Latest News – Page 978
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RSA dogged by 'considerable uncertainties' as share price plummets
Shares fell 12.7% yesterday as market responds to profit warning
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Online onlyRTA settlements have almost doubled since portal launch
Average damages have increased by 12% over 2013
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RSA: UK unaffected by problems in Ireland
Irregularities that led to £70m profit warning became clear late last week
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Allianz’s Dye: insurers still accepting commercial CORs above 100%
Insurer achieved average commercial rate rises of 5.5% and expects £3m St Jude hit
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Allianz UK reports ‘tremendous’ 12% year-to-date profit rise
But chief executive Jon Dye warns of waning appetite for rate rises
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Bluefin hires new personal lines managing director
Jon Walker will also be responsible for managing the Bromley and Leeds operations
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RSA share price crashes 17% in 15 minutes
Cut operating profit forecast by £70m after finding problems in Ireland
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NewsAon wins two major FTSE accounts
Insurance Times learns that megabroker fought off competition from rivals to win prized accounts
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UK motor growth helps Catlin boost casualty GWP by 19%
Lloyd’s insurer’s total GWP rises 8% in year to date
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Riot Act review recommends insurer compensation cap
State should be liable for payouts to businesses with under £2m turnover, Kingham says
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Competition pushes Admiral Q3 UK motor turnover down 12%
Motor insurer reports ‘disturbing’ drop in other revenue per vehicle
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Regulators probe RSA after second profit warning
Ireland chief executive suspended after claims and finance ‘issues’ discovered
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Online onlyRevealed: The FCA’s next thematic reviews
The regulator is considering probing several more parts of the industry, according to general insurance head Simon Green
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Former Lloyds finance chief joins Broker Network
Stacey Zaczkiewicz was also group finance director at UK General Insurance Group
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Business exits cut Novae GWP by 5%
Drop caused by planned withdrawal from engineering and motor reinsurance
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EL and PL portal claims soar in second month
But 36% are still exiting without a settlement
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Legal reforms eat into Allianz UK’s Q3 GWP
Operating profit dips despite COR improvement, according to group results
