Insurer News – Page 348
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NewsRSA bosses Lee and Brown’s pay more than halved in 2013
Group and UK chiefs did not receive bonuses after loss-making year
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News
AIG UK returns to underwriting profit in 2013 and enters growth mode
High net worth and MGA business among areas for expansion
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RSA launches £773m rights issue
Discounted share sale will net the company £748m after expenses
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Chubb appoints QBE's Dave Draper as casualty manager
Appointment marks a return for Draper who was previously employed by Chubb between 2002 and 2004
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ACE hires Ecclesiastical’s Westwood for new Midlands role
Former broker becomes business development manager for Birmingham and East Midlands
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Gallagher Bassett branch manager George Nicol to chair Biba motor panel
Nicol will replace Allan Briscoe who has chaired the committee for ten years
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Canopius doubles profit in ‘landmark’ 2013
Soon-to-be-bought Lloyd’s insurer boosted GWP by 25% and cut COR by 10 points
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Broker Network and Powerplace sign three year e-trading deal
Exclusive products and schemes for members to follow
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Co-op Insurance MD Summerfield to oversee banking split
Financial results announcement delayed three weeks
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Fitch: Reduction in flood defences spend could drive up Flood-Re claims
Insurers would be forced to make up the difference if scheme cannot meet its claims obligations
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Agenda
One in four consumers would commit motor application fraud – LexisNexis
And one in five think it is acceptable to report a hit-and-run accident to claim for self-inflicted damage
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Agenda
Allianz GCS appoints chief claims officer to its board
Alexander Mack will take up the role on 1 April
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AgendaBriefing: A good year, but don't get complacent
The big insurers have turned in good results for 2013, and they have also had success in cutting complaints. Can they keep it up?
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Agenda
Advent appoints new cargo underwriter
Gary Cook hire follows three new senior appointments in past six months
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Online only19 March 2014 Issue
Read a digital version of the 19 March 2014 edition of Insurance Times. It includes an interview with Admiral boss Henry Engelhardt, we crunch numbers to see which is the top performing insurer of 2013, we examine the fall in the number of complaints against insurers, and this month’s edition ...
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News
Flood Re to include certain domestic SMEs and leaseholders
Band H properties still excluded from affordable flood insurance scheme
