Latest News – Page 776
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NewsQuindell unit buyer ends contract with Swinton
The Professional Services arm bought by Slater and Gordon has been providing services to Swinton since December 2012
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NewsABI tracker reports rise in motor insurance in Q2
Claims portal shows whiplash claims 12% higher in year to April 2015 over 12 months before
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NewsUp to 200 jobs secured by Liberty Insurance in Northern Ireland
Last month Liberty Insurance announced it was making 270 redundancies across Ireland
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NewsRSA completes sale of India joint venture stake
Insurer sold 26% holding to Sundaram Finance for £46m
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NewsNew MGA Pelican enters UK solicitors’ PI market with Munich Re
Munich Re division Great Lakes to provide capacity to newly formed underwriting agency
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Online onlyPolice charge 38 people in Cumbrian ‘crash for cash’ scheme
One is also being charged with connected money laundering
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Online onlyAdmiral launches cover for motor shared economy company
EasyCar Club lets users hire out or rent cars through an app
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NewsTwo senior staff leave Gallagher e-trading unit for new roles
Mitsui and Modus Underwriting are the beneficiaries of the departures
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Online onlyDecline of home and motor premiums is slowing - Biba/Acturis
SME premiums continue to fall, however.
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NewsGallagher broking unit boosts profit by 17% in first half
Broker spent $43.2m on integrating acquisitions
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NewsZurich’s RSA bid – strategic logic questionable, says analyst
Canaccord cites exposure to cyclical UK market and pension liabilities
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NewsWillis raises cost saving target by $25m
Broking group now expects annualised savings of $325m from restructuring plan
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NewsWillis GB organic revenue falls 2.3% in second quarter
Group profit before tax falls 14% in first half and 15% in second quarter
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NewsHome insurance premiums fall in second quarter
ABI warns insurance premium tax rise will increase cost for consumers from November
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NewsLancashire first-half profit falls 10% as specialty ‘indiscipline’ continues
There is evidence that premium decline is slowing
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NewsAny RSA offer will be in cash, says Zurich
Swiss insurer has yet to make a firm offer for its UK-based rival
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NewsJLT confident of 6% organic growth in 2015 despite first-half drop
Company admits it is finding growth difficult in UK regions
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News
Zurich/RSA deal should focus on strengthening specialty offerings
But brokers warn that consolidation based on commoditisation of business would be negative
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NewsFraudster sentenced for faking burglary to make bogus claim to DLG
Brikenjeet Singh tried to con insurer out of £57,000
