Latest News – Page 2379
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FSA to watch over questionable advertising
Insurers will need to monitor the way they advertise any promotions on offer, following news that the FSA plan to track and fine any questionable advertising.
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4.5m drivers inexperienced in snowy conditions
Insurers are bracing themselves for a spate of claims associated with the snow expected next week, says the AA.The UK's biggest home and car insurance broker warned that many new drivers would lac ...
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Groupama signs up AXA pair
Groupama Insurances has signed up two senior figures from AXA.Phil Bird, will become Groupama's director of non-motor and SME underwriting and Kate Mutter will head the group's sales and agency ac ...
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Pet cover chief speaks out on radio
Healthy Pets chief executive Mark Effenberg has defended the pet insurance industry in a Radio 5 Live debateThe show followed a report in Consumers' Association publication Which?T ...
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Callidus revenues soar in fourth quarter
Callidus Software reported revenues up by 176% to $22.3m in the fourth quarter compared to $8.1m in the same period last year.Total revenues in 2003 were $71.7m, an increase of 170% over total rev ...
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Brown stands down at XL Capital
XL Capital Ltd has announced the retirement of its chief executive of the insurance operations, Nicholas Brown. Brown has chosen to retire, the company said, effective April 1, 2004. Clive Tobin, ...
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Compliance conundrum
As AXA announced plans to move 230 more jobs to India this week, doubts were raised about the FSA's ability to ensure that outsourced call centres meet compliance standards.
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Terrorism seen as a threat by just 20% of directors - survey
Terrorism features in just 20% of risk management plans, a survey found.Directors of 700 European companies were quizzed, leading to findings that 50% of companies have reviewed their business con ...
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Brit's capital reorganisation no threat to rating - Fitch
Brit Insurance had its financial strength rating affirmed today after announcing plans to reorganise its capital structure.Fitch Ratings affirmed Brit's A rating with a positive outlook.The ag ...
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Downgrade for Allianz French and German marine and aviation operations
Ratings agency Standard & Poor's downgraded the German and French marine and aviation operations of Allianz to A- from A+.The businesses together are known as AMA.Credit analyst Emmanuelle Cal ...
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Misys shares down as profits fall 45%
Misys announced a "disappointing" set of results showing profits down by 45% and revenues down by 10% in the six months to 30 November 2003.The software group's financial services division, which ...
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Stop press...Geologistics appeal
Geologistics appealThe Financial Services Compensation Scheme (FSCS) is petitioning the House of Lords for leave to appeal the recent judgment by the Court of Appeal in the case of Geo …
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Stop press...Groupama rating
Groupama ratingGroupama Insurance was put on review with negative implications by ratings agency Standard & Poor's (S&P). This was triggered by its French parent announcing an end ...
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Stop press... Folgate buys Trinity
Folgate buys TrinityThe Folgate Partnership has made its 33rd acquisition buying Trinity Insurance Advisers of Halifax. Trinity controls gross written premiums totalling about £10m of …
