News
Mixed bag at LV as operating profits soar but underwriting profits plunge
LV has reported a £25m reduction in underwriting profit for 2012, at £5m down from £30m in 2011.
Profits up at QBE
QBE has reported an 8% rise in net profit after tax to US$761m [£501.8m] for 2012 along with gross written premiums (GWP) of $18.4bn, up a modest 1% on 2011.
Expertise in Action: Video: The importance of data validation
With data validation increasing in importance, Post sat down with Zurich’s director of personal lines, pricing and underwriting Darren McCauley to discuss this trend.
Broker Apprentice: Bonus edition on The Campaign
The contestants have been tasked with designing a two-page advert for a student newspaper aimed at encouraging 18 year olds to join the general insurance broking profession.
Allianz UK CEO admits broker retail profit and growth was "bridge too far"
Allianz UK CEO Andrew Torrance has admitted that the insurer took a hit on the top line of its retail broker segment in 2012.
Hiscox CEO attributes profit jump to 2012 catastrophe fall
Bronek Masojada, CEO of Hiscox, has described 2012 as a “very good year”, following the release of its annual results.
Chase Templeton adds £5m premium income with broker buy
Private medical insurance specialist intermediary Chase Templeton has purchased Hampshire-based broker UK Independent.
Bluefin in double ex-Jelf appointment for Birmingham and Ludlow
Bluefin Insurance has appointed Jim Pitchforth as development director in its Birmingham office along with Wendy Bushby as commercial broker in its Ludlow office.
Profits down but Allianz keeps commercial COR below 100%
Allianz has reported a reduction in operating profit of 4.3% to £161.5m for 2012, down from £168.7m in 2011.
Hiscox reports improved GWP, profit and COR
Hiscox has reported gross written premium of £1.6bn for 2012, up from £1.5bn in 2011.
1 Answer Network buys BrokerDrive
1 Answer Network has boosted its "strength in numbers" after buying online broker network BrokerDrive.
AIG reports $6.6bn profit for 2012
AIG has delivered a $6.6bn [£4.33bn] post-tax operating profit for 2012, up considerably from the $2.1bn achieved the year before.
Morgans Insurance Broking collapses into administration
A London insurance broker has collapsed into administration, Insurance Age can reveal.
Axa scoops up Slade Edwards' mobile catering scheme
Axa Commercial Lines & Personal Intermediary has swooped for Slade Edwards Insurance Brokers' mobile catering scheme following the broker motor market withdrawal of Ecclesiastical.
Russell Scanlan buys Henson & Company
Russell Scanlan and associate company Russell Ulyatt have bought East Midlands-based Henson & Company.
Wilson returns to Wilsons
Mark Wilson has returned to The Wilson Organisation in Nottingham, just weeks after leaving to join JLT.
Axa CEO: We are in best place for a decade
Axa is trading with “much better capability, much better service than we have delivered in the previous ten years”, Axa UK and Ireland CEO Paul Evans claimed.
Ecclesiastical abandons relocation plans
Ecclesiastical has halted plans to relocate its head office to a new site in Gloucester Docks due to the “continuing challenging economic environment”.
Broker Apprentice - Episode two: One camera, one minute, five brokers, five takes
This week the broker apprentices take on the regulation challenge of explaining the changes they’d like to see for brokers in the UK.
Giles goes to NIG for new Glasgow branch chief
Giles Insurance Brokers has appointed Alan Kirkwood as branch director of its Glasgow business.
CDL to tackle fraud "head-on" with platform expansion
CDL has extended its real-time pricing platform to allow brokers to discover the risk of a customer claiming on a policy or defaulting on premium payments.
Cardif Pinnacle joins UK protection association
Cardif Pinnacle has joined Protect, an association for UK protection markets.
Axa COR breaks 100% in UK & Ireland
Axa UK & Ireland has revealed that its combined operating ratio (COR) for 2012 deteriorated by 0.8% to break the 100% barrier, coming in at 100.2%.
IAG's results dented by UK performance
Insurance Australia Group's (IAG) half-year 2012 results were knocked by the performance of its recently-sold UK business.