Insurer News – Page 326
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RSA plans more UK job cuts after shedding 100 staff in six months
Insurer planning to reduce UK expenses by between 18% and 19%
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Commercial slump pushes RSA UK into £24m underwriting loss
Commercial COR of 104.5% cancelled out profitable personal lines performance
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Aviva reports best UK COR for seven years
A much improved commercial lines performance helps drive improved underwriting result
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Zurich UK profit up 9% in H1 despite weather and reserve strengthening
COR improves by 3 points to 95%
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Ageas to grow commercial book selectively despite 111% H1 COR
Insurer to take corrective action on large motor losses
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Ageas retail panel exits contributed to L&G’s H1 GWP dip
Insurer shed millions of GWP on RIAS and Castle Cover exit
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Weather claims cut L&G’s GI profit by 28% in H1
Company seeking bolt-on acquisitions to boost GI contribution to group
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Ageas UK H1 profit down 46% following Q1 weather loss
Retail restructure begins as unit profit more than halves to £6.7m
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Preparation for major regulatory changes triggers spike in employer demand
But there is a limited pool of suitable candidates in the financial services sector to fill the jobs
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Ageas to sell life insurance arm to AIG
Sale would allow Ageas to fully focus on its core non-life UK business
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Online only6 August 2014 Issue
Read a digital version of the 06 August 2014 edition of Insurance Times. In this issue: Five things you need to know about Flood Re; BGL sees its future in Europe; Open GI’s plans to float; is the war being won against fraud?; insurers back ‘care not cash’ whiplash reform; ...
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Online onlyIs the add-on market under threat?
With the FCA announcing it intends to force insurers to publish claims ratios for add-on products, Insurance Times looks at what the proposal means for the sector and whether its very existence is under threat
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Online onlyRoundtable: Taking the customer on a better journey
From the use of social media to the replacement of ageing computer systems, delegates at a recent Insurance Times roundtable voiced concerns about how insurers must catch up with customers’ use of technology, or risk becoming irrelevant and losing business
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NewsTowergate Underwriting boss: No business lost since 22 quit for Gallagher
Clive Nathan says remaining team are up for business changes as Fusion invests in IT and new offices
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Gallagher creates senior regional roles to drive Midlands growth post-acquisitions
Broker wants to “leverage combined strengths” of investments in regional market
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UK General launches policy to protect against holiday home scams
Insurer partners with specialist brokers PJ Hayman & Company
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RSA completes move to UK-only call centres
But the insurer only created 170 new roles in the UK, not 350 as initially announced
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Online onlyNIG looks to e-trading and telematics for growth
Managing director Jon Greenwood tells Insurance Times how technology is helping the business grow
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Hiscox launches broader cyber and data insurance
Policy includes support from experts and covers regulation costs
