Insurer News – Page 308
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NewsSterling boss: Sale to Covéa will not upset service to brokers
John Blundell says larger owner will allow Sterling to expand
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NewsCovéa buys Sterling Insurance
French insurer to run HNW and property specialist as separate division
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AgendaSolvency II stress test defeats one in 12 insurers
Eiopa says the sector is more vulnerable to a ‘double hit’
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AgendaBriefing: Towergate in crisis – the endgame is approaching
With the news that Gallagher has stopped placing new business with the troubled consolidator, a deal to sort out the business is now more pressing than ever
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NewsMotor insurers risk FCA probe over new customer discounts
Consumer Intelligence survey finds UK drivers prefer not to shop around, but feel compelled to by introductory offers
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NewsHastings chief: Rates to rise throughout 2015
Gary Hoffman says company is ‘not alarmed’ by rising bodily injury claims
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Online onlyM&A and consolidation set to increase for managing general agents
Two-fifths of MGAs surveyed are looking to the M&A market for growth over the next three years
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Online onlyHastings reports £51.2m profit for year to date
Customer numbers grow by more than a fifth over the first nine months of 2014
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NewsSeventeen Group secures backing from bank to make acquisitions
Clydesdale Bank is “keen” to work closely with brokers that have supportable growth plans
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NewsDavies makes senior hires to support growth
Chief executive Dan Saulter expects underlying profit to more than double to £3m in 2014 after a strong year of winning contracts
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‘Pushing boundaries on commercial products’ helps Acturis reach 12,000 users
Insurance software house says it wants to translate its expertise into personal lines and niche areas
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NewsPool Re still relevant despite levy hike and competition – AM Best
Ratings agency says government’s increased share of premium will not affect scheme’s claims-paying ability
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News
Biba publishes sharing economy guide
Aon, Bluefin and Towergate are among the brokers listed that offer cover for businesses within the sharing economy
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NewsJames Hallam hires three from CBC to set up real estate team
Managing director Paul Anscombe says insurers are attracted to brokers with specialist units
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NewsRival network bosses report surge in new enquiries amid Towergate troubles
But supportive members say that Broker Network still offers a good compliance and client money service
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NewsGeneral Legal Protection enhances home emergency cover
The new product exclusively written for Higos will offer enhanced levels of cover and improved terms for write-off settlements
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NewsBrokers to draw clients' attention to Towergate's financial troubles
Brokerbility to seek alternative quotes to Towergate’s MGA - but end decision is the client’s
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NewsAviva shares hit following Friends Life move
Investors react to the insurer’s preliminary agreement to buy the smaller rival insurer for £5.6bn
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NewsAirmic hails planned Pool Re changes as ‘a big step forward’
Risk managers welcome scheme’s plan to be more flexible on premiums and terms
