Latest News – Page 945
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Data firm Callcredit sold to Chicago-based PE house
GTCR and management to buy ownership stake from existing holder Vitruvian
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Innovation Group to buy loss adjuster LAS for £35m
Acquirer will fund the purchase by issuing new shares
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Floods continue as more rain forecast
Met office issues yellow rain warning for south-west England
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Brightside named insurance provider for RatedPeople.com
Broker to sell commercial insurance to online recommendation service’s roster of trade members
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Brit boosts profit by 20% in ‘excellent’ 2013
Lloyd’s insurer makes £4.4m profit on Simply Business sale but stays silent on IPO plans
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Defence secretary blames insurers for Flood Re exclusions
Flood Re ‘won’t work in the real world’ says Hiscox chief executive
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Insurers battle on in face of raging storms and political pressure
Extra claims handlers drafted in as nearly 6,000 properties flooded – and counting
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AIG to cut 3% of global staff despite profits
Cuts will affect 1,500 staff primarily in the property/casualty unit
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Insurance managers face tougher regulation post banking crisis
Senior staff could be asked to sign personal statements of responsibility for all regulated business
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AM Best affirms Ecclesiastical's ratings despite recent losses
But a positive movement on the ratings is unlikely in the near to medium term
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More than 300,000 accidents staged in past five years - LV=
Females and under-35s targeted by fraudsters as they are less likely to challenge insurance claim
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FSCS levy costs brokers up to 72% of total direct regulation fees
Brokers hit by ‘unfair’ fees to cover PPI mis-selling by secondary intermediaries
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Zurich’s Lewis: Weather losses not enough to push up rates
But insurers are ‘on the edge of their seats’ as bad weather continues
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Police probe after Aviva claims details stolen by staff
Two former members of staff have been released on bail
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Ghost broker who advertised fake car insurance on Gumtree receives suspended jail sentence
Mohammed Samad Ali admitted posting adverts in attempt to get drivers to pay for phoney policies
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Lancashire’s Brindle upbeat despite 5% profit drop
Specialist insurer’s results hit by lower GWP, investment income and reserve releases
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Zurich UK GI profit jumps 53% thanks to lower weather losses
COR improves by four points to 95.8%