Insurer News – Page 329
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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
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News
Stephen Hester launches £775m rights issue as RSA reveals £244m loss
‘RSA does not have enough equity to support the business it’s writing’ chief exec admits
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News
DLG’s Geddes: Don’t jeopardise Flood Re with exclusions quibbles
Chief executive confident of hitting 100% commercial COR target
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Agenda
Digital transformation is key to profitability - report
World Insurance Report finds insurers with strong digital presence and a customer focus are 26% more profitable
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News
Direct Line beats 2013 COR target thanks to reserve releases
COR improves to 96.1% and profit rises 15% despite £82m of weather claims
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Agenda
Swinton launches TV ad campaign amid brand refresh
Insurer says move is part of an investment programme to build a foundation for growth
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News
Capita buys stake in Infinity Agency
High net worth motor MGA will use Capita’s outsourcing services
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News
QBE Europe’s profit drops 41% as group makes loss
Group chief executive Neal “disappointed” as North American woes hit result
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News
Tell Biba how Flood Re exclusions will affect your clients
SMEs, private landlords, new homes, and leasehold properties won’t be covered by scheme
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News
Oval profits up 19% on big client wins
Chief executive Blanc ‘really grateful’ for group focus in face of sale talks
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Breaking News
Acquisitions boost insurers’ short-term share price
But long-term gains are rare, according to Towers Watson and Cass Business School
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News
Yutree MD Hancock to represent smaller brokers as new Biba advisory board chair
Mason Owens Financial Services MD Andrew Gibbons appointed as deputy
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News
Band H homes at flood risk face premiums 20 times UK average
Hiscox issues warning and calls for Flood Re ‘not to discriminate’
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News
L&G plans to sidestep banks with SME lending
Chief executive Nigel Wilson reports growing demand for private placements
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News
Hiscox hails ‘excellent’ UK performance despite flat profit
Lloyd’s insurer expects to pay £16m for UK flood claims
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News
Floods could push up combined ratios by 4% - Standard & Poor's
Ratings agency says financial strength ratings will be unaffected
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News
AXA expects £100m of bad weather claims from past three months
£35m reserve strengthening was driven by second wave of deafness claims
