Insurer News – Page 249
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NewsBroker: 2015 year in review
Big M&A deals, proposed government action against soft tissue injuries and cyber are among the big topics for broker bosses as they review the year and look forward to the big issues in 2016
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NewsABI sets out insurer commitments ahead of possible floods over Christmas
The Met Office has warned of heavy rain in the north of England over Christmas Day and Boxing Day and the prospect of more flooding
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NewsMinisters considering cap on compensation fees under CMC review
CMC review is due to be completed by early 2016
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NewsLost false teeth and nun claiming for habit among DLG’s strangest claims
The insurer has revealed the most unusual claims it has dealt with and the strangest items it has been asked to insure
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NewsRFIB Group broking director Stephen Hirst to retire
Hirst joined RFIB in August 2005 as a board director and managing director of the marine division
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NewsManchester police warn motorists of 'insurance scam' near mall
Shoppers near Stretford Mall returning to their cars have found notes claiming another car had hit them and for them to call a number
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NewsTEn network to roll out established broker model from January
TEn aims to initially add at least 10 brokers to the network from 2016.
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NewsLoss of Elite motor account pushes NCI profits down 93%
Following a strategy review the group has been rebalancing its revenue and profit generation more equally in its three main business units
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NewsAllianz to launch mid-corporate print, publishing product
Offering will target companies with a premium of between £5,000 and £100,000
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NewsInvestment in acquisitions drives fall in Cobra pre-tax profits
But surplus funds from disposals have produced profits of £800,000 in current year and enabled Cobra to reduce bank debt
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NewsWholesale, multinational to be significant business sources - Aviva
But Aviva’s chief distribution officer stressed that chasing premiums would not be part of the insurer’s growth strategy
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NewsGable enters funding arrangement to meet Solvency II requirements
As a result the insurer says this will reduce its reported profits for 2015 by around £2m
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NewsL&G to underwrite pet insurance from 2016
L&G says offering adds to broad and competitive general insurance product range
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NewsFCA fines broker for misusing client premiums
Vroni O’Brien used inaccurate client money calculations for broker Joint Aviation when she did not understand the rules
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Online onlyFlood bill rises to £520m and now Wales faces washout
Flood cost set to erode UK combined operating home ratios by double digit figures
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Online onlyDirect Commercial takes Liberty motor renewal rights
Direct Commercial will take on the renewal rights from January 1 onwards
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AgendaHiscox to re-enter marine cargo underwriting with hire from XL Catlin
Richard Golder has 25 years experience in the niche line of business
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NewsMike Crane to step into LV= Broker MD role in January
Crane’s replacement Euros Jones will join LV= Broker as commercial director in the first quarter of 2016
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NewsDave Smith joins Lockton as non-exec director
Smith will advise the boards of Lockton and the broker’s managing general agency
