Insurer
Paterson denies breakdown in flood negotiations
Environment secretary Owen Paterson has rejected claims that government talks with the Association of British Insurers have "stalled".
Towergate reports £42.4m Q3 pre-tax loss
Towergate has reported a 5% increase in its third quarter earnings, published today, but reported a total group loss before tax of £42.4m (Q3 2011: £41.6m loss).
Asia tops list for serious underinsurance says Lloyd's
States in many high growth countries are shouldering the burden of excessive natural catastrophe losses due to low levels of insurance penetration, Lloyd’s has warned.
Insurance Europe repeats urge for Japan to abide by GATS
Trade body Insurance Europe has criticised the approval of a new Japan Post Insurance education product as disregarding the competition concerns expressed by international organisations.
GAB and Crawford deal with increased claims volumes from weekend floods
GAB Robins saw claims volumes increase by 50% today and expects that figure to grow as rainfall spreads from the south west to Wales and the north of England.
ABI urges MPs to pressure government on flood talks
The Association of British Insurers has written to members of parliament urging them to call on the government to rethink its decision to refuse to provide a temporary overdraft for a flood insurance fund.
Barbon promotes Tye to underwriting director
Property insurance and lettings insurance specialist Barbon has appointed Paul Tye, pictured, as its new underwriting director.
Covéa to grow apprenticeship scheme
Covéa Insurance is planning to extend its apprenticeship scheme having created six new full-time roles in its Halifax and Reading offices this year.
Skuld expands specialist marine offering
Marine insurer Skuld has formed a new unit within its Lloyd’s syndicate 1897 that will offer combined physical damage and liability cover to ports and terminals worldwide.
Aviva rallies to help flood-hit policyholders
Aviva has been providing alternative accommodation and interim emergency payments for policyholders in the weather-beaten Midlands, southwest and the west of England.
Aviva launches updated behavioural driving app
Following its launch in August, Aviva has moved to improve its telematics app, and now says the software could save drivers up to 20%.
Broking network Ten Insurance signs up two new members
Independent commercial brokers network Ten Insurance has signed up two new members in the form of Professional Indemnity and Pure Risks.
Randall & Quilter buys Finnish reinsurer
Randall & Quilter Investment Holdings has reached agreement to acquire the entire issued share capital of Finnish domiciled reinsurer Alma Insurance Company from Tapiola General Mutual Insurance Company, subject to change of control approval by the Fin…
Floods hit southeast as storms move north
Around 816 homes were flooded and two people died over the weekend after the country was hit with a deluge of rain.
'Flood insurance talks with government have broken down,' admits ABI
The Association of British Insurers has confessed that talks with government on reaching a joint solution on long term affordable flood insurance have broken down, describing the situation as “impasse”.
Sandy to cost Swiss Re $900m
Swiss Re has estimated that its claims burden from superstorm Sandy will cost $900m, net of retrocession and before tax.
Aviva policyholder action group slams 'ancient regime' as Moss’ NEDs stay on board
The Norwich Union Policyholder’s Action Group has criticised Aviva for retaining the four non-executive directors who sat on the board during former chief executive Andrew Moss’ tenure.
UK flood damage could top £1bn in 2012, says PWC
British insurers face the worst year of flood claims since 2007, and costs are likely to be passed on to customers, according to PWC.
GAB Robins receives claims from Wales after overnight flooding
GAB Robins has received several weather-related claims from north wales and south west England as the stormy weather continues to batter the country.
Five suspected insurance fraudsters arrested in Sunderland
Northumbria Police have arrested five suspected insurance fraudsters after a search at an accident management company in Sunderland.
Study could pave way for insuring CSS risks
A group of insurers claim to have found a way to remove barriers to the development of Carbon Capture and Storage technology in Europe, paving, paving the way for more effective action to prevent climate change.
Aviva warns on storm forecast
Storms and flooding are set to continue into the weekend across the UK, Aviva has warned, with the south west and Wales bearing much of the brunt.
DLG could dispose of unprofitable assets, analyst warns
Analysts at Investec have warned that Direct Line Group could offload parts of the business not delivering adequate profits in an attempt to boost performance.