Insurer
Aviva's UK general insurance profits rise to £197m in H1 2010
The insurers UK general insurance operating profits increased by 24% to £197m in H1 2010 (HY09: £159m) but Aviva's combined UK general insurance and health operating profit fell to £268m during H1 2010, compared to £284m in the same period last year.
RSA half year results show premiums up 9%
RSA has announced UK net written premiums of £1.5bn in the first half of 2010, up by 9% compared with the same period of 2009. However, it added its combined operating ratio had slipped from 97.4% to 98.9% for the comparable periods as a result of severe…
Director leaves Aon to head up Torus' UK casualty team
Torus has expanded its casualty platform with the appointment of David Whyman as senior vice president, UK head of casualty, based in London.
Fortis completes Kwik Fit aquisition
Fortis Insurance UK has been given regulatory approval from the Financial Services Authority(FSA)for the purchase of Kwik Fit Insurance Services.
Four men sentenced for role in claims fraud
Two men have been sentenced to a total of 30 month’s imprisonment for defrauding insurance companies as part of Operation Flash, a joint effort between the Insurance Fraud Bureau (IFB) and Lancashire Constabulary.
Legal: The opportunity of uncertainty
The vague Green Economy Bill is not an excuse for the industry to ignore climate change risks, rather to take a lead in tackling the problem and grab a big opportunity, writes Lindene Patton.
L&G insurance profits increase to £14m for H1 2010
Legal & General’s (L&G) insurance division has reported a rise in operating profit to £14m for H1 2010, compared to £6m for the same period last year.
Axa loses 18% of GWP in commercial as GI UK results falter
Axa has seen another drop in profitability in its UK GI business in the first half of 2010.
QBE reveals only one in six SMEs will hire staff this year
QBE's Investment in Staff survey of small and medium-sized enterprises (SMEs) has shown that only one in six (15%) of those questioned are looking to hire more staff in 2010.
E-commerce: Groupama pilots ‘first stand-alone PI cover for SMEs’
Groupama Insurances has expanded its Optima online product range with the pilot launch of what it claims is the first stand-alone professional indemnity (PI) cover for small to medium- sized enterprises (SMEs).
E-commerce: RSA launches e-trading service for brokers
RSA has launched a new e-trading service for brokers as part of its bid to become a top three player in the small to medium-sized enterprise (SME) arena.
NIG launches property policy
NIG has launched its new Premier Property Owners product to a panel of up to 40 brokers.
Aviva enhances motor trade offerings
Aviva has made enhancements to its motor trade offering and commercial combined policies.
Liberty Syndicates in motor market drive
Liberty Syndicates Management, a member of Liberty Mutual Group, is entering the UK and Irish motor insurance markets through the hiring of a team of specialist motor underwriters.
Markerstudy joins IFIG board
Markerstudy Group has joined the board of the Insurance Fraud Investigators Group.
Defaqto finds only 21% of fully comp motor policies cover ULR
After analysing 223 comprehensive motor insurance policies, Defaqto has found insurers significantly vary in their approach to uninsured loss recovery (ULR).
Esure outsources IT in £26m five year deal
Esure has migrated its IT platforms and hardware away from former joint venture partner, Lloyds Banking Group, through a £26m ‘build and run’ outsourcing contract with Capgemini UK, who will now manage the majority of Esure’s IT infrastructure for the…
QBE wins Towergate property account
QBE has confirmed that it has entered into an agreement to be the insurer for Towergate’s commercial property owners business.
Allianz updates business cover
Allianz Commercial has announced a revamp of its Commercial Select product.
Insurance net exports reach record level
Figures from TheCityUK’s annual report, UK Financial Sector Net Exports, have shown that insurance net exports reached a record £8.3bn in 2009.
ABI appoints new investment committee chairman
Alain Dromer, chief executive of Aviva Investors, is to become the next Investment Committee Chairman of the Association of British Insurers (ABI).
Octagon appoints claims director
Octagon has announced the appointment of Peter Goodright as claims director.
ABI flood defence warning
The Association of British Insurers has warned the coalition government must make investment in flood defences a priority despite the squeeze on spending
APC launches second product in Ireland
APC has launched a new office product specifically designed to cover Ireland’s traditional and home based businesses.