Insurance news

• Allianz UK on track to hit £3bn GWP by 2018, says Dye

  27-02-2015 16:05
  
  CEO Jon Dye says insurer is growing in line with group aims.
  
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• 5 things we didn't know this time last week

  27-02-2015 16:02
  
  Stephanie Denton Postonline
  
  
  It's been a busy week in the news with Towergate and Gallagher swapping staff and insurers puffing out their chests to reveal their results so you might be forgiven for missing other news that has happened this week.
  
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• Ambant to extend MGA offering following Heritage investment

  27-02-2015 15:48
  
  Callum Brodie Postonline
  
  
  Guernsey-based Heritage Group has acquired a 33% stake in managing general agent launch specialist Ambant Underwriting Services.
  
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• Prosight authorised to launch managing agency at Lloyd's

  27-02-2015 14:23
  
  Callum Brodie Postonline
  
  
  Prosight Specialty Insurance has received final authorisation from Lloyd’s, the Prudential Regulation Authority and the Financial Conduct Authority for its own Lloyd’s managing agent to manage Prosight’s Syndicate 1110 at Lloyd’s.
  
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• Gallagher's national development director latest to exit

  27-02-2015 14:10
  Andy Smallwood has resigned after three years at the broker
  
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• Laspo 'unwinding' will impact motor rates, claims Dye

  27-02-2015 14:04
  Francesca Nyman Postonline
  
  
  The long-term success of the Legal Aid, Sentencing and Punishment of Offenders Act 2012 could be in doubt, with signs showing an “unwinding” of the reforms designed to tackle motor claims inflation, according to Allianz UK CEO Jon Dye.
  
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• Lloyds Bank GI profits hit by early 2014 storm claims

  27-02-2015 13:59
  
  Callum Brodie Postonline
  
  
  The impact of storm claims in the first quarter of 2014 and the continued run-off of legacy books resulted in Lloyds Banking Group posting a £41m drop in underlying profit for its general insurance business last year.
  
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• Flat premiums a challenge for brokers

  27-02-2015 13:59
  
  Statistics from Acturis show that 2014 must have been a tough year.
  
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• Colin Marshall resigns as CEO of Besso

  27-02-2015 13:31
  
  Marshall to remain with Lloyd's broker until June.
  
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• Allianz UK hiked motor reserves in Q4 because of rising claims frequency

  27-02-2015 12:30
  Insurer close to announcing two ‘significant’ corporate partnerships, says  chief executive Jon Dye
  
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• Vizion names NFU Mutual as approved repair network manager

  27-02-2015 12:11
  
  James Verrinder Postonline
  
  
  Rural insurer NFU Mutual has been selected as Vizion's approved repairer network manager for the next three years.
  
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• NFU Mutual names Vizion as approved repair network manager

  27-02-2015 12:11
  
  James Verrinder Postonline
  
  
  Rural insurer NFU Mutual has selected Vizion as its approved repairer network manager for the next three years.
  
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• Blog: Noise-induced hearing loss

  27-02-2015 12:00
  
  Ian Hollingworth Postonline
  
  
  Ian Hollingworth of ECIC looks at the reasons behind the recent explosion in deafness claims and asks how the industry should best respond.
  
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• Profits down at Allianz UK despite 12% increase in 2014 GWP

  27-02-2015 11:38
  
  James Verrinder Postonline
  
  
  Allianz UK CEO Jon Dye has heralded his firm's 2014 results as being "well ahead of our expectation", despite seeing operating profit before tax fall and the retail business suffer an underwriting loss.
  
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• Alps enhances legal expenses cover

  27-02-2015 11:24
  
  Policy now includes legal assistance following defamation on social media sites.
  
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• MGA Century opens Chelmsford office

  27-02-2015 11:19
  
  Katie Marriner Postonline
  
  
  Managing general agent Century Underwriting has opened a Chelmsford office alongside the transfer of its policy administration in house.
  
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• Cold-calling and claims regulation on taskforce agenda

  27-02-2015 11:07
  
  Katie Marriner Postonline
  
  
  Cold-calling and the regulation of the claims sector are two further areas to come under the microscope of the government fraud taskforce.
  
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• FM Global reports 79.4% COR for 2014

  27-02-2015 10:51
  
  Katie Marriner Postonline
  
  
  FM Global reported a combined ratio of 79.4% in 2014 alongside a 2% increase in net premiums to $3.6bn (£2.3bn).
  
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• Pre-tax profits drop at Allianz UK in 2014

  27-02-2015 10:20 via insuranceage.co.uk
  
  Provider sees COR widen as GWP rises.
  
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• Going for growth digital edition: Ageas

  27-02-2015 10:00 via insuranceage.co.uk
  
  Allison Hughes, business development manager – commercial e-trade, Ageas, gives a flavour of what to expect from the insurer’s commercial proposition in 2015.
  
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• Allianz UK profit ‘exceeded plan’ in 2014 despite 16% drop

  27-02-2015 10:00
  Personal lines pushed into underwriting loss by investment and set-up costs
  
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• Quindell review "taking longer than originally anticipated"

  27-02-2015 09:54
  
  James Verrinder Postonline
  
  
  Quindell has told investors that an independent review into its main accounting policies, certain strategic decisions and cash generation policies for 2015 is taking longer than originally thought.
  
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• RSA’s shares drop 5% as results fail to impress investors

  27-02-2015 09:50
  Mixed reviews from analysts despite return to proftis and dividend
  
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• RSA’s share drop 5% as results fail to impress investors

  27-02-2015 09:50
  Mixed reviews from analysts despite return to proftis and dividend
  
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• Insurance fraudsters given community orders

  27-02-2015 09:28
  
  James Verrinder Postonline
  
  
  A married couple have been given community orders and a legal curfew after pleading guilty to two counts of false representation in an attempt to con insurers RSA and Legal and General.
  
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• Quindell shares fall 6% as results of accounting probe are delayed

  27-02-2015 09:27
  PWC report will be completed in next few weeks, rather than at the end of this month
  
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• Quindell shares fall 6% as accounting probe result is delayed

  27-02-2015 09:27
  PwC report will be completed in next few weeks, rather than at the end of this month
  
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• Lloyd's profits hit £256m as it guns for market share with digital investment

  27-02-2015 09:03
  Home insurance giant suffers storm claims causing profits to dip 14%
  
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• Lloyds bank profits hit £256m as it guns for market share with digital investment

  27-02-2015 09:03
  Home insurance giant suffers storm claims causing profits to dip 14%
  
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• Q&A: Allianz Asia-Pacific CEO

  27-02-2015 07:46
  
  Andrew Tjaardstra Postonline
  
  
  Post speaks to Allianz's Asia-Pacific regional CEO George Sartorel.
  
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• Couple sentenced for trying to defraud RSA and L&G

  27-02-2015 07:30
  Husband and wife submitted false claims for stolen valuables, IFED investigation found
  
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