Latest News – Page 698
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NewsAllianz doubles excess liability capacity to £50m per class
Allianz Commercial has boosted its excess-of-loss capacity, which will allow brokers to access excess liability cover of up to £50m per individual class of business for clients. The previous limit was £25m. Allianz said the move supports its ambition to grow its liability portfolio. The insurer ...
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NewsAdvertising watchdog raps Ageas Retail over ‘misleading’ mail ad
The Advertising Standards Authority (ASA) has upheld a complaint from a customer about a marketing mail sent by Ageas Retail brand RIAS. Ageas Retail is the broking and affinity division of insurer Ageas UK. It includes over 50s brands RIAS and Castle Cover. The person complained ...
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NewsWunelli’s Penny Searles launches telematics and insurance service
Penny Searles, co-founder and former managing director of telematics firm Wunelli, has launched a connected car service for used cars, which includes an insurance offering. Searles left Wunelli in May 2015. The new service, Smartdriverclub, is telematics based. Members are sent a device called the Smartplug ...
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NewsFCA reviewing GI broker professional indemnity cover
The FCA is reviewing the professional indemnity (PI) insurance protection that general insurance brokers buy to cover the cost of negligence claims made against them by clients. The study is running alongside a separate piece of work the FCA is doing on PI cover for independent ...
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NewsThomas Carroll buys commercial broker Monmouthshire
Broking and advisory group Thomas Carroll has bought commercial insurance broker Monmouthshire Insurance Services (MIS) for an undisclosed sum. MIS, a subsidiary of Monmouthshire Building Society Group, sells a range of commercial insurance products, including shop, office, restaurant and vehicle and fleet cover. MIS’s Tracey George ...
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NewsFCA launches regional general insurance events for smaller firms
The FCA is planning to roll out programme of regional events called Live & Local for smaller firms this year. The events programme will focus on three main sectors: investments, mortgages and general insurance. The roll-out follows a successful pilot in 2015, the regulator said in ...
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NewsFCA levy on insurers and brokers to decrease in 2016/17
Funds cover cost of FCA’s regulatory activities
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NewsLondon broker sentenced for commission fraud
Bandagu Manzeke faces jail for selling fake insurance policies following IFED investigation
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Online onlyApril 2016 issue
Read a digital version of the April 2016 edition of Insurance Times. Cover story: How the internet is killing off the high street broker; Towergate’s future clarifies; Unrated Gable battles to build broker trust; McKenzie Friends – the new cash cow for CMCs?; Insurers are learning on claims, says ABI; ...
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NewsAXA saves nearly £400,000 defending three motor fraud cases
Court cases unveiled staged accidents, exaggerated costs and phantom injuries
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NewsAA insurance profits, revenue hit by greater churn in motor
Insurance sees fall in revenue and profit for year to January
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NewsAXA's flood-risk homeowners encouraged to switch to Flood Re cover
AXA Direct customers will be able to secure Flood Re-backed insurance from 20 April
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NewsCooper Gay completes sale of North American business
Sale will enable CGSC to push forward with strategy – Group chief exec Hearn
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NewsLloyd’s insurers told to provide figures on exposure to cyber claims
Lloyd’s central management division wants to assess whether syndicates can meet cyber claims
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NewsWillis Networks names replacement for insurer relations director
Richard Fullerton has been promoted to role of Willis Commercial Network market development director
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NewsFlood Re goes live
Chief executive urges consumers to opt for the best rather than the cheapest policy
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NewsGallagher blames David Ross exit for misfiring UK performance
Gallagher suffered after management talent left the business for Towergate
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NewsJLT's Thistle managing director Paul Williams to depart
Williams’ exit is part of management changes under Thistle and JLT Specialty broking merger plans
