Latest News – Page 1136
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Online onlyInvestigation: Commercial lines feel the squeeze
Heavy competition, combined with the recession, is putting increased pressure on commercial lines, as shown by Insurance Times’s investigation into the FSA returns of six prominent UK insurers
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NewsNIG faces 'quick sale' if private equity buys Direct Line
Renewed speculation that NIG will be hived-off by private equity; esure and Hastings in IPO spotlight
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Online onlyNIG spin-off looms if private equity wins fight for Direct Line
Broker-only commercial insurer expected to be early sale in the event of any takeover
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Online onlyBlanc looks to build AXA’s ties with regional brokers
Personal and commercial lines broker arm to merge under Amanda Blanc’s control
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NewsBarbon overhauls procedures after HomeLet blunder
Changes follow FSA inquiry into broker’s selling of home insurance products
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NewsConsumer advisory panel to focus more on UK GI
Financial Services Consumer Panel to examine price, renewals and complaints
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NewsHomeServe spurns £1bn private equity advance - report
Company was approached by Cinven, KKR and Apax
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NewsUK floods to cost RSA £50m
Company cuts COR target as it also reveals £35m of Italian earthquake losses
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NewsItalian insurers' ratings cut as eurozone woes continue
Moody’s downgrades Generali, Allianz Italy and Unipol’s ratings
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NewsLibor rate scandal under the spotlight for insurers
Hedge funds and asset managers could be next, warns Marsh boss
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Online only
Barbon counts the cost of HomeLet mistake
The expense of compensating policyholders after breaching FSA guidelines has pushed Barbon from a £7.8m profit to a £500k loss
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NewsBarbon sets aside £2.5m to compensate customers after sales blunder
FSA-scrutinised Barbon sets aside £2.5m for customer compensation after contents insurance breach
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NewsNIG launches property owners cover for all brokers
Insurer heeds broker calls for revamped product
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