Ageas
Insurers named and shamed by FOS
UK Insurance, part of Royal Bank of Scotland, racked up the highest number of general insurance complaints referred to the Financial Ombudsman Service (FOS) according to new figures.
Brokers hail end to Groupama 'limbo' period
Brokers have welcomed the news that Groupama has entered into talks with Ageas around a potential sale of its UK non-life insurance business.
Ageas and Groupama confirm acquisition talks
Ageas UK and Groupama have entered into exclusive discussions regarding the sale of Groupama's UK non-life insurance business.
Mixed results leave brokers guessing
Insurer results paint a confusing picture of the current state of the market
Ageas commercial COR dips to 100%
Barry Smith, chief executive at Ageas UK, has revealed that the provider’s combined operating ratio for commercial business improved to 100% in the first six months of 2012, from 104.3% in the same period last year.
Profits up at Ageas
Ageas UK has revealed that pre-tax profits in non-life business rose to £56.1m for the first half of 2012, more than doubling from £23.4m in the same period of 2011.
Flood levy could add 10% to home insurance premiums
The environment secretary, Caroline Spelman, has proposed adding a levy to all home insurance policies in order to raise enough money to cover damage in the aftermath of severe flooding.
British Insurance Awards winners announced
Bartlett & Company has been named Broker of the Year at the British Insurance Awards 2012.
Ageas Insurance Solutions reveals new senior managers
Ageas Insurance Solutions has made two senior appointments to its management team with a new senior insurer development manager and a head of finance.
RSA partners with Ingenie on telematics
RSA has signed a deal with Ingenie to provide underwriting capacity for the telematics offering targeted at drivers 17 to 25.
Kwik-Fit to axe up to 170 jobs
Kwik-Fit Financial Services (KFFS) has confirmed plans to merge its insurance business onto one site with the loss of up to 170 jobs.
Ageas looks to Groupama for new household underwriting chief
Ageas has appointed Groupama’s head of household as its new head of household underwriting.
Ageas commercial COR improves to 104.1%
Ageas UK has revealed that its commercial business produced a combined operating ratio of 104.1% for the first three months of 2012.
Ageas sees profits soar as ratio improves
Ageas UK has announced an 11.1% increase in income to £513.3m in the first quarter of 2012 compared to the same period last year.
Ageas takes sponsorship of cricket ground
Ageas has joined the growing ranks of insurers involved in sports sponsorship in a new partnership with Hampshire cricket.
Purple signs up Oak and Rural to panel
Purple Partnership has teamed up with Oak and Rural Insurance to offer further mid to high net worth cover options along with an agricultural risk specialism to members.
Ageas reveals commercial COR of 110.9%
Ageas Insurance has confirmed it recorded a combined operating ratio (COR) of 110.9% in commercial lines business for the year ended 31 December 2011.
Ageas’ chief bearish on commercial hardening
Barry Smith, chief executive of Ageas UK, has described himself as “very pleased” with the step change from loss to profit at the insurer but admitted he was not confident of seeing any commercial market hardening in 2012.
Ageas produces growth and profit across the board
Ageas has reported a huge boost in both gross written premiums (GWP) and profit for 2011 as the insurer’s Tesco deal begins to pay dividends.
Broker satisfaction with insurers remains high, survey says
Broker satisfaction with insurers has remained stable over the past five years and seen an increase for commercial lines, according to an annual survey carried out by General Insurance Market Research within Aura (Gimra).
Ageas confirms it is suing Kwik-Fit
Ageas has confirmed it is to take legal action against Kwik-Fit.
Ageas sues Kwik-Fit over insurance arm deal
Ageas is suing Kwik-Fit over liabilities relating to the £215m purchase of the company's insurance arm in 2010.
Towergate reveals capacity deals with Brit and Allianz
Towergate Commercial Underwriting (TCU) has announced a five-year capacity deal with Allianz providing 70% and Brit the remaining 30%.
Insurer service improving, according to survey
Service from insurers in the UK is improving, according to figures released by Jelf.