Insurer
Hiscox CEO attributes profit jump to 2012 catastrophe fall
Bronek Masojada, CEO of Hiscox, has described 2012 as a “very good year”, following the release of its annual results.
Chase Templeton adds £5m premium income with broker buy
Private medical insurance specialist intermediary Chase Templeton has purchased Hampshire-based broker UK Independent.
Profits down but Allianz keeps commercial COR below 100%
Allianz has reported a reduction in operating profit of 4.3% to £161.5m for 2012, down from £168.7m in 2011.
Hiscox reports improved GWP, profit and COR
Hiscox has reported gross written premium of £1.6bn for 2012, up from £1.5bn in 2011.
AIG reports $6.6bn profit for 2012
AIG has delivered a $6.6bn [£4.33bn] post-tax operating profit for 2012, up considerably from the $2.1bn achieved the year before.
Broker Apprentice Task Two: Regulation Overhaul
I thought this was a good task for the young brokers because I suspected regulation is an area which they haven't had much to do with in the past.
Axa scoops up Slade Edwards' mobile catering scheme
Axa Commercial Lines & Personal Intermediary has swooped for Slade Edwards Insurance Brokers' mobile catering scheme following the broker motor market withdrawal of Ecclesiastical.
Axa CEO: We are in best place for a decade
Axa is trading with “much better capability, much better service than we have delivered in the previous ten years”, Axa UK and Ireland CEO Paul Evans claimed.
Ecclesiastical abandons relocation plans
Ecclesiastical has halted plans to relocate its head office to a new site in Gloucester Docks due to the “continuing challenging economic environment”.
Corporate Underinsurance: Solving the problems
Underinsurance is a common problem and a collaborative approach is needed to stamp out an issue that has gone unresolved for too long
Broker Apprentice - Episode two: One camera, one minute, five brokers, five takes
This week the broker apprentices take on the regulation challenge of explaining the changes they’d like to see for brokers in the UK.
Giles goes to NIG for new Glasgow branch chief
Giles Insurance Brokers has appointed Alan Kirkwood as branch director of its Glasgow business.
Cardif Pinnacle joins UK protection association
Cardif Pinnacle has joined Protect, an association for UK protection markets.
Axa COR breaks 100% in UK & Ireland
Axa UK & Ireland has revealed that its combined operating ratio (COR) for 2012 deteriorated by 0.8% to break the 100% barrier, coming in at 100.2%.
IAG's results dented by UK performance
Insurance Australia Group's (IAG) half-year 2012 results were knocked by the performance of its recently-sold UK business.
RSA to open trading sites in Leicester and Edinburgh
RSA has confirmed it will open two trading sites this year in Edinburgh and Leicester in a move designed to build on its strategy of operating regionally.
Ageas commercial COR improves to 109.9%
The new chief executive of Ageas UK, Andy Watson, has hailed the provider’s record profits while admitting it would not be looking to grow in commercial lines in 2013.
Hastings boss censured by Lloyd's over detrimental conduct
Neil Utley, chairman of Hastings Direct, has admitted to charges of detrimental conduct during his time at Equity Red Star.
Lexis Nexis launches new no claims database
Lexis Nexis Risk Solutions has launched the No Claims Discount module of its policy history motor database.
RSA endures UK commercial pain as COR worsens
RSA's UK commercial combined operating ratio (COR) deteriorated to 100.4% (2011: 98.7%) as it recorded a total UK commercial underwriting loss of £31m (2011: £2m) for the year ended 2012.
Record insurance profit at Ageas as group COR stays flat
Ageas UK has reported non-life income of £1.74bn for 2012, up from £1.72bn in 2011 as its combined operating ratio remained stable at 99.8% (2011: 99.9%).
Marsh ProBroker membership goes up by three
Marsh ProBroker has added three new members since the beginning of 2013, including one ex-Cobra Network member.
Arag unveils former Das man as BTE boss
Arag has expanded its before-the-event (BTE) sales team with the appointment of former Das man George Bladon as corporate account manager.
Lloyds fined £4.3m for delayed PPI redress payments
Lloyds Banking Group (LBG) has been fined £4.3m for delayed payment protection insurance (PPI) redress payments.