All articles by Newsdesk – Page 24
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Rebranded Quindell returns to AIM after £414m investor pay out
The firm will now be known as Watchstone Group
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Wholesale, multinational to be significant business sources - Aviva
But Aviva’s chief distribution officer stressed that chasing premiums would not be part of the insurer’s growth strategy
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Gable enters funding arrangement to meet Solvency II requirements
As a result the insurer says this will reduce its reported profits for 2015 by around £2m
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L&G to underwrite pet insurance from 2016
L&G says offering adds to broad and competitive general insurance product range
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FCA fines broker for misusing client premiums
Vroni O’Brien used inaccurate client money calculations for broker Joint Aviation when she did not understand the rules
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Covéa sees 180% claims volume surge as a result of Storm Desmond
The storm has mainly effected Cumbria and northern UK areas
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Aviva appoint Lindsey Rix as MD amid management reshuffle
Rix is replacing LV= bound Steve Treloar
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Insurers to welcome increased penalties for drivers caught on phones
The industry already increases premiums for mobile phone use more than for drivers caught speeding
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IPT hike causes 10.9% increase in motor premiums
The rise in Insurance Premium Tax has ended year on year drops in premium prices for young drivers
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Claims set to rise as drone police calls rise 2,000%
Many users are unsure of the regulation surrounding the use of drones
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Bought By Many to launch Facebook suggestion service
The social broker hopes to develop the function throughout 2016
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Aviva label whiplash fraud 'national disgrace' after UK's largest scam
Aviva received 5 of the fraudulent claims
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QBE wins contempt of court case worth £500,000
Video evidence showed claimant had exaggerated injuries
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Covéa to launch direct motor proposition in early 2016
The insurer has been planning a direct offering since 2012
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Claims set to increase after controversial fracking vote
Vote was held without parliamentary debate
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Governing bodies agree on EU Data Protection Reforms
The reforms look set to create a Digital Single Market
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Mike Crane to step into LV= Broker MD role in January
Crane’s replacement Euros Jones will join LV= Broker as commercial director in the first quarter of 2016
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Dave Smith joins Lockton as non-exec director
Smith will advise the boards of Lockton and the broker’s managing general agency
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Carlyle firepower will help PIB's aggressive recruitment - McManus
PIB is also continuing with its aggressive recruitment plans
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Covéa revamps private car policy wording
Insurer used behavioural economics to identify reasons why customers avoid reading insurance documents