Insurer News – Page 117
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NewsCNA Hardy bags ex-Axa XL chief as new director of risks
He has also worked for the likes of EY, Accenture and Deloitte in senior roles
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NewsAdmiral enters pet insurance market
The launch forms a key part of the insurer’s ongoing strategy to diversify its business and respond to consumers’ needs
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NewsFire claims soar to £1.2m due to UK heatwave – LV=GI
One specific case was caused by a mirror in a garden reflecting off the sun and subsequently setting a wheelie bin alight
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NewsJohnson and Johnson to end all UK Baby Powder sales as ovarian cancer claims escalate
Despite this, the pharmaceutical firm says its talcum Baby Powder ’does not contain asbestos and does not cause cancer’
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NewsDrought to cause mayhem for UK insurers
Insurers should brace for weather-related claims as temperatures soar and drought is officially declared across parts of England
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NewsAgeas posts COR of 94.9% for its GI portfolio during H1 2022
The insurer’s chief executive called this an ’exceptionally strong’ result and confirmed an interim dividend of £1.26 per share to shareholders
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NewsZurich’s P&C business reports record COR of 91.9% for H1 2022
The insurer attributed its record combined operating ratio to underwriting profitability
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NewsAzur acquisition set to make Aviva a one-stop-shop for its SME customers
Once the MGA has been integrated into Aviva, its boosted private clients division will be targeting ‘strong organic growth’ to help it achieve the ‘number one position’ in the HNW market, says UKGI boss
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NewsBoosted eTrading proposition is key driver of Aviva’s H1 12% commercial lines growth
UKGI chief executive explains that the insurer is ‘really mindful of acting on broker feedback’
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NewsAviva takes ‘active’ approach to inflation in personal lines
Inflation is ‘not a surprise’, so the insurer has adopted a ‘cautious and prudent’ strategy to mitigate ramifications for brokers and consumers, says leadership
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NewsRSA promotes for new chief compliance officer
The new appointee’s background as a solicitor provides him with the expertise needed to ’monitor, manage and implement’ regulatory requirements, he says
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NewsCatch up on insurers’ half-year financial results for 2022
In July and August, insurers operating in the UKGI market have been publishing their half-year financial results for the first six months of 2022. Get the story on insurers’ balance sheets and factors driving the figures here…
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NewsAIG reports strong GI underwriting increase in Q2 2022 results
The insurer deferred an IPO launch for Corebridge Financial but AIG’s chairman and chief exec say it is ’a significant priority’
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NewsAdmiral Group sees COR rise to 96.7% for H1 2022 as inflation squeezes profitability
The insurer is ‘happy’ with its progress during the first half of the year, against the ‘backdrop of a more turbulent cycle than usual’, says chief executive
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NewsAviva plans 2022 year-end share buyback programme
Group chief executive emphasises that any return of capital to shareholders must be ‘sustainable’ and ‘regular’
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NewsAmanda Blanc: Aviva is ‘not in any way vulnerable’
Following the ‘seismic move’ to divest non-UK, Ireland and Canada-based businesses, group chief executive confirms that Aviva has a ‘strength and performance that we didn’t have before’
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NewsAviva’s COR for UK and Ireland GI business worsens to 95.6% for 2022’s H1
The insurer attributes profitability dip to post-pandemic claims uptick and the occurrence of more severe weather events
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NewsAllianz’s eTrading capabilities are ‘on an improving path’ – but still have ‘a long way to go’
Digitalisation in commercial lines is ‘not impossible’, but it is flagging behind digital progress in personal lines ‘for good reason’, says commercial lines boss
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NewsTribunal reverses £17.9m Compare the Market anti-competition fine
Tribunal panel rules that prior Competition and Markets Authority decision was based on ‘no reliable evidence’
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NewsBotched eyebrow microblading and tinting account for 37% of salon injury claims – Zurich
Laser hair removal only accounted for 7% of claims but involved the most serious injuries
