Insurer
Jackson proposals trigger Elite to launch outside ATE
The potential impact of the Jackson review has prompted legal expenses provider Elite to move out of its core after-the-event (ATE) market with the launch of two new niche schemes
Tackling trading disputes: Allianz gives complimentary ATE to SMEs
Allianz has added free after-the-event (ATE) cover to all of its small to medium-sized enterprise (SME) insurance policies in a move it has claimed is a market first
'No validity': Industry quashes Quinn's construction findings
Quinn Insurance has been accused of 'scaremongering' following the publication of a survey it commissioned, which found that construction businesses had reduced overall insurance cover by an average of £3.2m
Axa unveils motor revamp as UK general earnings plummet
Axa has stated its intention to impose targeted rate increases across its personal lines motor book and make a return to the direct motor market as it announced a significant slump in UK general insurance earnings
RSA announces £30m impact of Chile earthquake
RSA, a leading insurer in Chile, has announced an expected financial impact of £30m, net of reinsurance, for claims arising from the earthquake.
Arag raids DAS and RSA for new hires
Bristol-based legal insurance firm Arag UK continues its recruitment drive with two further appointments.
Admiral profits increase by 7%
Admiral has reported a 7% increase in profit before tax to £216m for 2009, compared to £203m the previous year, while turnover rose 18% to £1.08bn (2008: £910m).
Sterling raids Hiscox for HNW underwriter
Sterling Insurance Company has appointed Jane Flaherty as a senior High Net Worth (HNW) underwriter based in the Midlands.
Argo extends adds marine cargo to its portfolio
Argo International, a specialist Lloyd’s insurer and subsidiary of Argo Group International Holdings, has extended its platform with the addition of marine cargo to its portfolio.
Jubilee unveils new CEO
Jubilee has announced the appointment of Xchanging founder Clive Buesnel as group chief executive officer, with effect from 1 May 2010
Record profits at Amlin
Amlin has announced £509.1m in profits for the year ended 31 December 2009 compared to £121.6m and an improvement in its combined ratio to 72% (2008: 76%).
Robert Hiscox announces record results: "World belongs to the discontented"
Unveiling record profits, Hiscox's chairman Robert Hiscox vows profitable growth will continue
Fortis strengthens senior management team
Fortis UK has appointed Andy Watson to its executive team in the new role of managing director, retail, with immediate effect.
Allianz profit up and ratio down
In its results for the year ending 2009, Allianz UK has seen a 5.2% boost in IFRS operating profit to £203.7m (2008: £193.6m)
Brit's results show boost in profit and GWP
Brit Insurance has grown 300% in the last year posting a before tax profit of £171.3m excluding the effect of foreign exchange on non-monetary items, dwarfing last year’s £39.6m result.
The PB Interview: View from the rock
Markerstudy was the first insurer to underwrite in the UK from Gibraltar, courting inevitable controversy. Andrew Tjaardstra meets group underwriting director Gary Humphreys to discover its success in becoming a major player in the broking and…
Reportage: An open claims book
Demonstrating a dependable claims service can win new clients and guarantee renewals, so why do many insurers continue to disappoint? Liz McMahon investigates sub-standard service
Ansvar hires sales director
Ansvar Insurance has appointed Richard Lane to the newly-created role of sales director.
ABI welcomes Government asbestos pledge
The Association of British Insurers (ABI) has welcomed the announcement by the Justice Secretary Jack Straw of a package of measures to help people with asbestos-related diseases.
Aviva joins forces with SSP
Aviva has teamed up with global IT company SSP to give 600 extra brokers access to personal lines products.
Report: Scotland financial services sector set to suffer more job losses
A report in today's Daily Telegraph claims 16,500 people will have lost their jobs in the financial services sector over 2009 and 2010
Rise in complaints to Financial Ombudsman Service
Data released by the Financial Ombudsman Service (FOS) has shown an 18% increase in new complaints to 82,136 for the second half of 2009 compared with the first six months of the year.
Profits fall by nearly a third at RSA
Year end results from insurer RSA show profits after tax fell by 28% in 2009 compared to 2008.
Over two-thirds start insurance search on comparison websites
New research from Global Reviews, the customer experience benchmarking company, has found that over two thirds (70%) of people now start their searches for insurance on a comparison website.