Insurance news

• Aviva adds construction to Premier proposition

  19-02-2016 17:45
  
  Product offers dedicated risk management and claims service
  
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• Brit 2015 profit slumps on poor investment performance

  19-02-2016 15:35
  Brit's full-year pre-tax operating profit fell from $232.9mn to
  $91.7mn year-on-year in 2015, after the Lloyd's carrier's
  investment return slumped and underwriting profits declined.
  The investment return fell to just $10.3mn for 2015, compared to
  $115.7mn in 2014.
  CEO Mark Cloutier said the company had restructured its
  investment portfolio to reduce credit exposures, increase exposure
  to government debt and extend the duration in risk-free assets.
  "This revised strategy takes a long-term view o
  
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• Allianz books EUR163mn loss from European storms

  19-02-2016 15:35
  Global carrier Allianz disclosed a group net loss of EUR163mn
  ($181mn) related to European storms and floods in December, of
  which EUR102mn stemmed from the UK.
  Reinsurance arm Allianz Re took a hit of EUR26mn, while Allianz
  Global Corporate & Specialty (AGCS) booked a loss of EUR24mn.
  The company's Irish operations reported a loss of EUR10mn.
  The losses from the floods caused the UK operation's
  full-year combined ratio to deteriorate by 5 percentage points to
  102.6 percent. Natural catastro
  
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• Allianz CEO Jon Dye not worried by COR above 100%

  19-02-2016 14:33 via insuranceage.co.uk
  
  Dye says Allianz group position is UK is better off in Europe.
  
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• Allianz keen for UK to stay in Europe

  19-02-2016 14:18
  
  Katie Marriner Postonline Allianz UK CEO Jon Dye has confirmed the German-owned insurance company would like the UK to remain within Europe ahead of the planned referendum on the UK's membership of the European Union.
  
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• Allianz’s Dye: Osborne’s whiplash plans will cause motor ‘volatility’

  19-02-2016 14:13
  
  Insurer shrunk private motor book in 2015 because of poor profitability
  
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• Aviva adds construction to Premier range

  19-02-2016 13:50 via insuranceage.co.uk
  
  Insurer details lists of enhancements to the new offering.
  
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• Putting Allianz’s [almost] 13 years of UK profitability into perspctive

  19-02-2016 12:52 via insuranceage.co.uk
  
  Jonathan Swift examines Allianz's achievement of sub 100% COR over nearly 13 years.
  
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• Insurer support is vital in the sub-contracting market

  19-02-2016 12:11 via insuranceage.co.uk
  
  Phil Scarrett, sales and marketing director, ECIC examines the issues.
  
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• Allianz UK profit drops 71% to £41.3m for 2015

  19-02-2016 12:04 via insuranceage.co.uk
  
  Insurer says 2015 had "sting in the tail" as December storms cost the firm £93m.
  
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• Allianz UK profit falls 71% after storm claims bill

  19-02-2016 12:01
  
  Combined operating ratio jumps to 102.6% overall and 106% in personal lines
  
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• Allianz UK reports 102.6% COR alongside £93m storm loss

  19-02-2016 12:00
  
  Katie Marriner Postonline Allianz UK has reported a 2015 combined ratio of 102.6% (2014: 97.6%) with the December 2015 storms costing the business £93m.
  
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• Quiz of the week – 19 February

  19-02-2016 11:09
  
  Peta Fuller Postonline Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
  
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• Broking Break: Bridging the Gap

  19-02-2016 11:09
  
  How can brokers take advantage of changes to Gap regulations? Asks Paul Brierley, CEO, Building Block Insurance.
  
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• Blog: Super hero insurance takes on the DC and Marvel Universes

  19-02-2016 11:00
  
  Jonathan Swift Postonline With Marvel's Deadpool currently setting the cinema box office alight, and plenty more comic adaptions on the way starting with Batman versus Superman in March, I thought it might be time for some Friday fun.
  
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• Zurich launches private motor schemes on Transactor

  19-02-2016 10:56 via insuranceage.co.uk
  
  Household schemes to follow shortly.
  
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• Quizzical questions: 19 February 2016

  19-02-2016 10:27
  
  Test your knowledge of the week's news with our topical news quiz.
  
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• Brit sees profit slump

  19-02-2016 10:05 via insuranceage.co.uk
  
  Profits down and COR rises for insurer as results for 2015 come in.
  
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• Brit profits plummet in tough year

  19-02-2016 08:59
  
  Investment returns shrink considerably 
  
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• Allianz 2015 performance hit by £79m UK storms claims

  19-02-2016 08:47
  
  Rise in combined operating ratio (COR) triggered by UK and European storms 
  
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• Worried footballers question Bluefin’s injury cover scheme

  19-02-2016 08:43
  
  Broker is FA’s preferred scheme broker 
  
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• Worried amateur footballers question Bluefin’s injury cover scheme

  19-02-2016 08:43
  
  Broker is FA’s preferred scheme broker 
  
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• US commercial property rates down up to 10% in Q4

  19-02-2016 02:51
  Rates for US commercial property risks fell by between 5 percent
  and 10 percent in the final quarter of last year according to a new
  study by Marsh.
  The firm said the property price reductions followed a softening
  trend that lasted through 2015 and is expected to continue this
  year.
  "Rates are generally decreasing for buyers as catastrophe
  losses were again low in 2015, insurer competition is at a high
  level, and alternative sources of capital are expected to continue...
  
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• Q4 contributes to 'record' 2015 UW profits at Fairfax

  19-02-2016 02:51
  Underwriting profits across Fairfax Financial's insurance and
  reinsurance operations in the fourth quarter helped the Canadian
  firm to its lowest ever combined ratio for the full year.
  The fourth quarter combined ratio at the company's
  consolidated underwriting operations was 86.4 percent, representing
  a marginal deterioration from the 86.3 percent generated in the
  prior-year period.
  But the performance was part of a full-year combined ratio that
  improved from 90.8 percent to a record low of 89.
  
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