All articles by Newsdesk – Page 106
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NewsOmbudsman freezes levy for second year running
FOS cuts non-PPI insurance complaint estimate to 31,000
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NewsLloyd’s insurer ProSight signs capacity deals worth £20m
Insurer to underwrite Corgi HomePlan products and back Oliva’s new scheme for UK builders
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NewsBiba launches free legal helpline
Advice line is designed to offer round the clock support for association’s members
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NewsIFB makes key hires to drive forward new fraud fighting strategy
The bureau wants to manage fraud across all product types and build an intelligence-sharing infrastructure
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NewsRural takes six from Towergate-owned BIB
Hires are part of managing general ageny’s plans to become second largest farm insurer within three years
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NewsBrit launches Bermuda sidecar
Versutus will reinsure a share of Brit’s existing worldwide property catastrophe excess of loss portfolio
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NewsAgeas completes sale of life insurance arm for £197m
Sale allows Ageas to continue to focus on non-life business
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NewsSkills shortage at regulator as insurers poach staff
Insurers and bankers are taking staff from PRA to meet growing compliance demands
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Online onlyQuindell in talks over possible sale
The group has entered into “exclusivity arrangements” for talks about the disposal of one of its operating divisions
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Online onlyTowergate bondholders interested in acquiring broker
A debt-for-equity swap has been proposed by a group of secured debt holders
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Online onlyDownward pressure on reinsurance rates continues – Willis Re
Alternative capital and low levels of losses to blame
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Online onlyAdmiral hires new non-executive director
Prudential chief financial officer Penny James will also join the motor insurer’s audit committee
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NewsTowergate December performance hit by delays to insurers deals
Insurers waiting for uncertainties about broker’s future to be resolved
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NewsChange in distribution models drive top home insurers to lose market share
Intensified competition between companies could threaten their future profitability - research firm Timetric
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NewsICO fines plumbing firm £90,000 for boiler insurance nuisance calls
The ICO said that Kwik Fix Plumbers had harassed vulnerable indivisuals
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NewsAXA renews five-year underwriting deal worth £20m with broker Cherish
AXA will exclusively underwrite Cherish’s home (including B&B), second home and buy to let products
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NewsConfused launches new Brian TV and social media ad
The adverts will also introduce new characters called The Herberts
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NewsGadget insurance complaints rise sharply - FOS
FOS found in some cases the terms in the contract had been applied unfairly
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NewsCatlin sells £85m stake in Insurethebox to Japanese insurer
Japanese insurer MS&AD has bought a 75.01% stake in Insurethebox for £105m
