Latest News – Page 1968
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Online onlyHousehold premiums to rise in wake of floods
Two of Britain's leading insurers have said the cost of household insurance will rise as a result of catastrophic flooding
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Compensation must increase for families of asbestos victims, says law firm
Law should be brought in line with Scottish approach, argues claimant law firm
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Online onlyAviva: July floods will cost £165m
Insurer admits 'uncertainty' over meeting group target for 2007
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NIG promotes Laming to Redhill’s regional manager
Laming will be responsible for managing NIG's growth and service delivery proposition
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Aon Q2 global revenue reaches £1.2bn
Firm also announces strategic options consideration for Combined Insurance Company of America
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MMA enchances property owners cover
Commercial property owners book doubles in two years
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Online onlyZurich puts UK weather losses below £200m
Claims payments related to UK floods not to exceed $400m (£197m)
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Global insurers unite to tackle climate change
International insurance chiefs formulate strategy to pressure governments over climate threat
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AXA hit by protests
AXA’s investment arm was picketed by animal rights protesters this week as part of a campaign against investment in animal testing firm Huntingdon Life Sciences (HLS).AXA Investment, which manages surplus funds from the insurer’s UK business, is a major investor in the New York Stock Exchange (NYSE), where shares in ...
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IFB seeks to expand as fraud scams cut by a third
Investigations and arrests lead to saving of £15m in first year of operation
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Founding member of Westinsure Group to quit
A founding member of Westinsure Group is to leave the broker alliance amid claims that the group does not adequately support larger brokers. PSP Westinsure, which controls premium of £6m, will sell its 26% stake to other members by the end of 2007.PSP chairman Terry Parkins said the decision was ...
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Erinaceous loses top two directors
Two directors at Erinaceous Insurance Services are defecting to Towergate and its sister company CCV. Managing director, Andy Halstead, and director of insurance and underwriting, Nick Crocker, will take up roles at Towergate Financial Services and CCV. This development comes amid speculation that HBOS has tabled a bid for ...
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Members’ agents criticised over failed Names buy-out
Tension is mounting between Lloyd’s insurers and members’ agents over QBE’s failed attempt to buy-out the remaining Names in its specialist liability Syndicate 386.QBE was forced to withdraw an offer when investors rejected what was regarded as “the highest ever, offered within a Lloyd’s capacity”.Under Lloyd’s rules, the insurer was ...
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Chinese insurers given green light to invest in UK
Decision by Chinese regulator raises limit for overseas investment
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Insurers suffer as debt fears hit market
UK insurance shares took a tumble during last week’s stock market slide, but proved themselves more resilient than most. Shares prices fell worldwide last Thursday as markets recoiled at the prospect of massive amounts of debts going unpaid and credit being squeezed. The London stock market fell more than 3% ...
