All articles by Newsdesk – Page 23
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News
UK motor reinsurance rates show signs of softening
Loss-free policies got price reductions of up to 10% in January 1 renewals, says Willis Re
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Anthony Baldwin named chief executive of AIG's UK division
Baldwin’s appointment follows the departure of Jacqueline McNamee which was reported in November
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Ex-Towergate Underwriting personal lines boss joins AXA
Nel Mooy has been appointed as head of travel for the insurer’s intermediated and corporate partnership arm
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Premium Credit hires Tom Woolgrove as new chief executive
Former Direct Line personal lines MD to replace Andrew Doman
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Flood damaged car claims could reach £40m
AA warns buyers to beware of dangerous dried-out cars
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Barbican combines services into single brand
Barbican Protect to serve SMEs in UK, Ireland, Channel Islands
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Storm losses seen rising to £3bn
But robust reserve levels and competition for business seen likely to keep rates from rising
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ABI sets out insurer commitments ahead of possible floods over Christmas
The Met Office has warned of heavy rain in the north of England over Christmas Day and Boxing Day and the prospect of more flooding
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Ministers considering cap on compensation fees under CMC review
CMC review is due to be completed by early 2016
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Lost false teeth and nun claiming for habit among DLG’s strangest claims
The insurer has revealed the most unusual claims it has dealt with and the strangest items it has been asked to insure
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RFIB Group broking director Stephen Hirst to retire
Hirst joined RFIB in August 2005 as a board director and managing director of the marine division
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Manchester police warn motorists of 'insurance scam' near mall
Shoppers near Stretford Mall returning to their cars have found notes claiming another car had hit them and for them to call a number
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TEn network to roll out established broker model from January
TEn aims to initially add at least 10 brokers to the network from 2016.
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Loss of Elite motor account pushes NCI profits down 93%
Following a strategy review the group has been rebalancing its revenue and profit generation more equally in its three main business units
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Agenda
Trak Global makes senior hire for claims telematics growth
Nick Street will join the tech firm after eight years at The Cooperative Insurance
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Agenda
Slater & Gordon facing legal action after Quindell purchase
The firm’s share price has slumped since purchasing the professional services arm of the now named Watchstone Group
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Agenda
Aviva Ventures makes first tech start up investment
The venture capital arm of the insurer will pour £2m in to Cocoon Alarm Limited
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Agenda
Four jailed after elaborate crash for cash investigation
Keoghs legal firm acted on part of insurer Direct Line Group for the case
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Agenda
SunLife study finds 10 million homes could be underinsured
Underinsurance is an issue that has long plagued the issue, with the FCA looking to address it in recent thematic reviews
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News
Investment in acquisitions drives fall in Cobra pre-tax profits
But surplus funds from disposals have produced profits of £800,000 in current year and enabled Cobra to reduce bank debt