Latest News – Page 725
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Reinsurers get more comfortable with UK motor as PPOs fall
Reinsurers were more willing to offer less restrictive cover at 1 January renewals, says Guy Carpenter
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High Court approves Sterling integration into Covéa
With written premiums approaching £600 million, the combined business employs almost 1,400 people
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Aviva successfully defends ‘bogus’ whiplash claims worth £250,000
46 party-goers in bus made claims despite seeking no medical help and continuing to party after collision
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Henderson opens Harrogate office
Family run broker says acquisitions will boost annual revenues to about £35m
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Law firm Parabis pays £7m to insurers to settle ABS debts
DLG will also become sole owner of its ABS while RSA will enter into joint venture with Carpenters
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McDermott not interested in FCA job, says Osborne
Acting chief said to have pulled out of running before Christmas
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UK storms will significantly weaken 2015 household insurer earnings – Fitch
Ratings agency also warns that failure to keep up flood defence spending could lead to higher-than-expected claims for the UK’s Flood Re scheme
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FSCS refunds premiums owed to 2,600 customers of failed insurer ERIC
FSCS says it is working with ERIC to determine the payment details of the remaining policyholders
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Man found guilty in £120,000 ‘crash for cash’ con
Rajesh Kurmi is part of a gang of eight due to be sentenced in March
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Principal buys iGO4's motorcycle book
The sale will leave iGO4 to concentrate on its core businesses; private motor, van and home insurance
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ABI’s Dalton slams ‘misdirected’ calls to extend Flood Re to SMEs
General insurance policy director suggests flood solutions for businesses
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RDG plots major entry into non-standard market with MGA acquisition
Purchase of £30m GWP Midas will also enable RDG to expand insurer relationships
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Ageas names Niraj Shah as new underwriting director
Shah moves up to fill Retail Direct MD Adam Clarke’s old role
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Swinton commercial director departs
Gerald McLarnon’s replacement will be announced ‘in due course’.
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PIB hires former Towergate M&A head Ryan Brown
Brown joins new broker as chief financial officer to help with acquisitions
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RSA looks to Aviva and ERS for new broker-facing execs
Regan Shaw and Michelle Taylor join insurer’s strategic account team
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Aston Scott becomes chartered insurance broker
Chief executive Heidi Carslaw ‘very proud’ of new status
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Direct Line to be hit hardest by floods – analysts
Canaccord Genuity predicts 19% earnings-per-share cut for insurer
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Innovation Broking hires two directors and opens London office
Start-up broker looks to Stackhouse Poland and Gallagher for new directors