All articles by Newsdesk – Page 76
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Online onlyHigh net worth specialist broker denies Hatton Garden victims claims delay
Earlier reports suggested victims would face delayed payouts, however TH March bosses deny this is the case
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NewsR&Q to buy AstraZeneca-owned captive for £17m
Captive is in run-off and has £22.5m of shareholders’ funds
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NewsBrit to delist next month as Fairfax takeover declared unconditional
Five Brit directors step down following successful offer
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NewsUK motor premium drops by £400m as profitability improves
But industry COR still running at 101% and unlikely to get better, says Deloitte
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NewsJames Hallam in mid-market push with ex-Bluefin hire
Howard Fryer will focus on James Hallam’s existing and prospective larger clients
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NewsAgeas Insurance assigned A- rating from S&P
Full rating follows Ageas’s decision to undertake reviews with ratings agencies after S&P stopped offering unsolicited ‘pi’ ratings
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NewsEx-insurance worker must repay part of £37,000 to Hiscox for bogus claims
Jay Martin Solder has been ordered to repay £37,000 to Hiscox, Columbus Direct and Atlas Direct within 14 days or face 12 months in jail
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NewsFCA probe: SMEs underinsured in fifth of larger claims
In some cases where policy was sold on non-advised basis by insurer or broker sums insured was less than 50% of the required cover
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Online onlyNumber of telematics black boxes climbs 9%
Biba uses results to renew calls for an IPT exemption for young drivers taking out a telematics policy
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NewsCanopius appoints Stuart Davies as group chief executive
He replaces Michael Watson who will remain as chairman
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NewsZurich UK wins asbestos claim court battle with IEG
Insurer will only have to pay 22% of energy firm’s loss, but 100% of its defence costs
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NewsS&P questions Pinnacle’s strategy as losses continue
Rating agency cuts insurer’s rating outlook to negative over concerns about business model
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NewsCovéa UK to launch direct motor proposition this year
Covéa Insurance is planning to launch a direct proposition for its personal lines motor business by the end of this year. The move is a departure for the insurer, which so far has distributed its products solely through brokers and other intermediaries. But Covéa Insurance marketing ...
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NewsGeneral insurance complaints fall 3.6% in 2014/15 – FOS
Buildings and contents and pet and livestock are the most complained about GI products
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NewsFOS blames loss adjusters and contractors for 10% rise in home complaints
Customers frustrated at amount of time and stress involved in coordinating work carried out by third parties on behalf of insurers
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NewsPPI made up two thirds of complaints to FOS in 2014/15
In 2014/15 FOS also answered 1.8 million enquiries and resolved 448,000 cases
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NewsGallagher set to appoint new COO to replace Janice Deakin
Insurance Times understands that Michael Rea has been earmarked for Gallagher International chief operating officer role
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News‘Disabled’ postman jailed after music festival performance
Belangeni Musumbu sentenced for defrauding Esure following IFED investigation
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NewsAllianz’s Dye: Commercial competition rising across the board
Rivals are cutting rates and broadening terms and conditions, says chief executive
