Insurer News – Page 328
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Lower motor rates drive 3.7% drop in LV= general insurance premiums
But the insurer said it had recently seen indications that premiums were starting to rise
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Elderly and sick travellers are hit with 'punitive' insurance premium tax – AllClear
The specialist travel insurer is calling on the government to reduce the tax
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Zenith policyholders to get premiums rebate in EasyCar sharing economy initiative
Car and van owners could see their premiums cut by up to 25% if they rent out their vehicles for 90 days
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Hiscox UK and Europe pre-tax profits plunge 40.8% after winter floods
Group-wide profits also fell by 31% – impacted by a £51m foreign exchange swing from 2013
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Second Giles branch manager joins TEn in plans to double Scottish broker base
Kevin Donnacchie will head up TEn’s Scottish operations as the new business development manager for Scotland
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FCA confirms add-on market 'not working for consumers'
Regulator releases final findings into the general insurance sector
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Lancashire founder takes home £80m after stepping down in April
Richard Brindle’s exit package wiped more than one-third off shareholders’ return on equity
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Ageas hires Midlands regional commercial underwriter from within
Adam Farr promoted to strengthen insurer’s relationships with Midlands SME brokers
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Bennetts hires new director of online trading from Expedia
Julia Swain will help to develop Bennett’s online customer journey model
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DUAL hires new regional development manager from UK General
Jodie Gibbons will work with brokers to develop a broader range of products beyond DUAL’s traditional lines
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Capita Insurance Services hires shared services director from the LMA
Doug Humberstone joins insurance outsourcer
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MGAA membership hits £3.3bn gross written premium
Association started with 40 MGAs writing £1.2bn of GWP
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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 ...
