News
Coface reports improved results with 21% jump in profit
Coface has reported a €96m (£81m) increase in insurance turnover for 2011, up from €1.35bn in 2010 to €1.45bn.
Three promotions at CCV
CCV has promoted David Perry to sales and marketing director.
County Insurance moving fast on acquisition plans
County Insurance could meet its five-year target of ten acquisitions ahead of schedule, with two early purchases near to completion, sister title Post has reported.
Aviva Ireland job losses will be lower than expected
Aviva Ireland is to reduce the number of jobs it is cutting, but staff may instead face lower pay, the Irish Independent has reported.
Ratings agencies accept no blame for financial losses
Standard & Poor’s (S&P) head of financial services ratings has told the Treasury Select Committee (TSC) that people shouldn’t rely on their ratings when making financial decisions.
Aviva's McMillan hails personal lines performance as commercial COR hits 105%
David McMillan, CEO of Aviva UK’s general insurance operation, has revealed that, despite a positive set of 2011 results, commercial lines continues to drag at the overall performance.
New commercial director appointed at Chartis
Chartis has appointed a new director for its UK commercial lines operation.
Industry bosses accused of not caring for staff
The British Heart Foundation has published a damning report on the level of importance the insurance industry places on employee health.
Axa Commercial bolsters Bristol team
Axa Commercial Lines has appointed a sales manager for its newly-opened Bristol office.
Aviva UK business grows but profits dip
Aviva UK’s general insurance business delivered higher growth but lower profits in 2011 as it managed to pin its combined operating ratio to 2010 levels.
Lumley Jacobs and Carole Nash in DNA deal
Lumley Jacobs has partnered with Carole Nash to supply forensic coding to the broker’s motorcycle customer base.
LFC Shield pushes new Allianz-backed product range
LFC Shield has added Allianz to its existing insurer panel.
Quinn purchaser sees net income slump
Liberty Mutual Holding has reported a 78.2% fall in net income to $365m (£232m) in 2011 from $1.68bn the previous year.
Job opportunities fall but pay rises in general insurance
Job opportunities across sectors rose more sharply in February than in January but fell in insurance, according to the latest Reed Job Index.
Labour would force insurers to offer telematics
Insurers could be forced to offer telematics to potential clients under a new proposal from Shadow transport minister, John Woodcock.
Admiral delivers "disappointing" results despite hike in profits
Admiral has delivered a 13% increase in profits to £299m in 2011, a result its chief executive described as disappointing.
ABI warns time is running out on flood insurance cover
The Association of British Insurers (ABI) has warned that the clock is ticking on the need to secure a long-term sustainable flood insurance market in the UK.
Momentum posts start-up losses
Momentum has revealed it lost £289,993 between 15 December 2010 when it began trading and 30 September 2011.
Ai Claims extends ULR deal to 2015
Ai Claims Solutions has signed a three year deal with ULR Additions to continue providing credit hire and repair facilities.
Video: What the Papers Say latest edition
This month, Martin Friel is joined by Kelly-Ann Knight, head of external communications at Towergate and Emmanuel Kenning, features editor at Insurance Age.
S&P maintains negative watch on Groupama S.A.
Standard & Poor’s (S&P) has reaffirmed its negative watch on Groupama S.A. and maintained its rating for the group at BBB-.
FSA issues PPI redress guidance
The regulator has published proposed guidance for firms contacting customers who they may have mis-sold payment protection insurance (PPI) to but have not yet complained.
Omega posts 134% COR
Omega Insurance Holdings has reported a $94.7m (£60.1m) loss before tax for 2011, more than double the $42.9m it lost in the previous year.
Ecclesiastical loses broker director as part of restructure
Ecclesiastical has parted company with Ian Wainwright, broker sales director, as part of a managerial restructure.