Latest News – Page 857
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NewsGallagher stops new business with Towergate Underwriting
‘We need to use companies with appropriate financial standing’ – retail chief executive Janice Deakin
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Online onlyAXA Assistance launches total loss product for motor write-off claims
Policy will pay out up to 20% of the underlying motor insurer’s final settlement figure
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Online onlyM&A and consolidation set to increase for managing general agents
Two-fifths of MGAs surveyed are looking to the M&A market for growth over the next three years
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Online onlyHastings reports £51.2m profit for year to date
Customer numbers grow by more than a fifth over the first nine months of 2014
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Online onlyAXA launches policy documents to improve claims transparency
The insurer has published 14 documents for brokers detailing the most common reasons a claim is denied
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Online onlyHomeowners 'struggling to cope' with cost of flood insurance
Some policyholders have seen quotes rise by 80%, while others are finding it difficult to arrange cover
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NewsJLT's Thistle makes raft of hires to replace caravan team lost to Gallagher
New retail and wholesale managing directors appointed
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Online onlyInsurers in victory over legal costs for catastrophic claims
Claimant solicitors will now have the costs they can recover for attending inquests limited under new rules from the Senior Courts Cost Office
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Online onlyFresh blow for Quindell as ex-broker raises cash flow concerns
Canaccord scraps buy recommendation and calls for a financial health check
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NewsNine arrested in £450,000 household claims investigation
Ten local police forces join IFED day of action
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NewsSeventeen Group secures backing from bank to make acquisitions
Clydesdale Bank is “keen” to work closely with brokers that have supportable growth plans
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NewsPRA proposes new accountability regime for insurers’ top executives
New system aims to bring insurers into line with banks
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NewsDavies makes senior hires to support growth
Chief executive Dan Saulter expects underlying profit to more than double to £3m in 2014 after a strong year of winning contracts
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Online onlyTowergate bondholders bring in debt restructuring advisers
Houlihan Lokey and Sullivan & Cromwell are advising Towergate’s unsecured and secured bondholders respectively
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NewsQuindell finance chief walks away from EFH share deal
Laurence Moorse has now effectively sold 200,000 Quindell shares to US lender
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‘Pushing boundaries on commercial products’ helps Acturis reach 12,000 users
Insurance software house says it wants to translate its expertise into personal lines and niche areas
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NewsPool Re still relevant despite levy hike and competition – AM Best
Ratings agency says government’s increased share of premium will not affect scheme’s claims-paying ability
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Biba publishes sharing economy guide
Aon, Bluefin and Towergate are among the brokers listed that offer cover for businesses within the sharing economy
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NewsJames Hallam hires three from CBC to set up real estate team
Managing director Paul Anscombe says insurers are attracted to brokers with specialist units
