Latest News – Page 763
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This WeekAnalysis: Claims reform like ‘using sledgehammer to crack a nut’
Fraud Charter members hear that latest proposals to limit whiplash claims could drive up insurers’ cost and leave genuine whiplash sufferers without proper court representation
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NewsAviva detects one crash for cash claim every 3 hours
Induced accidents remain close to record levels, but Aviva finds staged accidents sharply lower
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NewsNew broker launched to cater for LGBT community
Emerald Life to offer four products from launch, with travel to follow
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NewsFCA: general insurance complaints dropped 3% in second half
Consumers made 296,505 general insurance complaints in six months to 31 December 2015
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NewsGlobal disasters cost insurers £26bn in 2015
Level is well below £43bn average despite record number of natural catastrophes, according to Swiss Re data
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NewsSaga to pass 75% of its motor risk to Munich Re subsidiary
Three-year quota share deal will lead to capital reduction at Gibraltar-based Acromas Insurance Company
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NewsAviva boss Mark Wilson’s 2015 pay more than doubled to £5.7m
Insurer’s executive directors to get 3% rises in base salary from April
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NewsRSA criticised for limiting vet choice in pet insurance - report
Insurer’s More Than and Tesco policies limit policyholders to 28 approved vets
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NewsJonathan Davey and Max Carruthers team up for new broker portal
Hughub aims to boost broker loyalty by providing better customer service
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NewsSeventeen Group expands Scottish presence with latest purchase
The broker has acquired Annandale Insurance Brokers
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NewsAllianz sells UK employers’ liability run-off book
Deal is first significant UK employers’ liability acquisition for run-off buyer Catalina
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NewsBerkshire Hathaway backs London MGA’s motor fleet foray
Unicorn MGA set up by US broking group AmWINS
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NewsAIG Europe reports flat 2015 profit in tough market
Insurer cuts back in personal accident amid “challenging conditions”
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NewsPet insurers pay out £657m in claims
The more unusual pet insurance claims included a python who needed treatment for anorexia at a cost of £200
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NewsMarketform completes underwriting review
Lloyd’s underwriter says broader strategic review is continuing
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NewsRandall & Quilter buys Rank run-off company
R&Q will amalgamate acquisition into its Capstan consolidation vehicle in Guernsey
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NewsBusinesses pay cyber ransoms, rather than call the police
Ransomware attacks on the rise, but cases reported to the police fall
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NewsInsurers expect profits to slip over next three months
CBI-PwC survey sees profits under pressure from rising costs, low investment returns
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NewsRSA pays new finance boss Scott Egan £1.6m ‘golden hello’
Payments compensate Egan for bonuses he forfeited on leaving Towergate
