Insurer News – Page 317
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MGA which traded unauthorised Catlin policies goes into liquidation
Liquidators working with the FCA to return client funds
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NIG launches telematics app for small fleets
New product initially available via members of NIG’s First broker club
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Beazley Q1 GWP flat amid ‘increased competitive pressures’
Renewal rates also flat despite increases in specialty lines
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RSA's UK private motor premium income drops 44% amid broker cull
RSA slashes 17% of NWP despite rate increases
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AXA UK and Ireland growth stalls as personal lines hit cancels out commercial rise
Non motor personal lines fell 6% in first three months of the year
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Esure GWP dips in Q1 amid 'highly competitive' conditions
Weather claims cost the group up to £3m more than normally expected in the quarter
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Chancellor launches review into FCA and PRA enforcement arrangements
The Treasury is calling for evidence to be submitted by 4 July
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Direct Group appoints iGO4 co-founder Tom Cooper to head up product and pricing
Cooper will remain as shareholder and board member at iGO4
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Bexhill goes head-to-head with premium finance giants to offer brokers direct lending
Brokers will not need to apply for full FCA approval as a lender to offer their client premium finance
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SRA scraps plan to ban unrated insurers
Regulator says Solvency II will offer protections that are similar to rated insurers
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Confused dog fouling advert banned
Ad misleadingly implied pet damage covered by home insurance
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Broker Network completes expansion of development team in restructure plans
Each broker development manager now looks after a specific membership tier
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Catlin steps in as QBE withdraws capacity from UK General
Decision was amicable and not driven by business quality, says commercial managing director Keating
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AIG Q1 profit drops 27% after catastrophes and reserve hikes
Combined operating ratio increases 3.9 points to 101.2%
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Hiscox doubles UK flood claim estimate to £10m
Insurer grew UK book by 1.6% in Q1 but cut back overall as reinsurance rates softened
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RSA promotes Mark Coffey to head high net worth business
Coffey will report to personal lines intermediation boss Mark Allan
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Direct Line sheds 5.6% GWP amid motor and home price wars
Motor and home businesses suffered largest hit, while commercial and international books saw an improvement
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Oval acquires Northern Ireland broker Trotter and Reid
Deal was well advanced before Gallagher bought Oval
