Insurer News – Page 219
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AA launches underwriting division as it targets 250,000 policies
AA Underwriting Insurance will expand from new telephone business to online and aggregator sites
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Beazley profits up by 8.4% as demand for cyber cover grows
Insurer is planning to return head office to London to increase operational efficiency of group
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Beazley chief exec Andrew Horton to take break in March and April
Chief underwriting officer Neil Maidment will serve as acting chief executive
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Gibraltar insurer Enterprise missed SII capital deadline
But chief executive insists the company will meet requirements in three to six months
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83% of UK insurers keen on setting up own aggregator sites
Accenture study found that aggregators in the UK account for 60-70% of new business in private motor
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LV= Broker enhances ABC Home offering
LV= says offering provides flexibility on cover so that brokers can meet specific needs of customers
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Markerstudy to rebrand Chaucer Direct as Geoffrey Insurance Services
New name is a homage to poet Geoffrey Chaucer
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Zurich ‘prepared to shrink’ some businesses after scale of 2015 claims
Risk chief Reyes says the group should re-price or walk away from some risks
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Swinton hires CDL to replace legacy systems in IT upgrade
The ongoing contract and relationship that Swinton has with SSP will continue for the foreseeable future
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Small claims reform sparks unrated insurer Elite's solicitors’ PI exit
Gibraltar-based firm blames falling rates and increasing fraud for withdrawal
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Icahn says he will propose alternate AIG board
Activist investor says AIG’s restucturing plan is ‘inadequate’
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Canopius UK retail boss Tim Rolfe to depart
March departure ends five-year stint at Lloyd’s insurer
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FCA regulation of insurance sector is 'not cost-effective' - MP
Funding model suggests that UK firms are paying for supervision of other non-insurance broker entities - MP Craig Tracey
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Online only
February 2016 issue
Read a digital version of the February 2016 edition of Insurance Times. Cover story: How Solvency II has reshaped the Gibraltar market Rivals snap up ex-Willis Networks members New data gold mine to help insurers crack motor fraud Home cover rates fall as shoppers turn to aggregators ...
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QBE rugby model predicts Ireland to win 6 Nations
Actuarial model has 83% forecast success rate, but England’s fiery new skipper may be too unpredictable
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Flood Re completes £2.1bn reinsurance deal
Programme was ’significantly oversubscribed’, says chief executive
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County Group acquires Welsh broker
Denbigh-based broker George Williams has a 15/85 split between personal and commercial insurance
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PRA fines failed insurer Millburn £2.9m and bans ex-chief executive
The regulator has also fined McIntosh £25,173
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LV=’s O’Roarke to chair law firm Horwich Farrelly
GI managing director joins law firm ahead of departure from insurer
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UK named 'whiplash capital of the world'
LV= research also reveals lengths claims management companies (CMCs) have gone in order to persuade drivers to claim