Insurer News – Page 248
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NewsAmanda Blanc to run AXA’s entire UK GI business
Chief executive to assume responsibility for direct personal lines
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NewsOval/Giles integration costs Gallagher £16m in H1
Consolidation of UK offices, technology costs, onboarding of over 3,700 employees are included in costs
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NewsIronshore under negative review by AM Best after Fosun deal
Ratings agency review reflects concerns over Chinese company’s credit profile
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NewsRSA reportedly holding out for 600 pence offer from Zurich
Such an offer would represent a 31% premium to RSA’s pre-announcement share price
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NewsBroker boss triumphs in £2m high court battle with Capita
Appeal Court overturned previous ruling that Capita could recover compensation bill from ex-Sureterm Direct boss
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NewsZurich UK personal lines MD Tim Holliday to depart
Zurich customer operations director David Nichols will replace Holliday on an interim basis
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NewsMoneysupermarket insurance half-year revenues rise 8%
Group-wide profit after tax grew 44% to £30.2m compared with £21m in 2014
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NewsQuindell unit buyer ends contract with Swinton
The Professional Services arm bought by Slater and Gordon has been providing services to Swinton since December 2012
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NewsABI tracker reports rise in motor insurance in Q2
Claims portal shows whiplash claims 12% higher in year to April 2015 over 12 months before
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NewsUp to 200 jobs secured by Liberty Insurance in Northern Ireland
Last month Liberty Insurance announced it was making 270 redundancies across Ireland
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NewsRSA completes sale of India joint venture stake
Insurer sold 26% holding to Sundaram Finance for £46m
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NewsNew MGA Pelican enters UK solicitors’ PI market with Munich Re
Munich Re division Great Lakes to provide capacity to newly formed underwriting agency
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NewsTwo senior staff leave Gallagher e-trading unit for new roles
Mitsui and Modus Underwriting are the beneficiaries of the departures
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NewsZurich’s RSA bid – strategic logic questionable, says analyst
Canaccord cites exposure to cyclical UK market and pension liabilities
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NewsLancashire first-half profit falls 10% as specialty ‘indiscipline’ continues
There is evidence that premium decline is slowing
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NewsAny RSA offer will be in cash, says Zurich
Swiss insurer has yet to make a firm offer for its UK-based rival
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Zurich/RSA deal should focus on strengthening specialty offerings
But brokers warn that consolidation based on commoditisation of business would be negative
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NewsFraudster sentenced for faking burglary to make bogus claim to DLG
Brikenjeet Singh tried to con insurer out of £57,000
