Insurer
C-Suite: MGAs must attract top talent
There are currently three kinds of managing general agents: broker‑driven ones that are used to prop up broker revenue streams; MGAs supported by one carrier, normally mono-product and geography; and the multi-product and wide geographic MGA supported by…
C-Suite: Let’s not lose it this Christmas
The festive season is the peak period for mobile phone loss, so make sure your data is protected.
Legal Update: Mesothelioma Claims: Ministry of Justice’s mesothelioma reforms only complete half the job
Nick Pargeter says the government is failing both claimants and insurers by abandoning fixed costs.
Review of the Year: General Insurance: A year of red tape
With the implementation of the Jackson reforms and the start of twin peaks regulation, reform and regulation dominated a mixed 2013 for the general insurance sector
Europe C-suite: Regulation and complexity behind rise in demand for German D&O policies
The complexity of the liability regime for directors’ and officers’ insurance and increased regulation is fuelling demand for German D&O policies.
Truell bolsters GI presence with stake in 'game changing' tech business
City financier Edmund Truell has acquired a significant minority stake in technology business Regulatory Efficiency Gains, which he believes will “completely change” the way the insurance market operates.
Fitch puts RSA ratings on negative watch
Fitch has placed RSA’s 'A' insurer financial strength rating on watch negative following the announcement of further reserve strengthening in relation to its Irish business.
Keycare unveils three board appointments
Lost and stolen keys insurance provider Keycare has made three board appointments.
Aspen merges UK property and liability teams
Global insurer Aspen will merge its UK property and liability underwriting teams from 1 January 2014.
Travelers joins IUA
Travelers Insurance Company has become the latest firm to join the International Underwriting Association.
Liberty Mutual appoints Leeds branch manager
Liberty Mutual Insurance, the commercial lines division of Liberty Specialty Markets, has appointed John Meehan as branch manager of its Leeds office from 31 December.
Investors urge RSA 'to solicit takeover bids'
Beleaguered insurer RSA has been ordered to put itself up for sale by several major investors, The Sunday Times has reported.
Brightside slashes 2013 forecast by 20%
Brightside Group has reduced its 2013 earnings estimate by approximately 20% after further capacity restrictions in the fourth quarter of 2013 adversely affected the broker’s online business.
IAG buys Wesfarmers' underwriting arms
Insurance Australia Group has bought conglomerate Wesfarmers' underwriting operations for A$1.85bn (£1bn) subject to regulatory approval.
Sompo Japan in talks to buy Canopius
Japanese general insurer Sompo Japan is in advanced talks to buy Lloyd's insurance group Canopius for around £600m ($970m).
Ageas joins the IFB
Ageas Retail business has become the latest firm to sign up to the Insurance Fraud Bureau.
Ecclesiastical exits non-charity care market
Ecclesiastical has confirmed it has withdrawn from the non-charity care home sector in a move which is expected to have implications for the sector.
RSA will pay Lee £824k through 2014
Former RSA chief executive Simon Lee will be paid £824 000 in monthly installments over the course of 2014 as part of the terms of his resignation.
Lee speculation took its toll on staff, claims RSA UK boss Brown
RSA UK and Western Europe chief executive Adrian Brown has maintained that although speculation on the future of Simon Lee hit staff at the insurer, service levels remained unaffected.
New laws have done little to curb whiplash culture, LV says
More than half of Britons have been contacted by a claims company and encouraged to make a compensation claim for injuries in the six months since the implementation of litigation reforms in April, research from LV has found.
Axa, Allianz and Zurich among 'corporate predators' circling RSA, claims analyst
Axa, Allianz and Zurich have been touted as likely bidders for RSA after the firm’s share price plummeted following news of chief executive Simon Lee’s “inevitable” resignation.
Post expands coverage to include international insurance news
Post is delighted to confirm Insurance Insight is now part of postonline.co.uk giving our subscribers a truly global insurance view on the industry.
FCA fines Porta Verde £25 000 for insurance mis-selling
The Financial Conduct Authority has fined Porta Verde Financial Services £25 000 after two of its appointed representatives mis-sold insurance, often to elderly and vulnerable customers.
Blog: Ex-RSA CEO Simon Lee, the David Moyes of insurance
It is fitting that in the week where David Moyes credentials as Manchester United manager are being sorely questioned following a run of home league defeats, Simon Lee has resigned as group chief executive of RSA.