Insurer News – Page 328
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News
Former Lemma Europe MD Trusselle declared unfit by Gibraltan regulator
Broker which placed solicitors PI cover with Lemma required to wind up business
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Mazars makes two new hires to insurance divisions
Former Ecclesiastical Group chief exec Michael Tripp joined the firm in October 2013
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Zurich jumps five places on Sunday Times Top 25 list
Other insurers that retained a spot in the list include L&G, AXA, RSA and Admiral
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Allianz UK aims to overtake RSA and Aviva in commercial by 2018
Insurer plans to be a £3bn business overall in five years
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Allianz UK operating profit up 5.6%
Chief executive Dye warns of commercial rate increase slow-down
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Amlin UK’s underwriting profit drops 89%
But company expects UK unit to benefit from continuing fleet motor rate rises
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S&P upgrades RSA to A
Rating agency notes ‘number of positive financial developments’ since December downgrade
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Weather damage claims in Q4 2013 are worst for a decade - Deloitte
January storms are also likely to result in the highest number of Q1 claims since 1990
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Willis takeover costs push Prime Professions into loss
But Willis PI chief says broker’s underlying trading is robust
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AgendaBriefing: Learning the lessons of the RSA crisis
There’s a lot the industry can take from events at the troubled insurer
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Cameron accused of giving wealthy home owners preferential treatment over Flood Re "inclusion"
Millions of excluded leasehold and private rented homes have been left to “sink or swim” - British Property Federation
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Randall and Quilter plans for acquisitions in H2 2014
Pre-tax result for 2013 to be in line with expectations but 2014 group profit is likely to emerge later in the year
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Blackstone's Tom Stoddard to replace Pat Regan as Aviva chief financial officer
Stoddard who is currently a senior MD at the investment firm will start his new job in May
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RSA plans to pull back further from motor after posting 111.7% COR
Insurers cut rates too much before Laspo - Adrian Brown
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Risk of more floods from climate change as UK storms cost set to exceed £1bn - Allianz
UK floods and US snow storms are connected by the destabilisation of the jet stream - Allianz
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Deafness claims push RSA’s UK commercial liability COR to 140%
Overall UK COR up 0.4 points after hits from weather, liability and motor
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Online only
Unrated insurer ERIC loses licence
The Icelandic Financial Supervisory Authority made the move after issues with minimum solvency requirements
