Insurer News – Page 325

News
Fitch: Reduction in flood defences spend could drive up Flood-Re claims

2014-03-19T16:03:00Z

Insurers would be forced to make up the difference if scheme cannot meet its claims obligations
Agenda
One in four consumers would commit motor application fraud – LexisNexis

2014-03-19T08:40:00Z

And one in five think it is acceptable to report a hit-and-run accident to claim for self-inflicted damage
Agenda
Allianz GCS appoints chief claims officer to its board

2014-03-19T08:22:00Z

Alexander Mack will take up the role on 1 April
Agenda
Briefing: A good year, but don't get complacent

2014-03-19T07:00:00Z

The big insurers have turned in good results for 2013, and they have also had success in cutting complaints. Can they keep it up?
Agenda
Advent appoints new cargo underwriter

2014-03-19T06:30:00Z

Gary Cook hire follows three new senior appointments in past six months
Agenda
Shake-up to UK General board

2014-03-19T06:30:00Z

Michael Warren and Chris Blackham to step down
News
Brit Insurance eyes £1bn IPO – reports

2014-03-19T06:28:00Z

Indicative price range of 230p to 275p per share
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19 March 2014 Issue

2014-03-18T12:00:00Z

Read a digital version of the 19 March 2014 edition of Insurance Times. It includes an interview with Admiral boss Henry Engelhardt, we crunch numbers to see which is the top performing insurer of 2013, we examine the fall in the number of complaints against insurers, and this month’s edition ...
News
Flood Re to include certain domestic SMEs and leaseholders

2014-03-18T11:09:00Z

Band H properties still excluded from affordable flood insurance scheme
News
Novae bolsters reserves against rising financial crisis claims

2014-03-18T08:30:00Z

Lloyd’s insurer’s claims experience from financial institutions worsens
News
Analyst: RSA’s ‘weak’ UK business set for 'major restructuring'

2014-03-18T08:00:00Z

Overhaul will lead to volume reductions and ‘aggressive’ cost cutting, says Berenberg’s Sami Taipalus
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Aviva criticised for Dorset storm response - reports

2014-03-17T09:40:00Z

Homeowners say the insurer has failed to act quickly enough
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Masojada: Industry faces ‘PR disaster’ over Flood Re exclusions

2014-03-17T07:00:00Z

Hiscox chief executive proposes claims cap but favours separate solution for small businesses
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Insurers most likely to offer paid work placements

2014-03-17T06:30:00Z

Placements offered by insurance companies have increased by 1,150% over the last three years
News
CFC launches insurance for not-for-profits

2014-03-14T09:30:00Z

Government cuts mean rising management liability risks, says MGA
News
Admiral buys Guidewire's policy and billing software

2014-03-14T09:09:00Z

Admiral has signed a deal with Guidewire that it says will let it develop and change its policies faster.It will move its policies and billing operations to Guidewire PolicyCenter and Guidewire BillingCenter.Admiral Group head of IT Charlotte Bennett said: “We were looking for policy and billing systems that would allow ...
News
Argos owner sets aside £25m for PPI compensation

2014-03-14T08:10:00Z

Argos owner Home Retail Group has set aside £25m to pay compensation for mis-sold payment protection insurance (PPI).It commissioned an independent investigation in response to the FCA’s industry-wide review and will start to pay compensation for the product, which was sold through its financial services arm to Argos and Homebase ...
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FCA: Add-on distributors have ‘clear point of sale advantage’

2014-03-14T06:30:00Z

Regulator says market power of distributors means insurers receive less than 8% of the premium for certain add-on products
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Flooding left the industry looking like a 'shambles' - AXA's Blanc

2014-03-13T11:00:00Z

Amanda Blanc said the industry needs to act as a united profession to regain lost consumer confidence
News
Gable enters £5m UK surety bond underwriting deal

2014-03-13T07:55:00Z

Liechtenstein-based insurer signs underwriting agreement with Lloyd’s broker Kinetic