Insurer News – Page 281
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NewsNew hire to boost TIFG plans to challenge top five travel insurers
New head of business development Steve Scott will be responsible for expanding broker relationships
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NewsMcManus and Chris Giles return with ambitious broking start-up
McManus is set to join PIB on 1 July as chief executive
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NewsAviva makes senior hires to strengthen Corporate and Speciality Risk arm
Former QBE property boss Peter Fice will join Aviva in June as London Market director
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NewsEndsleigh reports 33% profit boost and 13% turnover growth in 2014
But increased pension deficit eats into broker’s net assets
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Online onlyUnrated Gable crashes to £5.4m loss amid reserving issues
Lichtenstein-based insurer vows further reserve strengthening in 2015 after announcing £7.5m reserving gap
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NewsCovéa pens capacity deal with Sterling on motor fleet
Product targets mid to high net worth clients who want to incorporate fleet of non-standard motors into home insurance
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NewsSwinton to merge sub-£2k commercial business with personal
Larger commercial books of business will continue to be serviced separately by trained staff on an advised basis
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NewsAllianz launches mid-corporate professional services cover
New policy is insurer’s fourth mid-corporate offering through brokers
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NewsABI urges government to avoid flood risk areas with new homes plan
Industry looking forward to ‘constructive relationship’ with new parliament
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NewsAIG commits £7m new capacity to London and creates trading lounge
New capacity dedicated to financial lines and casualty
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NewsJLT hires group finance boss from Barclays
Charlie Rozes replaces Mike Reynolds who was appointed as chief executvie of JLT Re in August 2014
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NewsFCA mulls tougher rules around PPI
Regulator move prompted by Supreme Court case involving loan company Paragon
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NewsThomas Carroll hires three from Towergate
Richard Williams, Brendan Hopkins and Richard Bosley have joined the independent Welsh broker
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NewsRSA set to launch cyber product
Jon Hancock says RSA’s commercial book is moving back on front foot with premium growth and stronger broker relationships
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News‘Broker loyalty’ helping Sterling to win e-trade business
Managing director John Blundell says volumes of premiums already written are “well ahead” of target
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NewsR&Q to buy AstraZeneca-owned captive for £17m
Captive is in run-off and has £22.5m of shareholders’ funds
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NewsBrit to delist next month as Fairfax takeover declared unconditional
Five Brit directors step down following successful offer
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NewsUK motor premium drops by £400m as profitability improves
But industry COR still running at 101% and unlikely to get better, says Deloitte
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NewsJames Hallam in mid-market push with ex-Bluefin hire
Howard Fryer will focus on James Hallam’s existing and prospective larger clients
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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
