News
Hiscox sees GWP rise to £1bn as profit and COR improve
Hiscox has reported a pre-tax profit of £181m for the first six months of 2013, up from £126m in the same period of 2012
LV operating profit slips to £43m amid "difficult" motor market
LV saw its operating profit slip to £43m for the first half of 2013, down on the £62m posted for the same period of 2012 for general insurance.
Bluefin posts £13m loss for 2012
Bluefin Group has reported a loss of £13.1m for the year ended December 2012.
Aon reports 2% profit slip
Aon saw its profits creep down by 2% for the second quarter of 2013 to $241m (£156.4m), compared to the $246m posted for the same period last year.
FCA warns firms to take anti-money laundering responsibilities seriously
The Financial Conduct Authority (FCA) has published its first annual report on anti-money laundering (AML).
Fitch keeps Allianz stable at AA-
Fitch has affirmed Allianz SE’s insurer financial strength rating as AA-.
Ace delivers leap in profits
Ace has reported a rise in net income to $1.84bn [£1.2bn] for the first six months of the year, from $1.3bn in 2012.
Zurich creates new roles in bid to help brokers battle fraud
Zurich has launched a dedicated policy validation unit and created two new roles to help brokers in identifying fraud.
Ageas appoints Aviva's Middle as partnerships chief
Ageas has named Ant Middle as partnerships director within its retail and distribution division.
Be Wiser posts drop in profit as turnover increases by £4m
Be Wiser Insurance Services has reported a post-tax profit of £1.5m for the year ended May 2013.
Willis profits slip and UK business falls
Willis Group has revealed a fall in half year profits to $324m [£210.8m] for the start of 2013, down from $333m in 2012.
Gallagher pounces on former Perkins Slade boss Rowe
Gallagher Heath has pounced to appoint former Perkins Slade boss Darren Rowe as clients and markets director, Insurance Age can reveal.
CII officially unveils Direct Line's Woolgrove as president
The Chartered Insurance (CII) has officially unveiled Tom Woolgrove as president, succeeding Amanda Blanc.
SSP boss insists Swinton fine will not impact relationship
SSP group chief executive Laurence Walker has insisted that the hefty fine slapped on client Swinton has not impacted on the software provider.
Which? warns consumers of "punishing" insurer charges
Consumer watchdog Which? has issued a warning to consumers over additional fees involved in renewing their car insurance policies.
SSP reports robust results as EBITDA creeps up by 1.8%
SSP Group saw its EBITDA edge up 1.8% to £18.2m for the 12 months ended 31 March 2013, compared to the previous year.
Oval strikes £43m refinancing deal
Oval has secured a £43m refinancing deal structured over four years, it has been reported.
Plum grows into Northern Ireland
Plum Underwriting is now writing non-standard and mid-net worth household risks in Northern Ireland, the company has confirmed.
Perkins Slade boss Rowe departs after 18 months
Perkins Slade managing director for corporate business Darren Rowe has left the broker after 18 months in the role.
Bluefin poaches Towergate's Andy White in series of moves
Bluefin has restructured its commercial division and made two senior promotions as part of an ongoing strategic development plan.
Insurance failures fall by more than a third
Insurance insolvencies fell by more than a third during June 2013 compared to the previous month, a report has found.
Stewart Miller boosts team with trio of hires
Stewart Miller Insurance has added three new staff members.
QBE's Bathia steps down with immediate effect
Ash Bathia, chief underwriting officer of QBE’s property, casualty & motor (PCM) division is leaving the provider.
iParc plans shelved as insurers seek alternative options
Plans for a new pricing hub for the personal lines market have been shelved.