Zurich risks downgrade with RSA acquisition – Fitch
Zurich Group’s insurer financial strength (IFS) rating of AA-/Stable will be put under pressure if it issues debt to help…
Category: Companies
No Kwik Fix from sales tactics that catch out a ‘retired demographic’
Last August my 90-year-old mother-in-law was cold-called by a company- called Kwik Fix and persuaded- to take out a £199…
Zurich hires new broker market lead for Scotland
Zurich has promoted David Brown to head of broker market for Scotland. Brown joined Zurich from NFU Mutual in February…
Direct Line beats 2013 COR target thanks to reserve releases
Direct Line Group has beaten its 2013 combined operating ratio (COR) target of 98%, reporting a 96.1% COR for the…
Digital transformation is key to profitability – report
Digital channels, especially mobile, are the greatest tools for insurers to increase profits and retain customers, according to The World…
Swinton launches £7.5m television ad campaign
Decision marks return to TV after seven-year absence. Swinton Insurance has confirmed the launch of a new £7.5m television advertising…
Direct Line enjoys 70% post-tax profit surge for 2013
Insurer sees 2013 profit jump to £312.8m from the £184.3m recorded for 2012. Direct Line Group (DLG) has reported a…
AIG adds to private client group management
AIG’s UK operation aiming to add greater depth and breadth to HNW offering. AIG has appointed Patrick Cloughley as senior…
Prettejohn leaves Brit following FCA appointment
Departure ends two-year stint on Brit’s board Nick Prettejohn is stepping down as a non-executive director of Lloyd’s insurer Brit…
Direct Line Group to cut 2,000 more jobs
Insurer seeking to more than double its original £100m cost-saving target Direct Line Group plans to make another 2,000 jobs…