Insurer News – Page 233
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News
RSA incurs large losses of £409m
The insurer said the amount was ’slightly worse’ than it had planned for
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Job change could affect car insurance
USwitch survey finds 60% of drivers could have invalid insurance after failing to register job change
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RSA UK premiums up 2% as group core falls 5%
In UK personal lines premiums were down 4% due to ongoing impact of RSA’s withdrawal from certain businesses
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Lancashire 9 months pre-tax profit falls to $121.5m from $135m
Company announces $188m special dividend payout to shareholders
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IFB consults on expanding membership to third party providers
IFB fraud data sharing could extend beyond insurers to supply chain
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AIG chief: Icahn’s breakup plan makes no sense
Peter Hancock sees ‘tremendous benefit’ in combining life and non-life insurance
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London and Singapore underwriting associations team up
IUA and SRA partnership will help companies with presence in both hubs
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Competition pushes L&G GI premiums down 11%
Insurer expanding its digital strategy with mobile-friendly platform
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Towergate restructures underwriting division
Arista, Fusion and Towergate Commercial Underwriting (TCU) will be brought into one commercial operation from next year
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Online only
04 November 2015 issue
Read a digital version of the 04 November 2015 edition of Insurance Times. Cover story: TalkTalk hack exposes UK cyber vulnerability. Also inside: Private equity and brokers; Apprenticeships Levy: is it bad news?; New D&O rules to be wary of; Insurance industry’s home-grown disruptors; Corporate buyers rate insurers and brokers; ...
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Towergate small business unit head and two directors to depart
SBU unit will no longer operate as separate business but under one management structure in the retail arm
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Ageas quotes £20,000 car renewal for 98-year old war veteran
Company later withdraws quote, saying he should never have been sent a renewal
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DLG 9 months GWP rises 1.3% to £2.40bn
Growth in motor, commercial, rescue partly offset by decline in home insurance
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Concerns over cover for asbestos removal
Brokers likely see increased demand from contractors if removal programme is accelerated
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TalkTalk hackers stole almost 1.2 million names and numbers
Almost 21,000 bank account numbers and 28,000 obscured credit card number were also accessed
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Allianz becomes latest early adopter of Insurance Act
Insurer has made changes to its mid-corporate and engineering policies
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GRP-owned MGA Plum hires four and opens new office
Household underwriting agency looks to Chubb, Lark, Prestige and Towergate for new recruits
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ABI: Home buyers should get more flood risk info up-front
Estate agents should give buyers traffic light indicators, association says