Latest News – Page 795
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Online onlyStorm could add 7 points to UK home combined ratio - Fitch
Fitch says insurers can handle Desmond losses but ability to absorb further loses is weakened
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NewsGallagher MGA Pen promotes Gareth Crosbie to claims director
Crosbie joined Pen from Fusion last year
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Agenda
Fidelis Insurance to underwrite in the UK
The insurer is run by former Lancashire chief Richard Brindle
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AgendaEU lawmakers in milestone ruling on cyber security
Insurers and brokers remain unsure on how best to rate and sell cyber
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NewsXchanging's board backs increased CSC takeover bid
CSC’s original offer of 170 pence per share was trumped by Ebix at 175 pence per share
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AgendaRSA to sell entire Russian operations for £5m
The entity, known as Intouch Insurance, accounted for £27m net written premiums in 2014.
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AgendaCunningham Lindsey using drone technology to assess Storm Desmond
Around 3,000 homes have been flooded
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AgendaStorm Desmond: Flood Re on track for April 2016 - McCafferty
The scheme was initially slated for launch in the summer of 2015, but has received several knockbacks
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NewsFOS receiving growing number of complaints about premiums
Some insurers are offering cheap premiums to new customers but longer-standing policyholders see year-on-year increases
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NewsBroker director handed 11-year ban for mis-selling insurance
My Cover’s David Stuart Picton caused company to mis-sell more than 11,000 policies
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NewsRichard King to return to helm of Ingenie
Current chief executive Chris McKee will leave to pursue other interests
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NewsEurope ruling could boost holiday pay for millions of staff
Landmark ruling could mean firms face higher costs
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NewsAviva to invest £100m in technology start-ups
Insurer launches Aviva Ventures venture capital arm
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NewsStorm Desmond could cost insurers £325m
Total cost of damages could be £400m to £500m, PwC insurance head predicts
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NewsAdmiral ‘most exposed’ to bodily injury claims cost rise - analyst
Macquarie expects insurer to be hit hardest because it underwrites a greater proportion of younger drivers
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NewsAndrew Tunnicliffe replaces Jim Herbert as Aon UK broking chief
Herbert promoted to EMEA chief development officer
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NewsDirect Line deploys ERNIE to aid Storm Desmond victims
Insurer sends specialist Land Rover to contact hard-to-reach customers in flooded areas
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NewsInvestment in flood defences must increase - PwC
Defences in some areas of UK were unable to overcome Storm Desmond despite being built or upgraded in recent years
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NewsStorm Desmond drives four-fold increase in customer calls to Allianz
AXA has put in extra staff in claims centres to deal with surge as industry braces itself for more rain
