Insurer News – Page 156
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NewsManchester Underwriting boost solicitors' PI with acquisition
Solicitors’ professional indemnity specialist Pelican has been sold by Asta.
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NewsAdmiral 'back in the groove' after record year
Admiral posted record profits for 2017 after a decline in profitability the previous year
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NewsNicola Sturgeon declares ambitions to work with the insurance sector on Brexit
Addressing delegates at the ABI’s annual conference, Nicola Sturgeon said she wants to work with the financial services sector, “in particular” the insurance sector.
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Online onlyDiscount rate cut anniversary: A social media storm
When the discount rate was cut to -0.75% a year ago, the industry took to social media to vent its frustrations. Insurance Times looks back at the industry reaction.
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NewsSenior UKGI figures reflect on the discount rate cut one year on
Senior figures in UKGI reflect on the controversial discount rate cut decision on its anniversary
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NewsQBE to seek “opportunities” in post-Ogden motor market
Pryce confirms QBE’s internal Ogden rate assumption is set to 0.25%
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NewsMonarch airline ticket agents reassured over claims amid crisis at CBL insurance
Affirma Insurance says airline agents will still have their claims settled despite CBL Corp’s troubles
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NewsMGAA appoints new board director and announces growth ambitions
The MGAA has appointed a new board director, following a vote and confirmation
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NewsInsurers could face £1bn legal claims over “ethnic penalty” – Equality and Human Rights Commission ex-chair
Trevor Phillips and campaigners call on insurers for more “transparency” and “change” in the way their computers calculate premiums for ethnic minorities
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NewsUK insurer cuts into gig economy with Slice partnership
US-based Slice Labs, which specialises in on-demand insurance, is partnering with a Top 50 UK insurer
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NewsDLG profit and results “ahead of market expectations”
Direct Line Group has published its headline results early, revealing a combined operating ratio drop of 5.7%
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NewsGeo, formerly Towergate, and DAS launch home product for private clients
DAS UK partners with Geo Underwriting, the newly rebranded Towergate, to launch HNW home insurance product
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NewsAllianz eyes up XL Group – reports
Reports suggest that Allianz is considering the purchase of XL Group
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NewsConsolidator GRP acquires Bromley-based broker/MGA
Broker and MGA Camberford Law is snapped up by consolidator that shows no signs of stopping
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NewsTowergate's re-branded Geo Underwiting begins trading
Several of Towergate Underwriting’s lines will be traded under the re-named Geo brand from today, with more to follow
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NewsHiscox hires Iraq veteran and security specialist to beef up incident response team
New Hiscox hires have worked in a range of security areas, including counter-terrorism, bomb disposal, kidnap for ransom, piracy and threat extortion
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NewsAllianz builds on travel insurance portfolio with P&O online tie up
Working with Hood Group, Allianz will now offer P&O customers online travel insurance through the ferry company’s website
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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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NewsCo-op aims to disrupt travel market with “cashless” medical expenses
Insurer Co-op will look to target customers of “all ages” with its new travel product
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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
