Latest News – Page 439
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AgendaNovember 2019 issue
In this month’s edition: MGA capacity woes; FCA pricing study; why computers won’t replace the human touch
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NewsVibe syndicate goes into run-off
The MGA had previously said it was closing some of its business units
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NewsEx-Aviva UK boss Andy Briggs lands plum role
Briggs had been on gardening leave from Aviva until last month
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NewsHiscox shares take a battering as opioid abuse scandal threatens to engulf insurance industry
Hiscox said it was taking pre-emptive action to head off a casualty catastrophe
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NewsDavies Group buys Irish loss adjuster
The confirmed deal marks Davies Group’s seventh acquisition this year.
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NewsBeazley reports 12% increase on gross written premiums for Q3
The London market insurer shows a total $2.192m for gross written premiums in the first nine months of 2019.
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NewsAllianz hit by claims inflation and Ogden rate change
Combined operating ratio deteriorated in the third quarter as cost of parts and labour rose sharply
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NewsInsurance industry unites to raise funds and awareness for dementia campaign
The Insurance Day of Giving, spearheaded by The Alzheimer’s Society and the insurance sector, takes place today.
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NewsBusiness secretary slams Thomas Cook for personal injury insurance oversight
Thomas Cook self-insured the majority of personal injury claims, meaning those with serious injuries or loss of life are now treated as “unsecured creditors”
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NewsBarbon Insurance Group and Let Alliance complete merger
The combined business aims to offer protection and ancillary services to letting agents and landlords.
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NewsAXA reports 3% improvement in European revenue to reach €27bn
The multinational insurer additionally noted group-wide gains in its property and casualty portfolio within the first nine months of 2019.
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NewsRSA reports boost in underwriting profit despite financial market challenges
The London-based insurer shows improvements across its weather, large loss, attritional loss and controllable expense ratios for the past nine months.
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News'Don't foist LiP portal on the public until its ready', warns Minster Law chief executive
Despite approving of small personal injury claims being moved online, Shirley Woolham insists that customers’ interests must be at the centre of the new platform.
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NewsSolve culture crisis or face sanctions, insurers told
Insurers and brokers told they have to create an internal culture in which staff feel safe and secure to report wrongdoing
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NewsBiba heralds success of signposting service as 700,000 older users to date
More older people are seeking help with motor and travel insurance as a result of cross-industry signposting scheme.
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News AnalysisInsurers warned they face threat of regulatory reserving probes
PRA warns of pressure on management to deliver results ahead of adequate reserving
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NewsRoad Runner launches new digital platform for brokers
The portal aims to strip back labour intensive processes for both brokers and their clients
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NewsIndustry needs to work to eradicate credit hire hikes
Head of the Credit Hire Organisation told Insurance Times that collaboration between credit hire firms and insurers has never been closer.
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Online onlyRevealed: The property types insurers find hardest to price
Research reveals older properties have the biggest range of premiums
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NewsInsurer will take time over UK property and casualty exit
MS Amlin previously said it was withdrawing from nine classes of business.
