All Online only articles – Page 94
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Top 50 Insurers 2014: #5 Direct Line Group
GWP: £3.2bnManagement:Direct Line Group (DLG) chief executive Paul Geddes has overseen a transformational year at the insurer as it has gone about cutting its high cost base. Geddes announced 2,000 job cuts in June 2013 and this, combined with other measures, means that the insurer is on course to get ...
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Top 50 Insurers 2014: 21-30
21. Liberty Mutual GWP: £702.8m Management US insurer Liberty’s main operation in the UK is now Liberty Specialty Markets, which is headed up by president and managing director Nick Metcalf. He is supported by two chief underwriting officers: Sean Rocks for commercial and Matthew Moore for specialty and reinsurance. The ...
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Top 50 Insurers 2014: 31-40
31. AmTrust Europe LimitedGWP: £339.6mManagementChief executive Max Caviët has been at the helm of AmTrust Europe since its acquisition by the AmTrust Group in 2007. A big player in the solicitors’ professional indemnity insurance market AmTrust has seen its COR fall 6.9 percentage points to 71.1% in 2013 from 78% ...
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Online onlyThe Insurance Times Top 50 Insurers 2014
The definitive listing of the 2014 Top 50 Insurers has now been released. Who are this year’s risers and fallers, and who has been named the cream of the crop?
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Top 50 Insurers 2014: 11-20
11. QBEGWP: £1.6bnManagementQBE is the largest insurer in Australia, and is headed up by John Neal. The 49-year-old pulled off a coup by signing up Aviva’s Pat Regan as chief financial officer. Regan was tipped as the heir to the chief executive throne at Aviva, but lost out to Mark ...
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Top 50 Insurers 2014: 6-10
6. ACEGWP: £2.4bnManagementDavid Robinson is regional president for UK and Ireland with responsibility for ACE’s retail insurance operations in those two countries. He is supported by Phil Sharpe, chief operating officer for UK and Ireland retail operations. The duo are seasoned insurance professionals, with a combined experience of more than ...
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Online onlyReserve releases drive personal lines profit
Part two of Insurance Times’s study of PRA returns reveals underlying personal motor performance woes. Financial loss provided stand-out profitability, with a combined operating ratio of 85.3%
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Online onlyEU data protection rules could hamper fraud investigations
Regulation would give policy holders the right to withdraw their consent for insurers to process their personal information
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Online onlyCovéa strikes deal with LexisNexis for schemes management tool
Covéa will now use LexisNexis Map View for processing schemes’ risk data
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Online only29 October 2014 Issue
Read a digital version of the 29 October 2014 edition of Insurance Times. In this issue: how household and pet insurance rescued the industry in 2013; what next for Towergate?; Deakin - third time lucky for Gallagher?; telematics takes off, but profits might not; brokers go back to school; Big ...
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Online onlyIFED makes double arrest at claims management company
Two men arrested on suspicion of impersonating policyholders to gain personal information for whiplash claims
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Online onlyPRA questions insurers over climate change
The regulator wants to know how businesses and investments will be affected by the changing global climate
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Online onlyLondon Land Rovers refused motor insurance after spate of thefts
Insurers are requiring the cars to be parked underground or in secure facilities for cover to be provided
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Online onlyAA still has reservations about whiplash panels
Managing director Janet Connor said more information needs to be provided to medical practitioners for assessing whiplash injuries
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Online onlyTelematics takes off - but doubts remain over profitability
Telematics technology is set to boom over the next five years, thanks to mobile apps. But can insurers reverse the effects of rate cuts on profits?
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New technology will make motorists more like pilots - ABI
Questions raised over liability in driverless cars
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Online onlyBig Data fuelling motor rate cuts, says SSP
Has insurers’ investment in data enrichment technology been wasted?
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Motor legal costs plummet 65%
Reforms introduced in April 2013 have helped cut average settlement costs by 4%
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Online onlyABI blog: CMA investigation – the future face of credit hire
ABI manager for civil justice policy Rob Cummings talks about the ‘missed opportunity’ of the Competition and Market’s Authority’s probe into the private motor insurance market and asks the question:what next for credit hire?
