Insurer News – Page 275
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News
Comedian’s rant over £7,521 DLG motor quote goes viral
Jason Manford’s Facebook post received 24,556 likes, 2,406 comments and was shared 472 times
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Liberty Mutual promotes Cook to head of development UK commercial
Ian Cook will report to head of business development and market relationships Mark Stephenson
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CFC launches marine piracy policy
New product can be traded electronically for instant quotes and policy documents
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Gallagher buys Maidstone MGA Evolution
Paul Upton (pictured) and his team will continue to run business
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Brokers face 'significant' charge over FCA ban on premium rate numbers
A firm with a 75-seat call centre could pay £90,000 a year for switching to a cheaper line
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Home and motor premiums fell 4.3% over 2014 - Biba/Acturis
SME premiums also continue to fall
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Broker Network expands offering to Northern Ireland members
Irish members were previously part of Countrywide membership tier
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Richard Pexton launches HNW MGA with former Oak team
Brit-backed Horizon aims to work with more than 150 provincial brokers
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Footman James launches scheme for motoring journalists
The Guild of Motoring Writers will have access to specialist rates and tailored policies
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Beazley profits hit by lower reserve releases
GWP improves but COR and pre-tax profits take a hit at the Lloyd’s insurer
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Peter Cullum-backed consolidator funds broker Ropner MBO
Marine broker will use investment to expand business through acquisitions of teams
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Keyless car thieves drive up auto thefts in London by 8%
Criminals use simple devices purchased online to bypass or hack into onboard electronic ignition systems
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Lloyds Bank raises PPI mis-selling compensation pot to £12bn
Lloyds is to detail the extra charges when it reports 2014 results on 27 February
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Gallagher hires aviation head from Tysers
Mark Walters chosen for his depth of knowledge and strong insurer relationships
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Canadian insurer Fairfax to buy QBE's Ukrainian insurance arm
Acquisition follows purchase of QBE’s Czech Republic, Hungarian and Slovakian businesses two months ago
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Lloyd's broker doubles GWP to £70m with acquisition
Clegg Gifford’s acquisition of broker Westminster leaves former owner Tradex as insurer only
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Ex-Oval finance director returns to Gallagher as interim International CFO
Ian Story to replace departing Mark Mugge
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Broker Principal secures £250,000 funding from Yorkshire Bank
It is the first time the broker has sought external funding since it was set up in 2011
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LV= 2014 GWP shrinks as motor income drops by 10%
But total in-force policies grow by 4% to £4.6m in ‘challenging year’
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