Ageas
Market Moves - 26 February 2015
All the latest job moves in the insurance market.
Europe C-Suite: Keeping up with innovation
Ageas CEO Bart de Smet looks at imminent innovations which will impact the insurance market.
Next two quarters will tell if signs of improvement in motor are 'false dawn' says Ageas UK CEO
Ageas UK CEO Andy Watson has predicted this year could see an improvement in the motor market as fuel prices mean drivers take to the road more frequently but says the next two quarters will tell.
Ageas UK CEO Watson says 2014 results show insurer in ‘good shape'
Ageas UK saw a leap in net profit for the year ended 31 December 2014 to £94.7m from £85.2m in 2013.
Insurers vow to learn from CMA report blow to combat credit repair inflation
The Competition and Markets Authority’s decision not to address the rising cost of credit hire has led to a “free for all” in credit repair cost inflation, according to insurers, who have vowed to unite to tackle the issue.
Did Nationwide score a touchdown or fumble the ball with its #makesafehappen Super Bowl advert?
The screening of an advert of US insurer Nationwide during the Super Bowl triggered a debate about insurance commercials, the likes of which has not been seen in the UK. Jonathan Swift looks at the fallout and asks six experts for their views.
Ageas confirms Stanley’s departure after ‘consultation process’
Ageas’ change and development director will be leaving the business at the end of March, the insurer confirmed today.
Age UK offers 'goodwill gesture' to reverend after discrimination dispute
Age UK has denied accusations it discriminated against a Christian minister by threatening to void her motor insurance policy after she put religious slogans on her car.
Zurich stands by ex-SSL directors despite £100k debt
An arm of Zurich's investment portfolio is estimated to be owed around £100,000 in rent arrears by defunct loss adjusting business SSL, according to an administrators’ report.
ABSs highlighted as claims upsurge threat as CMC numbers dwindle
The rapid demise of claims management companies and the subsequent reduction in bodily injury claims is in danger of being offset by the future strategy of insurance companies with alternative business structures, according to market observers.
Penny Speed Meets... Cathy Taylor, head of commercial underwriting and operations, Ageas
Penny meets Ageas head of commercial underwriting and operations, Cathy Taylor
Floods: One year on
After the government announced properties in council tax bands H and I would be eligible for Flood Re, how are insurers prepared for future flood events and what have they learned since 2014?
90% of 2013/14 winter flood and storm claimants satisfied with service
Nine out of ten customers that made a flood or storm claim last winter were satisfied with the way it was handled, according to a study by the General Insurance Market Research Association.
Ageas completes £197m sale of Ageas Protect to AIG
Ageas has completed the sale of its 100% shareholding in Ageas Protect Limited to AIG for £197m.
Post's Christmas Q&A
As the festive season is drawing to a close, Post caught up with some of the insurance industry's key players to talk miserable Christmas songs, Die Hard and Mr Blobby...
Post's Christmas Q&A
As the festive season gets well and truly underway, Post caught up with some of the insurance industry's key players to talk New Year's resolutions, champagne and history books...
Post's Christmas Q&A
As the festive season gets well and truly underway, Post caught up with some of the insurance industry's key players to talk Santa slippers, mince pies and terrible Christmas presents...
Zurich & Ageas increase market share in household at expense of top five
Competitive mid-tier household insurers have been gaining market shares and market power at the expense of the top five UK household insurers, according to a report by Timetric UK FS Intelligence Center.
Pen teams up with Ageas on online household capacity deal
Ageas has reached an agreement with Arthur J Gallagher managing general agent brand Pen Underwriting to provide long-term capacity for household insurance through a number of online-traded solutions.
Ageas UK agrees new strategic partnership with Virgin Money
Ageas UK and Virgin Money have entered into an agreement that will see both businesses work together to create a range of home and motor insurance products for the UK market during 2015.
Review of the Year: General Insurance
General insurers including Ageas, Aviva, Direct Line, Axa and LV reflect on a year that started with immense flood claims, saw the Competition and Markets Authority’s final report into motor insurance and ended with a warning by the regulator on the use…
New look IFB technical board to be chaired by Axa fraud boss Davies
Axa global chief fraud control officer Richard Davies has been appointed as chairman of the Insurance Fraud Bureau’s technical board as part of a shake-up that will result in an influx of new board members.
Insurers unfazed by CMA probe into Crawford's GAB acquisition
Insurer claims specialists are relaxed about the Competition and Markets Authority investigation into Crawford’s £45.8m acquisition of GAB Robins.
Ageas secures £150m RBS loan for retail restructure
Ageas has obtained a loan of £150m from RBS Invoice Finance to help it restructure its retail business as announced in its Q3 results.