Insurer
Biba CEO warns of online challenge
Biba chief executive Eric Galbraith has voiced his concerns at the transactional nature of insurance and the over-emphasis on price.
Commercial COR unacceptable, says Aviva boss Spencer
Aviva UK and Ireland chief executive Robin Spencer has branded the insurer’s commercial combined operating ratio (COR) as “unacceptable”.
UK Broker Summit 2013: The recession is over, delegates told
Delegates were welcomed to this year’s UK Broker Summit with the news that the recession is over.
Aviva UK GI delivers steady 98% COR amid 2013 pay freeze
Aviva delivered a steady UK combined operating ratio (COR) of 98% for 2012 as the group confirmed that its executive directors would not receive any annual bonuses.
Direct Fleet goes to Cobra for new renewals manager
Direct Fleet Insurance has appointed Joanne Cassidy as renewals manager.
L&G GI reports GWP growth while profit and COR decline
Legal & General’s (L&G) general insurance (GI) division has reported gross written premium of £349m for 2012, up from the £304m reported in 2011.
Axa regaining brokers trust at Bolton NTC
Axa was losing business to other insurers before it restructured its Bolton branch as a national trading centre (NTC), according to Chris Maguire, manager of the NTC.
Admiral CEO warns of aggregator slowdown despite Confused profit
Confused.com recorded rising profits for the first time in four years as Admiral group CEO Henry Engelhardt admitted that the rate of aggregator growth was "slowing".
Admiral seeks to build "metaphorical skyscraper" as profits rise
Admiral has delivered a group pre-tax profit of £345m for 2012, up from £299m the year before.
Insurer view: Ditch the "old-boys' network" and get professional
Hiscox believes that brokers should stop relying on the "old boys' network" and instead strive for professionalism by securing chartered status.
CII unveils new claims faculty chairman
The Chartered Insurance Institute (CII) has unveiled Ecclesiastical's claims and risk services director David Bonehill as its claims faculty board chairman.
PPI complaints soar as FOS cites 'unprecedented levels'
Lloyds TSB has topped the list of payment protection insurance (PPI) offenders in the second half of 2012, with 42,195 complaints.
ABI research into motor claims cost sees whiplash hit 20%
A new report by the Association of British Insurers (ABI) has revealed that personal injury costs now make up the largest proportion of motor insurance claims.
Biba strikes Toba template agreement
The Association of British Insurers (Biba) has agreed "a template" for terms of business agreements (Tobas) between brokers and insurers.
Four insurance companies win places on Sunday Times Top 100 list
Four insurance companies have made it into the 2013 Sunday Times 100 Best Companies List as the 25 Best Big Companies List was also revealed.
Insurance insolvencies remain in single figures
Research from Experian has revealed there were nine company insolvencies in the insurance sector in January 2013.
FSA regulatory inspections leap during 2012
Regulatory inspections of insurers for the first nine months of 2012 were up 38% on the total amount conducted for 2011, a survey has found.
Coface reports jump in profit amid 2013 economy warning
Coface has reported a €129m (£112m) net profit for 2012, up 80% from 2011.
Amlin swings back to profit and agrees $50m MGA deal
Amlin returned to the black after posting a pre-tax profit of £264.2m for 2012, a marked improvement on the £193.8m loss recorded for 2011.
BT launches motor claims legal services company with ABS
BT has launched a new legal services business for corporate customers, initially in the motor claims market, named BT Law Limited.
The rise of passporting insurers
Does anyone care about the ease with which overseas insurers from jurisdictions with less stringent regulation can set up shop in the UK? Stuart Reid asks
Editor’s letter - March 2013
“Every voice deserves to be heard. The debate is too important for an unhinged or skewed diatribe”
Market welcomes Bupa’s B2C decision
But Amii voices frustration over Bupa’s communication process with brokers
Brokers unmoved by Ageas’ management shake-up
Ageas announced some big-name departures last month, as it set out its new senior management team following the takeover of Groupama.