News
UK underwriting loss for Equity owner
Equity Red Star owner, Insurance Australia Group (IAG), has revealed that it made an underwriting loss on UK business of AU$23m [£15.21m] for the year ended 30 June 2012.
IAG writes off nearly AU$300m on UK arm
IAG has written off AU$297m [£196m] of all remaining goodwill and intangible assets for its UK division.
Ecclesiastical doubles underwriting loss as COR worsens
Ecclesiastical has reported a group underwriting loss of £14.4m for the first six months of 2012.
HNW intermediaries facing bank and direct provider threat
High net worth (HNW) insurance intermediaries are coming under increasing market share pressure from banks and direct providers, according to research published today by Defaqto.
Insurance fraud in decline in Q2
Attempted fraud in the insurance industry fell by 16% between April and June 2012, according to new figures released by Experian.
Outgoing Rural founder pays tribute to colleagues and brokers
Outgoing Rural Insurance deputy chairman and founder Lance Harvey has paid tribute to the brokers he has worked with ahead of his retirement in September.
Zurich tees up for growth with golf scheme
Zurich Insurance has become the underwriter for the 20 year old ‘Par Excellence’ scheme run by Glasgow-based Circle Golf after signing a long term deal with the golfing specialist.
Junction hires AA man as e-commerce chief
Junction has appointed Jamie Queen as associate director, e-commerce and aggregation.
Aviva unveils new head of fraud in front-end clampdown
Aviva has swooped to appoint a new head of fraud for underwriting, pricing and product to boost front-end fraud detection.
New lettings services chief at Endsleigh
Endsleigh has appointed Grant Stevens as general manager – letting services.
Swinton boosts Scotland reach with commercial office opening
Swinton Group has snapped up Kirkintilloch Insurance Services as it further expands its broker offering north of the border.
UK General takes on ex-Towergate man as business development chief
UK General has appointed Andrew Tailby as head of business development in its commercial division.
AA warns fight is still on to crack down on uninsured drivers
AA Insurance has welcomed the seizure of the UK's millionth uninsured vehicle this morning - but warned the fight is still on to crack down on uninsured drivers.
Millionth uninsured vehicle to be taken off road
The Motor Insurance Bureau (MIB) has predicted that police in Birmingham will today seize the millionth uninsured vehicle in the UK as part of an operation to disrupt criminal activity.
Canopius completes Omega deal
Canopius Group has confirmed the completion of the acquisition of Omega Insurance Holdings.
Arc Legal strikes schemes deal with e-Underwriting
Arc Legal has struck a deal with e-Underwriting to provide two legal expenses schemes for its household and property owners portfolios.
QuestGates chases Scotland expansion with Merlin hires
QuestGates has added two former Merlin employees to its Scotland team.
Chaucer aims to boost broker access with cargo appointment
Chaucer has appointed Geoff Wilkinson as cargo class underwriter in the marine division of Chaucer Syndicate 1084.
Insurance insolvencies drop by 85%
The number of insurance companies going bust plummeted by 86.1% last month, compared to July 2011, according to statistics published today by Experian.
Profits up at Amlin
Amlin has returned to pre-tax profit in the first half of 2012 with a result of £184.5m reversing a loss of £192.3m in the same period last year.
Sutton Winson nabs Towergate man for commercial role
Sutton Winson has appointed Steve Barber as commercial client account executive.
QBE expects Brit purchase to deliver extra £175m GWP
QBE Insurance Group expects the purchase of Brit's UK regional business to deliver an extra £175m of gross written premium (GWP) in its first full year.
Zurich results dip caused by pensions 'blip'
Zurich’s UK general insurance business enjoyed a good half year performance, distorted by a one-off pension “blip”, according to Karl Bedlow, managing director of personal lines.
Oval chief eyes breaking £20m Ebitdae barrier
Oval chief executive Peter Blanc has set his sights on exceeding the £20m Ebitdae mark next year with the use of "one or two" well-placed acquisitions.