Insurer News – Page 158
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News
Trade credit cover reduced for New Look suppliers
Euler Hermes pulls credit cover for New Look Suppliers, while QBE reduces its level of cover
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Would-be R&Q CEO to step down amid "further disposals"
Randall & Quilter’s group chief financial officer has resigned as a director and will leave the company in June. He was meant to become R&Q’s chief executive later this year.
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Five companies waive excesses on claims from New Year fire
Markerstudy, LV=, Ageas, NFU Mutual and Tesco have all waived excess on claims from the fire in Liverpool on New Year’s Eve
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Public sector quadruples terrorism insurance purchases
Public sector purchases of terrorism policies rose by 331% in 2017, according to the latest research
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MSL partners with Routen Chaplin to provide classic car cover
MSL, which is part of the Drive Further collective, sign deal with Routen Chaplin to provide cover for members of the Vintage Sports Car Club (VSCC)
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EasyJet's travel insurance now exclusively underwritten by Zurich
Zurich will provide the product and pricing via the white-labelled site to EasyJet customers
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Motor settlement rates reduced by 10%
Jackson Lee finds settlement rates on motor policies with GAP insurance have reduced on average 5-10%, as some insurers are now favouring CAP’s valuation guide over Glass’s or Parker’s
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Arc Legal launches ‘mass market’ household cyber cover
The policy is designed to provide immediate assistance for individuals and families in the event of a cyber-attack on their personal electronic devices
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Royal London to provide Over 50s cover for Clydesdale and Yorkshire Banks
Customers will be able to purchase Royal London’s Over 50s life cover from a Clydesdale or Yorkshire Bank branch, or online
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Admiral launches its own travel insurance policy
The administration and underwriting of the policies will no longer be provided by a third party
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Allianz opens new "flagship" commercial office in Southampton
Allianz opens new “flagship” Southampton commercial office
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Volante to launch new multi-class international MGA
Volante Global Limited, a new multi-class and multi-territory international managing general agent (MGA) platform, will launch and commence trading during Q1 2018
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Non-standard property MGA joins Acturis e-trade platform
MGA U-sure becomes “first” non-standard property provider to be added to Acturis’ e-trading platform
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Online only
New Birmingham MGA reveals LV= poach
New MGA Mercia Underwriting reveals LV= poach and a hire from NIG
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Fidelis takes stake in SME surety MGA
Fidelis takes an equity stake in new SME surety MGA Firestone Surety
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Outlook is stable for global P&C in 2018 – Moody’s
Moody’s latest report on P&C says the outlook is stable for 2018
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2018 predictions: Motor insurance “firmly back in the black" - EY
EY UK general insurance leader Tony Sault predicts a bit of welcome relief for the motor insurance industry in 2018. However, things are not looking up for the home insurance market.
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Canopius signs up for Flood Re
Canopius becomes the latest insurer to take part in the Flood Re scheme
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LV= Broker head of trading leaves to start own MGA
Mercia Underwriting will open in January and the ex-LV= Broker head of trading (north) aims to poach LV= staff for his team
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Towergate launches third Geo Specialty London markets team
Towergate Underwriting today launches the third London markets team in its Geo Specialty business in four months