RSA Insurance Group Plc reported a 16 percent drop in net written premiums in the first nine months of this year as the insurer withdrew from less profitable business. The company, which was hit with an accounting scandal in Ireland, …
Direct Line Insurance Group plc Chief Executive Officer Paul Geddes said the company had started to see prices stabilize in the U.K.’s competitive motor insurance market. Prices for its auto business were unchanged in the three months to Sept. 30, …
Aviva plc, the U.K.’s second-biggest insurer by market value, reported a 15 percent rise in new business in the first nine months of the year, driven by its European and Asian operations. The value of new business, a measure of …
RSA Insurance Group Plc agreed to sell its Italian business to ITAS Mutua, the country’s oldest customer-owned insurer. RSA will transfer 434 million pounds ($698 million) of liabilities to ITAS and receive a payment of 19 million pounds, the London-based …
Insurers flush with capital are rushing to grab part of an expanding cyber coverage market that’s been spurred on by high-profile hackings at JPMorgan Chase & Co. and Home Depot Inc. Sales are set to double this year from about …
Lloyd’s of London Chief Executive Officer Inga Beale expects the market for cyber insurance to surge after hackers attacked some of the largest companies in the U.S., including JPMorgan Chase & Co. and Home Depot Inc. Beale, who took over …
Zurich Insurance Group AG, Switzerland’s biggest insurer, named group controller Vibhu Sharma to head of general insurance operations for the U.K. Sharma, 48, will start in April, Louise Zucchi, company spokeswoman, said in an e-mailed statement today. He will replace …
U.K. regulators banned car insurers from making agreements with price comparison websites, saying it limits competition and increases premiums. The agreements stop insurers from making their products available more cheaply on other online platforms, the Competition and Markets Authority said …
Aviva Plc, the U.K.’s second- largest insurer by market value, named Adrian Montague as non- executive chairman, replacing John McFarlane, who is taking up the same job at Barclays Plc. Montague, 66, who joined the board of Aviva in 2013, …
The UK’s RSA Insurance Group Plc swung to a profit in the first half and plans to resume shareholder payouts in the full year as CEO Stephen Hester continues to turn around the insurer. Pretax profit was £69 million ($116 …
