Latest News – Page 909
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NewsCobra parent Alto to hit acquisition trail after making first profit
Company in due diligence with four brokers with possible deal at end of Q1
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NewsEx-law commissioner joins BLM
Hertzell steps down after playing key role in insurance contract reform
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NewsLloyd’s insurer ProSight signs capacity deals worth £20m
Insurer to underwrite Corgi HomePlan products and back Oliva’s new scheme for UK builders
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NewsBiba launches free legal helpline
Advice line is designed to offer round the clock support for association’s members
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NewsIFB makes key hires to drive forward new fraud fighting strategy
The bureau wants to manage fraud across all product types and build an intelligence-sharing infrastructure
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NewsRural takes six from Towergate-owned BIB
Hires are part of managing general ageny’s plans to become second largest farm insurer within three years
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NewsBrit launches Bermuda sidecar
Versutus will reinsure a share of Brit’s existing worldwide property catastrophe excess of loss portfolio
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NewsAgeas completes sale of life insurance arm for £197m
Sale allows Ageas to continue to focus on non-life business
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NewsSkills shortage at regulator as insurers poach staff
Insurers and bankers are taking staff from PRA to meet growing compliance demands
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AgendaFraud: Cleaning up the supply chain
‘Enablers’ are involved in 10% of Insurance Fraud Bureau cases, but new laws are weeding out poor practices
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Online onlyQuindell in talks over possible sale
The group has entered into “exclusivity arrangements” for talks about the disposal of one of its operating divisions
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Online onlyTowergate bondholders interested in acquiring broker
A debt-for-equity swap has been proposed by a group of secured debt holders
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Online onlyDownward pressure on reinsurance rates continues – Willis Re
Alternative capital and low levels of losses to blame
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Online onlyAdmiral hires new non-executive director
Prudential chief financial officer Penny James will also join the motor insurer’s audit committee
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NewsYear in review
Big deals, shock resignations and litigation. Here are the headlines that set the agenda in 2014
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NewsInsurers cancel policies amid broker client money confusion
Administrators unable to pay insurers do not know if accounts have been reconciled or are in deficit
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NewsJM Glendinning launches new corporate business with second Gallagher hire
Carol Adamson has joined Nigel Wood to help grow book to £1m commission business in four years
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NewsA&A Group returning broking arm to profitability after £4.5m loss
Broker has written more new business in the second half of 2014 than the first six months
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NewsTowergate December performance hit by delays to insurers deals
Insurers waiting for uncertainties about broker’s future to be resolved
