All articles by Newsdesk – Page 127
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News
UK insurers’ claims bill jumped by £1.5bn in 2013
But claims ratio improved after £3.4m growth in gross written premium, according to new ABI statistics
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NewsGallagher bolsters personal lines leadership team with internal hires
Simon Pearce (pictured) and Andy Tedstone join Gallagher Insurance Solutions
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Gable directors buy more shares in company
Unrated insurer’s finance director and non-executive director boost their stakes
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AA to publish first results as listed company tomorrow
Breakdown recovery firm and insurance broker has boosted its share price since June float
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NewsInsurers and brokers escape blame in FOS complaints league
Add-on products “often sold by companies outside of the industry” appeared high in the league table - FOS
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Hiscox Re: Poor contract wordings a ‘claims time-bomb’
Including previously excluded risks could spark ‘a torrent of future litigation’
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Online onlyScotland vote "No" to independence
Scottish voters decide to stay part of the United Kingdom
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NewsApplication fraud is costing the motor insurance industry £2.8bn – SSP
SSP estimates that brokers alone are leaving themselves exposed to £1.4bn of lost premiums
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Broker Integro bolsters film and TV team with new hires
Appointments for plan to expand film and TV team in the UK and North America
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Investment in claims boosts Romero profits by 23.2%
Growth has also been driven by focus on staff and client retention
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ECJ ruling on VAT could cost UK insurers ‘hundreds of millions’
Services supplied between a group’s headquarters and branches could now be taxed
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Touchstone to launch e-traded commercial property owners product
Product is first to be launched on underwriting agency’s new e-trading platform
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ASOS Barnsley fire could cost fashion retailer £30m
June fire ate into company’s quarterly sales
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500 fraudulent motor applications a day – ABI
Industry detected more than 180,000 false applications in 2013, says trade body
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Brit launches cyber cover for infrastructure and machinery
Policy offers coverage limits of up to £154m
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Covéa makes internal appointment for head of real estate
Chris Withers will also continue as head of distribution for commercial lines
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Biba sets up working group to develop code
Voluntary code and guidance will be based on FCA’s principles and CII’s code of ethics
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Clear Group executive director Simon Taylor joins Gallagher
Taylor has been appointed as sales director of Gallagher’s UK MGA division
