Latest News – Page 859
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NewsFraud Report: Disease claims are the fastest growing fraud
Results of the second annual Insurance Times Fraud Survey
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NewsAXA completes merger of direct and brokered claims functions
Insurer unveils management structure of combined division
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NewsTowergate unsecured bonds now as risky as Greek debt
Moody’s downgraded broker’s debt to ‘poor standing’ rating today
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NewsHouse of Lords issues call for evidence on Insurance Bill
Those with interest n the bill have until 27 November to submit views
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NewsTowergate bond price crashes as investors fear debt write off
Holders of unsecured bonds ‘running for the hills’
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NewsPool Re members agree to let Treasury take 50% share of scheme’s premium
Insurers voted unanimously in favour of changes after Pool Re won concessions from government
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Online onlyRevealed: The secretive hedge fund targeting Quindell
Reports emerge of Cayman Islands-based companies used to short troubled insurance outsourcer
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NewsMoody’s downgrades Towergate to 'very high credit risk'
Ratings placed on review for a further downgrade
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NewsMark Cliff quits Ageas to become Brightside executive chairman
Leaving Ageas ‘the toughest decision of my life’
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News
China Re launches standalone Lloyd's syndicate
First time that a Chinese-owned company has established a Lloyd’s syndicate
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Insurers too slow at taking new products to market
New survey also found that 78% of insurers need to be more dynamic
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NewsTesco Bank extends home insurance underwriting panel
Legal and General joins Tesco Underwriting, RSA, AXA and Towergate
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NewsLloyd’s broker hires Towergate Underwriting sales head to run new MGA
Tony Lawrence to head up Imperium Insurance, which will serve brokers that are overlooked by bigger firms
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NewsPeter Cullum and Andy Homer plotting bid for Towergate
Founder and former chief executive appoint Fenchurch Advisory for MBO
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NewsMotor insurers to post 108.2% COR in 2014 - EY
Accounting firm expects rate rises of 2% next year but says this will not restore profitability
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NewsFitch downgrades Towergate to B- over potential cash shortage
Rating agency also downgrades broker’s bonds to BB- and CCC+
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NewsQuindell denies plans to sell shares in National Accident Repair
The outsourcing giant acquired a 25.3% stake in NARS in September 2013
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NewsMarsh hires from Aon and Willis to expand Scottish operations
The appointments follow the acquisition of Aberdeen-based broker Central Insurance Services
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NewsRow over insurance scam led to North Yorkshire bomb hoax
Shamsul Islam accused staff at brother’s pizza shop of receiving bomb parts after they refused to help with scam
