Insurer
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.
Chubb posts $4.1bn profit for 2016
Provider’s net written premiums come in at $28.15bn.
Allianz claims restructure puts 150 people at risk of redundancy
Insurer proposes changes to its claims and corporate partner operations.
London Market passes $200bn stress test
Hiscox led the two-week exercise.
QBE denies Allianz takeover talks
Insurer states it is not talking to anyone about a potential sale.
Claims manager Davies Group sold for £90m to US-PE firm
PE firm says it will build on Davies' success through organic growth and strategic acquisitions.
News analysis: LV’s pull out from broker home insurance raises concerns
Experts remain upbeat about brokers’ future in personal lines
Allianz awarded chartered insurer status
Provider lays claim to being the largest chartered organisation in the UK insurance industry.
Hiscox launches security policy
Product protects against threats as diverse as terrorism, bribery, extortion and industrial espionage.
FCA publishes inaugural data set on insurance claims
Regulator releases figures from 38 insurers on claims frequencies, acceptance rates and average pay-out for home, home emergency, personal accident and key cover.
Warning of tens of thousands of UK jobs losses from personal injury legal reforms
Consultants state job cuts will stretch across the UK but especially in the South East and cities such as Manchester, Liverpool and Sheffield.
CBI/PwC: Competition bigger threat than Brexit for insurers
Insurers continue to target investment in technology to bring in new customers and improve efficiency.
Quizzical questions: 20 January 2017
Test your knowledge of the week's news with our topical quiz.
Broking Break: Your top five of the week
Two major insurer restructures, CEO changes, swapping software houses and a new product make up this week's most read stories.
Zurich restructure puts 240 people at risk of redundancy
The insurer has begun consultation with employees as it proposes to remove jobs from the UK as the business is restructured.
Aviva reorganises to bring general insurance, health and life together
The move will not impact brokers working with its UKGI business and Colm Holmes remains UKGI CEO.