All articles by Newsdesk – Page 166
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Online onlyMasojada: Industry faces ‘PR disaster’ over Flood Re exclusions
Hiscox chief executive proposes claims cap but favours separate solution for small businesses
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Online only
Insurers most likely to offer paid work placements
Placements offered by insurance companies have increased by 1,150% over the last three years
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News
Liiba appoints Willis deputy chief executive as its new chairman
Steve Hearns succeeds Graham Clarke
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Agenda
ABI confirms £11.7m investment in IFED
Police department will use the money to recruit more detectives
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News
CFC launches insurance for not-for-profits
Government cuts mean rising management liability risks, says MGA
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News
Admiral buys Guidewire's policy and billing software
Admiral has signed a deal with Guidewire that it says will let it develop and change its policies faster.It will move its policies and billing operations to Guidewire PolicyCenter and Guidewire BillingCenter.Admiral Group head of IT Charlotte Bennett said: “We were looking for policy and billing systems that would allow ...
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News
Argos owner sets aside £25m for PPI compensation
Argos owner Home Retail Group has set aside £25m to pay compensation for mis-sold payment protection insurance (PPI).It commissioned an independent investigation in response to the FCA’s industry-wide review and will start to pay compensation for the product, which was sold through its financial services arm to Argos and Homebase ...
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News
Swinton makes second acquisition with CH Turner
Broker keen to buy more regional commercial brokers
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News
FCA add-on overhaul ‘could push up premiums’
Brokers and insurers should respond quickly to FCA’s add-on remedies, says accounting firm Moore Stephens
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Gable enters £5m UK surety bond underwriting deal
Liechtenstein-based insurer signs underwriting agreement with Lloyd’s broker Kinetic
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News
Household MGA Plum starts writing mid-net-worth business in Ireland
Plum’s three core products now available from Irish brokers
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ABI: UK flooding and storms to cost insurers £1.1bn
Updated estimate includes £446m of flood claims from 23 December to 28 February
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News
Paymentshield hires Swinton’s Fox as insurer relations director
Appointment follows departure of former insurance relations director Colin Matthews
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Biba: FCA add-on remedies ‘a sensible first step’
But broker trade body adds that price comparison fixes should factor in recent thematic review
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News
Gibraltar insurers face 12% regulatory fee hike
Brokers’ fees will increase by 9% under new FSC proposals
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News
AXA joins UNA broker alliance's insurer panel
AXA says deal is expected to deliver up to £10m GWP over the three-year contract.
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News
Co-op plunges further into chaos after boss quits
Overall boss Euan Sutherland has left the ‘ungovernable’ company
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News
Omnibus II adoption paves way for 2016 Solvency II launch
European Parliament adopts key package of changes, completing the new capital regime
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News
'Clear case’ for FCA intervention in add-on market
Insurers could be forced to publish claims ratios and axe pre-ticked boxes
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News
Esure boosts profit by 6% in its first listed year
Personal lines insurer’s COR improves by 3.1 points to 89.7%
