Ageas
Tesco Underwriting COR fails to drop below 100%
Tesco Underwriting’s combined operating ratio has remained above 100% despite seeing net profit rise in line with where it should be, according to Ageas chief executive Andy Watson.
Ageas reports £82.9m profit as income exceeds £2bn
Ageas UK has increased profit by 11% to £82.9m in 2012 compared to the 2011 figure of £74.7m and a combined ratio of 99.8% (2011: 99.9%)
Editor's comment: A glimmer of romance
So, it’s St Valentine’s Day — the dinner is in the oven, the bubbly is on ice, the flowers are in water and love is in the air... or is it?
View from the top: Fighting our corner
The industry must draw more attention to its positive achievements in light of bad press, says Andy Watson, chief executive, Ageas UK.
Groupama MD Matras set to depart as Ageas unveils management shake-up
Ageas has this afternoon confirmed that former Groupama Insurances managing director Laurent Matras will leave the business, as the integration of the acquired firm gathers momentum.
Post magazine – 14 February 2013
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
BISL and RSA among firms topping affinity partnership value table
Research into the effectiveness of personal lines affinity schemes has uncovered the identity of firms rated as offering the best partnership value.
Tesco Underwriting swoops to recruit CUO from Zurich
Tesco Underwriting has named Zurich’s director of personal lines, pricing and underwriting as its new chief underwriting officer.
CC receives wave of industry response to private motor insurance investigation
Opening responses to the Competition Commission’s investigation into the private motor sector have been received from a variety of interested parties.
Swinton and Esure owed over £1m by Drive Assist
Swinton and Esure are owed more than £1m each by failed credit hire company Drive Assist.
Ageas investigators expose bogus claimant four years after collision
A woman who lodged a £100 000 claim with Ageas for back injuries she supposedly sustained in 2009 collision has been ordered to pay back upwards of £19 000 after she was found to have pre-existing problems.
Groupama extends range of small fleet product
Groupama Insurances has extended the range of its Optima Small Fleet product, making it available for well-managed small fleets of up to 25 vehicles.
Smith to spearhead Ageas growth with three-year plan
Ageas UK's new chief executive Andy Watson has stressed that the firm will keep an active eye on potential acquisitions after taking the reins from Barry Smith, who has stepped up to become the group’s first chief operating officer.
Marchington aims high with new broker
Andrew Marchington's start-up broking venture Highworth Insurance is aiming to achieve £5m to £10m gross written premium within three years, targeting the mid to high net worth and non-standard home insurance market.
Editor's comment: Prioritising prevention
There are occasions when expert commentators would prefer their long-term predictions to never come true.
Post magazine - 17 January 2013
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Smith goes global in new COO role as Watson steps up to Ageas UK CEO
Barry Smith's promotion to the newly created role of group chief operating officer at Ageas will see him tasked with delivering the insurer's 2015 strategic vision on a global level, including its ambitions for emerging markets in Europe and Asia where…
Post magazine - 3/10 January 2013
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Ex-Castle Cover boss Marchington launches new broker
Andrew Marchington, the founder and former managing director of Castle Cover, has launched a broker specialising in the mid to high net worth and non-standard home insurance markets.
Ageas creates new COO role to oversee Asian and European growth
Ageas UK CEO Barry Smith has been promoted to a new Ageas group role of chief operating officer.
Barry Smith steps up to Ageas group role as Watson becomes new UK CEO
Ageas UK CEO Barry Smith has been promoted to a new Ageas group role of chief operating officer.
Insurance industry slams Dispatches allegations
The insurance industry has defended itself against accusations made by Channel 4's Dispatches programme last night that insurers "maximise profit at the expense of doing what's best for the consumer".
General insurance review of the year: It never rains, but it pours
Flooding, and the ongoing struggle to replace the Statement of Principles, has been at the forefront of a range of difficulties faced by the general insurance market in 2012. Will 2013 bring a silver lining?
Ageas acquisition boosts Groupama Insurances rating
Standard & Poor's has raised Ageas' financial strength rating to 'BBB' with a 'stable outlook', having reviewed the insurer's financial and business risk profiles.