Insurer News – Page 240
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NewsTEn MD to step down as network appoints replacement
Malcolm Lee will continue as financial director for the foreseeable future
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NewsAXA’s Blanc: rival Allianz’s Insurance Act plan is ‘a bold move’
GI chief executive hails turnaround of direct motor business but notes challenges on brokered side
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NewsOne in four UK companies hit by cyber crime
Almost a third of companies surveyed in the UK have no plan to respond to a cyber attack
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NewsCEO email scams on the rise
The scams have cost businesses around the globe more than $2bn in little over two years
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NewsRSA Group post-tax profits jump threefold
RSA’s core group combined operating ratio improved by 2.8 percentage points to 96%, despite the December weather storms
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NewsRSA to focus on underwriting rather than price increases
Stephen Hester says since Zurich ended discussions to buy RSA the insurer has not received any other approaches
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NewsAXA UK puts storm bill at £80m as it reports improved profit and COR
97.1% COR bolstered by £39m of reserve releases
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NewsRSA UK underwriting profit rises threefold despite £134m storm claims bill
COR improves to 99.5% but personal motor came in at 107.8%
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NewsMGAA elects two new directors as founders leave board
New chairman to be elected on 14 March as Reg Brown retires
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NewsGiles/McManus consolidator PIB acquires £6m turnover broker
Acquisition of Cooke & Mason follows the purchase of broker Fish Insurance earlier this month
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NewsAllianz reportedly puts S Korean life business up for sale
Sale could raise $500m as company concentrates on core businesses
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NewsABI rejects PRA plans for Solvency II annual audits
Plan could lead to five-fold increase in audit fees, ABI says
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NewsQBE’s Pryce: Soft market driving brokers’ push for higher commissions
Brexit could prompt QBE restructure, European Operations head says
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NewsHigh Net Worth Broking: Live Updates
The Insurance Times Editorial team brings you a rolling update from the High Net Worth Broking event held in London
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NewsSwiss Re chief executive Michel Liès to retire on 1 July
Reinsurance head Christian Mumenthaler to take over
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NewsQBE Europe profit rises 34.5% despite £77.4m UK storm claims bill
COR improves by 5.2 points to 89.1% thanks to 60% jump in reserve releases
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NewsPool Re takes first steps to start covering cyber – report
Government-backed terror reinsurer looking to broaden remit
