Insurer
Egan not happy with RSA UK results and pledges renewed broker focus
New CEO Scott Egan addresses criticism that RSA is tough to trade with and commits to making it easier for regional brokers to work with the insurer as the provider reports an underwriting loss of £106m in 2018.
Arag buys the Das Irish business
The Irish office will be managed by the UK team and the move assists with potential issues arising from Brexit.
FCA publishes Brexit guidance for general insurance firms
The regulator has issued the information for companies to use in the event of hard or soft Brexit and urged brokers to act “without delay”.
RSA reports "disappointing" 2018
The Group lamented "poor results" in its commercial lines division as the company reported further underwriting losses in its UK business.
QBE launches Business Combined product on Open GI
The policy is now accessible for brokers on the Powerplace and Mobius platforms.
#Insagepeople: 25 February - 1 March 2019
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Ascent adds physical damage to cyber product
Product is backed by Munich Re and designed for businesses of all sizes.
InsurTech Futures: SSP teams up with Honcho
Software house's customers will have access to platform aiming to disrupt price comparison websites.
Successor announced for CEO Geddes at Direct Line
Penny James, CFO at the insurer is set to take the helm from 9 May this year.
Customer trust in insurance drops
Research is published just a day after a Go Compare study claimed customers are caught in a £1.2bn auto-renewal “loyalty trap”.
ABI slams “unforgivable” no-deal Brexit
Huw Evans described it as an act of economic and social self-harm and outlined potential damage to the insurance sector.
RSA hires Charlotte Jones as CFO
She takes over from Scott Egan, who moved into the UK & international CEO role following Steve Lewis' departure.
Axa staff sentenced for data theft
‘Wolf of Manchester’ case sees an employee and ex-employee of the insurer, along with two others who ran a claims management company, get suspended sentences for their roles in exploiting and selling customer data.
Profit, COR and GWP all improve at Hiscox
COR is 94.4% for the group but UK reports broker “indigestion” as the provider beds in new systems and admits changes had a knock-on effect on service. Plus insurer reveals Brexit costs.
QBE Europe posts GWP rise for 2018
COR also improved, while provider's insurance profit dipped slightly compared to 2017.
Germany extends passporting rights for UK insurers
The country has adopted some special provisions in case of a no deal Brexit.
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#Insagepeople: 18 - 22 February 2019
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Axa UK reveals growth in commercial lines
But personal lines revenues dip, while COR for the UK & Ireland business improves slightly.
Qatar Re reveals Markerstudy deal cost
Price published in the company's financial results for 2018.
Ageas' profitability back to pre-Ogden levels
CEO Andy Watson says motor was the "star of the show" in 2018, comments on Brexit preparations and addresses potential redundancies in Stoke and Port Solent offices.
NIG develops Brexit stock cover extension
Updated: It has been added to a number of lines following reports about companies increasing the level of stock-piling to prepare for the UK leaving the EU.
Ageas UK sees profit jump in 2018
COR improved to 96.8% for the year, but GWP fell across all of its divisions as results are announced amid business restructure.
Ageas hires Jonathan Price as CFO
Price replaces Fernley Dyson who has moved across to Allianz.