Insurer News – Page 240
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NewsBrightside chief executive Andy Wallin departs
Executive chairman Mark Cliff will assume day to day responsibility of Brightside
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Online onlyAXA acquire underwriting provider Global Insurance Management
The deal is the latest step in a long partnership between the two firms
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NewsUK liability reserves boost European run-off market
Non-life European legacy insurance market is estimated to be worth €247bn (£181bn)
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NewsPremiership clubs buy more cover amid injuries and higher wages
The insurance will enable Premier League clubs to claim back salary when players are injured
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NewsJLT Specialty chief executive John Lloyd to step down
JLT head of construction and real estate Paul Knowles to replace Lloyd
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NewsUS hedge fund increases stake in Quindell
Beach Point Capital Management now has a 5% stake in the troubled insurance outsourcer
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NewsDisruptors could enter cyber market if insurers do not innovate - PwC
PwC says overly onerous terms and conditions could also invite regulatory action or litigation against insurers
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NewsEx-QBE Re underwriters to lead cat bond investor's London office
Bermuda based insurance-linked securities firm ILS Capital will focus on specialty reinsurance
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NewsTowergate owner takes majority stake in Price Forbes
Backing from Highbridge will accelerate Price Forbes growth plans
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NewsParliament to debate Flood Re legislation next week
More than 20 industry participants now registered with flood scheme
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NewsERS hires broker development head from RGA Underwriting
Overseeing a team of five Baljit Sodhi will be responsible for sales and broker relationships.
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NewsFCA bans broker for misappropriating premiums
More money than broker Savesure was entitled to receive as commission was used to fund business expenses
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NewsRKH call centre closes as Howden focuses on core markets
As a result of closure four months after launch Simon Trott has left the broker
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NewsFormer Towergate unit Folgate reopens doors for business
Former Arista chief Charles Earle joins insurer’s board
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NewsGable seeks to raise capital to meet Solvency II requirements
Insurer looking at reinsurance and debt to make up additional funds required for new capital regime
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NewsGable makes £2.4m first-half loss as it continues to close reserve gap
Unrated insurer adds another £3.8m to close gap between reserves and actuaries’ estimates
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NewsPaul Evans: Insurers’ data use will shape industry’s future
Big Data sounds like Big Brother’, so customer trust is key, says ABI chairman
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NewsAgeas Insurance takes new finance director from Canopius
Stuart Logue will replace Helen Pickford who leaves Ageas at the end of September
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NewsQuindell buys remaining stake in Canadian rehab firm
PT Healthcare owns just under 100 clinics plus an additional 150 treatment sites.
