Latest News – Page 1295
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Online onlyAXA targets 96% COR by 2015
French insurance group AXA aims to report a non-life combined ratio of 96% in 2015, according to its five-year strategic plan, released today. The insurer is aiming for a current-year combined ratio (excluding the effects of reserve releases or strengthening from prior years) of 100% in 2011 and below 97% ...
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NewsNew additions to Hyperion add strength for flotation
Senior directors from PYV Ltd join Howden, leaving PYV Ltd a shell company
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NewsFailure to ban referral fees causes controversy
Legal Services Board claims referral fees can be managed with ‘transparency’
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IT InvestigatesIT Investigates: Fraud’s links to organised crime
Insurance Fraud Bureau claims 70% of the frauds it investigates have links to organised crime networks
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NewsCompensation payout cap raised to £150,000
Ombudsman move to add £50,000 to maximum could increase judicial reviews
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AnalysisDaily briefing: Tuesday – Omega merger looks nearer
After a string of potential suitors, is Omega likely to be seduced by Novae?
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Online onlyNovae will not go cheaply - Fosh
Novae chief executive Matthew Fosh speaks about turning around the fortunes of the Lloyd's insurer in an interview with Insurance Times
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Online onlyReferral fees win stay of execution
Insurers have slammed the legal services watchdog’s decision to rule out a referral fee ban. The Legal Services Board, which regulates lawyers, announced today that it has decided not to introduce a ban on referral fees. Instead the board has decided to introduce greater transparency around the operation of, which ...
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AnalysisDaily briefing: Friday - Quinn's losses make for long-tail pain
The £560m loss posted by Quinn suggests future claims will have to rely on public funding to get settled
