Insurer
Aviva’s UK commercial lines COR hits 112.3% for 2016
Personal lines comes in at 104.6% as both lines impacted by Ogden rate change.
Ogden hits Aviva UK COR as it rises to 106.3%
UK GI performance was described as “strong” with net written premium increasing by £341m.
GI profits up at L&G for 2016
Provider posts COR of 89% - identical to 2015.
AIG prepares for Brexit with new Luxembourg insurance company
Insurer will have two European subsidiaries from 2019.
Ogden takes 25% off Admiral profit for 2016
Admiral’s UK aggregator site’s profit hits £16.5m but the group’s profit share falls to £284.3m due to Ogden.
Video: Aviva, AIG, XL Catlin and Zurich discuss importance of brand within insurer marketing strategies
Insurers are becoming more sophisticated in their quest to deliver 'brand value' given the growing number of marketing channels available to deliver their messages.
DLG takes Ogden profit hit
Broker business NIG "stabilising” and direct commercial grows GWP but adjusted discount rate takes a chunk from group profits.
The FCA spent over £400,000 on AR thematic review
Review which found "significant shortcomings" cost the regulator £417,669.
Ryan Direct Group silent on JC Flowers rumours
Firm declines to comment on rumours of deal with the buyer of UK General.
Editor’s letter - March 2017
“For brokers… conversations with clients, who will see bills rising, are going to get even more complicated”
UK General sold to JC Flowers
The deal does not affect other parts of Primary Group such as One Commercial, Rural Insurance or Lorica.
Video: Succession planning (5) – market dynamics
The opportunities for buyers in the regional market.
Ageas to make 77 roles redundant
A formal 30-day consultation period begins today and the final decision will be announced by the middle of April, Ageas' boss said.
Video: Succession planning (4) – the range of funding options
The different sources of funding for MBOs or selling up and leaving the business come under the microscope.
Operating profit down 5.2% down at Gocompare for 2016
The comparision site saw revenue up by 20% to £142.1m (2015: £119m).
Profits and GWP up at Hastings in 2016
Company allows £20m impact of discount rate change.
The Chartered Body Alliance launches
The CII teams up with other professional bodies to promote professionalism in financial services.
Video: Succession planning (3) – criteria for success
Aviva’s Phil Bayles on being about clear about the goals when undertaking succession planning.
Chancellor and ABI chief issue joint statement on discount rate
ABI and fifteen insurance bosses involved in discussions in Downing Street.
News analysis: Lloyd’s booze ban splits opinion
The market reacts to prohibition on daytime drinking
Insurers descend on Chancellor to fight discount rate cut
The market has warned that the “crazy” change could see some motor premiums rise by £1,000.
Video: Succession planning (2) – people
Having taken an overview of the market Aviva’s Phil Bayles looks in detail at how to prepare succession plans that meet the needs of staff and customers.
Allianz refreshes D&O cover
Updated policies include kidnap and ransom cover and data protection officers.
QBE's retail business performed well, says Pryce
QBE Europe chief also said he welcomes a review of the discount rate as quickly as possible.