Insurer
Aviva shares could rally on Moss resignation
Andrew Moss’ resignation will be welcomed by shareholders following a series of “unfortunate” events, according to investment bank, Panmure Gordon.
Aviva praises Moss’ performance despite share price woes
Lord Sharman, chairman of Aviva, has praised the performance of chief executive officer Andrew Moss and claimed that it was Mr Moss’ decision to leave the role.
Aviva CEO quits following shareholder pay revolt
Andrew Moss, chief executive officer at Aviva, has stepped down from his role with immediate effect and will be leaving the group.
MMA delivers much improved profitability ahead of Provident merger
MMA Insurance has delivered a strong set of results for 2011, its final set of results prior to its merger with Provident and rebrand to Covéa.
XL launches new combined product for UK businesses
The XL Group has launched a new combined product incorporating liability, property and business interruption covers.
Sometimes insurers are the victims ... no, really.
Without doubt my favourite story of the last week was that of the Limerick man who went on hunger strike in protest at Axa’s refusal to pay out on a €24,000 motor claim. Hunger strike is a particularly extreme reaction and particularly emotive in that…
Catlin makes hire for contingency business
Catlin Group has hired Simon Lyons as a class underwriter specialising in contingency insurance.
Direct Line reports 25% jump in profit
Direct Line Group, the insurance arm of Royal Bank of Scotland, has reported an operating profit of £84m for the first three months of 2012.
Aviva humiliated by shareholder pay revolt
Aviva’s shareholders have humiliated the insurer by voting against its remuneration package at the annual general meeting in London.
RBS pumps another £125m into PPI compensation fund
RBS is set to follow Lloyds Bank’s example and put more money into its payment protection insurance (PPI) compensation fund, according to reports.
Chartis makes senior energy appointment
Chartis has looked within for its new UK head of energy.
L&G reports 17% hike in general insurance premiums for Q1
Legal & General (L&G) has reported gross premiums of £83m for the first quarter of 2012.
RSA reports positive start to 2012 with premiums up 5%
RSA has reported a 5% improvement in net written premiums in the first three months of 2012, up to £2.2bn from £2.1bn in the same quarter of 2011.
Novae reports 5% improvement on GWP for Q1
Novae Group has reported gross written premium (GWP) of £231.1m for the first three months of 2012.
CFC appoints new BDM in push for UK growth
CFC has appointed Chris Gilson as UK and Ireland business development manager.
Ink increases PI footprint with IRS acquisition
Ink Underwriting Agencies has acquired Indemnity Risk Solutions (IRS).
Marsh sells part of HSBC business to R K Harrison
R K Harrison has acquired a portfolio of four businesses from Marsh UK.
AA calls for less talk, more action on whiplash claims
The AA has called for the government to take action on whiplash, and said it hopes the second insurance summit will be the “last talking shop”.
RBS approached by private equity firm over Direct Line sale
Direct Line's parent company Royal Bank of Scotland (RBS) has received an informal expression of interest from a new private equity firm, according to the FT.
ABI accused of playing 'cynical and duplicitous game' over portal fees
The Association of British Insurers (ABI) has reportedly advised members to start negotiating with offers of £150 for legal fees in low value claims.
Lloyd's puts another £375m towards PPI provision
Lloyd’s Banking Group has set aside a further £375m to cover claims from customers who were mis-sold payment protection insurance (PPI).
Reportage: Lighting up the regions
Insurers are moving underwriting decisions to regional centres, but will this really benefit brokers and is the new model sustainable? Edward Murray finds out
Products: Kiln heads for new pastures with appointment of equine underwriter
Kiln has appointed a new equine underwriter in preparation for developing products in that area for the first time.
Products: NIG to undertake funeral director scheme’s underwriting
NIG has won the contract to underwrite the Lark Group’s SAIFInsure scheme from Axa.