Commercial Lines – Page 95
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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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NewsInnovation Broking hires two directors and opens London office
Start-up broker looks to Stackhouse Poland and Gallagher for new directors
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NewsRSA expands marine management team with appointments
Insurer says hires will help it to meet the challenges and opportunities in marine insurance market
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NewsAllianz to launch mid-corporate print, publishing product
Offering will target companies with a premium of between £5,000 and £100,000
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NewsInvestment in acquisitions drives fall in Cobra pre-tax profits
But surplus funds from disposals have produced profits of £800,000 in current year and enabled Cobra to reduce bank debt
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NewsWholesale, multinational to be significant business sources - Aviva
But Aviva’s chief distribution officer stressed that chasing premiums would not be part of the insurer’s growth strategy
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NewsBesso secures funding from Clydesdale Bank
Finance will pay off BP Marsh loans and fund future growth
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News25% of London Market to rely on investments for profit in 2016
PriceWaterhouseCoopers sees average London Market COR of 98%, or 95% with investment returns
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NewsLloyd's Tom Bolt to depart in 2016
As director of performance management Bolt is responsible for the commercial performance of Lloyd’s
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NewsRisk managers, underwriters reach deal on late payment law
New law allowing policyholders damages for late payment to include a one-year cut-off
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NewsHiscox appoints Red24 to advise product liability clients
Deal provides technical, regulatory and public relations support
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NewsXchanging to provide software for Aon London Market operations
Deal follows 20 smaller contracts
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NewsLondon Market Group to survey insurance skills gaps
Survey to identify talents needed in future insurance market
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NewsAXA pens five-year deal with Towergate-owned BiBU
The contract which comes into force in January 2016 was previously held by RSA
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NewsAllianz offers higher limits to brokers in excess liability cover revamp
The insurer has also extended its list of approved primary insurers
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NewsCNA Hardy plots regional expansion with fifth branch
The insurer makes a raft of appointments to support the expansion plans
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NewsLondon Market underprepared for TalkTalk-style hacking
Only one-third of London Market insurers believe their firms can withstand major cyber-attack – Xchanging survey
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NewsFSCS steps in to rescue Berliner policyholders
General liability and professional indemnity insurance policyholders could be eligible for FSCS protection
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NewsNew chief executive for Lloyd’s insurer Talbot
Peter Bilsby to take over as current chief Rupert Atkin moves to chairman role
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NewsGallagher MGA Pen chasing Liberty business after motor exit
The MGA wants to speak to brokers looking to move their motor book from LSM
