Broker News – Page 183
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People & OpinionMarsh in talks with £176m Jelf on possible bid
Jelf will listen to offers at 210p, according to sources
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Online onlyProfessional indemnity and D&O sector to hit £1.5bn GWP by 2019
Growth driven by directors’ rising public exposure through social media and increasing regulatory activity
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NewsTowergate makes raft of hires into new City of London team
Towergate is restructuring regional management areas and has moved London Market arm into broking division TIB
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Online onlyBluefin hires former Marsh regional manager
Richard Lloyd is Bluefin’s fourth regional management appointment this year
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NewsEx-RSA boss claims insurer 'will be put out of misery' with Zurich bid
Richard Gamble an RSA shareholder said the insurer had “disintegrated” over the past 17 years
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NewsMotor policyholders hit with 'eye-watering' admin fees – Which?
Survey by consumer group found fees charged by car insurance providers varied widely
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NewsZurich wins right to appeal against £135,000 dishonest settlement case
Zurich settled because the insurer feared claimant’s testimony about injuries would be believed in court
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News373 ‘high risk’ Lloyd's wordings triggers widescale review – LMA
The review by LMA was carried out ahead of the Insurance Act coming into force in August 2016
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NewsInsurance industry invited to start testing Flood Re
On-boarding process ensures that industry participants have information and access required to go live
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NewsAllianz makes internal appointment for broker partnerships role
Stacey Keen will be responsible for leading the volume segment of the broker distribution business
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NewsDigital innovation will play big role in combined AXA unit
Amanda Blanc says her first priority in new role will be staff and has reiterated her commitment to brokers
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NewsAXA unveils new structure ahead of business revamp
Amanda Blanc said splitting business into four units enabled AXA to focus distribution on distinct customer segments
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NewsInsurers ‘committed’ to personal lines motor broking despite RSA woes
LV= and Allianz say doors still open for motor broking business
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NewsCullum consolidator gives backing to first regional retail broker MBO
Abbey Bond Lovis management team will continue to lead the business and are co–investors
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NewsZurich risks downgrade with RSA acquisition - Fitch
But ratings agency said RSA would give Zurich access to attractive markets where it does not yet have a presence
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NewsTorrential rainfall expected over next 48 hours
Met office says weather has potential to cause sudden surface water flooding
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NewsInsurers uncovered 212,000 dishonest motor applications in 2014
Common lies exposed include forgetting to disclose previous claims or unspent convictions when asked
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NewsTwo fraudsters in £167,000 scam jailed for four and a half years
Israr Hussain and Shazad Shad (above) created policies for people who did not exist and made 300 fake PI claims
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NewsBrokers question timing of RSA's withdrawal from brokered personal motor
Firms say RSA risks losing confidence of brokers for “knee jerk” reaction to difficult motor market
