Insurer News – Page 272
-
NewsOval/Giles integration costs Gallagher £16m in H1
Consolidation of UK offices, technology costs, onboarding of over 3,700 employees are included in costs
-
NewsIronshore under negative review by AM Best after Fosun deal
Ratings agency review reflects concerns over Chinese company’s credit profile
-
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
-
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
-
-
NewsZurich UK personal lines MD Tim Holliday to depart
Zurich customer operations director David Nichols will replace Holliday on an interim basis
-
NewsMoneysupermarket insurance half-year revenues rise 8%
Group-wide profit after tax grew 44% to £30.2m compared with £21m in 2014
-
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
-
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
-
NewsUp to 200 jobs secured by Liberty Insurance in Northern Ireland
Last month Liberty Insurance announced it was making 270 redundancies across Ireland
-
-
NewsRSA completes sale of India joint venture stake
Insurer sold 26% holding to Sundaram Finance for £46m
-
NewsNew MGA Pelican enters UK solicitors’ PI market with Munich Re
Munich Re division Great Lakes to provide capacity to newly formed underwriting agency
-
NewsTwo senior staff leave Gallagher e-trading unit for new roles
Mitsui and Modus Underwriting are the beneficiaries of the departures
-
NewsZurich’s RSA bid – strategic logic questionable, says analyst
Canaccord cites exposure to cyclical UK market and pension liabilities
-
NewsLancashire first-half profit falls 10% as specialty ‘indiscipline’ continues
There is evidence that premium decline is slowing
-
NewsAny RSA offer will be in cash, says Zurich
Swiss insurer has yet to make a firm offer for its UK-based rival
-
News
Zurich/RSA deal should focus on strengthening specialty offerings
But brokers warn that consolidation based on commoditisation of business would be negative
-
NewsFraudster sentenced for faking burglary to make bogus claim to DLG
Brikenjeet Singh tried to con insurer out of £57,000
-
NewsMGAs expect to weather Zurich/RSA deal
Underwriting agencies see plentiful capacity and choice despite potential for another merger
