Insurance news

• IIG launches airside liability product

  02-03-2015 18:40
  
  Policy set-up to 'help regional brokers grow their businesses'.
  
  Read more

• THB hires seven from Howden for new energy team

  02-03-2015 17:30
  THB’s energy team will be led by Chris Pinnington who has also joined from Howden
  
  Read more

• Arag launches commercial landlords policy

  02-03-2015 17:02 via insuranceage.co.uk
  
  Insurer says the new product was created after demand from brokers.
  
  Read more

• Hiscox plans to grow its broker book

  02-03-2015 15:21 via insuranceage.co.uk
  
  Chief underwriting officer Richard Watson says insurer will continue to focus on high net worth and small commercial risks.
  
  Read more

• Advertisement

• Hiscox seeking more niche acquisitions following R&Q deal

  02-03-2015 14:12
  But Lloyd’s insurer sees no need to become part of a larger group itself, says chief underwriting officer
  
  Read more

• LV= welcomes CMA consultation on no claims bonus protection deadline

  02-03-2015 12:59
  Consultation is looking into the possibility of extending the deadline until August 2016
  
  Read more

• CMA may extend transparency deadline for no-claims bonus

  02-03-2015 12:43
  
  The body is currently consulting following responses to its January draft order.
  
  Read more

• TSC report expected to call for greater focus on telematics

  02-03-2015 12:37
  
  Callum Brodie Postonline
  
  
  The drive to improve road safety is in danger of running off course as a result of the government’s failure to introduce a strategic plan to exploit emerging technologies, a parliamentary report will warn this week.
  
  Read more

• Advertisement

• MA Group launches high value property repairs service

  02-03-2015 12:00
  
  James Verrinder Postonline
  
  
  Cipher UK, a new national property repairs service for insurers has been launched today (2 March) by the MA Group, specialising in complex and high value repairs up to £500,000.
  
  Read more

• Hiscox UK and Ireland sees 5.5% rise in GWP

  02-03-2015 11:24 via insuranceage.co.uk
  
  Sector reports combined operating ratio of 88.6% for 2014.
  
  Read more

• International Underwriting Association calls for innovative emerging risks cover

  02-03-2015 11:09
  
  James Verrinder Postonline
  
  
  The board of the International Underwriting Association discussed the challenges of providing cover for emerging risks at a recent meeting with the Association of Risk and Insurance Managers (Airmic).
  
  Read more

• IUA calls for innovative emerging risks cover

  02-03-2015 11:09
  
  James Verrinder Postonline
  
  
  The board of the International Underwriting Association has discussed the challenges of providing cover for emerging risks at a recent meeting with risk managers association Airmic.
  
  Read more

• Pool Re buys £1.8bn of reinsurance from commercial market

  02-03-2015 11:07
  Munich Re-led coverage placed by reinsurance broker Guy Carpenter
  
  Read more

• Hiscox UK and Europe delivers record profits in 2014

  02-03-2015 11:06
  
  Callum Brodie Postonline
  
  
  Hiscox chairman Robert Childs has heralded his firm’s “discipline” in underwriting and within its investment portfolio after posting a marginal reduction in group pre-tax profit for 2014 of £231.1m (FY 2013: £244.5m).
  
  Read more

• RSA disposals impacted by staff pension liabilities

  02-03-2015 11:02
  
  Katie Marriner Postonline
  
  
  RSA is reportedly turned-off the prospect of a break-up of the company due to large amounts of sale proceeds having to be allocated to staff retirement schemes.
  
  Read more

• Amlin disappointed with UK performance in 2014

  02-03-2015 10:45 via insuranceage.co.uk
  
  COR for UK business grows to 105% from 100% the previous year.
  
  Read more

• Hiscox and R&Q Synergy MGA deal stopped

  02-03-2015 10:45 via insuranceage.co.uk
  
  Insurer pushes ahead with £9.25m yacht and marine trade MGA buy.
  
  Read more

• Is your brokerage the best company to work for?

  02-03-2015 10:30
  
  UK Broker Awards will now celebrate the Best Broker to Work For trophy at September ceremony.
  
  Read more

• AXA launches e-traded SME products on Applied Systems

  02-03-2015 10:29
  Property owners’ and tradesmen products will be available to brokers using the system, as well as mini-fleet
  
  Read more

• Axa picks Applied to distribute online SME products

  02-03-2015 10:25
  
  Katie Marriner Postonline
  
  
  Axa Commercial Lines and Personal Intermediary has partnered with software provider Applied Systems to distribute its online SME products.
  
  Read more

• Laurent Josi starts as CEO Axa Asia

  02-03-2015 10:11
  
  Andrew Tjaardstra Postonline
  
  
  Jean-Louis Laurent Josi has started his role as CEO of Axa Asia today in Hong Kong.
  
  Read more

• R&Q’s sale of Synergy MGA to Hiscox falls through

  02-03-2015 10:06
  Company was unable to reach mutually acceptable terms
  
  Read more

• Webinar - The data difference: How analytics can help insurers maximize customer value

  02-03-2015 10:00
  
  Jonathan Swift Postonline
  
  
  In a market as competitive as general insurance, it is imperative that companies have as accurate a view of their policyholders or prospective customers as possible.
  
  Read more

• Axa extends broker access to online SME products

  02-03-2015 10:00 via insuranceage.co.uk
  
  Insurer has signed an agreement with software company Applied Systems.
  
  Read more

• Motor racing industry to fight European ruling on mandatory insurance

  02-03-2015 09:58
  New legislation will make it compulsory for all vehciles to have insurance, regardless of use
  
  Read more

• Amlin profits hit by reduced reserve releases and investment return

  02-03-2015 09:54
  
  Callum Brodie Postonline
  
  
  A combination of condensed reserve releases and a dip in investment return last year has been blamed for a £67m fall in profit before tax at Amlin.
  
  Read more

• Hiscox UK and Europe makes ‘record’ £73.3m profit in 2014

  02-03-2015 09:51
  Group profit before tax dips 5% to £231.1m
  
  Read more

• RSA's pension scheme liabilities preventing sale - Hester

  02-03-2015 09:48
  Pension scheme liabilities at the insurer are 75% greater than its £4.36bn market value
  
  Read more

• Randall & Quilter and Hiscox disagree on Synergy terms

  02-03-2015 09:47
  
  Andrew Tjaardstra Postonline
  
  
  The deal between Randall & Quilter and Hiscox over R&Q's managing general agent Synergy Insurance has fallen through after not agreeing "mutually acceptable terms".
  
  Read more

• Former AIG CEO Benmosche dies

  02-03-2015 09:24
  The 70 year old had been suffering from lung cancer since 2010
  
  Read more

• Amlin UK reports ‘disappointing’ 105% COR after large motor losses

  02-03-2015 09:23
  2014 group profit drops 21% because of lower reserve releases and investment returns
  
  Read more

• Admiral's Engelhardt to pocket £33m

  02-03-2015 09:13
  Henry Engelhardt is expected to announce an annual dividend of 98.2p a share when the insurer publishes its 2014 financial results on Thursday
  
  Read more

• CMA opens consultation on no claims bonus protection deadline

  02-03-2015 09:04
  The CMA is consulting on whether or not to extend the deadline for implementation until August 2016
  
  Read more

• Telematics device helps rumble false claim

  02-03-2015 07:30
  Driver got 14-month sentence after saying crashed hire car was stolen
  
  Read more

• Besso’s Colin Marshall resigns after over 30 years with firm

  02-03-2015 07:30
  Chief executive of group’s Lloyd’s broker to leave in mid-June
  
  Read more

Follow @Insurance_UKnws on Twitter!