Broker News – Page 166
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News41% of motor and home insurance customers suffered delays in claims
However the research by Consumer Intelligence found that 84% of customers said their claims were handled fairly.
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NewsMotor broker Right Choice buys ERS breakdown units
ERS will continue to underwrite units’ breakdown products under a long-term agreement
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NewsInsurance industry has yet to 'crack' cyber offering – Aviva’s Bayles
Phil Bayles says risk of cyber-attack is a clear and present danger to all companies, shapes and sizes
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NewsBrokers praise outgoing Tulloch for role in revamping Aviva
Despite departure brokers are confident that Tulloch will have oversight of Aviva’s UK GI business in global role
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NewsPrincipal buys Simply Insurance bike book
Simply book will add 500 more bike policies to 5,000 secured through Principal’s recent purchase of iGO4’s BikeTeam
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News‘Bomb scare’ at Munich Re underwriting agency linked to insurance claim
A man has ben arrested by armed police after a four-hour siege at marine underwriting agent Groves, John & Westrup
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NewsAXA makes 33 redundant in UK as 35 finance roles move to India
The move was made following a review of AXA’s back office finance operations
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NewsAston Scott makes first acquisition of 2016
Essex-based First Commercial Insurance Brokers specialises in renovation projects, commercial and private client insurance
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NewsHigh Court approves Sterling integration into Covéa
With written premiums approaching £600 million, the combined business employs almost 1,400 people
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NewsHenderson opens Harrogate office
Family run broker says acquisitions will boost annual revenues to about £35m
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NewsLaw firm Parabis pays £7m to insurers to settle ABS debts
DLG will also become sole owner of its ABS while RSA will enter into joint venture with Carpenters
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NewsUK storms will significantly weaken 2015 household insurer earnings – Fitch
Ratings agency also warns that failure to keep up flood defence spending could lead to higher-than-expected claims for the UK’s Flood Re scheme
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NewsFSCS refunds premiums owed to 2,600 customers of failed insurer ERIC
FSCS says it is working with ERIC to determine the payment details of the remaining policyholders
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NewsMan found guilty in £120,000 ‘crash for cash’ con
Rajesh Kurmi is part of a gang of eight due to be sentenced in March
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NewsPrincipal buys iGO4's motorcycle book
The sale will leave iGO4 to concentrate on its core businesses; private motor, van and home insurance
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NewsRDG plots major entry into non-standard market with MGA acquisition
Purchase of £30m GWP Midas will also enable RDG to expand insurer relationships
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NewsSwinton commercial director departs
Gerald McLarnon’s replacement will be announced ‘in due course’.
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NewsPIB hires former Towergate M&A head Ryan Brown
Brown joins new broker as chief financial officer to help with acquisitions
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NewsAston Scott becomes chartered insurance broker
Chief executive Heidi Carslaw ‘very proud’ of new status
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NewsInnovation Broking hires two directors and opens London office
Start-up broker looks to Stackhouse Poland and Gallagher for new directors
