Latest News – Page 929
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News
Gallagher reports Q1 organic growth slowdown
Giles integration costs at high end of estimate range in Q1
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Brightside swoops to take two from Towergate
Chief exec Paul Williams wants to drive up expertise around operational, underwriting and compliance divisions
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Quindell signs record telematics deal with RAC
Joint venture will create new company, Connected Car Solutions, to distribute connected car capabilities
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Gallagher buys Wesfarmers broking business
Group generated A$331.1m revenue in year to 30 June 2013, with 8-10% coming from the UK
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Finance director David Simpson leaves Bollington
Hire of Patrick McDonnell as Simpson’s replacement forms part of broker’s post-management buy-out restructuring plans
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Online onlyProfits exposed: Admiral, DLG and Esure - who is most reliant on reserves and add-ons?
Insurance Times analysis of profits at Admiral, Direct Line Group and Esure reveals a reliance on add-ons and reserve releases. But with these revenue streams making up such an important part of their business, are the profits seen for 2013 sustainable?
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Breaking News
CII reports 22% rise in ethics breaches
Professional Standards Board dealt with 311 non-CPD cases in 2013
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ERIC suspended from paying claims
Policy holders in limbo as the FSCS can’t step in unless insurer officially defaults
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FCA and PRA have ‘poor understanding’ of insurance – survey
Regulators see industry as ‘remote, inaccessible and a little bit stuck in the past’
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Quinn Insurance collapse cost Irish policyholders £54m in 2013
Amount collected from policyholder levy rose 44%, compared with 2012 levels
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Top Esure execs’ 2013 bonuses hit as company misses profit target
Chief executive Stuart Vann and finance head Darren Ogden had substantial pay rises despite missing ‘on target’ bonus
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JLT wins deal for household name client
Contract is a reputational sweetener for JLT’s sales team
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Breaking News
Allianz Retail awarded Chartered Insurer status
Insurer joins group of 27 chartered insurers in the UK
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Ex Kwik Fit boss Brendan Devine unveils Sure Thing!
New broker targets motorists with above-average premium
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Astbury Wren chief exec banned and fined £70,000 for 'misappropriating' premiums
Broker moved £630,909 of client premium to its own accounts
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AIG looks for new UK head as Nicolas Aubert takes EMEA role
American insurer AIG is looking for a new UK head after shaking up its European operations.It has changed the organisation in the EMEA region from 47 countries to eight zones, which will be headquartered in London.The change will see Nicolas Aubert move from the post of managing director of the ...
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News
Transport Select Committee to probe alternative business structures
TSC chair Louise Ellman wants to find out if ABSs are used to side-step the referral fee ban
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