All articles by Newsdesk – Page 185
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Hiscox merges UK and Europe businesses
Move sees a raft of internal promotions including Steve Langan who will head up Hiscox UK and Europe
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London Market consolidation to increase next year - Deloitte
Increasing regulatory burden is making it challenging for smaller brokers to operate
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Underinsured commercial properties leave companies open to huge repair costs
A survey by chartered surveyor Jones Melling found that 90% of commercial properties were underinsured
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RSA risks BBB rating unless it raises equity - analyst
S&P rating could drop two notches within 90 days
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Lark acquires East Sussex broker's book of business
C R Goddard Insurance was a sub broker for Lark
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Markerstudy to cut 120 jobs from BDML
Consultation for all staff at Colchester site ends 20 January
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NewsInga Beale appointed Lloyd's chief executive
Canopius chief executive to take new post in January
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Transactor teams up with i-Wonder for aggregation service
New sites will specialise in niche business lines
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Capacity restrictions force Brightside to cut earnings forecast by 20%
Capacity problems with Banks-led Southern Rock Insurance Company Limited ‘particularly acute’
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RSA facing calls from investors to sell
Canadian and Latin American businesses could also be put up for sale
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Canopius in £596m sale talks
Japanese insurer Sompo could announce acquisition of the Lloyd’s insurer within a week
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Ecclesiastical withdraws from non-charity care home market
Decision to not write new business or invite renewals is ‘body blow’ to care industry, brokers say
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Gallagher promotes Tim Devine to head up education practice
Devine will replace Peter Bristow who is leaving the business
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FCA to consider introducing cheaper call rates for insurance helplines
The regulator said it does not believe ‘it’s fair for insurers to profit from people making a complaint’
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FCA fines Porta Verde £25,000 for insurance mis-selling
Two appointed representatives used high-pressure sales tactics on vulnerable customers
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More than half of Brits contacted by a CMC to make a claim
And some genuine accident victims are being contacted on a daily basis to be encouraged to make a claim
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RSA to pay Lee £824k in next 12 months
Broken up into monthly instalments, payments will be reduced or stopped if Lee gets a new job
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RSA share price crashes 17% to 81.60p
RSA’s slump is the biggest of the FTSE 100 this morning after its shares closed at 99.70p yesterday
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UK brokers rally round to support RSA
Oval, Bluefin, Jelf and Brokerbility all stress their support for troubled insurance group
