Latest News – Page 774
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NewsAccounts watchdog ends Quindell probe after financials restated
Financial Reporting Council satisfied with firm’s “positive actions”
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NewsQuindell overstated 2013 PSD profits by £145m
Insurance outsourcer would have overstated 2014 PSD profit by £312m under old accounting methods
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NewsPrivate equity firm Odyssey to buy Integro
Deal is expected to be completed in the fourth quarter of 2015
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Online onlyPen secures capacity deal with QIC Europe
QIC will provide capacity for Pen’s solicitors PI products
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NewsAgeas sees return to profit from Tesco Underwriting
Joint ventue with retail giant shows profit despite drop in GWP
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NewsForeign exchange losses depress Novae profit
First half pre-tax profit down 21%, but underlying profit rises 28% and COR improves to 89.8%
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Online onlyTowergate launches regional restructuring
The broker is rebranding a number of its regional management areas
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Online onlyDirect Line share price at record high after strong results
Shares boosted by 49% rise in first half pre-tax profit
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NewsAgeas UK profit up 17% thanks to good weather and commercial lines
But motor COR edges above 100% because of higher claims frequency
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Online onlyDirect Line Group announces cyber product in half year results
Insurer also announced the launch of a professional indemnity cover for Direct Line for Business
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NewsGeddes: Motor pricing still lagging claims inflation
Direct Line Group still expects lower reserve releases than last year despite first-half increase
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Online onlyGallagher confident as FCA probe gathers pace
Gallagher sees benefit in having KPMG compile a report that will be scrutinised by the FCA
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Online onlySterling, Walmsleys launch hand-crafted goods scheme
Niche policy provides cover for growing sector of craft businesses
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NewsBlanc running AXA UK GI was ‘always the plan’ - Evans
Current UK direct head Yves Masson to help insurer implement 2020 strategy
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NewsAXA’s Paul Evans: Insurers face ‘headache’ over soft home rates
Insurer’s home revenues fell 6% in first half because of growing competition
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NewsRegulatory demands drive growth in insurance jobs
Specialists in compliance and risk with 3-7 years experience are in particularly high demand
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Online onlyAXA to overhaul its customer digital experience
Demand for simpler buying processes fuelled the changes, says AXA
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News£206m of Direct Line GWP at risk as Nationwide reviews deal
Building society is one of insurer’s largest partners
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NewsExor sees off AXIS to buy PartnerRe for $6bn
AXIS will receive a $315m break-up fee from PartnerRe as a result of merger agreement being terminated
