Latest News – Page 455
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News
Pensions PI insurance crisis deepens as insurer stops accepting new clients
An uptick in pensions mis-selling has prompted many insurers to reconsider their position in the last few years
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‘Terrific momentum’ - Gallagher hails 2019 as UK storms ahead
UK leads the way as Gallagher posts strong half year results
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High net worth investors are turning to drink as whisky values surge
Wealthy collectors splash the cash on rare Scotch, while London’s ultra-high net worth stick to bricks and mortar
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Ex-CEO Asplin ordered to pay £5.3m for DAS fraud
DAS will receive around £8.3m in compensation from Asplin and the other two defendants found guilty of defrauding the firm at last year’s trial
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BLM and AXA win fundamental dishonesty case where 'injured' fraudster wasn't in the car
The fraudster wasn’t in the car when the collision occurred, but still claimed for injuries
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PIB scoops JLT senior figure as new chief risk officer
The new CRO will replace Jon Stanley, who has left PIB to pursue other interests
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Allianz promotes from within for its new head of commercial pricing
From a management trainee scheme in 2004, Allianz’s new head of commercial pricing has worked her way up
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GoCompare sees profits halved in H1, hints at exploring new sectors
Pre-tax profits halve but aggregator predicts a shift back to growth, and hints at potentially moving into other sectors
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Agenda
HNW cover prices under pressure from costs and exits
Rising cost of claims and high-profile exits drive up premiums as market hardens
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FCA warns of unauthorised motor claims firm
FCA took over the regulation of claims management companies in April
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‘Delivering Brexit and uniting the country’: What does Boris Johnson as PM mean for the insurance industry?
Boris Johnson has been described as a ‘consumer champion’ by some, so what will this mean for the insurance industry
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Insurer boost as governmment gives £2.9m for flood protection projects
Flood Re chief executive calls the new funding a “welcomed step forward”
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Broker raises alarm on cyber amid worrying research results
SJL Insurance chief executive Simon Lancaster ’on a mission’ to educate as his YouGov poll reveals cyber issue
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Confused.com appoints first COO in newly-created role
Chief executive says the role has been created “to bring greater clarity to customers”
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Warning that ship seizures could “adversely impact” premiums
Insurance Times looks at how the recent ship seizures might affect premiums
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Boris Johnson named new PM vowing to deliver Brexit
The UK has a new Prime Minister who will take helm tomorrow
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CLS: the £350m MGA looking to ‘grow by 40% in two years’ through broker partnerships
The Munich Re-backed MGA looks to grow its broker book to grow the business “by 40% in the next two years.”
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Firms failing vulnerable customers face FCA action
As the FCA launches a consultation to protect vulnerable customers, the regulator warns it will take action where it finds unfair treatment
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Beazley poised for profits bounceback as it focuses on broker relationships
Half-year profits soar by 189% compared to 2018
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Agenda
Escape of water claims at £2.5m a day
Escape of water (EoW) claims have been a significant issue for the domestic property market over the past few years