Insurance news

• Staysure "works tirelessly" to prevent further data breaches

  25-02-2015 18:37
  
  Measures follow £175,000 fine by ICO for IT failings leading to fraud by hackers.
  
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• Staysure fined £175K for IT security failings

  25-02-2015 15:52
  
  Information Commissioner's Office says hackers were able to access customer records.
  
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• Staysure fined £175,000 for IT security failings

  25-02-2015 15:52
  
  Information Commissioner's Office says hackers were able to access customer records.
  
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• Paul Evans: AXA UK no longer in turnaround mode

  25-02-2015 14:35
  Company now planning for 2020 as commercial and direct motor achieve profitable growth
  
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• Staysure stung with £175,000 ICO fine

  25-02-2015 14:03
  
  Katie Marriner Postonline
  
  
  Travel insurer Staysure has been fined £175,000 by the Information Commissioner's Office after IT security failings allowed hackers to access customer records.
  
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• Evans declares Axa five year turnaround plan 'job done'

  25-02-2015 13:39
  
  Callum Brodie Postonline
  
  
  Axa UK and Ireland CEO Paul Evans has described the five year turnaround plan unveiled in 2011 as “job done” a year ahead of schedule.
  
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• DAS confirms suspension of group manager Phil Bellamy

  25-02-2015 13:35
  
  Katie Marriner Postonline
  
  
  DAS has confirmed group after the event and special risks manager Phil Bellamy was one of two staff members suspended from the company following an internal audit.
  
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• Axa delivering ahead of schedule, says CEO Evans

  25-02-2015 13:08
  
  Provider seeing profitable growth in the broker channel.
  
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• Broker fined £175,000 by information watchdog after cyber criminals raid customer records

  25-02-2015 12:47
  Top 50 broker Staysure slammed by Information Commissioner’s Office for ‘unbelievable’ security failures
  
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• Blog: Putting your life in 'smart' hands

  25-02-2015 12:40
  
  Peter Rudd-Clarke and Florence Page Postonline
  
  
  As consumers ride the new wave of 'smart' technology and eagerly await the arrival of the Apple Watch, insurers may be watching with some trepidation.
  
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• Covéa acquisition of Sterling approved by PRA

  25-02-2015 12:16
  Combined UK GWP of the companies is about £600m
  
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• Blog: ERRA Update - Scotland poised to reverse the impact of s69?

  25-02-2015 12:03
  
  David Hennessy Postonline
  
  
  The Enterprise and Regulatory Reform Act 2013 came into effect over a year ago. Brodies solicitor David Hennessy looks at the Act's impact and a bill proposed to reverse its effects
  
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• Das confirms identity of suspended staff member

  25-02-2015 11:41
  
  Former group after the event and special risks manager, Phil Bellamy, was one of two staff suspended following internal audit.
  
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• Covéa confirms acquisition of Sterling

  25-02-2015 11:22
  
  Francesca Nyman Postonline
  
  
  Covéa’s acquisition of Sterling has been given the green light by the Prudential Regulation Authority.
  
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• Covéa’s Sterling deal approved

  25-02-2015 11:01
  
  Regulator approves acquisition of high net worth provider.
  
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• Post magazine – 26 February 2015

  25-02-2015 10:57
  
  Post Online Postonline
  
  
  The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
  
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• Axa reports 94.6% commercial COR

  25-02-2015 10:20
  
  Provider’s commercial revenues top £1bn in 2014.
  
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• Going for growth digital edition: HCC

  25-02-2015 10:08
  
  In our series discussing the pressing issues and challenges that the market face we speak to Simon Calderbank of HCC.
  
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• British entrepreneurs to benefit from £14.7m Axa start-up fund

  25-02-2015 10:06
  
  Callum Brodie Postonline
  
  
  Axa UK has pledged €20 million (£14.7m) to boost the development of innovative ideas that could be used to benefit to the future of the insurance, healthcare and financial technology industries.
  
