Insurer
Insurers and brokers urge Competition Commission to ban all MFN clauses
Fears a ban could harm price comparison websites misplaced.
Editor's comment: A humane culling
Personal lines insurers and brokers have had enough. They have taken it lying down for too long and now they are making a stand and fighting back.
CII to ‘name and shame’ firms that fail to get behind apprenticeship scheme
Industry bodies launch initiative aiming to double apprenticeships by 2017.
Novae's underwriting profit climbs 50%; pays special dividend
Novae Group's underwriting profit was £48.9m last year, an increase of 50% over 2012 when it recorded £32.6m. As a result the Lloyd's insurer is paying a special dividend of 20p a share.
Post magazine – 6 March 2014
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Woolgrove not applying for permanent Flood Re CEO post
Flood Re interim chief executive Tom Woolgrove will not be applying for the permanent post currently being recruited for, the Association of British Insurers has announced.
Interview: Jake Hickinbottom: Is Gin the tonic?
The recently launched Graduate Insurance Network aims to provide new entrants to the insurance market with support and networking. Jake Hickinbottom, Gin chairman and Allianz graduate trainee, details his ambitious plans for the group.
Penny Black's Insurance Week - 6 March 2014
Penny has heard of pets looking like their owners, but pets named after their owner’s employer? That’s a new one.
Mutual insurer FM global reports 32% income rise
Business property insurer FM Global recorded a 32% increase in its net income to $1.02bn (£611m) for 2013 alongside a 2.7% increase in gross written premium to $5.6bn.
Penny speed meets... Nigel Phillips, commercial director, CDL
Being an insatiable socialite, Penny Black is always eager to probe the personalities behind the professional veneer of her industry friends. What better way to squeeze in and share as many intimate revelations as possible than her very own ‘speed…
Home emergency: State of Emergency
After facing strong criticism in recent months, key figures in the home emergency insurance market are keen to extol the cover’s virtues. What does the future hold for the under-fire sector?
BIA countdown: Young achievers look back: Q&A with Victoria Cuggy and Claire White
As part of Post’s countdown to the 20th anniversary of the British Insurance Awards in July, we spoke to two past winners of the Young Achiever accolade. Equity’s Victoria Cuggy won the award in 2006 for her work in managing the company’s compliance…
C-Suite - Insurer: Flooding issue will not drain away
Extreme weather is here to stay – the industry must adopt long-term measures to reduce property damage.
Mergers & Acquisitions: Buying with Confidence
2013 saw a rise in the number of mergers and acquisitions deals in the general insurance sector. Is this trend likely to continue, and where will firms look to grow their businesses?
In Series: Data: A smarter approach to flood risk
How can the industry use increasingly sophisticated data to assess flood risk more accurately?
Ask the Expert - Choosing between job offers
As the market has picked up, so has interest in my skill set, which is great. But now I am really torn between two offers. One is a better job offering less money - is there a way to use my other offer as an example of what the market rate should be?
Career file: Tom Stoddard - Aviva replaces Regan with ex-AIG bailout advisor
Aviva has replaced Pat Regan as chief financial officer with a leading member of the team that advised AIG through its 2008 bailout.
Market Moves - 6 March 2014
All the movers and shakers in recruitment in the insurance industry this week.
Brit confirms plans for April float in London
Brit has confirmed plans to float on the London Stock Exchange in an initial public offering will come to fruition in April.
Bryant touted as Lloyd's Hong Kong frontrunner after leaving Zurich
Dylan Bryant is being touted as the frontrunner to become Lloyd's general representative in Hong Kong after leaving his role as regional head of IPZ customer, distribution and marketing, Asia-Pacific, Zurich.
Money Supermarket profits surge despite “slowing” insurance business
Money Supermarket has revealed an increased dividend and profits up 40% for 2013, climbing from £24.8m to £34.7m, in spite of acknowledging that its insurance business slowed in the second half.
RSA's Holliday-Williams to replace Woolgrove at DLG
UK personal lines managing director Tom Woolgrove is to leave Direct Line Group, and will be replaced by RSA Scandinavia chief executive Mike Holliday-Williams.
Hiscox's move into direct general motor generates Asia platform
Hiscox is to use DirectAsia as a platform for growth in Asia as it moves into the direct general motor space after traditionally underwriting in the high end motor market.
Japanese insurers to shrug off snow, says Fitch
The worst snowfall in several decades in central and North-Eastern Japan is unlikely to damage the earnings profile of general insurers, says Fitch Ratings.