Insurer
Admiral grows customer base but turnover droops
Admiral has reported an expanded number of total group customers at the end of Q1, but noted that group turnover has fallen by 7% to £514m (2013 Q1: £551m)
Storms push Ageas to £4.6m Q1 loss
Storm and flood losses damaged Ageas’ financial performance in Q1, with the insurer swinging to a £4.6m loss.
Biba 2014: Brokers to be briefed on add-on products by Axa Assistance
Axa Assistance will provide brokers with regular customer research findings on the sale of add-on products along with updated product information, a review of policy wordings and clearly defined customer benefits.
Catlin's GWP increased 9.3% in first quarter
Gross written premiums at insurer Catlin climbed 9.3% in the first quarter of 2014 to $2.01bn compared to $1.84bn in Q1 2013.
FIFA extends World Cup injury insurance
FIFA has extended its insurance coverage for players on national team duty that are injured before its squad deadline date of 26 May.
Ace launches mobile app for web trading platform
Ace has launched a mobile ipad app for its web-trading platform, Ace Online, which allows brokers to quote and bind new business on behalf of clients.
Whiplash reform consultation criticised for being ‘vague’ and ‘watered down’
Fixed fees for medical reports among areas of concern for stakeholders
Pioneer appoints two new non-execs
Pioneer Underwriters has appointed of Ian Clark and Eamon Brown as non-executive directors, with immediate effect.
Bexhill records 10% increase in lending
Premium finance provider Bexhill has reported a nearly 10% increase in lending on the same period last year.
Penny Black's Insurance Week - 15 May 2014
As a faithful dress code follower, Penny was horrified at the wide-ranging interpretation of ‘cocktail attire’ on display at the recent Headline Money Awards.
ERS to launch two motor products at Biba conference
ERS is launching two new motor solutions at the Biba 2014 conference in Manchester.
Brit chalks up marginal GWP growth in Q1
Growth of 8.2% within Brit’s direct business contributed to group-wide gross written premium of £336.5m in the opening three months of the year (Q1 2013: £332.6m).
ABI calls for small claims limit increase
The Association of British Insurers is urging government to increase the small claims limit from £1000 to £5000 to help ensure the fall in motor insurance premiums can be sustained.
Brit snaps up renewal rights to QBE's aviation business
Brit has reached an agreement to acquire the renewal rights to QBE’s London-based dedicated Lloyd’s aviation business.
Japanese insurers to offer mandatory motor cover in China
Tokio Marine, NKSJ Holdings and MS&AD Insurance have been approved to offer mandatory motor cover in China.
In Series: Legacy Systems: time for an upgrade
How can insurers running on outdated legacy systems prepare themselves for the host of new data demands set to be ushered in by Solvency II?
BIBA: Manchester lowdown
With 2014’s BIBA Conference taking place in Manchester, Post asked industry movers and shakers about everything from their favourite local bands to Coronation Street
Head to Head: Add-ons
This year’s Biba conference, taking place at Manchester Central, has the theme ‘Customer, customer, customer’. With that in mind, Post asked some leading industry figures to go head-to-head on the burning customer issues.
Regional Review: Manchester
Ask a member of the Mancunian insurance workforce what the benefits of being located in the city are and they’ll likely respond with: “Where do I start?”
Fraudulent fiancé who lied about 'stolen' ring avoids jail
A deceitful fiancé who tried to con his insurer out of £20 000 by claiming his wife-to-be’s engagement ring was stolen while on holiday in Brazil has been slapped with a fine and a suspended prison sentence.
Constructaquote.com rebrands to attract SME users
Comparison website constructaquote.com has rebranded its website to appeal to the SME market as a business insurance provider.
Legal update: International Law: Whose law is it anyway?
Alistair Kinley and Angel-Maria Sealy outline the ramifications of a case that resulted in much deliberation over whether English or German law should be followed
Head to Head: Claims Ratios
This year’s Biba conference, taking place at Manchester Central, has the theme ‘Customer, customer, customer’. With that in mind, Post asked some leading industry figures to go head-to-head on the burning customer issues.
Winter storm claims total upwards of £2.1m for Cornish Mutual
Cornish Mutual has revealed the cost of claims following “unprecedented” storms earlier this year have topped £2.1m.