Latest News – Page 453
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NewsGuidewire hires new chief executive
The appointment sees Marcus Ryu, its chief executive of 18 years, become chairman of the firm’s board of directors
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NewsOgden hits LV= but operating profit is up by half
£13m Ogden rate hit puts underwriting profit lower than last year but Steve Treloar hails six months of solid growth elsewhere
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NewsArdonagh signs IT provision deal with cloud specialist
The IT provider which specialises in “cloud and cognitive services” will provide a range of services to Ardonagh businesses
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Online onlyInsurance crisis risking many sports across Ireland - report
Large payouts have led Irish insurers to flee certain sports
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FeaturesJailed claims handler defrauded employer for £390k to fund cocaine addiction
The handler has been jailed for two years and worked for a major insurer at its complex claims offices in Fenchurch Street
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NewsERS slips to unprofitable COR as it reshuffles exec team
ERS blames Ogden as combined operating ratio slips to over 100%
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NewsQuindell founder Rob Terry steps down from latest venture
Former Quindell founder Rob Terry steps down from latest role with OS3 Digital
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Online onlyAgent under fire over insurance offer to flood-hit Whaley Bridge residents
Offer of home insurance to flood-hit residents at Whaley Bridge sparks storm and debate on whether agent did wrong
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AgendaFCA issues double warning of unauthorised insurance firms operating through Instagram
Unauthorised firms by the name of Cheap Insurance Broker and B1 Insurance were both being run through Instagram
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AgendaAllianz brings on 167 new broker clients in LV= merger as personal lines completes transition
The insurer announced a slight dip in commercial profitability, but attributed that to the LV= transition and outlined the plan for L&G
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AgendaGallagher Bassett expands London market presence with acquisition
Gallagher subsidiary picks up assets of Welsh claims management firm
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Online onlyRSA keeping future of London commercial business under review
RSA chief executive Stephen Hester says remaining London commercial business “will stay under careful review”
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NewsLloyd’s chooses 11 insurtechs to support manifesto
The 11 chosen insurtechs will make up the third cohort of the Lloyd’s Lab
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Agenda‘Last minute issues’ throw Alpha replacement cover deal for 30,000 customers into doubt
Insurer had in principle agreed to cover customers previously insured by collapsed carrier Alpha, but has now raised last minute issues
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News‘Prolific’ ghost broker sentenced for 18 counts of fraud
A number of policies that had been incepted between January and October of 2016 were found to all be connected
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NewsPolice officer deemed fundamentally dishonest in holiday sickness fraud
The Nottinghamshire police officer claimed to have contracted food poisoning, but the evidence exposed flaws in her claim
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NewsAXA grows UK business amid increased P&C focus
The UK & Ireland saw gross revenues of £2.6bn for the first half of 2019
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AgendaRSA returns UK personal lines to profit at expense of premium
RSA takes a disciplined approach to personal lines pricing, resulting in a return to underwriting profit
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