Latest News – Page 714
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News
Government calls for early review of Solvency II amid competition fears
The Treasury and Bank of England have written to the European Commission - also calling for wider review
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Analysis: High Court rules tenants are covered by landlord's insurance
NFU Mutual ordered to pay £100,000 costs after lawsuit against tenant fails
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Judge rules tenants are covered by landlord’s policy in NFU legal defeat
NFU Mutual ordered to pay £100,000 costs after lawsuit against tenant fails
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Terrorism threats and effect of a UK exit from EU on Biba 2016 agenda
Challenges facing the London Market will also be debated at the conference
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Aon broking profit down 9% in 2015
But broker enjoys organic growth in commission and fees of 3%
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Storms Eva and Frank to cost insurers £526m – PERILS
Figure is in addition to cost of Storm Desmond, estimated at £717m, and wind-related claims at £42m
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Aspen profits drop 9.1% as UK flood losses bite
Boss O’Kane promises to “drive efficency” across the business
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Allied World shares crash amid profit plunge
Insurer blames tough underwriting conditions as combined operating ratio soars
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Great Lakes to replace Ageas on UK General’s personal book
New three-year capacity deal takes effect from April
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RSA ends Irish staff pay freeze with 2% rise
RSA strikes deal with union to end pay freeze
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Agenda
Claims Excellence Awards: Are you there? Best photos over the years
Take a look back through pictures of the previous three Claims Excellence Awards and enter for 2016’s event now
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Adrian Colosso resurfaces at wholesale broker
Citynet has appointed Adrian Colosso as a non-executive director to help with expansion plans
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Marsh parent’s broking profit rises 2% in 2015
Division’s revenue flat but organic growth was 3%
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Elite’s solicitors’ PI agent Inperio ‘surprised’ by insurer exit
Elite chief executive Jason Smart says the insurer wants to expand into product lines that carry less risk
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RSA’s Aaron Devitt named Travelers Europe operations head
Devitt replaces Matthew Wilson, who became chief executive last year
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Agenda
AXA leads $55m investment in blockchain
The firm lead the investment with Horizons Ventures and Digital Garage
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Judge throws out ‘fundamentally dishonest’ £50k claim against AXA
Judge finds that accident involving insurer’s customer was staged
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AA launches underwriting division as it targets 250,000 policies
AA Underwriting Insurance will expand from new telephone business to online and aggregator sites
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Beazley profits up by 8.4% as demand for cyber cover grows
Insurer is planning to return head office to London to increase operational efficiency of group
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Beazley chief exec Andrew Horton to take break in March and April
Chief underwriting officer Neil Maidment will serve as acting chief executive