All articles by Mark Richardson – Page 2
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Agenda
Litmus unveils insurer ratings ‘how to’ guide amid boom in applications
Ratings advisory firm says the increasing number of unrated failures is encouraging more firms to apply for a rating for the first time
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Figures reveal impact of JLT deal in first Marsh results since merger
Marsh owner updates on the amount spent in acquisition costs and integration costs through purchasing JLT
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Irish leisure market’s insurance crisis with jobs threatened. Is UK next?
Brokers give their views on the challenges faced by the UK leisure insurance sector and how they compare to those in Ireland
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MGA transferred LAMP customers to unrated Gibraltar insurer over rated alternative
Now4cover chief executive Michael Muzio explains why the unrated option was the better choice in this case
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Ex-CEO Asplin ordered to pay £5.3m for DAS fraud
DAS will receive around £8.3m in compensation from Asplin and the other two defendants found guilty of defrauding the firm at last year’s trial
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Agenda
Insolvent motor broker directors under investigation as XL Catlin legal case stayed
Administrator has been investigating the conduct of directors and has submitted a report to government department
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Asplin in court facing huge fraud payout, but objects to compensating DAS
Figure put by prosecutors at confiscation hearing on how much former DAS chief executive Paul Asplin benefitted from defrauding his ex-employer
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What counts as unfair pricing? FCA reveals all
FCA opens up on process it will use to determine what is unfair pricing
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Revealed: The hundreds of millions at stake as Gefion deals with multiple blows
As Gefion handles its solvency ratio getting reduced to 86%, Insurance Times analyses its UK market exposure
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Lawyers claim victory on Ogden rate change
Personal injury lawyers say the change to -0.25% ensures injured people receive a fair amount of compensation
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Online only
‘Greatly disappointed’ - Insurer blow as government surprises on Ogden rate change
Insurers say the new discount rate announced today will lead to higher costs
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Agenda
Revealed: The vast sums property agents can earn through Gallagher-owned firm’s captive set-ups
An Insurance Times investigation finds property agents are turning to captive set-ups to make large profits on underwriting, while disclosing smaller commissions
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Danish regulator orders Gefion stop expansion of business as solvency ratio takes further hit
Unrated Gefion must raise capital to restore its solvency ratio and allow it to start expanding again, as regulator inspection finds significant issues in the company’s management system
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News
Norwegian insurer set to lose £6.9m over Grenfell ruling
Protector Forsikring loses case that Munich Re should pick up most of Grenfell cost through reinsurance programme
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Agenda
Brokers scramble for new premium financing amid Gefion crisis
Premium finance providers cautiously accepting new Gefion policies as brokers seek replacement Premium Credit deals
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Bollington reassures brokers of Gefion plan amid Premium Credit axe
Gefion has 45 days to restore its solvency ratio or faces losing Premium Credit as a finance provider on its policies
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Gefion bombshell as major premium finance provider pulls out
Leading premium finance provider announces it will no longer finance policies where Gefion is the underlying carrier
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Brokers hope for quick Amanda Blanc industry return after ‘big loss to Zurich’
Brokers shocked at Amanda Blanc’s resignation from Zurich, and hope she will make a return to the industry soon
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Mass resignations spark Marsh-Hyperion staff poaching legal battle
Court papers have been filed accusing Hyperion of co-ordinating the resignation of 47 employees to either pick up clients or force a sale of certain JLT Specialty divisions
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Agenda
Covéa Insurance eyes broader e-trade offering
As the Insurance Times broker e-trading survey identifies a weakness in breadth of cover, Covéa launches a new commercial combined product