Insurer News – Page 295
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NewsSteve Lewis: RSA UK’s 99.5% COR ‘not good enough’
Company needs to be more outward looking after difficult two years, says new UK chief executive
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NewsRSA UK profit up 4% despite PI reserve strengthening
Net written premiums drop 15% due to Motability changes and pricing discipline
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Online onlyAllianz reports €5.4bn group GI profit
UK retail business cited as a major driver behind 2.2% growth in profit
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Online onlyRSA CFO set to leave the insurer
Richard Houghton will stand down from the board of directors at the beginning of May, but will stay in his role until a replacement is found
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NewsRSA sets new cost-cutting target as it returns to profit
Insurer now aiming for more than £250m of annual cost savings by 2017
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NewsPaul Evans: AXA UK no longer in turnaround mode
Company now planning for 2020 as commercial and direct motor achieve profitable growth
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Breaking NewsCovéa acquisition of Sterling approved by PRA
Combined UK GWP of the companies is about £600m
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NewsBrit chief: Fairfax deal does not signal my exit
Mark Cloutier predicts more consolidation to tackle the industry’s ‘enormous capital inefficiency’
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NewsBrit promotes Matthew Wilson to group deputy chief executive
Wilson will work closely with group chief exec Mark Cloutier
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NewsAXA UK achieves fourth consecutive year of double digit profit growth
Combined operating ratio for the full year 2014 improved by 1.8 percentage points to 97.1%
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NewsBrit 2014 profit jumps 40% despite 4.1 point COR deterioration
Lloyd’s insurer enjoyed 38.4% boost in investment income
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NewsSterling to launch commercial products on e-trade
E-trade offering will deliver back office integration, an extranet and an e-trade underwriting team
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NewsAviva asset management arm fined £17.6m for failing to manage conflicts of interests
Weaknesses led to a £132m compensation payment to eight impacted funds
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Online onlyMotor insurers slammed for £1.3bn auto-renewal ‘tricks’
Moneysupermarket publishes eight-point plan for insurers to adopt for improved transparency
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Breaking NewsQBE returns to profit in 2014
European division also delivers ‘stable’ results despite challenging conditions
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AgendaAXA offers €30,000 for university students and graduates
More than 20,000 students have applied to win the ‘ultimate gap year’ via the insurer’s Great Global Adventure online game
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NewsInsurance non-execs with specific roles in scope of PRA accountability regime
Regime will not apply to non-executive directors who do not perform delegated responsibilities
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AgendaNovae appoints new syndicates chief executive
Lloyd’s insurer announces raft of new appointments
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