Insurer News – Page 304
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NewsLloyd’s insurer ProSight signs capacity deals worth £20m
Insurer to underwrite Corgi HomePlan products and back Oliva’s new scheme for UK builders
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NewsIFB makes key hires to drive forward new fraud fighting strategy
The bureau wants to manage fraud across all product types and build an intelligence-sharing infrastructure
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NewsRural takes six from Towergate-owned BIB
Hires are part of managing general ageny’s plans to become second largest farm insurer within three years
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NewsBrit launches Bermuda sidecar
Versutus will reinsure a share of Brit’s existing worldwide property catastrophe excess of loss portfolio
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NewsAgeas completes sale of life insurance arm for £197m
Sale allows Ageas to continue to focus on non-life business
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NewsSkills shortage at regulator as insurers poach staff
Insurers and bankers are taking staff from PRA to meet growing compliance demands
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Online onlyAdmiral hires new non-executive director
Prudential chief financial officer Penny James will also join the motor insurer’s audit committee
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NewsYear in review
Big deals, shock resignations and litigation. Here are the headlines that set the agenda in 2014
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NewsInsurers cancel policies amid broker client money confusion
Administrators unable to pay insurers do not know if accounts have been reconciled or are in deficit
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NewsJM Glendinning launches new corporate business with second Gallagher hire
Carol Adamson has joined Nigel Wood to help grow book to £1m commission business in four years
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NewsA&A Group returning broking arm to profitability after £4.5m loss
Broker has written more new business in the second half of 2014 than the first six months
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NewsTowergate December performance hit by delays to insurers deals
Insurers waiting for uncertainties about broker’s future to be resolved
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NewsChange in distribution models drive top home insurers to lose market share
Intensified competition between companies could threaten their future profitability - research firm Timetric
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NewsICO fines plumbing firm £90,000 for boiler insurance nuisance calls
The ICO said that Kwik Fix Plumbers had harassed vulnerable indivisuals
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NewsAXA renews five-year underwriting deal worth £20m with broker Cherish
AXA will exclusively underwrite Cherish’s home (including B&B), second home and buy to let products
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NewsConfused launches new Brian TV and social media ad
The adverts will also introduce new characters called The Herberts
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NewsGadget insurance complaints rise sharply - FOS
FOS found in some cases the terms in the contract had been applied unfairly
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NewsCatlin sells £85m stake in Insurethebox to Japanese insurer
Japanese insurer MS&AD has bought a 75.01% stake in Insurethebox for £105m
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NewsHome and motor premiums continue to fall - Biba/Acturis
In the mid-market commercial businesses saw an increase of 1.6% in Q3 2014 compared to Q3 2013
