Insurer
Allianz would "love" to grow motor account, says CEO
End of year results for 2016 delivered a combined operating ratio of of 96.4%.
Discount rate a "pressure cooker waiting to blow" says Willis Towers Watson
If Ogden rate is changed to -0.5% cost of providing car insurance will rise by £700m per year and the one-off reserve charge could hit £4.9bn.
Moneysupermarket's Bruce Carnegie-Brown to be next chairman of Lloyd’s
New chairman to take the position in June as John Nelson retires.
Allianz returns to sub 100% COR in 2016
Premium at insurer shrinks as profits rise.
Allianz posts drop in revenues but rise in profit for 2016
Operating profit in its property and casualty division fell 4.2% for the year.
Axa launches commercial mid-market app
New service for eight sectors will include insurance trade news aggregation.
Junction partners with SunLife
Five-year partnership includes home and motor policies.
Underlying business healthy at Ageas, says CEO Watson
Insurer boss admits results have been dominated by three exceptional items.
Ageas UK results hammered by Q4 2016 loss
Insurer drops from €29.5m annual profit in UK for 2015 to €56m loss.
AIG suffers $3bn Q4 loss
Commercial insurance COR for last three months of 2016 hits 241.6%.
Hiscox launches two new PI products
Policies target the media and creative industries.
A-Plan backer HGCapital set to swoop for KGM Insurance
Two businesses to sit as independent firms in the new ownership structure.
Insurance division unaffected as Co-op Bank puts itself up for sale
The Co-operative Group will continue to own Co-operative insurance.
Profits up for Zurich UK in 2016
Operating profits up to £147m as COR recovers over 12 points to 97.1%.
Broking Break: Your Top Five
Products and changes in capacity arrangements were the favourite stories of the past week while GRP’s biggest ever UK retail broker buy topped the charts.
RSA ends roofers and scaffolders capacity with Pen
Insurer and MGA still working together on other business lines.
Iprism teams up with Qatari Insurance Company to replace Gable capacity
The move affected construction, property and casualty business.
PPI complaints account for half of FOS’ workload
The ombudsman opened 36,065 new PPI cases between October and December last year.
#insagepeople: 06 - 12 February 2017
Keep up to date with the latest people moves.
Beazley posts 3% pre-tax profit rise
Insurer reports 6% GWP increase, but a slightly deteriorating COR for 2016.
Broking Break: Your Top Five
Towergate and Allianz hogged the limelight this week while brokers were also interested in a $200bn insurance stress test.
XL profits fall in 2016
CEO confirms it was an “undoubtedly” challenging year.
Broking break: And finally...
Mark Ashwood of Allianz explains why he would like to have worked with Sir Alex Ferguson while Igo4’s Matt Munro wants to insure the Millennium Falcon
Claims restructure will benefit brokers, says Allianz
Insurer says 150 potential redundancies are related to its direct and corporate partner business.