Insurer
C-Suite - Insurer: Flood Re is a PR time bomb
Flood insurance must be all-inclusive, for the sake of both UK homes and the industry’s image.
Ace becomes a chartered insurer in the UK
The Chartered Insurance Institute has awarded chartered insurer status to Ace Group's UK retail property and casualty operations.
Career file - Mike Holliday-Williams RSA’s Holliday-Williams to replace Woolgrove at DLG
Direct Line Group has recruited RSA Scandinavia chief executive Mike Holliday-Williams to replace outgoing UK personal lines managing director Tom Woolgrove.
Market Moves - 13 March 2014
Post takes a look at who has moved where in the insurance industry this week.
Household: On steady ground?
How is the household insurance market coping with the cost of claims from extreme weather events and the aggregator‑induced focus on pricing?
International: Asia: Living with disasters
The insurance community is playing an increasingly important role in helping vulnerable communities in Asia adapt to climate change both before and after a disaster.
Legal Update: Jurisdiction: Noteworthy arguments raised in pre-Rome II German road traffic accident case
Alistair Kinley details an ongoing case with ramifications for claims with foreign elements.
In Series: Data: Weeding out fraud
With organised fraud costing the insurance industry an estimated £392m a year, is increased use of data the key to winning the battle?
ABI calls for market specific look into add-ons
The Association of British Insurers has criticised today’s Financial Conduct Authority report into general insurance add-ons as being “generic” and is calling for the regulator to take a market specific approach.
More self-insurance schemes likely after FCA add-ons report
The Financial Conduct Authority report released today on general insurance add-ons could see the establishment of alternative forms of self-insurance, according to EY.
Equinox appoints Joseph as senior credit analyst
Equinox Global has appointed John Joseph as a senior credit analyst in its London office.
FCA must pursue ‘big boys’ first on add-ons
A compliance expert is calling for the Financial Conduct Authority to pursue the “big boys” first on general insurance add-ons mis-selling and demand retrospective action where mis-selling has taken place.
Esure posts 89.7% COR for 2013
Esure group posted a 2.5% rise in profit before tax to £118.4m in its first year as a listed company.
FCA plans overhaul of GI add-ons market
The Financial Conduct Authority has unveiled a shake-up of the £1bn general insurance add-on market after a study delivered a damning verdict on the level of competition within the sector.
Zurich to cut 800 jobs globally
Zurich is looking to cut 800 jobs across its global operations as the insurer looks to reduce costs and save $250m annually.
Allianz's Asia-Pacific arm hit by stronger euro
Allianz's insurance unit across 14 countries in Asia-Pacific saw revenues and profits fall as the euro appreciated against Asian currencies.
Allianz on cover for missing Malaysian Airlines flight
Allianz has confirmed that it is the lead insurer for Malaysia Airlines, the company whose flight MH370 disappeared on Saturday.
QBE looks to Ace for client engagement hire
QBE has appointed Jeff Carr as head of client engagement and multinational.
Axa to grow PI share to £25m through regional underwriting
Axa has begun recruiting specialist regional underwriters as part of plans to grow its professional indemnity book to £25m.
Avantia completes £57m MBO for 'aggressive' growth plans
Online property insurer Avantia has completed a £57m management buy-out backed by private equity firm ECI Partners.
Markel launches online collectors policy
Markel UK has launched an art and collectables product which will be available through its online broker trading platform.
Chase Templeton acquires Health Assist
Medical insurance specialist Chase Templeton has purchased Kenilworth-based business Health Assist.
Biba demands clarity on fair representation rules
Responding to the Insurance Contract Law consultation, The British Insurance Brokers’ Association has warned that brokers may face additional requirements on accuracy of customer data.
Helvetia posts 9.2% increase in profit after tax
Swiss insurer Helvetia Group increased its profit after tax by 9.2% to CHF 363.8m in the 2013 financial year.