Latest News – Page 1913
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Backchat
High time for landlords
According to an online broker, landlords should be on high alert after receiving a record number of damage claims for rented properties being used as cannabis factories. The broker says claims range from fires caused by lighting systems being used for growing the plants, to floorboards ripped up to make ...
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News
Towergate strikes again
Consolidator to buy Broker Network for £95mLegal settlement reached with former staff who poached 65 clients
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News
Homeserve line up revealed
Homeserve has announced the line up of senior staff in its emergency services (HES) division.Homeserve has placed its most experienced staff in general manager roles. They will report to Dominic Shorrocks, chief operating officer of HES.Ian Shipley will be general manager for plumbing and drainage business, Alan Horton has been ...
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C-Zone
Going Places
Assurant SolutionsAssurant Solutions has appointed Angie Burgess as business development manager. She will be responsible for identifying and acquiring new clients in the UK creditor market. She joins from Cardif Pinnacle.Tony Parkes has also been appointed as business development manager. He joins from AIG?Europe and has responsibility for identifying ...
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Comments/Letters
Convergence is the flavour of the month
Sarah Kennedy says that Allianz is the latest in a line of firms seeking to merge divisions to adapt to market changes.
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Supplements
The lure of small fish
Small independent brokers are getting more attention from insurers as the effects of consolidation bring new challenges. Chris Wheal reports
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Comments/Letters
E-certificates welcomed
The Department for Transport’s (DfT) decision to implement motor e-certificates (News, 22 November) is fantastic news. The BGL Group has been lobbying on this point for many months to highlight its huge benefits, and to push for its adoption.The move will help the motor insurance database, financed by the insurance ...
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Features
The buyback boom
Jardine Lloyd Thompson is the latest in a line of insurers preparing a repurchase program to buy back shares. As the trend grows, James Dean looks at its effect on the market
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News
Argenta in £20m deal with Ark
Argenta Private Capital, the Lloyd’s members’ agent, is to provide £20m capital to Ark Syndicate 4020 – the first time private capital has accessed a totally corporate syndicate.The deal, subject to members’ approval, will see Argenta entering into a quota share agreement with Ark for the 2008 year of business.Argenta ...
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News
News in Brief
Fitch upgrades NUFitch has upgraded Aviva International Insurance, Aviva Insurance and Norwich Union Insurances’ Insurer Financial Strength ratings from 'AA-' to 'AA', despite the £235m hit from the UK floods. The outlook for the group is stable.Ntegrity poaches twoStart-up PI broker Ntegrity has poached Lockton employee David Gleeson and Alison ...
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Comments/Letters
Brokers need more support from underwriters
Despite the fact that changes are being introduced to the Insurance Conduct of Business (ICOB) rules next month, it strikes me that very little has been done to understand the proposed reforms, or make alterations to be compliant with them.After its usual round of consultation and discussion, the Financial Services ...
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News
Hardy moves closer to Bermuda decision
Hardy has moved a step closer to redomiciling to Bermuda, with chief executive Barbara Merry travelling to the country on a fact-finding mission.Merry said Hardy was undertaking a “very comprehensive review” of the Bermuda market, and accused the Treasury of “making the situation worse” in denying tax cuts to the ...
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News
Web news
RI3K simplifies pricingResponding to market criticisms over its pricing, electronic trading service RI3K is publishing a simplified pricing tariff. Carriers will now be able to select one from a menu of three options for using the service. Uncertainty about the cost of electronic trading has become a major talking point ...
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Backchat
Caffeine catastrophe awaits us
It’s official: coffee is potentially harmful.Research by Allianz Engineering, which also brought us “why cement is sticky” and “watch out – it’s a JCB”, has shown that half of the boilers in London’s limitless array of coffee shops are not only hazardous, but could quite literally explode at any moment.That ...
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Backchat
It was game off at FWD’s tables
To Mitre Street for FWD’s annual shindig – this year, gangster themed. Despite the fact that no one, including the hosts, donned their costumes, spirits were lifted (and beers too) by the in-house casino, complete with the old favourite, blackjack.But the dealer’s emphatic declaration that insurance was unavailable, led our ...
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Backchat
Make sure your junk is safe
Abbey has gone all David Dickinson and told us to love our junk. According to research done by the home insurer, “the nation is hoarding £50m worth of inherited items and hand-me-downs that they don’t actually like”.An average person owns £9,466 of junk. So, in an age of Cash in ...
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News
ABI defends flooding role after Blunkett blast
Industry is “keeping its side of the bargain” says ABI chief
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Backchat
Lloyd’s masters show their art
Backchat was more than a little excited to receive a sneak peek at one of the exhibits from the Lloyd’s Art Group in the mail.The exhibition, which took place from 19 to 21 November in the Old Library, showcased over 100 works from 34 artists, and featured a range of ...
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News
Critical underwriting shortage highlighted
The insurance market is facing a critical shortage of underwriting expertise, made worse by consolidation in the market, a report by the CII and Ernst & Young has revealed.The Future of Distribution in SME Commercial General Insurance says that underwriters will have to become more entrepren-eurial, and develop stronger data ...
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C-Zone
Going Places
BrokerClear Insurance ManagementClear Insurance Management has appointed Paul Roberts as account executive. Roberts joins from Aon Global Risks. Direct GroupDirect Group has appointed Stuart Pendleton as account director, financial services.Pendleton will be responsible for the growth, management and development of business relationships in the financial services sector. He has 18 ...
