Latest News – Page 520
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NewsBe Wiser rejoins Biba, five years after joining the first time
The Andover-based broker first joined the association in September 2014, but after leaving in 2016, it has now rejoined
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News‘The tide has turned’ on fraudsters as the industry reacts to the latest ABI figures
Industry appears mostly encouraged by latest fraud figures, but still see a long journey ahead, while one questioned the return on investment
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NewsZego partners with major car-subscription service
Private hire drivers will be automatically insured when taking out a subscription on a vehicle
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NewsApplication fraud dominates as average tops £12,000 per case
However, one fraud worth £1.2m was detected, and around 1300 fraudulent cases are exposed every day
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NewsAston Lark buys Manchester broker
The deal is Aston Lark’s first acquisition in the Manchester area
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NewsInsurtech Honcho ready to take on aggregators as it steps into motor market
Insurtech wants to end aggregator dominance through its reverse auction approach to selling car insurance, whereby providers bid for a customer’s policy
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NewsUK SMEs shoulder £8.8bn crisis costs, broker finds
Cyber-attacks, data breaches and cyber extortions accounted for 15% of all ’crisis’ events
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NewsFCA clamps down on CMCs’ ‘unscrupulous’ false advertising
Martin Milliner of LV= says CMCs have gotten away with unscrupulous activities “for too long”
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NewsBought by Many to drop industry standard for switching insurers
The two-week waiting period was a measure to combat fraudulent claims, but the insurtech believe it is unnecessary
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NewsIrish drivers 'no longer need green cards' in no-deal Brexit
However, as it stands, UK drivers will still need them in Ireland
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NewsClose Brothers signs exclusive contract with Coversure
Close Brothers and Coversure agree long-term contract covering both personal and commercial lines
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AgendaAon MGA pulls out of solicitors PI market
Several Lloyd’s capacity providers previously supporting Aon MGA Maven had withdrawn their capacity as part of the Lloyd’s profitability review
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NewsAll Swinton retail branches now closed, Ardonagh confirms
Integration of Swinton is said to be nearly complete, with another £11m planned to be invested in the process through the second half of 2019
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NewsMotor claims inflation increases by 8% in 2018 with further rises expected
The North East and Wales incurred the sharpest rise in claims inflation
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NewsBravo Group reveals purchase price of every acquisition in 2018
Broker Network-owner Bravo Group has revealed the price paid for each of its 10 acquisitions last year
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NewsLondon Bridge terror van insurer not eligible for MIB support
Slater and Gordon is representing a number of victims seeking compensation for physical and psychological injuries against the van insurer
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NewsPrice comparison cycle service enters market
Cyclists run the risk having to foot the bill if they are involved in a third-party liability claim
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NewsGRP buys first risk management business
Managing director Mike Bruce says the buy will add ‘significant value’ to broking and MGA clients
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NewsNew majority stake deal gives Avid insurance ‘firepower’
The investment will fuel further organic profitable growth
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NewsBrightside appoints new broking director and CFO
Russell Bence has left the Bristol-based broker to pursue other interests
