Latest News – Page 931
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Online only2 April 2014 Issue
Read a digital version of the 02 April 2014 edition of Insurance Times. Inside: Simon McGinn’s plans to make Allianz number one in commercial; motor reforms a year on; the FCA attacks ‘Hamlet’ contracts; AXA’s push into PI; the continued troubles at Towergate; Top 50 Brokers – who has done ...
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News
Bogus insurance applications jump by 40% – Experian
Insurance fraud was the second biggest riser between 2012 and 2013, compared with other financial products
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Gallagher in £210m Oval deal - reports
Arthur J Gallagher has paid £210m for the goodwill and an undisclosed sum for the net assets of Oval
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Perkins Slade hires ex-RSA director Dan Wilkinson as consultant
Wilkinson will help to develop broker’s business development strategy
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Quindell’s Terry: Debate about telematics mass-market appeal is ‘long over’
Outsourcer working on a UK deal involving 2 million telematics devices
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LV=’s O’Roarke: Commercial insurers have hit the pain barrier
Companies will push for rate rises because reserve releases can no longer bail them out, says insurer GI boss
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Decision on increasing claimant solicitors' fees delayed
Anticipated increase to the fees claimant solicitors can recover could increase claims costs by as much as 20%
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Allied World gets approval for new managing agency
Global insurer to manage its own syndicate from 1 April
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Quindell 2013 profit jumps 202%
Insurance outsourcer boosts EBITDA margin target to 30% after strong year
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LV= GI profit falls 29% after ‘challenging’ 2013
Sharp drop in investment returns offset underwriting improvement
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FCA to probe commercial claims handling
Cover holder conflict of interest review also revealed in regulator’s business plan
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A third of people affected by winter weather don't have flood insurance
37% unwilling to spend anything to protect their homes
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Calls for FCA head to resign after life insurance gaffe
Share prices tumbled after misleading information given to press
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NewsTop 50 broker faces £2.2m of legal claims from clients
If claims are successful, broker expects to recover the bulk of the amount from professional indemnity insurer Griffin Assurance Association
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Legal expenses insurer DAS grows in pre-Laspo rush
ATE policy sales surged ahead of last year’s legal cost reforms
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Cobalt signs second binder agreement with QBE to grow sharia-compliant business
Agreement will creates a $50m (£30.1m) capacity for Cobalt to underwrite sharia-compliant casualty risks
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NewsHiscox’s Masojada tells Lords: Flood Re is a 'sticking plaster for a gaping wound'
Chief executive outlines scheme’s flaws and proposed amendments
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Retailers and wholesalers first on Allianz's UK growth agenda
Insurer wants to be biggest commercial underwriter in five years
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FCA bans and fines fraudulent broker who poses a ‘serious risk’ to customers
Director Philip Eley admitted falsifying no claims bonus documents
