Insurer
XL COR improves to 92.2%
XL’s property and casualty combined operating ratio has improved to 92.2% in the first nine months of 2013, from the 92.7% reported for the same period in 2012.
RSA, Aviva and Lloyds subsidiary in frame for storm losses says Moody’s
Losses from the St. Jude’s Day storm are expected to suppress insurer’s 2013 profitability, particularly against the backdrop of declining premium rates in property insurance in recent quarters.
UK General hires ex-BMW Financial Services manager Binns
UK General has appointed former BMW Financial Services manager Andrew Binns to the role of schemes director for motor ancillary products.
Aviva launches cycling safety campaign
Aviva is seeking to reduce the number of incidents involving large goods vehicles and cyclists by launching a campaign.
Allianz names new head of sales and marketing
Allianz Retail Simon Cook as head of sales and marketing, broker and corporate partner.
Europe: Changing the channel
In a competitive market such as insurance, industry players need to keep up with their customers to target the most effective channels for communication and engagement.
Ex-Lorega CEO Sims resurfaces at AIG
AIG has appointed former Lorega chief executive John Sims to the role of UK head of its high net worth arm Private Client Group.
Government founds group to promote Islamic finance
The government has announced the latest part of its plan to make Britain a leading Islamic finance centre, unveiling a new group to drive the growth of shariah-compliant financial products.
Mapfre‘s net income rises 4.3% driven by international business
Spanish insurer Mapre posted net income of €683.9m for the first nine months of 2013, a 4.3% increase on the previous year’s total.
Mapfre net income rises 4.3% in first nine months
Spanish insurer Mapre posted net income of €683.9m for the first nine months of 2013, a 4.3% increase on the previous year’s total.
Post Magazine - 31 October 2013
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.
Interview: Hugo Wynn-Williams: Steadying the ship
Amid the ongoing economic downturn and the constant threat of piracy, Thomas Miller chairman Hugo Wynn-Williams explains how the protection & indemnity sector is navigating the choppy waters.
Penny Speed meets... Gail Cook Head of UK Financial Lines at Zurich
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…
Penny Black's Insurance Week - 31 October 2013
Law Society chairman Des Hudson shared a joke with his audience during his speech at the annual Motor Accident Solicitors Society conference this week.
C-Suite: It’s time to get personal
The increasingly connected world presents greater challenges for insurers – they must rise to the task.
Gable to raise up to £10.7m through share placing
Non-life European insurer Gable Holdings intends to raise up to £10.7m through a placing of up to 17 690 001 new ordinary shares and a subscription of 1 764 544 new ordinary shares both at 0.25p a piece.
Hiscox culls 32 firms from legal panel
Hiscox’s UK retail business has reduced the number of firms it works with for claims legal advice from 45 to 13 firms.
GI sector fears ABI restructure will push its issues down the pecking order
General Insurance will merge with life and pensions and be led by Huw Evans.
RSA performs offshoring U-turn as customers demand UK call centres
Closure of insurer’s customer-centric Indian call centres to create 350 UK jobs.
Insurers frustrated as MoJ defers increase in small claims track threshold
Justice Secretary confirms medical expert panels will be introduced for whiplash.
Insurers set to pay the price after St Jude storm wreaks havoc in the South
Property damage from fallen trees expected to be among major costs.
Editors comment: Trick or treat?
Aviva has done it this year, as has QBE, while brokers such as Towergate have got in on the act too – but now it seems it’s the trade bodies’ turn to follow suit.
Is Singapore becoming more attractive than Hong Kong?
In recent years the industry has seen a slew of insurers announce that Singapore would now be their regional headquarters while more could be in the pipeline writes Justin Harper.