Allianz
Allianz agrees deal for Turkish insurer Yapi Kredi Sigorta
Allianz has reached an agreement to acquire a 93.9% stake in Turkish property and casualty insurer Yapı Kredi Sigorta for €684m.
AM Best withdraws ratings of Allianz France and subsidiaries
AM Best has affirmed the financial strength rating of A+ (Superior) and issuer credit rating of "AA-" of Allianz IARD and Allianz Vie, the main subsidiaries of Allianz France SA, and the ICR of "A-" for Allianz France SA.
Allianz recruits property underwriter manager from AIG
Allianz Commercial has appointed Anneke Sims to the position of manager, property underwriter.
Claims: Front of house?
Representing the main touchpoint between insurers and customers, claims departments are of vital importance but have traditionally struggled to attract top-level staff. Is this now changing?
Broker networks called into question after Aviva ends Willis relationship
Willis Networks’ remaining insurer partners have pledged support for the business despite broker concerns that insurers will exit network relationships as part of their pursuit of profitable commercial lines business, after it was confirmed it will sever…
AGCS grows Africa team
Allianz Global Corporate & Specialty has made several new hires as it looks to expand throughout the African continent.
Allianz forecasts stable operating profit in 2013
Allianz chief executive Michael Diekmann said today the firm expects operating profit in the region of €9.2bn in 2013.
Your say: More metal theft debate is needed
I’m pleased to see MP Richard Ottaway’s private members bill, the Scrap Metal Dealers Act, receive Royal Assent. Its aim is to regulate the industry, crack down on cash payments and eliminate rogue traders.
Improving Underwriting: Driving Profits
Can a more sophisticated approach to underwriting help motor insurers finally turn a profit?
Judical review rejection paves the way for Jackson reforms
The High Court’s rejection of a judicial review into the road traffic accident personal injury fees scheme has cleared the road for the implementation of the remaining civil justice reforms, unless an appeal is lodged.
Allianz revives retail apprenticeship scheme for third year
Allianz has re-opened its school leaver programme for the third consecutive year.
Allianz lands Barclays commercial deal
Barclays has selected Allianz as the provider of commercial SME products for its UK customers.
RSA beats peers to eighth place in Sunday Times best employer list
RSA has become the highest ranking insurer in the Sunday Times Top 25 Big Companies to Work For in 2013, coming eighth overall, compared to sixth in 2012.
Allianz Worldwide Care posts 27% GWP growth
International health insurer Allianz Worldwide Care posted a 27% increase in gross written premiums for the 2012 financial year.
South east Asia spurs Allianz profit growth
Allianz's 2012 Asia Pacific results saw an 80% profit growth and 9% increase in premiums spurred by south east Asia.
Rate hikes the only answer to CL market’s poor results
The dismal state of the UK commercial lines market can only be remedied by insurers inputting rate rises in 2013 and resisting their natural urge to compete on price, the heads of major firms have said.
Claims Club: Firm leaders face battle to regain confidence of their staff
Insurance firms must tackle a decline in trust among customer-facing staff in senior management if they are to reap the rewards of consumer satisfaction.
Torrance praises Allianz "discipline" in commercial lines
Allianz has attributed its success in commercial lines to a “disciplined approach” in risk assessment and pricing.
Allianz UK profit slides 4.3% to £161.5m
Allianz reported a 4.3% fall in operating profit to £161.5m in 2012 (2011: £168.7m). The insurer's combined ratio also deteriorated to 96.3% from 95.7% in 2011.
CIS calls for Competition Commission action on subrogated claims model
Co-operative Insurance Services has criticised the subrogated claims model used by RSA, despite having had a bilateral agreement with the insurer in place since last July
Scottish Independence: Scot free?
With a referendum on Scottish independence due next year, will an independent Scotland cause problems for the insurance sector, or is it business as usual?
Insurance Census: Race: Background check
In the final part of Post's Insurance Census on diversity in the industry, the focus is on race. To what extent does the sector offer equal opportunities to ethnic minorities - and how much has the situation improved in recent years?
Co-op criticises subrogated model
Co-operative Insurance Services has criticised the subrogated claims model used by RSA, despite having a bilateral agreement with the insurer in place since last July (www.postonline.co.uk/2188179).
Flood-ravaged 2012 leaves insurers picking up £1.19bn bill
The Association of British Insurers has heaped praise on firms for their part in helping more than 1300 UK customers a day deal with the disruption caused by the second wettest year on record.