Insurer News – Page 345

News
Hester declares RSA £748m rights issue a success, as investors snap up shares

2014-04-10T08:15:00Z

Cash call to strengthen balance sheet is new chief executive’s first move
News
Nicky Morgan promoted to financial secretary as Javid heads for cabinet

2014-04-10T07:57:00Z

Biba chief executive Steve White pays tribute to ‘rising star’ Javid
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Buildings premiums up 12% following storm claims

2014-04-10T06:31:00Z

Policy sales surged 20% as bad weather struck late last year
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Motor rate cuts ‘makes for grim reading’ for insurers - analyst

2014-04-09T11:56:00Z

Insurers have taken action too early on the expected benefits of regulatory reform
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Motor premiums fell by 7.5% in Q1 – Towers Watson

2014-04-09T08:40:00Z

The average premium has dipped below £600 for the first time since 2009
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Compass beats first quarter GWP target to achieve £535m

2014-04-09T07:30:00Z

Network’s growth plans involve driving volume to its panel of insurers
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Sabre reports 62.1% COR in 2013 after ‘excellent year’

2014-04-09T06:30:00Z

Rates likely to strengthen in second half of 2014, says Sabre chairman Keith Morris
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Catlin withdraws from waste and recycling risks

2014-04-08T15:16:00Z

Lead Lloyd’s underwriter has stopped quoting new business
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Briefing: Why does NIG need to keep cutting costs?

2014-04-08T12:09:00Z

Insurer is planning to offshore 30 jobs to improve efficiency as sub-100% COR target looms
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Direct Line to weather rate cuts better than Admiral – analysts

2014-04-08T08:06:00Z

Overall European insurance sector was ‘resilient’ in 2013, according to Berenberg analysts
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AXA commercial launches shop cover on PowerPlace

2014-04-08T07:39:00Z

Product is AXA’s fifth addition to online marketplace
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ABI: Flood Re band H exclusion was ‘ministerial decision’

2014-04-08T06:56:00Z

Deputy director general Huw Evans says including band H will not jeopardise scheme
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Brightside to develop MGA in motor, household and tradesman liability

2014-04-08T06:30:00Z

New hires announced yesterday will also help to drive underwriting profit for insurers
News
NIG planning to offshore 30 jobs

2014-04-07T16:45:00Z

At-risk positions are not broker-facing and reflect ‘challenging’ commercial landscape
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ABI in Flood Re band H u-turn

2014-04-07T14:11:00Z

Industry originally agreed to exclude high-value properties because of fears over parliamentary support
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Brightside swoops to take two from Towergate

2014-04-07T09:00:00Z

Chief exec Paul Williams wants to drive up expertise around operational, underwriting and compliance divisions
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Finance director David Simpson leaves Bollington

2014-04-07T07:41:00Z

Hire of Patrick McDonnell as Simpson’s replacement forms part of broker’s post-management buy-out restructuring plans
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Profits exposed: Admiral, DLG and Esure - who is most reliant on reserves and add-ons?

2014-04-07T06:30:00Z

Insurance Times analysis of profits at Admiral, Direct Line Group and Esure reveals a reliance on add-ons and reserve releases. But with these revenue streams making up such an important part of their business, are the profits seen for 2013 sustainable?
News
RSA chief Hester joins ABI board

2014-04-04T09:11:00Z

Former RBS boss took helm of insurer in February
News
Quinn Insurance collapse cost Irish policyholders £54m in 2013

2014-04-04T07:56:00Z

Amount collected from policyholder levy rose 44%, compared with 2012 levels