Latest News – Page 1323
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Online onlyPersonal lines rescues RSA’s underwriting result
RSA’s UK business made an underwriting profit of £8m in the first half of 2011, as personal lines profits offset commercial lines losses.This was an improvement over the £2m profit made in the first half of last year.The personal lines underwriting result almost doubled to £27m, which RSA attributed to ...
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Online onlyAXA UK’s underwriting breaks even in H1
AXA UK has reported a current-year combined ratio of 100% for the first half of 2011, indicating that the insurer’s underwriting has moved to a break-even position from a loss-making one.The ratio is a 2.1 percentage point improvement over the 102.1% ratio AXA UK posted at the half-year point in ...
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Online onlyRSA chief Andy Haste steps down
RSA group chief executive Andy Haste will step down at the end of this year after eight years leading the insurer.He will be replaced by Simon Lee, currently chief executive of RSA’s international business.“It has been a hard decision to leave but now is the right time for me to ...
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AnalysisDaily briefing: Wednesday - Kerry London spins the losses
The broker is pleased with reducing its losses by 50%, but turnover also shrank last year
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Online onlyCommons to debate referral fee ban
Jack Straw has secured a Parliamentary debate to take forward his crusade to ban referral fees and revamp the guidelines surrounding whiplash damages. The former justice secretary has secured leave for a ten minute rule bill debate to debate a clampdown on the controversial practice in the House of Commons ...
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Online onlyEndsleigh accused of secretly pocketing referral fees
Gibraltan-based insurer Southern Rock is accusing Endsleigh of secretly pocketing referral fee income in the latest twist to their £15.5m court battle.Southern Rock alleges that Endsleigh passed on referrals to credit hire operator Drive Assist and unknown third parties while it was contracted as a claims handler between 2004 and ...
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NewsEndsleigh pocketed referral fees, claims Southern Rock
Writ suggests Endsleigh secretly passed on referrals relating to Southern Rock claims
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NewsJLT: don’t judge Thistle by half-year losses
MGA made loss of £246,000 but better performance will follow, promises JLT chief
