.
No further divestment plans for Ageas, Watson states
Ageas UK chief executive Andy Watson says there are no further planned divestments for the business following today's announcement of the sale of Ageas Protect.
FCA calls for claims ratios in final add-ons report face renewed criticism
The Financial Conduct Authority’s proposal to impose a requirement for insurance companies that engage in the sale of add-on products to publish claims ratios as a measure of value is expected to face continued criticism.
Bupa revenues up 7% in H1 despite 'low demand' for UK PMI
Bupa posted a 7% increase in revenues to £4.8bn in the first half of 2014 (16% at constant exchange rates), as it continued to integrate major acquisitions made in the previous year.
Post magazine – 7/14 August 2014
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.
L&G GI profits slump in H1 as attention turns to bolt-on acquisitions
Legal & General has attributed weather claims totalling £12m in the first quarter of 2014 for a slump in the general insurance division’s operating profit to £28m in the first half of the year (H1 2013: £39m).
ABI premium tracker reports £378m savings for motorists
Average private comprehensive motor premiums rose £2 in the second quarter of the year to £361, according to the latest results from the Association of British Insurers' motor insurance premium tracker.
WW1 Centenary: Peace
On the centenary of the outbreak of the First World War Post looks back on some of the leader columns written for the magazine during this period. Today: Peace
Ageas UK exits life market as net profit drops £22.8m
Storms in the first half of 2014 led to a net profit loss for Ageas UK of £22.8m despite strong second quarter results.
World War One Memories: Story of the war
To mark the 100th anniversary of Great Britain’s involvement in World War One, Post asked a number of major insurers how the conflict impacted their staff at home and abroad.
World War One Centenary: War reporting
To mark the First World War centenary this week, Jonathan Swift dug into the Post archives to see how the magazine reported the outbreak of war and its impact on the insurance community
Legionnaires’ disease: Much ado about nothing?
An update to health and safety legislation means insurers need to pay renewed attention to the rarely considered threat of legionnaires’ disease. But while some are already labelling the condition the ‘new asbestos’ in terms of claims, others insist…
Insurance buildings: Who lives in a house like this?
With Lloyd’s mulling over a move away from its iconic Lime Street base, Post takes an in-depth look at some of the remarkable London buildings that insurers call home
Interview: Christian Hinsch and Richard Taylor: a winning strategy
HDI Gerling’s chairman Christian Hinsch and UK managing director Richard Taylor tell Post their firm is entering a new phase in its evolution – and reveal what they’ve learnt from the German World Cup-winning football team
C-Suite - Insurer: Understanding disaster risk
Companies must provide more information about the risks they face to allow better capital allocation
Comment - Rewriting the Rehabilitation Code
The Rehabilitation Code, which is 15 years old this year, is to be extensively reviewed. Mark Baylis, chair of the International Underwriting Association-Association of British Insurers Rehabilitation Working Party, says the views of practitioners will…
C-Suite - Broker: Time to embrace our similarities
Having made the leap from broking to an insurance company, I knew it would be different. I have had one or two ‘I don’t think we’re in Kansas anymore Toto’ moments but I always knew there would be a period of adjustment.
Insurers call for ‘fundamentally dishonest’ wording to be scrapped
House of Lords agreed to clause 45 of Criminal Justice and Courts Bill