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• Brit chief: Fairfax deal does not signal my exit

  25-02-2015 09:58
  Mark Cloutier predicts more consolidation to tackle the industry’s ‘enormous capital inefficiency’
  
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• Brit's Cloutier confident despite tough market conditions

  25-02-2015 09:52
  
  Andrew Tjaardstra Postonline
  
  
  Brit group CEO Mark Cloutier has said he is not troubled by the market environment "being more and more difficult out there".
  
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• Axa chalks up fourth year of double digit profit growth in the UK

  25-02-2015 09:42
  
  Callum Brodie Postonline
  
  
  Axa’s UK and Ireland general insurance business recorded a fourth successive year of double digit earnings growth after chalking up a 40% rise in underlying earnings to £250m in 2014 (FY 2013: £178m).
  
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• Brit promotes Matthew Wilson to group deputy chief executive

  25-02-2015 09:19
  Wilson will work closely with group chief exec Mark Cloutier
  
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• Wilson promoted to Brit deputy CEO

  25-02-2015 09:09
  
  Andrew Tjaardstra Postonline
  
  
  Brit's chief underwriting officer Matthew Wilson has been been promoted to group deputy CEO alongside his existing role.
  
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• AXA UK achieves fourth consecutive year of double digit profit growth

  25-02-2015 09:03
  Combined operating ratio for the full year 2014 improved by 1.8 percentage points to 97.1%
  
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• Brit 2014 profit jumps 40% despite 4.1 point COR deterioration

  25-02-2015 08:49
  Lloyd’s insurer enjoyed 38.4% boost in investment income
  
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• Brit's 2014 profits climbed 40%

  25-02-2015 08:37
  
  Andrew Tjaardstra Postonline
  
  
  UK-based insurer Brit's after tax profits were £139m last year compared to £99.5m the previous year, up 39.7%, as its investment returns rocketed 38.4% year on year.
  
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• Brit's 2014 profits climb 40%

  25-02-2015 08:37
  
  Andrew Tjaardstra Postonline
  
  
  UK-based insurer Brit's after tax profits were £139m last year compared to £99.5m the previous year, up 39.7%, as its investment returns rocketed 38.4% year on year.
  
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• Brit 2014 profits climb 40% as investment returns skyrocket

  25-02-2015 08:37
  
  Andrew Tjaardstra Postonline
  
  
  UK-based insurer Brit's after tax profits were £139m last year compared to £99.5m the previous year, up 39.7%, as its investment returns rocketed 38.4% year on year.
  
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• Sterling to launch commercial products on e-trade

  25-02-2015 08:05
  E-trade offering will deliver back office integration, an extranet and an e-trade underwriting team
  
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• Every communication with has Aviva turned into a car crash

  25-02-2015 08:00
  
  After a minor accident six months ago which wasn’t my fault we still can’t get it resolvedSix months ago I was involved in a minor accident that was not my fault. Another car entered a roundabout when I had right of way and caused enough damage to write off my elderly car. I had two witnesses to confirm that I was not at fault. My third party-only insurer Quinn was not interested once it had established I was not at fault. Continue reading...
  
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• Every communication with Aviva has turned into a car crash

  25-02-2015 08:00
  
  After a minor accident six months ago which wasn’t my fault we still can’t get the insurer to pay outSix months ago I was involved in a minor accident that was not my fault. Another car entered a roundabout when I had right of way and caused enough damage to write off my elderly car. I had two witnesses to confirm that I was not at fault. My third party-only insurer Quinn was not interested once it had established I was not at fault. Continue reading...
  
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• Berkshire Hathaway recruits from RSA and Swiss Re in Singapore

  25-02-2015 03:27
  
  Andrew Tjaardstra Postonline
  
  
  Berkshire Hathaway Specialty has continued its recruitment drive in Asia with two hires in Singapore.
  
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