Insurer News – Page 294
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1 October 2014 Issue
Read a digital version of the 1 October 2014 edition of Insurance Times. Cover Story: the fall and rise of Swinton; also inside - finalists for Aviva’s Community Broker Fund; EL/PL Portal: success or failure?; what next for new-look Barbon?; FOS complaints part 2 - products; plus coverage of the ...
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Covéa grows southern team with Towergate and NIG hires
Underwriter and regional sales manager appointed
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RSA promotes Rachel Cotton to lead real estate business
Internal appointment replaces Debbie Painter
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Saga reports 66% motor COR in first half-year results since IPO
Operating profit from insurance operations grew by 3%
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Ageas fills Brendan Devine's role with new commercial director Bert Main
Main will look after RIAS, Castle Cover and Kwik-Fit brands
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Direct Line Group chief customer officer exits
Bob Heap will assume responsibilities of departing Darrell Evans
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AXA completes senior broker-facing team with new hire from Allianz
Amy Crouch will be responsible for key broking accounts
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Allianz shares fall 6.2% after Pimco founder Bill Gross exits
The insurer says it has no plans to sell the Pimco business
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Henderson buys Peterborough broker
Richard Kiddle places insurance in the agriculture and farms, motor and commercial market
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FCA fine and restructuring costs cut Swinton’s profit by 18.9%
Broking group slashes dividend to £7.2m from £27m
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Barbican hires underwriter from Talbot
Rachel de Courcy joins as financial and professional lines underwriter
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Bollington swings to £685,000 loss as broker completes £2m overhaul post-MBO
Chief exec Paul Moors says broker is now set for 5% organic growth in 2014
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Catlin replaces Ageas on UK General commercial motor book
New capacity deal will broaden risk appetite
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Liability was insurers’ worst line in 2013 with £826m loss
Underwriting loss was largest in over 30 years according to new ABI statistics
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Swiftcover founder Andrew Blowers appointed as AA non-exec director
Blowers is also a non-executive chairman for insurance broker QMetric Group
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Lloyd's profits up 21% to £1.67bn
Climbing investment returns offset 4% drop in premiums