Insurer News – Page 258
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NewsAgeas Insurance assigned A- rating from S&P
Full rating follows Ageas’s decision to undertake reviews with ratings agencies after S&P stopped offering unsolicited ‘pi’ ratings
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NewsEx-insurance worker must repay part of £37,000 to Hiscox for bogus claims
Jay Martin Solder has been ordered to repay £37,000 to Hiscox, Columbus Direct and Atlas Direct within 14 days or face 12 months in jail
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NewsFCA probe: SMEs underinsured in fifth of larger claims
In some cases where policy was sold on non-advised basis by insurer or broker sums insured was less than 50% of the required cover
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Online only27 May 2015 issue
Read a digital version of the 27 May 2015 edition of Insurance Times. Cover story: David Ross and Gallagher, the inside story; brokers wait for Zurich e-trade to take off; The Knowledge: what’s next for claims standards and service
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NewsGallagher hires Towergate man Keith Insch as UK acquisition manager
Insch will work closely with head of M&A of Gallagher International Oliver Homer
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Online onlyHastings feels 'white heat of competition' daily, says boss
Insurer changed prices more than once a day in March
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Online onlyMoorhouse Group MGA to open London office
Xbroker will be located in 107 Leadenhall Street
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Online onlyHastings premium surges by a quarter over Q1
Customer numbers have now reached 1.8 million at the insurer
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NewsAviva widens commercial offering for direct SME customers
Insurer has widened offering beyond van to include public and employers’ liability and tools cover - targeted at construction sector
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NewsFailed insurer ERIC sues brokers over reinsurance wrangle
The defendants named in the suit include Shay Reches, Bar Professions and Wayne Redgrave
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NewsS&P questions Pinnacle’s strategy as losses continue
Rating agency cuts insurer’s rating outlook to negative over concerns about business model
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NewsCovéa UK to launch direct motor proposition this year
Covéa Insurance is planning to launch a direct proposition for its personal lines motor business by the end of this year. The move is a departure for the insurer, which so far has distributed its products solely through brokers and other intermediaries. But Covéa Insurance marketing ...
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NewsFOS blames loss adjusters and contractors for 10% rise in home complaints
Customers frustrated at amount of time and stress involved in coordinating work carried out by third parties on behalf of insurers
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NewsGeneral insurance complaints fall 3.6% in 2014/15 – FOS
Buildings and contents and pet and livestock are the most complained about GI products
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NewsPPI made up two thirds of complaints to FOS in 2014/15
In 2014/15 FOS also answered 1.8 million enquiries and resolved 448,000 cases
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Online onlyThe Knowledge: Companies urged to interrogate supply chains
Ethical supply chain issues are a real threat to the reputation of a brand
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NewsGallagher set to appoint new COO to replace Janice Deakin
Insurance Times understands that Michael Rea has been earmarked for Gallagher International chief operating officer role
