Germany
Allianz Group achieves €10.1bn operating profit in 2013
Group sees total revenues rise to €110.8bn.
UK brokers endure 3.9% annual revenue drop
UK brokers have seen their revenues fall every year since 2007, a report published today by market research agency Finaccord has found.
HDI-Gerling revs up for UK motor fleet market
HDI-Gerling is expanding its product range to enter the UK motor fleet market.
Aviva’s McMillan bullish on insurer summit outcomes
David McMillan, chief executive officer UKGI at Aviva, has told Insurance Age he was as optimistic as he had ever been on reducing the cost of motor premiums following the outcome of last week’s insurance summit with the Prime Minister, David Cameron.
Bartlett adds Lloyd’s offering
Bartlett & Company has registered as a Lloyd’s broker in a move which it believes will open new markets for business.
Majority of SMEs are risk averse, survey finds
The majority of SMEs buy more than the minimum insurance cover but 30% are still willing to take a chance, a recent survey has found.
New surety manager joins QBE London team
QBE has appointed Steve Manwaring as UK surety manager.
Europe on the brink?
The UK is not immune from the sovereign debt crisis in the Eurozone, explains Scott Corfe
Insurance Age blog: Insurance just got (a bit) sexy
Yesterday was not a good day for Munich Re. A German business newspaper broke a story which has been the most amusing thing I have had to report on for a while or in fact ever. For those of you who managed somehow to escape the story, still the popular…
Market Watch - Construction: Building a brighter future
Emmanuel Kenning investigates the impact of the recession on the construction industry and asks sector experts if they are upbeat or downcast in their expectations for 2011.
Coface returns to profit
Trade credit provider Coface has announced operating profit of €89 million in the first nine months of the year compared to a loss of €240 million in the same period of 2009.
Agenda: Commission disclosure
The European Union (EU) is now putting together its consultation paper on a revised Insurance Mediation Directive and this will include their views on commission disclosure.
Insurance Age blog: What I learnt from Oktoberfest
The original Oktoberfest occurred in Munich, on October 12, 1810 to commemorate the marriage of Crown Prince Ludwig (later King Ludwig I) and Princess Therese of Saxe-Hildburghausen. The event was so successful that the decision was made to renew it in…
SMEs and Government: A cure for the economy
Small business is the backbone of the UK economy, says Stephen Archer, and the Government needs to encourage, rather than hinder, its growth.
Reportage - cyber liability: Reducing online exposure
As websites and e-trading take a more prominent role in every facet of business, online liability risks grow. Edward Murray asks how the market can keep up to date with the exposures and how brokers should best advise their clients.
PIA head urges insurers to embrace global risks
Insurers' conservative attitudes towards risks outside the UK is holding back ambitious plans to establish multi quote-and-buy systems worldwide, according to liability broker Professional Insurance Agents (PIA).
Acturis deal paves way for European adventure
Acturis has sold a minority stake in the company to ‘growth equity’ firm, Summit Partners, as it embarks on a European growth strategy.
German giant linked to Quinn Insurance bid
German insurance giant Talanx has become the latest name linked with a bid for Quinn Insurance.
Majority of SMEs have inadequate cover
Less than one in three (30%) small to medium sized enterprises (SMEs) in Europe believe they are insured in the event that a professional mistake leads to them being sued, according to research from Hiscox.
Reportage - state of the market: A very British coup
Unlike our continental cousins, buying insurance online has become de rigeur for the UK public - but it is not all doom and gloom for personal lines brokers. Louise Meeson reports on the state of market.
Young UK drivers better risk than European peers
Young British drivers are a better risk on the road than some of their European counterparts, according to research from Axa.