Insurer News – Page 353
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Breaking News
Acquisitions boost insurers’ short-term share price
But long-term gains are rare, according to Towers Watson and Cass Business School
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News
Yutree MD Hancock to represent smaller brokers as new Biba advisory board chair
Mason Owens Financial Services MD Andrew Gibbons appointed as deputy
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Band H homes at flood risk face premiums 20 times UK average
Hiscox issues warning and calls for Flood Re ‘not to discriminate’
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L&G plans to sidestep banks with SME lending
Chief executive Nigel Wilson reports growing demand for private placements
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Hiscox hails ‘excellent’ UK performance despite flat profit
Lloyd’s insurer expects to pay £16m for UK flood claims
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Floods could push up combined ratios by 4% - Standard & Poor's
Ratings agency says financial strength ratings will be unaffected
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AXA expects £100m of bad weather claims from past three months
£35m reserve strengthening was driven by second wave of deafness claims
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Gallagher MGA adds commercial property to PowerPlace
e-Underwriting eyes growing online SME distribution
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AXA UK returns to underwriting profit despite reserve hike
COR improves to 98.9% but revenues drop 1% because of selective underwriting
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AXA trials app to give 'safe' white van drivers discounts
Telematics app developed by Wunelli will be tested in coming months
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Breaking News
Insurers urged to show old premiums
Which? launches campaign calling on insurers to show last year’s premium alongside renewal quotes
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L&G marks entry into personal lines motor with Junction partnership
Policies will be underwritten by Junction’s panel of 14 insurers
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Breaking News
i-Wonder launches taxi insurance aggregator solution
Tech provider to introduce a different niche solution each month
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Berns Brett achieves chartered Lloyd's broker status
Achievement is part of long-term strategy to support growing client base and needs
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Ageas aiming for 100% commercial COR in 2014
Insurer incurred £20m of flood claims in Q4 and could incur a further £20m for this year
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Government calls for evidence on Flood Re exclusion impact
“Small” number of leaseholders in high risk areas will be able to access affordable cover - insurers
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Kiln buys 49% of US underwriting agency NAS
Los Angeles-based firm wrote $75m of premium in 2013
