Latest News – Page 1956
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Expected motor premium hike to reflect true cost of cover
Low-cost motor rates not sustainable, says Onlyinsurance
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Online onlyNovae appoints underwriting director
Former medical malpractice underwriting manager promoted
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Online onlyBack to the office
The drive towards electronic broking solutions – and the elimination of administrative staff – continues apace
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Grant Thornton creates new financial services group
Company proclaims the creation of a "credible alternative" to the Big 4
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Lloyds TSB appoints insurance development chief
Former R&SA broker head to lead commercial growth across retail bank customers
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Over 20% of brokers may be sold in next three years
Mergers will lead to unfair competition, IIB survey shows
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Top bosses get 37% pay rise
The salaries of UK chief executives rocketed by 37% last year as they were rewarded with huge increases in their basic salaries.A survey by the Guardian newspaper revealed that the increases take the average pay of a chief executive to £2,875,000, amounting to 11 times the increase in average earnings, ...
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Homeserve pulls out of talks to buy Domestic & General
Homeserve has today announced that it has pulled out of talks to buy specialist warranty and electrical appliance insurer Domestic & General Group. On the 21 May 2007, Homeserve said that it had approached the group with a view to entering into discussions about a potential offer.However the group said ...
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Defence case begins in Independent trial
Former Independent boss Michael Bright started his defence in tears as he told of his personal losses when the insurance company he founded spectacularly collapsed.Bright claimed he did not keep information from his reinsurers and did not know that some claims were being deliberately under-reserved to balance the books. He ...
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Axis chief quits after 11 years
Peter Shortland, chief executive of loss adjuster Axis, quit suddenly this week after 11 years with company. The sudden resignation prompted speculation that the move was connected to a failed merger between Axis and rival Miller International. Axis denied that Shortland’s departure was connected to the business.Alistair Jacob, business development ...
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Stockwatch – Improved performance but no champers just yet
?For the insurance sector, the turmoil caused by banks’ overzealous lending to both private equity firms and poor Americans has caused less of a crash and more of a wobble.Share prices among UK insurers have been edging their way back upwards. Aviva moved to about the same level as ...
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C-ZoneWinning the talent contest
Howard Lent says schemes to attract graduates into the industry are having only limited success, companies need to do more
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Insurance websites failing their customers
Insurance websites are letting down their customers by providing too little information, independent research has proved.Global Reviews asked 1,000 consumers what they wanted from insurance websites, and benchmarked each against 500 separate demands. The best overall was Direct Line but it scored just 58%, which is low compared with other ...
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NewsInsurer ratings hold despite hostile events
?The European insurance industry continued to enjoy ratings stability and good results in the first half of 2007 despite the global credit crunch and weather-related catastrophes, according to Moody’s.But the ratings agency warned that while the operating environment should remain generally supportive to rating stability in the short term, external ...
