Insurer
Willis appoints new MD for Asia Global Solutions
Global broker Willis Group has appointed a new managing director and divisional director for its Asia Global Solutions (International) team.
Zurich to cut 342 jobs in personal lines restructuring
General insurer Zurich plans to cut 342 jobs at five of its UK offices by the end of 2014.
Barclays sets aside £300m more for PPI
Barclays Bank has announced an interim statutory loss before tax of £475m (2011: £1,655m profit), including an additional provision of £300m for payment protection insurance redress.
Canopius in US tie-up for Omega buy
Canopius has said its takeover of Omega will be funded partly by issuing new shares representing a 30% increase in shareholders' equity and a deal with US insurer Tower Group.
'Encouraging' Aspen Q1 results affected by Costa Concordia
Aspen has reported Q1 net income after tax of $78.7m (£48.6m), leading chief executive Chris O'Kane to describe his firm's early results as "encouraging" despite insurance results being affected by the sinking of the Costa Concordia.
BHSF surplus slashed by economic woes
Birmingham-based health insurer BHSF has reported premium income growth of 1.6%, but a sharp fall in surplus before tax to £1,038m compared with £3,465m for the previous year.
Engineering 'holds the key' to whiplash, says Thatcham
Thatcham Research reiterated its approach to the UK's whiplash "epidemic" at the Lyons Davidson International Whiplash Conference in Bristol.
Englehardt happy with 'good start' as Admiral turnover increases
Admiral chief executive Henry Englehardt says his full year expectations remain on track following a first quarter which yielded a 9% increase in group turnover from £539m in Q1 2011 to £586m.
Canopius swallows Omega for £164m
Omega bosses have agreed to a takeover by Canopius and will recommend the 67p a share cash offer in a deal worth £163.6m.
Spotlight On Technology: The age of uncertainty
With conventional wisdom being challenged in recent years, clarity over what models can and cannot do is urgently needed.
Your say: The challenge for LEIs
The sustainability of the traditional legal expenses model with its in-house legal operations is back on the agenda as some of the larger players in the sector implement rate rises.
View from the Top: Waiting for the next bus?
Core skills and expertise lead to success not waiting, says David Smith.
Spotlight On Technology: The developing world
With technological developments gathering pace, how will insurers cope with the influx of new gadgets and remain innovative?
North of the Border: A change in equity law for Scotland?
The Lloyds TSB Foundation for Scotland is an independent charitable organisation, and one of four that distributes 1% of pre-tax profits for the bank to various charities.
View from the Top: Time to get a new haircut
The obsession with market cycles has to stop, says Brendan McManus.
Claims Club News: RSA looks to improve retention levels among ‘Generation Y’
RSA has increased investment in motor e-claims to improve retention levels among Generation Y customers.
Claims Club News: Savill suggests light-touch approach to portal system
The insurance and claimant industries should consider a light-touch approach to improve the Road Traffic Accident Portal system, according to Lyons Davidson managing director Mark Savill.
Claims Club News: 92% of underwriting fraud matches go undetected
The Insurance Fraud Register reveals that current industry controls fail to uncover the vast majority of underwriting fraud matches.
RSA leads charge as Northern Ireland sheds no-go image among insurers
RSA last week pledged to invest £5m in Northern Ireland, intent on becoming the country's leading insurer, but local analysts are divided as to whether this will prompt a flurry of interest in the market or whether its small size will continue to…
Telematics will be compulsory within a decade, claims MDS boss
It could be impossible to get motor insurance without some sort of telematics device within 10 years, according to one provider.
ABI and credit hire firms establish working party for GTA portal
The Association of British Insurers and the credit hire industry have formed a working party to establish a general terms of agreement portal for road accident claims with hire charges.
Interview: Be Wiser chairman Mark Bower-Dyke - a convert to the cause
After joining the insurance industry for the money, Be Wiser chairman Mark Bower-Dyke shares his frustrations of short-termism and the lack of training, and explains why telematics is not the answer to the ills of the motor market.
Support for Direct Line Group's debt issuance plan 'delights' bosses
Direct Line Group bosses have expressed their "delight" after more than 40 financial institutions declared their support for the firm’s £500m planned subordinated debt issuance.
Aviva criticised for 'window dressing' in management reorganisation
Aviva chief executive Andrew Moss's announcement that Igal Mayer, executive director of Aviva Europe, was out on his ear as part of a reorganisation to cut out a £102m layer of management, came as a surprise.