Financial Ratings – Page 58
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NewsLexis Nexis launches software development kit for access to telematics exchange
Insurance providers will now be able to plug into the telematics platform and build applications
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NewsWatchstone disposals, closures wipe out losses
Former Quindell said the new slimmed down group sees slightly higher revenues from core businesses
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NewsPreservation Capital completes MGA acquisition
Ascent Underwriting announce that Preservation Capital Partners received FCA approval to complete acquisition
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NewsClyde & Co blasts "inconsistent" civil courts as it pilots new arbitration system
The system will be used to arbitrate large loss personal injury claims from a major UK composite insurer and 12 leading claimant firms
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NewsFailure of a top cloud-service provider could cost US economy $15bn
According to a Lloyd’s and AIR Worldwide report, businesses in the US could lose $15bn if a leading cloud service provider was to experience three days of downtime
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NewsLack of trade credit cover exposed in Carillion fallout
The ABI estimates Carillion trade credit insurance payouts at £31m, but that is a fraction of the losses expected.
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NewsAgeas UK profits to zoom up - analyst
Ageas UK to recover strongly but Ogden revision not factored in
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NewsMotor insurance premiums rise again
In 2017, the average motor premium rose 9% to a record high, according to ABI
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NewsQuindell auditor slapped with hefty fine
Quindell’s auditor has been fined after admitting to misconduct
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NewsBiba calls for zero IPT for young drivers with telematics
In its 2018 manifesto, Biba calls for Insurance Premium Tax to be zero-rated for young drivers with telematics
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NewsMotor premiums heading for £900 – Confused.com/WTW
The latest Confused.com, Willis Towers Watson survey shows premiums are still rising year on year, and are likely to rise further
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NewsCo-op Insurance and IBM in heated £130m dispute over cancelled tech upgrade
IBM pulled out of the £55m contract to upgrade Co-op’s systems last year, following huge delays and a mountain of disputes, court documents show
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NewsErskine Murray buys Essex broker
Erskine Murray has acquired Essex-based Asciak Holdaway Merrit
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NewsECIC urges brokers to help customers in the fallout of Carillion
ECIC says many customers are at risk of financial difficulties, or even failure, because of the Carillion collapse
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NewsInsurer raises £15m for UK motor launch
InsurePal, led by former Direct Line chief operating officer and Lloyd’s veteran, apparently completed the Crowdsale campaign in less than 2 minutes
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NewsBroker Network completes fourth ‘major' regional acquisition
Broker Network completes the purchase of East Anglia-based Saffron, its fourth “regional powerhouse” since October 2016
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NewsDirect Line has 'contingency plans' amid Carillion downfall
Top UK insurer confirms that Carillion, which collapsed into liquidation yesterday, is its facilities manager
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Online only'Underwriting machine' Sabre hailed as share price star
Analysts at Berenberg release glowing report on motor insurer
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NewsMajor UK insurer caught up in Carillion fall out
Troubled Carillion had a high-value contract with a major UK insurer
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Online onlyInsurers urged to act amid new EU tech rules threatening huge disruption
Companies can now get hold of customers’ financial information and build products
