All articles by Newsdesk – Page 142
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News
FSCS steps in to rescue Balva policyholders
It is too early to predict what the implications of the failure might be for levy payers – FSCS
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Andy Fairchild named Broker Network chief exec
Former Footman James managing director takes new role next month
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Only 6% of insurance execs believe Solvency II costs are ‘reasonable’
And 62% felt the preparations are distracting management from running their business
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Willis Insurance UK chief executive David Martin promoted to global leader of placement
Willis Group deputy chief executive Steve Hearn will take on the additional role of head of Willis Insurance UK
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Ecclesiastical looks to Marsh for new broker head
Adrian Saunders will lead insurer’s national broker management as well as its regional London team
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Helios Underwriting buys Dumasco for £2.5m
Deal will increase underwriting capacity by £1.5m
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Admiral in £200m bond issue
Insurer also announces 9% drop in turnover over first six months of 2014
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15% of middle aged travellers fail to disclose medical conditions for travel insurance
Travellers run the risk of invalidating their insurance
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Motor premiums fall for 10th consecutive quarter
Young drivers have benefited most, with year-on-year price cuts of nearly a third
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DLG takes 15% stake in telematics firm The Floow
The Floow will use funds from the deal to improve service offering and expand overseas operations
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Online onlySouthern Rock v Brightside: battle intensifies with further suit and counter-suits
Southern Rock accuses Brightside of failing to validate policies, but broker will hit back with breach of contract claims
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'Ghost broker' jailed for £45,000 scam
Razwan Iqbal sold more than 100 fake motor insurance policies in Leeds and Bradford
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HNW MGA Infinity hires executives from Zurich, Aon and Marsh
Tony Clayton, Shaun Grainger and Mike Staines join Capita-backed agency as business development managers
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Robin Spencer named NN Group international chief exec
Former Aviva UK and Ireland chief executive to join next month
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Ingenie offers £99 policy to young Vauxhall Corsa drivers
Telematics insurer will also offer discounts of up to 100% depending on driving experience
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Rural Insurance to exit Broker Network
Farm insurer promises same service and commission to network members
