Insurer News – Page 452
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Online onlyAXA UK’s underwriting breaks even in H1
AXA UK has reported a current-year combined ratio of 100% for the first half of 2011, indicating that the insurer’s underwriting has moved to a break-even position from a loss-making one.The ratio is a 2.1 percentage point improvement over the 102.1% ratio AXA UK posted at the half-year point in ...
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Online onlyRSA chief Andy Haste steps down
RSA group chief executive Andy Haste will step down at the end of this year after eight years leading the insurer.He will be replaced by Simon Lee, currently chief executive of RSA’s international business.“It has been a hard decision to leave but now is the right time for me to ...
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Online onlySolvency II delayed until 2014 - confirmed
The odds Solvency II will not bite until 2014 have increased following the publication by the European Parliament of a new draft timetable for implementing the directive.Burkhard Balz, a member of the Parliament’s Committee of Economic and Monetary Affairs, has submitted a report outlining the new dates for putting the ...
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