Insurer
Marketform hires new CFO
Marketform has announced the appointment of a new chief financial officer (CFO), Paul Guiry, who replaces Roger Doubtfire on his retirement.
Insurers are flooded with escape of water claims
Nearly one in five claims made on buildings and contents insurance is for damage caused by escape of water, costing £2m every day, according to research from the Association of British Insurers.
Jack Straw to speak at Post claims event
Former Justice Secretary and outspoken critic of referral fees Jack Straw will address the annual Insurance Age’s sister title Post’s Claims Event on 12 October.
Groupama calls for major market correction as commercial revenues drop
Groupama has revealed a 34% increase in profits before tax and amorisation to £18.5m (H1 2010: £13.7m) for its combined UK operations in the first six months of 2011.
GWP growth at Allianz UK
Allianz Group has reported a 4.5% increase in its UK gross written premiums to €533m (£464.5m) in the first six months of 2011, up from €528m in the same period of 2010.
RBS Insurance suffers 103% COR but profits soar
RBS Insurance’s results for the first six months of 2011 have revealed an operating profit of £206m, compared with the £253m half-year loss the insurer announced in 2010.
Ageas to be grilled by IIB over Toba changes
The Institute of Insurance Brokers (IIB) is to hold discussions with Ageas in response to member complaints over recent amendments the insurer has made to its terms of business agreements (Tobas).
Brokers will see more of new RSA chief
Adrian Brown has predicted that brokers will see more of Andy Haste’s successor than they see of the current chief executive.
McMillan wants clear water between Aviva and competition
Mr McMillan said he wanted to make it clear to brokers that the Aviva was absolutely open for business.
Simplyhealth reveals aim to grow further following Groupama deal
Simplyhealth has revealed plans to grow its market share to 10% after the purchase of Groupama Healthcare.
Axa points to referral fees to explain continued rise in costs
Axa UK has reported an improved combined ratio for the first half of 2011 but is still at a break even point of 100% while the total UK and Ireland property and casualty revenues came in at £2bn.
Aviva to grow motor book as profits and premiums rise
Aviva’s half year results for UK general insurance have revealed an operating profit of £242m, up 6% (H12010: £229m).
RSA UK's personal lines performance takes up commercial lines slack
RSA UK has reported a 7% increase in premiums to over £1.5bn and has improved its combined operating ratio (COR) slightly to 98.5%.
RSA's chief executive to leave the company
RSA’s group chief executive, Andy Haste, is to leave the company by the end of the year.
Groupama sells healthcare arm to Simplyhealth
Simplyhealth has today announced that it has reached an agreement to purchase the UK healthcare business of Groupama Insurances, subject to the required regulatory approvals.
Amlin profit warning concerns analysts
Amlin has released a profit warning, lowering the half-year result after tax by £53m.
Dooley leaves Arista
Paul Dooley has confirmed his resignation from commercial underwriting agency Arista Insurance, Insurance Age's sister title Post has revealed.
Former Confused.com chief returns with new aggregator model
A new Covea-backed aggregator, due to hit the market early next year, is to be headed up by former Confused.com and Tesco Compare chief, Debra Williams.
Top three in motor a possibility for LV, says O'Roarke
Managing director of LV's general insurance business, John O'Roarke, has revealed the insurer's ambition to reach £1.4bn gross written premium by the end of 2011.
Rural makes further appointments to push for growth across UK
As part of its ambitions to be a top five player in the agricultural market, Rural Insurance has hired two new senior managers to cover Scotland and Northern Ireland.
LV's COR down as broker channel grows
LV's half year results have seen the mutual insurer's combined operating ratio (COR) drop below 100 to 98.1%.
Charles Earle hits back at Arista capacity rumours
Arista chief executive Charles Earle has hit back at industry rumours claiming the insurer is being forced out of the motor trade market.
Chartis raids rivals to build core London team
Barry Taylor joins Chartis Insurance UK from Chubb and John Montgomery arrives from Brit.
Insurer claims industry first with mobile payment cover
Insurance2go.co.uk has said its policy covering mobile phone payment technology fraud is the first of its kind.