Insurer News – Page 169
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Direct Line Group grows motor but shrinks home in Q1
Overall gross written premium rises at Direct Line Group
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PIB senior hire from Gallagher to strengthen insurer relationships
Jon Stanley has also been appointed as group risk officer in another PIB senior hire
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Insurers nail abusive and fraudulent DJ who bullied their staff
Fraudulent DJ Norman Blakey has been jailed for fraud after IFED’s cross-industry checks uncovered his activities
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LV= pays tribute to exec killed in burglary
LV= pays tribute to exec Guy Hedger who died from his injuries after the break-in on Sunday
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Hastings grows GWP and market share amid Ogden turmoil
Insurer says data driven pricing will help it capitalise on Ogden turmoil
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Former BGL-owned law firm eyes brokers and insurers
Premium content: Former BGL-owned law firm Minster Law has been undergoing digital transformation to improve service
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Motor premiums remain at record levels
ABI says rising motor premiums show no signs of falling as a result of continuing market pressures
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ABI welcomes government decision to shelve whiplash reforms
Government has decided to shelve whiplash reforms after it dropped the Prisons and courts Bill which contains the changes
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Gibraltar regulator hires inspectors for Enterprise probe
GFSC also sets up special Enterprise probe committee
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AIG unveils large Ogden rate hit
Ogden rate hit to affect troubled insurer’s first quarter results
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R&Q triples its profit and plots further non-core asset sales
Chief executive highlights ‘exciting growth potential’ as R&Q triples its profit
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Arron Banks to stand as MP
UKIP donor and Eldon Insurance owner Arron Banks is planning to take on Douglas Carswell who left the party last month
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PPI pushes up FSCS broker charge
The setting of the 2019 PPI claims deadline has boosted FSCS broker charge
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Huge Ogden rate hit pushes LV= GI unit to loss
Insurer’s GI unit would have made bigger profit without ‘extremely disappointing’ Ogden rate hit
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Ogden and IPT could push motor rates past 2011 peak
Motor rates jump in first quarter of 2017, Willis/Confused index shows
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London ghost broker sentenced for LV= fraud
Suspended prison sentence and 120 hours’ unpaid work for ghost broker
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Large-scale crash for cash gang receives long jail sentence
The large-scale crash for cash gang was involved in fraud potentially worth more than £500,000
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Admiral axes van panel to go direct
Admiral axes van panel to underwrite policies directly rather than through its broker business
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Flood Re changed the market in its first year - chairman
Flood-hit customers now have far more choice, says Flood Re on its first anniversary