Insurer News – Page 378
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News
Esure changes cancellation terms after FCA intervention
Regulator says T&Cs likely to breach consumer contracts rules
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Bluefin hires Paul Goodman as London branch director
Goodman responsible for managing and developing mid to large corporate business in South East
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230,000 small businesses have no insurance, LV= finds
And 350,000 risk HSE fine with no employers’ liability cover
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A quarter of landlords have wrong or no insurance, AXA finds
18% have residential cover instead
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MPs call for regulation of CMCs by FCA
CMCs operate without any proper mechanism for regulation under the FCA, argue MPs
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NewsNew risk exposure software launches
Insurers can calculate the likely loss to the company if a disaster occurred in an area where they had cover for multiple classes of business
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Online onlyTravelers strengthens kidnap and ransom team with former Aon director
Simpson-Mills joins as development underwriter
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NewsPhilip Smith named RSA global brokers group director
Smith will handle RSA’s relationship with Aon, Marsh, JLT and Willis
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Direct Line and LV= among most recommended car insurers
Women are happy with their insurers but men are not, Consumer Intelligence finds
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Jubilee and ANV to merge Lloyd’s operations
Jubilee parent Ryan Specialty to retain 20% stake in combined entity
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Allianz launches new cyber crime policy
Product offers €50m coverage limit for a ‘broad range’ of cyber exposures
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Lawyers face up to 40% hike in PI renewals
Hundreds of lawyers scrambling to find cover after high-profile exits
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Co-op urged to rethink its restructuring
Bondholders seek to avoid debt restructure that will cause them losses
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NewsQBE UK would consider acquisitions to boost growth
General manager Elliot Miller (pictured) and Dave Greaves also reveal plans for FastFlow e-trading offering
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Breaking NewsAXA appoints 7 regional managers
New managers will lead regional sales teams built around broker’ needs
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Breaking NewsMP meets ABI over Bradford car premiums
David Ward pledges to fight on for lower premiums in city
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Online onlyDefra publishes draft Flood Re legislation
Proposed flood insurance rules up for informal consultation until 20 September
