Insurer News – Page 155
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Axa chief defends criticised €12.4bn XL Group buyout as "strategic decision"
THE Chief Executive of Axa has spoken out defending the decision to spend €12.4bn (£10.9m) on the buyout of XL Group.
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Collinson appointed as Saga’s travel insurance partner
Collinson to provide full service for Saga products and customers
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IBM hits back at Co-op in £130m tech upgrade lawsuit
Co-op ‘effectively brought termination on itself’, alleges IBM in £130m lawsuit
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RSA boss Stephen Hester lands £5m after strong 2017
RSA chief executive, Stephen Hester pockets £4m on top of his £1m salary after a strong year which saw record underwriting results
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Smartdriverclub increases telematics capacity
Smartdriverclub hopes to increase its GWP via aggregator site by 200% in two years
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Ascent names James Weatherstone as non-executive chairman
Ascent Underwriting announce a new non-exec chairman, who joins from Arch
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Covéa launches new commercial lines product
Excel Business Combined is a property and casualty proposition for clients in the mid-corporate sector
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Catastrophes to blame for Lloyd's of London's £2bn loss
Lloyd’s reports its first annual loss in six years
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Zurich UK pilots new chatbot for quicker claims handling
Zurich’s ’Zara’ hopes to handle non-emergency home and motor claims in three hours rather than 24
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Zurich appoints new UK chief underwriting officer
Hayley Robinson joins Zurich from RSA to become the new UK chief underwriting officer
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Sinclair hails 'solid' results as 900,000 NFU customers receive loyalty discounts
NFU profit for the year almost halves, while the insurer’s general insurance premium income increases by £80m year on year
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Trade credit pay outs at highest level since 2009 – ABI
Latest ABI figures show that claims paid by trade credit insurers are running at over £4 million every week - their highest level since 2009
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Applied Systems expands insurer panel
Applied Systems hopes to drive growth through development in personal lines
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Markel ceases London open market property writing
Dean Pitts and Guy House will leave Markel as it ceases open market property writing, saying the “market has been against them”
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Insurer pulls out of Ireland due to Brexit concerns
The lack of a ‘firm position’ on passporting by the government has led to uncertainty and the pullout, the insurer says
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XL Catlin makes raft of European promotions
Insurer XL Catlin promotes from within across its European environmental team
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Insurance bosses’ biggest concerns revealed
A survey by PwC reveals that insurance chief executives have a lot to be concerned about
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Cheapest price not a top priority for SMEs – exclusive
Allianz research shows that SMEs have bigger priorities than price when buying insurance
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Charles Manchester's Pelican brief
MUM chief executive Charles Manchester reveals why he isn’t scared to wade into solicitors’ PI with Pelican acquisition