Insurer News – Page 349
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News
Novae bolsters reserves against rising financial crisis claims
Lloyd’s insurer’s claims experience from financial institutions worsens
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News
Analyst: RSA’s ‘weak’ UK business set for 'major restructuring'
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
Homeowners say the insurer has failed to act quickly enough
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Online onlyMasojada: Industry faces ‘PR disaster’ over Flood Re exclusions
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
Placements offered by insurance companies have increased by 1,150% over the last three years
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News
CFC launches insurance for not-for-profits
Government cuts mean rising management liability risks, says MGA
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News
Admiral buys Guidewire's policy and billing software
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 ...
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News
Argos owner sets aside £25m for PPI compensation
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’
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
Amanda Blanc said the industry needs to act as a united profession to regain lost consumer confidence
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Gable enters £5m UK surety bond underwriting deal
Liechtenstein-based insurer signs underwriting agreement with Lloyd’s broker Kinetic
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Household MGA Plum starts writing mid-net-worth business in Ireland
Plum’s three core products now available from Irish brokers
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Ex-Towergate boss beats £5m GWP target with broker Ashgrove
Stephen Duffy is set to complete on his fifth broker acquisition later this month
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News
AXA joins UNA broker alliance's insurer panel
AXA says deal is expected to deliver up to £10m GWP over the three-year contract.
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News
Co-op plunges further into chaos after boss quits
Overall boss Euan Sutherland has left the ‘ungovernable’ company
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FCA-probed MGA ‘issued policies in Catlin’s name without insurer’s authority’
Catlin has agreed to honour unexpired policies
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Omnibus II adoption paves way for 2016 Solvency II launch
European Parliament adopts key package of changes, completing the new capital regime
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News
Esure boosts profit by 6% in its first listed year
Personal lines insurer’s COR improves by 3.1 points to 89.7%
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Agenda
Insurers selective on digital agenda
Organisational capacity is the biggest barrier to driving forward insurers’ digital plans, according to a new survey by Insurance Times
