Insurer News – Page 236
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News
Lucas Fettes to set up MGA and make small acquisitions
Broker’s operating profit fell 45.6% in year to 31 March 2015 but pre-tax profit grew to £4.2m as result of property sale
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Zurich hires regional and national broker head from Ageas
Joel Markham has been appointed to a newly created role
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Tesco Underwriting hires RSA's construction head as chief exec
Steve Kingshott will join Tesco Underwriting on 1 December - replacing Geoff Carter who leaves the business October-end
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AXA unveils new property adjusting panel to meet evolving broker needs
The insurer says new structure will give broker greater flexibility in who handles their clients’ claims
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QBE looks to expand in UK property with new real estate practice
Insurer hires from rivals Allianz and Zurich to grow real estate team
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Agenda
Ageas strikes home and motor partnership with Virgin Money
The deal will see Ageas underwrite all of Virgin Money’s home products
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Cross-sector fraud matching will help tackle application fraud
Testing of Cifas and Hill Dickinson data has revealed links between false motor claims and other fraudulent activity
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Cyber crime to officially become UK's most common offence
The Office for National Statistics (ONS) plans to issue new statistics on Thursday which will include cyber crime for the first time
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Fitch raises Hastings' outlook to 'positive'; Affirms IDR at 'B+'
Outlook revision follows completion of Hastings’ IPO
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Xchanging board backs Capita's £412m offer
But Xchanging has confirmed it is still in talks with rival bidder Apollo
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News
New guidance for judges in whiplash cases will encourage more claims
The Judicial College Guidelines has recommended that damages cost should rise by 5% or more
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News
83% of customers annoyed by phone renewals – survey
Customers complained of difficulty in understanding insurers’ staff, says Consumer Intelligence
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Insurers rail against ‘systemically important’ label – report
Too-big-to-fail insurers will face higher capital requirements
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News
Hastings shares drop 4.7% in first day of trading
Stock will begin full, unconditional trading on Thursday
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US broker tipped as frontrunner to buy Henderson
Insurance Times understands acquisitive American broker with major firepower wants Henderson
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News
HDI-Gerling hires UK finance and operations director
Richard Mangion joins from rival insurer WR Berkley Europe
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News
Government to review barriers financial firms face giving advice
The Financial and Advise Markets Review (FAMR) will also look at the opportunities and challenges presented by new and emerging technologies
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News
Ash Bathia’s new Lloyd’s syndicate starts underwriting
Probitas Syndicate 1492 to write international insurance and reinsurance portfolio
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News
Arista’s Euros Jones to replace Mike Crane as LV= commercial head
Move follows Crane’s appointment as LV= Broker managing director