Broker News – Page 186
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NewsSignposting agreement for older policyholders renewed
Since launch of agreement in 2012 around 200,000 older motorists and holiday makers have been signposted
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NewsBroker fee for running FSCS to increase by 44%
But for insurers the amount could go down by 23.6%
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NewsReview questions FCA independence from government
Recent government interventions and intense public scrutiny have also negatively impacted FCA culture and morale
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NewsJelf network Purple takes Manchester broker from Willis N2
Wilsons Insurance Group becomes Purple’s 100th member
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NewsBiba flood cover solution for SMEs to involve large brokers
The alternative proposition the trade body is working on will not require a levy on insurers
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NewsWillis Towers Watson's Rowan Douglas awarded CBE
Award cited for promoting role of re/insurane in major social, economic issues
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NewsMarkham strengthens team with three new hires
Private client broker recruits two more account executives and strengthens its finance department
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NewsHow insurers are battling to help flood hit customers
AXA says more collaboration needed between government and industry to look at how properties can be made more resilient to floods
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NewsCar premiums see biggest rise for four years in fourth quarter
Confused.com survey blames rise in Insurance Premium Tax and higher repair costs
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NewsRomero profits up 68.3%
Broker’s group commission and fee income also increased by 21.3% to £9.3m
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NewsHyperion could make loss for next two years on RKH costs
But chief executive David Howden says statutory accounts do not paint true picture of performance
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NewsFraudster sentenced for trying to con LV= out of £60,000
During investigation officers discovered that eight of 11 invoices Kaustubh Ghosh submitted had been fraudulently made up
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NewsAcquisition and finance costs push Hyperion to £81.4m loss
But underlying profit rose 31% to £56.7m in year to 30 September 2015
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NewsGallagher names Coldman as UK unit non-exec director
Industry veteran already on board of parent group
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NewsGuy Carpenter sets up advisory council as it plots growth in EMEA
Council is composed of senior figures from Guy Carpenter and wider reinsurance industry
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NewsSmall minority of shareholders back AIG’s present strategy - poll
The poll of more than 100 investors points to dissatisfaction with AIG management and some sympathy for activists
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NewsSaga review of motor underwriting options is 'positive'
Analysts say the move could lead to reduced capital consumption
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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
