Insurer News – Page 352
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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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News
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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News
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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News
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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News
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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News
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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News
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
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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
