Insurer News – Page 340
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Brokerbility announces £65m growth and new members
Network plans to expand further into Scottish region
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117 law firms have 11 days to find insurance or shut down
Firms that continue to practise after 29 December will be subject to ‘swift’ regulatory action
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Canopius acquired for £594m by Japanese insurer Sompo
Subject to regulatory approval the transaction is expected to be completed in the second quarter of 2014
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Hiscox merges UK and Europe businesses
Move sees a raft of internal promotions including Steve Langan who will head up Hiscox UK and Europe
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London Market consolidation to increase next year - Deloitte
Increasing regulatory burden is making it challenging for smaller brokers to operate
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Underinsured commercial properties leave companies open to huge repair costs
A survey by chartered surveyor Jones Melling found that 90% of commercial properties were underinsured
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RSA risks BBB rating unless it raises equity - analyst
S&P rating could drop two notches within 90 days
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Lark acquires East Sussex broker's book of business
C R Goddard Insurance was a sub broker for Lark
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Mobile phone insurance complaints drop 20% - FOS
But insurers still rejecting initial claims too hastily
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Senior Wright Indemnity changes name to MGB Insurance Brokers
Name change follows the Lloyd’s broker being acquired by Manchester Underwriting Management last month
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S&P downgrades RSA credit rating
Fitch also puts the insurer’s financial strength rating on negative watch
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Torus to extend Lloyd's Syndicate capabilities
Capacity boost and new product offerings approved for 2014
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RSA to give good drivers a discount with telematics launch
More Th>n Drive app to launch next month with telematics product to follow
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NewsInga Beale appointed Lloyd's chief executive
Canopius chief executive to take new post in January
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Capacity restrictions force Brightside to cut earnings forecast by 20%
Capacity problems with Banks-led Southern Rock Insurance Company Limited ‘particularly acute’
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Ecclesiastical withdraws from non-charity care home market
Decision to not write new business or invite renewals is ‘body blow’ to care industry, brokers say
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Adrian Brown: RSA can 'draw a line' under Ireland
UK and Western Europe chief exec sorry but not surprised by Simon Lee’s resignation
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Gallagher promotes Tim Devine to head up education practice
Devine will replace Peter Bristow who is leaving the business
