Latest News – Page 899
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NewsEx-Oval finance director returns to Gallagher as interim International CFO
Ian Story to replace departing Mark Mugge
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NewsBroker Principal secures £250,000 funding from Yorkshire Bank
It is the first time the broker has sought external funding since it was set up in 2011
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Online onlyQuindell sale negotiations ‘on-going’
Outsourcer is in talks with Australian law firm about the disposal of its legal services division
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Online onlyXL reports record COR for 2014
Combined operating ratio (COR) improves by 4.3 percentage point as lack of catastrophes drives down loss ratio
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Online onlyAllianz mechanic rescues toddler from burning house
Rob Day carried two-year-old to safety after being alerted to the fire while repairing a car for the insurer
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NewsLV= 2014 GWP shrinks as motor income drops by 10%
But total in-force policies grow by 4% to £4.6m in ‘challenging year’
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NewsTowergate chairman defends takeover deal structure
Alastair Lyons to leave broking group this year after hiring new chief executive
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NewsNovae hires new casualty boss from Aspen
Rober Patten will also join the insurer’s executive committee
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NewsRSA makes internal promotion in global specialty business
Steve Slingsby will take on the role of operations and change director
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NewsMotor premiums fall by 4% in 2014 - ABI
But in last quarter of 2014 the average premium was up 1% when compared to same period in 2013
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NewsIFED confirms Angie Rogers as Dave Wood's successor for unit head
Wood had been head of the unit for three years
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Online onlyAllianz selected as Verex motor insurance partner
Insurer will provide claims and underwriting services for vehicle manufacturers and dealers
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Online onlyAgeas to review motor wording after Jesus car sticker row
Insurer argued religious car stickers are modifications that need to be declared
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Online onlyOcto and SAS in telematics partnership
Combined research and development will lead to new products and services
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Online onlyCMA motor probe sparks Keoghs and Innovation Group claims partnership
Captivate will capture non-fault claims and provide a full claims service
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NewsTowergate faces £85m compensation bill for mis-selling financial products
Broker could recover £12m of the compensation payments from insurers
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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
