Latest News – Page 964
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Validus launches portal to cut costs of subrogated claims
New cloud-based platform can manage claims between insurers whether or not a bilateral agreement is in place
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Ecclesiastical withdraws from non-charity care home market
Decision to not write new business or invite renewals is ‘body blow’ to care industry, brokers say
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Adrian Brown: RSA can 'draw a line' under Ireland
UK and Western Europe chief exec sorry but not surprised by Simon Lee’s resignation
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Gallagher promotes Tim Devine to head up education practice
Devine will replace Peter Bristow who is leaving the business
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FCA to consider introducing cheaper call rates for insurance helplines
The regulator said it does not believe ‘it’s fair for insurers to profit from people making a complaint’
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Solvency II: insurers must act now to get ready for implementation
Smaller firms may also have slipped further behind their bigger rivals
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FCA fines Porta Verde £25,000 for insurance mis-selling
Two appointed representatives used high-pressure sales tactics on vulnerable customers
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More than half of Brits contacted by a CMC to make a claim
And some genuine accident victims are being contacted on a daily basis to be encouraged to make a claim
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RSA to pay Lee £824k in next 12 months
Broken up into monthly instalments, payments will be reduced or stopped if Lee gets a new job
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RSA share price crashes 17% to 81.60p
RSA’s slump is the biggest of the FTSE 100 this morning after its shares closed at 99.70p yesterday
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UK brokers rally round to support RSA
Oval, Bluefin, Jelf and Brokerbility all stress their support for troubled insurance group
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Big fall in RSA shares will trigger a bid - analysts
Shore Capital director Eamonn Flanagan predicts that dividend is likely to be materially weakened
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Comparethemarket owner BGL posts flat profits at £88m
BGL plans to double profits with five-year strategy that included planned business investments
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Disciplinary danger for small brokers failing to prepare for FCA assessments
Branko Bjelobaba says firms must accept that to do compliance well will be time consuming
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L&G and Catalina bid just £60m for Co-op insurance
Reported bid is a tenth of Co-op’s original £600m asking price
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RSA shares slip below £1
Insurer worth £1.12bn less than a month ago following two profit warnings
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2014 an energy insurance buyers' market, Marsh
Absence of major windstorm loss in Gulf of Mexico has left market in good shape
