Insurer
Allianz prepares to close operations in Milton Keynes and Bristol
A total of 98 roles will be impacted following Allianz’s decision to close its commercial operation in Milton Keynes and its business insurance centre in Bristol.
FCA urges insurers to investigate claims experience following review
Insurers should do more to collect information from a range of sources throughout the claims process in order to better understand consumer experience, according to the Financial Conduct Authority.
Europe: W&I insurance
Despite M&A activity being on the wane thanks to the recession, a new player is emerging in the form of W&I insurance
Axa tops Brokerbility's insurer service poll
Axa received the highest satisfaction score in Brokerbility’s biannual survey of insurer service standards.
FCA review highlights satisfaction with household and travel insurance
The findings of the Financial Conduct Authority’s thematic review on household and travel insurance show 64% of policyholders were satisfied with the service they received.
Adrian Brown offloads £884k of RSA stock ahead of Gallagher move
RSA’s outgoing UK and Western Europe chief executive Adrian Brown has sold 180 000 RSA shares ahead of his departure to Gallagher.
Axa Assistance partners with Footman James in classic car deal
Axa Assistance has unveiled a new breakdown assistance product for classic car owners in partnership with Towergate-owned Footman James.
Saga lowers float price range
Saga has narrowed the price at which it will sell shares in an upcoming London Stock Exchange floatation, moving towards the lower end of the range.
Amlin sees UK GWP slide for Q1
Amlin has recorded drooping gross written premiums for its UK market business in the first quarter of 2012, while the insurer notched improved figures at a group level.
66 insurer CEOs commit to Geneva Association Climate Risk Statement
66 chief executives of the world’s leading insurers and reinsurers have confirmed their commitment to The Geneva Association’s Climate Risk Statement.
Gallagher subsidiary to become captive giant following HIM deal
Artex Risk Solutions has tied up its first acquisition outside of North America in the form of the specialist captive and insurance management arm of Guernsey-headquartered Heritage Group.
RSA ‘absolutely’ committed to UK motor despite axing 800 brokers
RSA has reaffirmed its commitment to the UK motor market in spite of its decision to sever ties with personal lines brokers where portfolios are dominated by the troubled business class.
Gill to lead Allianz's 'refreshed' Newcastle branch
Allianz Commercial has appointed former northern regional underwriting manager Mike Gill to head up its Newcastle office.
RSA cutting more than a third of personal motor brokers
RSA is to reduce the number of personal motor broker relationships by 35%, axing partnerships primarily led by motor cover.
Cyber fears top SME risk index
Small to medium sized businesses believe they are facing more risk than at any time since the first quarter of 2013, according to Zurich’s SME risk index.
Pool Re recruits Sir Brian Bender as NED
Sir Brian Bender has joined terrorism reinsurer Pool Re as a non-executive director.
Post magazine – 22/29 May 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.
Editor's comment: Is the Flood Re tide turning?
News the Flood Re scheme has flowed further down the river towards implementation next year has failed to dampen hopes among vociferous industry and political figures that excluded groups will be provided for.
Uswitch eyeballing London float
Price comparison site Uswitch is reportedly considering plans for a stock market float, after an August management buy out.
Insurers predict Riot Act rethink after Sony fire ruling in industry’s favour
Parliament ‘almost certain to change the law’ regarding consequential losses
Insurers told to cut losses in motor amid ongoing competition concerns
Hiscox AGM sees 42% of shareholders vote against remuneration policy
India government eyes foreign investment increase
The new government of India wants the long-mooted change to the foreign direct investment cap back on the political agenda.
Fall in general insurance complaints to FOS linked to FCA investigations
Motor remains most-complained-about class of business
Lloyd’s could face claims from missing Malaysian plane’s search operation
Flight MH370 loss is higher than initial estimates due to ongoing search