All articles by Newsdesk – Page 15
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News
Judge throws out ‘fundamentally dishonest’ £50k claim against AXA
Judge finds that accident involving insurer’s customer was staged
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AA launches underwriting division as it targets 250,000 policies
AA Underwriting Insurance will expand from new telephone business to online and aggregator sites
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Beazley chief exec Andrew Horton to take break in March and April
Chief underwriting officer Neil Maidment will serve as acting chief executive
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Beazley profits up by 8.4% as demand for cyber cover grows
Insurer is planning to return head office to London to increase operational efficiency of group
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Gibraltar insurer Enterprise missed SII capital deadline
But chief executive insists the company will meet requirements in three to six months
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83% of UK insurers keen on setting up own aggregator sites
Accenture study found that aggregators in the UK account for 60-70% of new business in private motor
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‘Misleading’ Gocompare ad pulled after complaint from rival
Confused.com challenged Gocompare’s ‘over 40 million customers’ claim
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Agenda
Virgin Galactic founder leads special report on innovation in insurance
ID2016 special report launched ahead of landmark Insurance Times event in April
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Aviva’s James Barnard joins Towergate as change director
Barnard to report to chief operating officer Adrian Brown
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LV= Broker enhances ABC Home offering
LV= says offering provides flexibility on cover so that brokers can meet specific needs of customers
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Markerstudy to rebrand Chaucer Direct as Geoffrey Insurance Services
New name is a homage to poet Geoffrey Chaucer
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PIB hires Bernard Mageean as underwriting and placement head
New broker also announces 18 further hires, including two from Willis
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Swinton hires CDL to replace legacy systems in IT upgrade
The ongoing contract and relationship that Swinton has with SSP will continue for the foreseeable future
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Small claims reform sparks unrated insurer Elite's solicitors’ PI exit
Gibraltar-based firm blames falling rates and increasing fraud for withdrawal
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Canopius UK retail boss Tim Rolfe to depart
March departure ends five-year stint at Lloyd’s insurer
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£15.5m FCA fine highlights brokers’ widening accountability
Biba is also concerned that members will continue to pick up bill from FSCS
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FCA regulation of insurance sector is 'not cost-effective' - MP
Funding model suggests that UK firms are paying for supervision of other non-insurance broker entities - MP Craig Tracey
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Towergate bolsters corporate practice with three hires
Broking group takes executives from Willis, NFU Mutual and BLP Insurance
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Shay Reches has until 2020 to pay £13.1m to failed insurers
FCA will charge 8% interest on late payments