Insurer News – Page 278
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Motor premiums rise slightly but price increases slowing - AA
The average cost of a motor policy is now 10% cheaper than in 2013
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Cost of home insurance falls 5.3% over 2014 despite static Q4
Flood and storm claims have not affected premiums - AA
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Aviva unveils plan to axe 1,500 jobs
Five per cent of headcount to be cut if Friends Life deal goes ahead
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Yutree MD Kevin Hancock steps down as chair of Biba small brokers board
Mason Owen Financial Services managing director Andrew Gibbons will become new chair
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Broker fee for running FSCS to halve
But for insurers they will have to pay 44% more towards the scheme’s running costs
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Pool Re reviewing cover in wake of France terror attacks – report
Brokers feel there is a gap in coverage, the Financial Times said
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Aviva Solvency II director replaces Angus Eaton as chief risk officer
Julian Woodford will retain responsibility for Solvency II
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Markel UK closes Bridport office
Two-person operation dealt with insurance for art and collectables
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Jim Sutcliffe exits Financial Reporting Council amid Quindell share option row
Sutcliffe oversaw the FRC code which recommends non-exec directors should not receive options in their pay deals
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Close Premium Finance moves brokers' customer agreements online
Brokers can now scan and upload a customer’s signed credit agreement into CBPF’s i-prompt platform
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Cunningham Lindsey makes internal promotion to lead global TPA
Bobby White will be responsible for wider global development under new brand name inTrust
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AM Best revises QBE’s rating outlook to stable from negative
Insurer’s capital level has been restored to ‘a strong level’, says ratings agency
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Alan & Thomas buys fellow Brokerbility member
Bennetts Commercial’s team will all be retained and led by director Carole Lowe
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QBE hires Zurich’s Mark Platten as UK property director
New recruit reports to retail MD David Hall
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Aviva appoints high net worth commercial director
Insurer’s head of retail underwriting and pricing Owen Morris steps into new role
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Whistleblower accuses council insurers of suppressing sex abuse facts
Retired local authority chief says he was instructed not to apologise to victims
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MGA reveals insurer plans for former Towergate run-off firm Folgate
New owner APC Underwriting says Folgate will underwrite niche commercial and liability products
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Home-based firms failing to secure enough cover
Direct Line research shows growing home-business sector is relying on household policies
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Hiscox agrees MGA purchase from R&Q
R&Q says disposal of the two high-net-worth agencies does not signal strategic shift