Insurer News – Page 305
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Expenses spike cuts Lancashire profit by 22%
Cathedral acquisition and Richard Brindle retirement added to costs
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Top motor insurers in firing line as Which? slams ‘sneaky fees’
Endsleigh tripled cancellation charge, while two Direct Line brands doubled theirs
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Home insurance premiums continue to fall despite flooding
And the introduction of Flood Re is not expected to have a material impact on premium levels
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Motor insurance suffers from record fall in premiums
But rate of decline could be slowing as insurers eat into reserves and premium cuts become unsustainable
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Sale of underperforming insurance book boosts Capita's operating margin
Outsourcing giant’s profits increased by 16% to £238m in the first half of 2014
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Defra launches consultation on Flood Re rules
ABI dubs draft financial management rules ‘unworkable’
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Beazley’s Horton: growth will be ‘challenging’
Chief executive predicts rates for short-tail business will continue to fall
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Online only23 July 2014 Issue
Read a digital version of the 23 July 2014 edition of Insurance Times. In this issue: Why motor insurers should worry; Life for Towergate after Fusion exodus; Cover Story: Do brokers help PMAs get away with high commissions?; MGAs thrive; why fewer drivers choose non-comp; Ageas Insurance boss François-Xavier Boisseau ...
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AXA Commercial appoints new London sales manager from within
Martin Kilshaw replaces Ryan Birbeck in broker relationship role
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US growth helps Beazley to 61.5% profit boost
More opportunity from small US risks than big Lloyd’s business
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BMW partners Allianz to launch its first telematics insurance product
In-car technology gives discount for low mileage
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RK Harrison UK retail awarded corporate chartered status
CII said broker was commended for ongoing learning and ethical behaviour
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Ageas launches dynamic pricing for van policies
Technology will allow more accurate pricing and better fraud detection
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Hood Group partners with as Asda on new home insurance product
RSA will remain as underwriters for the policies
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TEn launches user group committee to hear members' views
Managing director Malcolm Lee said the user group could influence decisions made by TEn’s board
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RSA's new London trading site will bring the insurer closer to brokers
New site offers top-performing brokers an enhanced space to do business
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RSA strikes deal with fourth software house as it plots SME growth
Insurer said its integrated e-trading offering will help brokers to trade more efficiently
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Gable signs £10m UK SME deal with broker RiskAlliance
Deal to grow Liechtenstein-based insurer’s presence in UK SME market
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RSA takes Aviva’s personal property head for product director role
Insurer also promotes Daniel Venner and Ian Bostock
