Insurer
Smith praises transformation at Ageas
Barry Smith, chief executive of Ageas UK, has declared that the insurer's recent results were evidence of a step change and transformation at the insurer.
Admiral issues profit warning over PI claims
Admiral warned that personal injury claims continue to impact the business’ profits as it announced its third quarter results.
Profits and growth at Ageas
Ageas Insurance has revealed a 16.8% rise in gross written premiums to £822.5m and an improved combined operating ratio of 99.8% for the first nine months of 2011, compared to 104.9% in the same period last year.
Insurance premiums up 500% in flood areas, MP says
Diana Johnson MP has claimed that homeowners in flood risk areas have seen insurance premiums rise by up to 500% and called for a review looking into the cost.
Markel reports improved GWP but combined ratio suffers
Markel International has reported gross written premiums (GWP) of $194.2m (£120.8m) for the third quarter of 2011, compared with $178.7m for the same period of 2010.
Groupama mulling over sale of assets or stake
French mutual insurer Groupama is reportedly considering the sale of a stake in the company to outside investors or selling some assets as it bids to strengthen its capital and restore its solvency margin.
Sterling secures partial Chartered status
Sterling Insurance Group’s personal lines, commercial underwriting and claims divisions have received Chartered Insurer status from the Chartered Insurance Institute (CII).
Arista appoints new broker contact in North East
Arista Insurance promoted Neil Wormald to the role of branch manager for the North East of England.
Quinn relaunch suffers week delay
The relaunch of Quinn Insurance as Liberty Direct, due to take place on 7 November, has been postponed until 14 November due to complications with Quinn Group’s bondholders, according to reports.
MSL and Financial and Legal strike deal
MSL Legal Expenses has signed a three-year deal with Financial and Legal Insurance to provide personal and commercial lines legal expenses insurance (LEI).
Premiums rise at Hiscox UK but dip in London market
Hiscox UK has increased gross written premiums (GWP) by 13.4% but witnessed a decline of over £20m in its London market business for the first nine months of the year.
CII promoting young blood
The Chartered Insurance Institute (CII) has brought together 28 young insurance professionals to create three New Generation Groups.
Aviva appoints UK chief risk officer
Aviva has appointed John Lister as UK chief risk officer effective March 2012.
Aviva Ireland faces strike threat over redundancies
Union members at Aviva Ireland have voted to take industrial action if the 950 jobs being axed are threatened before agreement is reached with staff.
Groupama restructures Manchester operations
Groupama has made a series of changes to its Manchester operation as it bids to grow its online business and commercial book.
RSA builds up North East management team
RSA has appointed Lee Mooney as regional manager, North East.
Broker Expo: Ecclesiastical restructure sees redundancies in schemes unit
Two of Ecclesiastical’s senior schemes individuals will leave the business following a restructure of the insurer’s schemes operations.
In conversation with RSA: distinguishing from rivals in SME commercial
The SME commercial market remains one of the most highly competitive in the UK insurance space.
Aviva claims UK rise makes it market leader
Aviva claimed UK general insurance sales increased 12% over the first nine months of the year making it “the general insurance market leader in the UK”.
Personal lines growth drives up NWP at RSA
RSA has reported UK personal lines Q3 net written premiums were up 13% to £1 036m, with commercial lines up just 2% to £1 282m. Overall the UK was up 7% to £2 318m.
New technology to provide more accurate flood risk pricing
Chubb Insurance has adopted a new system for predicting the potential severity of flood risk to individual properties.
Chubb adds to UK and Ireland management team
Chubb Insurance has appointed Steve Ranzetta as UK and Ireland accident and health manager.
Jubilee hits back at Kiln’s “first” claim
Jubilee Managing Agency has dimissed Kiln’s claim of being first to market with a new insurance product to protect mobile phone users from ID theft and unauthorised payment as “not true”.
Amlin takes on new mid/HNW team from Hardy
Amlin UK has announced the appointment of a new team to its mid/high net worth household account.