The Competition and Markets Authority has opened an inquiry into Bupa Insurance’s proposed merger with CS Healthcare, a Friendly Society with approximately 18,500 members originally set up in 1929 to provide health insurance cover for members of the UK…
Eleven days apart in June, two of the UK’s mutual insurers – Police Mutual and LV – made announcements regarding their futures. Their decisions herald challenging times for the mutual model.
After a rigorous week interviewing rising insurance stars up and down the country, the field has been whittled down to six candidates, all competing for the prize of becoming the 2020 Claims Apprentice.
The Police Mutual Group will become part of life and pensions mutual Royal London, a move driven by a need to bolster its financial position, according to Police Mutual CEO John Perks.
The Association of Financial Mutuals has appointed Jane Nelson, CEO of the Oddfellows friendly society, as its chair.
The Jersey Mutual Insurance Society is being investigated after ‘historic accounting activities’ were uncovered.
Mutual protection and indemnity club, The Standard Club, will withdraw from underwriting at Lloyd’s in 2019.
Marine delay insurer, The Strike Club, has announced plans to merge with fellow mutual marine insurer The Standard Club group.
The regulatory landscape is constantly evolving, With this in mind, Post asked a number of senior insurance figures about some of the most pertinent changes that are afoot from GDPR to the IDD, and how they would like the situation to develop in a post…
With their restrictive covenants expiring at the end of 2017, the former LV general insurance management are now free to re-enter the market. Jonathan Swift speaks to the quintet about their new consortium ABC Investors, digital innovation and what it…
CEO, Covéa Insurance
Infopro Digital's offices are now closed until Tuesday 2 January 2017 for the festive period. We would like to take this opportunity to wish you all a very Merry Christmas and a Happy New Year from the Post team.
With four mutuals making the UK top 20 insurers rankings for 2017 and results outperforming the rest of the market, mutuality is a sector to watch, especially as it is easier to innovate without constant shareholder pressure
In 2016 the Financial Conduct Authority released a raft of proposals that examined potential changes to the way the Financial Services Compensation Scheme was funded.
Mutuals in the general insurance market are causing their publicly owned rivals to sit up and take notice
Three-quarters of the world’s biggest cooperative and mutual insurers saw positive premium growth in 2014, and 18% saw double digit growth in the same year.
Oslo-based Skuld has seen an improvement in its combined operating ratio to 95% (2014: 99%) but reported a flat bottom line result of $13m for 2015 (2014: $13.5m or £9.3m).
The Chinese government is supporting the development of the mutual market according to the country's regulator.
Globally there has been a 20% rise in the number of jobs at mutual insurers since the financial crisis, according to a report.
Mutual reinsurer Pool Re has increased its reinsurance programme from £1.8bn to £1.95bn, after renewing cover it bought last March for a further three years.
The boards of the Britannia Club and the UK P&I Club have entered into merger talks.
In an insurance market where seemingly never-ending new capital results in a perpetually soft market, with large insurers capable of undercutting their smaller competitors, the established expertise of specialist mutuals will continue to provide an…
Marine mutual insurer The Shipowners’ Club has delivered an improved half year combined ratio of 87% to August this year (2014: 95.5%), with a small underwriting surplus of $12.9m (£8.4m) on the 2015 policy year (2014: $4.6m).
LV chief operating officer Peter Horton has left the insurer.