Insurer
Technology and urbanisation among risk megatrends, XL warns
Greater connectivity and technology are intensifying global risks and contributing to the world's current state of volatility, XL's Jacob Rosengarten told the European Insurance Forum today.
Pricing and claims service key for commercial clients Ace survey finds
Competitive pricing, breadth of cover and a high quality claims service were identified as what commercial clients want from insurers, an Ace survey has found.
P&I Club reports $6.6m surplus
The London P&I Club produced a surplus of $6.6m (£3.9m) for the 2013/14 financial year as well increasing its free reserve to $160.6m.
TT Club reports 87.4% COR for 2013
The TT Club reported $186.3m (£108m) in gross written premiums for the year ended 31 December 2013 while maintaining its A- rating from AM Best.
MDS Portugal boss appointed to French network
MDS Portugal chief executive Jacqueline Legrand has been appointed Conseiller du Commerce Extérieur de la France in Portugal by French prime minister Manuel Valls.
Hiscox shareholders voice opposition to exec pay
More than 40% of Hiscox shareholder's voted in dissent of the company's remuneration policy at its recent annual general meeting.
QBE buys remaining 10% stake in Elders Insurance
Australian giant QBE now wholly owns Elders Insurance Underwriting Agency after buying a 10% stake from agribusiness Elders.
Market loss from Flight MH370 could reach $350m
Allianz has revealed the total claims cost for missing Malaysia Airlines flight MH370 could be as much as $350m (£208m).
Acquisition appeal in China warms up
Regulatory changes in China look set to make it easier for local and foreign players to expand in the world’s fourth-largest insurance market.
Biba 2014: Axa approves second phase of transparency project
The second pilot phase of Axa's project to increase transparency in the claims process has been given the green light, with around 100 brokers set to take part.
Europe: Insurance is ready to be disrupted
Accenture's Thomas Meyer and Roy Jubraj look at how behavioural technology could turn the world of insurance on its head.
RSA promotes Price to exec committee
RSA has handed group chief information officer Darren Price a seat on its group executive committee, pending regulatory approval.
Water Bill handed Royal Assent
The Water Bill has completed the final stage in passing into law, bringing with it the official introduction of the Flood Re scheme.
Zurich UK GI profit falls 37% on flood losses
Zurich has seen its UK business operating profit fall by more than a third off the back of flooding over the first three months of the year.
Tulloch rules out ‘major’ UK cost reductions as Aviva GI book shrinks
Aviva UK general insurance chief executive Maurice Tulloch has said the firm has no plans for ‘major’ reductions in cost to counteract an 8% fall in net written premium recorded for Q1.
Aviva UK GI premiums shrink 8% as COR worsens
Aviva has seen its UK general insurance book shrink 8% in Q1 on a year on year basis, while underwriting performance has also worsened.
Zurich sees Q1 global premiums inch upwards
Zurich's gross written premiums and profits showed marginal progress for Q1 2014.
Hong Kong issues Vietnam travel warning
Following riots targeted at Chinese businesses, the Hong Kong government has raised a red warning (raised from amber) for travel to Vietnam.
Biba 2014: Markerstudy introduces ‘Fred’ windscreen device
Markerstudy has pulled back the wraps on a new device to provide rapid information on behalf of policyholders in the case of emergencies and breakdowns.
Biba 2014: RSA unveils One Global offering
RSA has revealed a new packaged product for UK businesses with presence in up to 10 other countries, branded One Global.
Mike Dodd return and SSP deal signal broker push for Digital Animal
Digital Animal has appointed Mike Dodd to its financial services team, in a move that has seen him reunited with his former employer SSP after the two businesses announced a strategic partnership.
Novae boosted by UK liability cover for Q1
Improved performance in its UK general liability book helped Novae record an overall increase of 5.7% in gross written premiums for Q1.
Allianz 'bang on' for revenue goals despite Q1 results: Dye
Allianz UK chief executive Jon Dye told Post the firm was "absolutely overall where we want to be" despite a 46% fall pre-tax profits to £24.7m for the first quarter of 2014.
Storms may not hit full year figures, says Ageas’ Watson
The surges of winter storm and flood claims which drove Ageas into reporting a Q1 loss this morning may be immaterial to full year results according to UK chief executive Andy Watson.