Insurer News – Page 245
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NewsDigital innovation will play big role in combined AXA unit
Amanda Blanc says her first priority in new role will be staff and has reiterated her commitment to brokers
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NewsCovéa and Sterling move to single site in Manchester
Insurer is hiring to strengthen underwriting team in the area
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NewsAXA unveils new structure ahead of business revamp
Amanda Blanc said splitting business into four units enabled AXA to focus distribution on distinct customer segments
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NewsInsurers ‘committed’ to personal lines motor broking despite RSA woes
LV= and Allianz say doors still open for motor broking business
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NewsERS makes first-half loss as investment returns plummet
But insurer expects profit in full 2015 year as transformation costs unwind
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NewsCullum consolidator gives backing to first regional retail broker MBO
Abbey Bond Lovis management team will continue to lead the business and are co–investors
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NewsZurich risks downgrade with RSA acquisition - Fitch
But ratings agency said RSA would give Zurich access to attractive markets where it does not yet have a presence
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NewsTorrential rainfall expected over next 48 hours
Met office says weather has potential to cause sudden surface water flooding
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NewsInsurers uncovered 212,000 dishonest motor applications in 2014
Common lies exposed include forgetting to disclose previous claims or unspent convictions when asked
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NewsTwo fraudsters in £167,000 scam jailed for four and a half years
Israr Hussain and Shazad Shad (above) created policies for people who did not exist and made 300 fake PI claims
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NewsBrokers question timing of RSA's withdrawal from brokered personal motor
Firms say RSA risks losing confidence of brokers for “knee jerk” reaction to difficult motor market
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NewsCFC hires RSA head of professional and financial risks
Patrick Brice joins the MGA in the newly created role of business development director
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NewsEsure’s shares fall 9.6% after profit drop
Insurer’s results were hit by rising bodily injury claims
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NewsSteve Lewis could ease a Zurich/RSA tie-up – analysts
Lewis has knowledge of both businesses and could reduce transaction’s execution risk, Barclays said
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NewsBerkshire cuts reliance on insurance with £24bn deal
Warren Buffett’s conglomerate buys manufacturing company Precision Castparts
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NewsNexus buys £21m MGA EBA Insurance Services
Acquisition bolsters underwriting agency’s presence in Europe
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NewsAnalysis: MedCo-type scheme needed to counter hearing loss claims
Despite improved regulation in industry to create a safer industrial working environment, insurers are facing a rising tide of claims for noise induced hearing loss. What is the solution?
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NewsPRA to publish rules on holding top insurance execs to account
Rules will make it easier for regulators to hold individuals to account for any misconduct or failure
