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Fitch: "immature" Russian insurance sector impacted by weak capital adequcy
Russian insurers' ratings will continue to be constrained by the poor reserving and pricing risks that became apparent in 2009, as well as by the challenges of the current operating environment.
No job cuts at Autofocus
The new owner of Autofocus has pledged that there will be no redundancies after rescuing the business, just days after it went into administration.
Rok suspends finance director
Rok has suspended its finance director after an independent review uncovered serious failings in the financial control of its plumbing, heating and electrical business.
Post Magazine - 12 August 2010
The August 12 edition of Post magazine is now available to subscribers as a digital interactive e-book.
Admiral to move to new 3000 capacity headquarters in Cardiff
The Admiral Group has announced plans to move into a new headquarters in Cardiff city centre.
Admiral to move to new 3000 capacity headquarters in Cardiff
The Admiral Group has announced plans to move into a new headquarters in Cardiff city centre.
Bupa CEO confident of new opportunities as H1 results show revenue up 10%
Bupa this morning reported revenues up 10% to £3.71bn, driven by organic growth of 4% and favourable foreign exchange movements of 6%.
Allianz to target Bric countries after extending 60 year old VW deal
Volkswagen Financial Services and Allianz Global Automotive have today signed a letter of intent, agreeing to strategically expand their 60 year-old successful partnership and to continue it in the long term.
Allianz to target Bric countries after extending 60 year old VW deal
Volkswagen Financial Services and Allianz Global Automotive have today signed a letter of intent, agreeing to strategically expand their 60 year-old successful partnership and to continue it in the long term.
Jackson Review increasing demand for BTE Insurance
First Assist Legal Protection claims the Jackson Review has led to a “surge” in business for 'before the event' insurance cases.
Defaqto calls on insurers to educate beyond price
Defaqto has told motor insurers to educate customers to look beyond price, as underwriting losses continue to increase.
Paymentshield launches product
A new income insurance product aimed at helping customers to control their financial commitments has been launched by Paymentshield.
Groupama boss hails effort in stopping motor 'bleeding'
Groupama chief executive François-Xavier Boisseau has said the insurer has gone some way to stopping the "bleeding" of its private motor account, as it reported its results for the first half of 2010.
RSA CEO 'lonely' on rates
RSA's UK chief executive has admitted he is feeling "lonely" when it comes to commercial rate rises.
Editor's comment - RBSI: happy at home
Following the announcements of staff cuts and the possible withdrawal of NIG from personal lines, Royal Bank of Scotland Insurance showed its hand this week, and it was — to say the least — a little soiled by bodily injury claim losses.
Aviva looks to build on Santander tie-up
Aviva is set to build up its affinity partnerships, starting with the banking sector, by developing more cross-selling opportunities across its general insurance and life businesses.
Axa chief hails 'one-off' CL opportunity
Axa Insurance is preparing to unveil a restructure of its commercial division after revenues in the first six months fell by 18% year-on-year.
RBSI CEO cries injustice as it is hit with 30 PPOs
Royal Bank of Scotland Insurance's decision to strengthen its reserves by £320m in lieu of bodily injury claims has contributed to an operating loss of £253m in the first six months of the year.
Sabre to join Provident on Tesco panel
Sabre is poised to join Provident Insurance on Tesco Bank's specialist motor panel, Post has learnt.
Fitch assigns German Provinzial Nordwest Group A+ rating
Fitch Ratings has assigned German property and casualty insurer Westfaelische Provinzial Versicherung AG and the life insurer Provinzial Nordwest Lebensversicherung AG insurer financial strength ratings of 'A+' with stable outlooks.
Fitch assigns German Provinzial Nordwest Group A+ rating
Fitch Ratings has assigned German property and casualty insurer Westfaelische Provinzial Versicherung AG and the life insurer Provinzial Nordwest Lebensversicherung AG insurer financial strength ratings of 'A+' with stable outlooks.
AIG Q2 2010 results reveal losses
AIG has reported a net loss attributable to AIG of $2.7bn for the second quarter of 2010, compared to $1.8bn in the second quarter of 2009.
View from the top – The right sustainability
Regulatory change, consumer choice and corporate responsibility are all driving business attitudes towards improved environmental performance, with smart sustainability strategies increasingly being seen as ‘sensible’ business practice.
Groupama sees uplift in French private motor in H1 2010
Groupama has recorded premium income Premium income of €8.6bn Euros (up 4.4% on a like-for-like consolidation and exchange rate basis) in the first half of 2010.