Financial / Results – Page 139
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NewsTrade credit insurance vital as insolvencies hit highest level since 2013
ABI assistant director, head of property, commercial and specialist lines Mark Shepherd warns on the importance of trade credit insurance after insolvency rates rose in 2017
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News2018 set to show further growth in ILS market
WTW Securities analysis shows capital growth and improved risk could make 2018 another record-breaking year for the ILS market
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NewsInsurer confidence declines – CBI/PwC
Latest survey shows volumes improving, but confidence low
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NewsCarillion: Second wave of insolvencies will cause “considerable challenges” for underwriters
Carillion collapse has “clearly demonstrated” the value of credit insurance, says chair of Biba’s Trade Risk Focus Group, as he warns of a second wave of insolvencies
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NewsCar insurance price rises "in reverse" as Ogden effect spreads
Car insurance premiums have increased 9.6% in 2017, but the increase was in reverse in Q4
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NewsOne Call has “made financial provisions” for massive FCA fines and restrictions
Doncaster-based broker One Call has expressed “regret” over inadvertently spending clients’ money and said it has made provisions for the fine
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NewsLexis Nexis launches software development kit for access to telematics exchange
Insurance providers will now be able to plug into the telematics platform and build applications
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NewsWatchstone disposals, closures wipe out losses
Former Quindell said the new slimmed down group sees slightly higher revenues from core businesses
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NewsPreservation Capital completes MGA acquisition
Ascent Underwriting announce that Preservation Capital Partners received FCA approval to complete acquisition
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NewsUK insurer in £1m legal battle against Lloyd’s broker
A UK insurer has filed a winding-up petition against a Lloyd’s broker it accuses of negligence after the broker failed to honour a default judgement and pay out almost £1m
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NewsClyde & Co blasts "inconsistent" civil courts as it pilots new arbitration system
The system will be used to arbitrate large loss personal injury claims from a major UK composite insurer and 12 leading claimant firms
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NewsFailure of a top cloud-service provider could cost US economy $15bn
According to a Lloyd’s and AIR Worldwide report, businesses in the US could lose $15bn if a leading cloud service provider was to experience three days of downtime
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NewsLack of trade credit cover exposed in Carillion fallout
The ABI estimates Carillion trade credit insurance payouts at £31m, but that is a fraction of the losses expected.
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NewsAgeas UK profits to zoom up - analyst
Ageas UK to recover strongly but Ogden revision not factored in
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NewsMotor insurance premiums rise again
In 2017, the average motor premium rose 9% to a record high, according to ABI
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NewsQuindell auditor slapped with hefty fine
Quindell’s auditor has been fined after admitting to misconduct
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NewsBiba calls for zero IPT for young drivers with telematics
In its 2018 manifesto, Biba calls for Insurance Premium Tax to be zero-rated for young drivers with telematics
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NewsMotor premiums heading for £900 – Confused.com/WTW
The latest Confused.com, Willis Towers Watson survey shows premiums are still rising year on year, and are likely to rise further
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NewsCo-op Insurance and IBM in heated £130m dispute over cancelled tech upgrade
IBM pulled out of the £55m contract to upgrade Co-op’s systems last year, following huge delays and a mountain of disputes, court documents show
