Axa
Axa and aggregators make online list
A list of influential online retailers, called 101 Directors Of .COM, has named half a dozen insurance site bosses among a list ranging from supermarkets to sex toy sellers.
Keelan Westall offers to beat quotes
Wholesale property insurance broker Keelan Westall has launched a ‘guarantee to beat’ initiative promising to beat premiums by 10% for commercial property risks over £500 until the end of the year.
Axa blames injury claims for motor reserve top-ups
Axa has denied its need to top-up motor claims reserves for the last five years is because of its acquisition of Swiftcover, blaming instead high claims costs.
Capita looks to double in size by 2013
Outsourcing specialist Capita Consulting has unveiled plans to recruit 30 more consultants to its financial services practice and to double the size of its business in two years.
Ageas makes changes to group executive committee
Ageas has appointed Christophe Boizard as member of the group executive committee and as Chief Financial Officer with effect from 5 September 2011.
Ex-Swiftcover CEO Blowers back with new online start-up
Online insurance broker Qmetric has been granted full Financial Services Authority approval and is said to be a “few weeks” away from adding three major insurers to the panel of its specialist consumer brand Policy Expert.
Crawford-Axa allegations unfounded
Twin-track investigations immediately launched following anonymous accusations of “sharp practices” in Crawford & Company’s handling of Axa claims have discovered the allegations to be unfounded.
Disaster recovery - SME: Dealing with disaster
SMEs would flounder in the face of a disaster, with a large proportion going out of business completely. Edward Murray asks why, therefore, it remains so hard to get them to engage with disaster recovery planning.
Ex-Swiftcover CEO Blowers back with new online start-up - Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories which include online insurance broker Qmetric has been granted full Financial Services Authority approval and is said to be a “few weeks” away from adding three major…
Penny Black’s insurance week
Penny got more information than she bargained for when she visited Axa’s London offices last week to get an update on its commercial lines strategy.
People moves – 18 August 2011
A round-up of people moves and new appointments in the industry, as featured in the 18 August 2011 edition of Post.
Editor's comment: A time of upheaval
Travelers’ decision to pull out of the Irish private motor market last week was an interesting - and apparently unexpected - one.
Bluefin looks to become ‘consolidator of choice’
Bluefin has staked its claim on becoming the consolidator of choice as it sets out to beef up its existing 54 offices in the UK after getting extra backing from its insurer parent.
News analysis - Axa Commercial: A simply complex strategy
With its UK strategy now signed off by the Axa group board, Amy Ellis speaks to Amanda Blanc and Matthew Reed about what commercial brokers can expect from the insurer.
New generation claims group: Networking opportunities
With a brief of developing innovative ways to improve the claims process, the Chartered Insurance Institute’s new generation claims group recently finished its year-long pilot. Ant Gould looks at the results and talks to the key players.
Axa confirmed as business insurer for Reeves furniture store
Axa has also confirmed it is the co-insurer for Party Superstore in Clapham and the sole insurer for fashion store Intense and Funky in Tottenham.
Short selling of insurance stocks banned in four EU countries
France, Spain, Italy and Belgium have imposed bans on short-selling on bank and insurance stocks to stabilize markets.
Axa Commercial targets record £1.2bn GWP by 2015
Outlining Axa’s strategy for the commercial lines business, CEO Amanda Blanc said that it aims to have a combined opertaing ratio of 95% by 2015.
Insurer estimates hit £750m as city riot damage racks up
RSA, Aviva and Axa are likely to incur the biggest losses from commercial property claims with the latest riot bill estimate hitting £750m, as Post went to press.
Insurance no ‘safe haven’ despite stock resilience
Leading analysts have warned insurers that the industry is not a “safe haven” for investors, despite share prices falling less than the stock market average of 5.5% since Friday 5 August.
Aviva rules out target change despite over-achieving
Aviva has pinpointed a much improved private motor result as being pivotal to it posting an above-target combined ratio of 96% (H1 2010: 98%) for its half-year UK general insurance business. But despite emphasising “strong continued momentum” in UK GI…
BIS Countdown - British Gas: A closer bond
British Gas Insurance launched in 2009 with ambitions to become a major player, and fast. Jonathan Swift talks to Chris Stern and Edward Dutton about the challenges and opportunities they have encountered to date.
Insurance Insight Q&A: Martin Garcia, Now Health International
Martin Garcia has spent almost 20 years in the international private medical health market with over 10 years as managing director for Goodhealth Worldwide. As he returns to the market with his new venture as chief executive of Now Health International,…
Axa 100% COR prompts attack on legal fees
Axa UK has claimed its direct personal lines business revenues rose 22% in the first half of 2011, taking total UK & Ireland property & casualty revenues to £2bn, up 4%.