Latest News – Page 838
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NewsTowergate profit drops 24% in 2014
Revenue falls 4% as deals delayed by uncertainty surrounding troubled broker
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NewsSecured creditors win control of Towergate
Deal will cut debt by more than 60% and provide £75m of new funding
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Online onlyCMA under fire for no claims bonus changes
Insurers and brokers have criticised the Competition and Markets Authority at a hearing consulting on the implementation of the new rules
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NewsGresham Underwriting to launch tradesman liability cover
MGA seeking new capacity providers and underwriters as it expands offering
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NewsGeneral insurers best-placed to benefit from growing UK economy
But EY forecasting group warns that competition and overcapacity will put pressure on rates
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NewsS&P extends negative watch on DAS UK as probe overruns
Rating agency could downgrade insurer in next 90 days
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NewsThomas Miller launches law firm
New unit will be an extension of firm’s claims and consultancy business
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NewsInsurers and lawyers invited to register for government whiplash portal
MedCo will be fully operational on 6 April
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NewsClaims provider ALPS pens three-year deal with broker Finch
ALPS will provide legal expenses and guaranteed vehicle hire and FNOL service
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NewsFCA to consider changes to PPI complaints handling rules
Regulator gathering evidence on whether current complaints process is working
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Online onlyJLT announces raft of senior management changes in Asia and UK
UK Employee Benefits, JLT Asia and Thistle all affected by the changes
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Online onlyBanks face mass compensation bill for credit card insurance mis-selling
FCA wants 11 lenders to compensate customers
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NewsEuropean Commission approves Flood Re
UK flood insurance scheme will not unduly distort competition, Commission concludes
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NewsMan sentenced after claiming £30k for faked burglary
Nicholas Warner ordered to pay Lloyds Banking Group £2,778 in compensation after IFED investigation
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NewsClark Thomson buys Willis's Scottish SME unit and joins network
Acquisition set to complete in April 2015
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NewsTrade body and law firm team up to tackle rental vehicle claims fraud
BVRLA and Hill Dickinson launch counter-fraud initiative
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NewsMarkerstudy hires business development manager from Aviva
Darren Prior will focus on developing new affinity opportunities in BDML Connect
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NewsMarkerstudy’s acquired broking firms break even after Capita loss
Growth has been driven by improving systems and strengthening insurer panel
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NewsJelf founder’s total pay fell 26% in 2014
But broker’s other executive directors enjoyed double-digit pay rises after good year
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NewsOne-quarter of parents insure their child’s car in their name
A further 41% said they would consider ‘fronting’ to save money, a Gocompare study says
