News
#Insagepeople: 26 February - 2 March 2018
Keep up to date with all the latest people moves.
Pryce commits to growth through regional brokers under QBE’s new UK boss Cecile Fresneau
CEO promises campaign of engagement.
Hiscox COR and profit deteriorates
Profit before tax slashed to £30.4m from £354.5m and group COR swings to 99% compared to 84.2% in 2016.
QBE Europe profitable in “most challenging environment” for five years
Provider’s GWP up 4.1% as COR slips amid $1.2bn group loss.
Only 21% of top insurance jobs are held by women
Research by the ABI shows 78% of firms have a diversity and inclusion strategy, as trade body highlights "good intentions are not enough".
No “for sale” sign up at Clear, says Howard Lickens
Broker CEO investigating funding options as he looks to double the business.
CBL Insurance placed in interim liquidation in New Zealand - reports
New development does not impact CBL Insurance Europe, which was stopped from writing new business earlier this week.
Podcast: The top five stories of the week
Emmanuel Kenning and Ida Axling discuss the key points from the week's news.
Quizzical questions: 23 February 2018
Test your knowledge of the week's news with our topical quiz.
Seventeen expands in Scotland with two deals
Move follows the broker's purchase of Rupert Burgoyne earlier this week.
Swinton puts 268 people at risk of redundancy
Broker to close 40 branches in latest restructure.
Amanda Blanc “exceptionally pleased” with UK & Ireland performance
The CEO praised the impact of the business' commercial lines division and insisted the "excellent" results had no bearing on McCafferty’s exit.
Steve Lewis confident RSA UK will “bounce back” in 2018
Provider "not concerned" following £116m underwriting loss in 2017.
Moneysupermarket posts 12% insurance revenue rise for 2017
Group revenue, profit and average number of monthly visitors all increase.
Axa UK & Ireland COR improves to 96.3% for 2017
Revenues also went up but underlying earnings fell.
RSA UK reports falling profits in 2017
Provider posts underwriting loss of £116m as COR deteriorates to 104.3% due to catastrophe losses.
CEO Watson "encouraged" by Ageas UK 2017 results
Insurer urges government not to delay new Ogden legislation as it moves back into profit.
Biba, ABI and Lloyd’s join InsurTech Board
New group, part of the Fintech Delivery Panel, will focus on needs of InsurTech startups
#insagepeople 19 - 25 February 2018
Keep up to date with all the latest people moves.
Cyber hacks reported to FCA by financial firms hit 69 in 2017
FCA figures show that cyber incidents reported by general insurance firms went up from 1 to 11 in just 12 months.
Ageas UK moves back into profit in 2017
COR improves to 103.2% while GWP falls slightly to £1.36bn.
AA targeting over two million motor and home policies in five year growth plan
Company predicts drop in Ebitda for 2019 as it commits to £45m investment plan.
Jon Dye brands 2017 as “landmark” year for Allianz in UK
Ogden change cost reaches £80m at the insurer.
Allianz UK posts improved 2017 operating profit and COR
Revenues at the insurer tick up by 2%.