ABI to address SME failings after UK regulator’s review
25 May 2015
The Association of British Insurers says it will work to improve areas found wanting in a Financial Conduct Authority review, including underinsurance and customer service…
International
Weak euro hits Amlin Q1 result
25 May 2015
Lloyd’s insurer and reinsurer Amlin has reported gross written premium of £1.26 billion for the first quarter, down from £1.28 billion in the corresponding period last year…
Ombudsman points finger at UK loss adjusters
25 May 2015
The number of complaints to the UK Financial Ombudsman Service concerning buildings and contents insurance increased 10% to 4510 in the year to March 31…
Allianz marks a century in the air
25 May 2015
Allianz is celebrating the 100th anniversary of its aviation underwriting business, which started out insuring airships…
UK tech group records double-digit growth
25 May 2015
Innovation Group has announced 11% revenue growth to £112.8 million and a 13% rise in net profit to £11.3 million for the six months to March 31…
Cyber cover defies global rate slide
18 May 2015
Global commercial insurance rates fell for the eighth consecutive quarter in the three months to March 31, according to Marsh…
Record broker sales drive M&A activity
18 May 2015
Global merger and acquisition activity in insurance has picked up in recent months, driven by a record number of broking acquisitions and a better economic outlook, according to Swiss Re…
Willis Re unveils global catastrophic loss facility
18 May 2015
Willis Re has set up a $US400 million syndicated reinsurance facility to give insurers broad protection against catastrophic and systemic loss…
P&C premium growth lifts Allianz profit
18 May 2015
Allianz says net profit increased 11% to €1.82 billion in the first quarter, thanks to strong premium growth in property and casualty and a record profit in life and health…
BIBA aims to build on new code of conduct
18 May 2015
The British Insurance Brokers’ Association has unveiled its long-awaited voluntary code of conduct for members…
Exor sweetens bid for PartnerRe
18 May 2015
Italian investment group Exor has upped the ante in its hostile takeover bid for PartnerRe, raising its offer from $US6.4 billion to $US6.8 billion in cash…
Liberty Mutual makes gains despite weather losses
18 May 2015
Liberty Mutual increased profit by 4% to $US276 million in the March quarter…
Hiscox welcomes ‘excellent’ start to year
18 May 2015
Bermuda-based specialist insurer Hiscox has reported a 12% increase in gross written premium to £561.7 million for the March quarter…
HDI-Gerling parent reports profit rise
18 May 2015
Talanx, the parent company of HDI-Gerling Industrial Insurance, has reported first-quarter net income of €251 million, up 16.2% on the corresponding period last year…
Guy Carpenter names new CEO
18 May 2015
Reinsurance broker Guy Carpenter has appointed Willis Re Chairman Peter Hearn as CEO…
British regulator warns on payment options
18 May 2015
UK brokers, insurers and comparison websites have been warned to provide clear information to retail customers on the cost of payment options for home and car insurance…
Growing competition dents premium growth
11 May 2015
Primary insurance premiums in the industrialised economies are expected to come under pressure amid a more competitive landscape, according to Munich Re’s annual Insurance Market Outlook…
PartnerRe takeover battle turns hostile
11 May 2015
The two-way battle for control of Bermudan reinsurer PartnerRe has turned hostile, with Italian investment group Exor pressing ahead with its offer despite being rejected…
Pressure on as Solvency II nears
11 May 2015
Insurers will remain cautious when managing capital in the lead-up to the January 1 implementation of the Solvency II European regulatory system, Moody’s says…
Nepal quake insurance losses will be low
11 May 2015
Initial economic losses from the Nepal earthquake may exceed $US5 billion, according to Impact Forecasting’s global catastrophe report for last month…