Latest News – Page 552
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News
Broker ditches SSP for Open GI’s Mobius
The broker was on SSP’s Sector system, but made the switch to Mobius due to its “impressive technology proposition” and “solid expertise”.
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Integro and Tysers to merge
The wholesale division will trade under the Tysers name after the merger with Integro
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Fraudster sentenced for multiple car hire claims scam
An insurance fraudster has admitted to charging hire car customers for vehicle repairs and making claims on the vehicles
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Aspen shares jump amid takeover talk
Rumours are swelling that Aspen Insurance could be on the verge of a takeover
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Claim on burned down £760,000 home rejected after bedroom miscount
A father of four left with a £460,000 bill after filling in his home insurance policy incorrectly is appealing to the underwriter to change their minds and accept the family’s claim
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Bank of England extends passporting rights for EU insurers
BoE says EU insurers can carry on as normal during Brexit implementation period
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Revealed: the insurance companies with the worst complaints record
CHUBB European Group and Stonebridge International have been shown up as two of the worst performing insurance companies when it comes to receiving complaints.
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Allianz make record £63m fraud savings
Allianz has posted figures for 2017 showing it was a record year in fraud savings for the company, saving £62.8m
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FCA investigating Aviva shares cancellation despite u-turn
Aviva’s decision to cancel securities shares backfires, as investors convince it to reverse the decision and the FCA steps in
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Government takes first steps towards spacecraft insurance
The government is investigating the best way to regulate spacecraft insurance.
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Direct Group hopes new video capture app will speed up claims
A NEW app has been launched by the Direct Group allowing customers to send video footage of their claim to the company’s technical claims handlers.
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LV= profit boosted by 'strong underwriting discipline'
The mutual insurer posts improved results ahead of implementation of Allianz joint venture
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Whistleblower urges MPs to question possible Eldon Brexit data breach
Cambridge Analytica whistleblower Christopher Wylie has told MPs they should look at whether data on customers of Arron Banks’s Eldon Insurance was used to target voters in the Brexit referendum.
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Axa chief defends criticised €12.4bn XL Group buyout as "strategic decision"
THE Chief Executive of Axa has spoken out defending the decision to spend €12.4bn (£10.9m) on the buyout of XL Group.
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News
One in 10 Brits will not have travel insurance for their Easter getaway – survey
15% of British people admit to never purchasing travel insurance, according to a Give as you Live survey
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Collinson appointed as Saga’s travel insurance partner
Collinson to provide full service for Saga products and customers
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News
IBM hits back at Co-op in £130m tech upgrade lawsuit
Co-op ‘effectively brought termination on itself’, alleges IBM in £130m lawsuit
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PI law firm to consolidate because of reforms
A top law firm is to move more work to its head office a year before whiplash reforms come into effect
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Agenda
Premiums increase by 86% after Grenfell… and leaseholders might have to pay
An 85.56% increase in insurance premiums on homes owned by Kensington and Chelsea Council could be passed down to leaseholders following last year’s Grenfell Tower fire tragedy