Insurance news

• Henderson settles out of court with Bluefin in row over use of confidential information

  11-03-2015 18:48
  Bluefin staff who joined Henderson sparked legal battle
  
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• Asset manager Invesco takes 5% stake in Esure

  11-03-2015 17:30
  Company buys 21.8 million shares after 9% fall in insurer’s stock price
  
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• Chaucer Direct tops customer service ratings

  11-03-2015 17:23
  Motor specialist earns highest insurer rating in consumer satisfaction benchmark
  
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• Man charged following ghost broking probe

  11-03-2015 16:54
  Consultant indicted for 28 separate offences
  
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• Charges follow ghost broking probe

  11-03-2015 16:54
  Consultant indicted for 28 separate offences
  
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• Towergate appoints Wood as CEO of Paymentshield

  11-03-2015 16:46
  
  Former Ecclesiastical UK managing director Steve Wood returns to the insurance industry to join Towergate's executive team.
  
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• Biba to issue Insurance Act guidance at May conference

  11-03-2015 16:38
  
  Chief executive Steve White said the association is working with David Hertzell who was behind legislation.
  
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• Turnover up but profits fall at Transasctor in 2014

  11-03-2015 16:19
  
  Executive chairman Ray Vincent keen to invest for future profits and grow staff numbers.
  
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• PWC insurance tax expert not expecting budget surprises

  11-03-2015 16:04
  
  James Verrinder Postonline
  
  
  PWC's insurance tax leader has told the sector not to expect any major concessions in the Budget on 18 March.
  
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• Towergate names Ecclesiastical's Wood as Paymentshield boss

  11-03-2015 15:52
  
  Callum Brodie Postonline
  
  
  Ecclesiastical UK managing director Steve Wood has quit the insurer to take on the CEO role at Towergate-owned Paymentshield.
  
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• Ecclesiastical’s Steve Wood named new Paymentshield chief executive

  11-03-2015 15:46
  Acting chief executive James Watson will revert to his sales director role
  
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• LV's O'Roarke targets motor reduction to 50% of portfolio

  11-03-2015 13:54
  
  Francesca Nyman Postonline
  
  
  LV is aiming to “reduce its dependence on private motor” with much more of is business concentrated on the home and SME space, according to general insurance managing director John O’Roarke.
  
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• O’Roarke looking to motor growth in 2015

  11-03-2015 13:34
  
  LV chief expects premiums to rise 5-6% in personal motor over 2015.
  
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• Former Policy Shop MD returns to the market

  11-03-2015 13:22
  
  Sean Byrne sets up consultancy designed to help brokers grow.
  
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• Esure tipped to wrestle market share from rivals once rates rise

  11-03-2015 13:01
  
  Callum Brodie Postonline
  
  
  Esure can win customers from “less efficient UK motor insurers” once motor pricing picks up, according to a report by Berenberg, which has backed the insurer's long-term prospects.
  
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• LV “very happy” with 2014 results

  11-03-2015 13:00
  
  CEO admits that second half of the year was “more challenging” than the first.
  
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• Post magazine – 12 March 2015

  11-03-2015 12:56
  
  Post Online Postonline
  
  
  The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
  
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• RSA strikes Amazon cloud computing deal

  11-03-2015 12:46
  
  James Verrinder Postonline
  
  
  RSA has signed a contract with Amazon Web Services to use its cloud computing services across the group.
  
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• Big data tipped to impact insurers' credit ratings

  11-03-2015 12:38
  Katie Marriner Postonline
  
  
  Harnessing big data will be key to insurers' profitability, competitiveness and, in the long term, credit ratings, according to a Fitch Ratings report.
  
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• LV=’s O’Roarke: Competitive tension easing in motor

  11-03-2015 12:32
  Gibraltar players being less aggressive, says insurer’s GI managing director
  
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• Secure Legal Title enters Mexican market through acqusition

  11-03-2015 12:08
  James Verrinder Postonline
  
  
  Secure Legal Title's majority shareholder Armour Group has acquired Mexican insurer Fidelity National Title de Mexico for an undisclosed amount.
  
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• Business as usual at Barbon, says Totty

  11-03-2015 12:05
  
  CEO Martin Totty hopes to invent more products but rules out acquisitions in the short-term, following private equity deal.
  
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• Boss Geddes nets £1.15m from sale of Direct Line shares

  11-03-2015 12:04
  Seven executives sell stakes awarded by former owner under long-term bonus plan
  
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• Blog: Fundamentally for the good

  11-03-2015 12:00
  
  Nick Parsons Postonline
  
  
  Nick Parsons looks at whether or not concerns around section 57 of the Criminal Justice and Courts Bill were justified.
  
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• All Party Group chair pilots mutuals bill through Commons

  11-03-2015 11:17
  
  David Worsfold Postonline
  
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• AXA unveils commercial combined tool for brokers

  11-03-2015 11:16
  
  James Verrinder Postonline
  
  
  AXA commercial lines and personal intermediary has launched a new e-traded commercial combined product, AXA Business Choice.
  
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• Seven law firms selected following NFU legal panel reshuffle

  11-03-2015 11:16
  
  Callum Brodie Postonline
  
  
  NFU Mutual has named a revised seven-strong legal panel to provide its claims and related legal services in England and Wales following a review and tender process.
  
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• Digital edition: Going for growth

  11-03-2015 11:08
  
  Our exclusive digital edition examines the opportunities and pitfalls for brokers over the rest of 2015.
  
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• Shares at Admiral, Esure and Direct Line fall as claims inflation spooks investors

  11-03-2015 10:50
  Claims farming undergoing a revival after adapting to the legal reforms, says Esure boss Stuart Vann
  
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• LV COR improves to record 96.1% in 2014

  11-03-2015 10:38
  
  Operating profit grows 14% to £92m.
  
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• Cheltenham charity bets: Day two

  11-03-2015 10:30
  
  Ladies Day has brought out a host of tipsters in the broking world – but who do they think will be first over the line?
  
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• Axa launches e-traded commercial combined

  11-03-2015 10:11
  
  Product targets clients with turnover of up to £5m.
  
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• No Kwik Fix from sales tactics that catch out a ‘retired demographic’

  11-03-2015 10:00
  
  Readers report ongoing problems with company that already has form in this column Last August my 90-year-old mother-in-law was cold-called by a company- called Kwik Fix and persuaded- to take out a £199 maintenance agreement for her boiler, although she already had one with British Gas. I contacted Kwik Fix in November to cancel and was promised a refund, but it never materialised. Instead, she received a threat of legal action unless she paid a further £137 within the week. CM, Ches
  
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• AXA launches more small commercial combined policies on e-trade

  11-03-2015 09:58
  A dedicated trading team which will respond to 90% of broker referrals immediately and 100% within 30 minutes
  
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• LV posts 'best ever' GI COR despite shrinking motor book

  11-03-2015 09:41
  
  Francesca Nyman Postonline
  
  
  British insurer LV posted a 14% increase in operating profit to £92m (2013: £81m) for the 2014 financial year.
  
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• LV= GI pre-tax profits up 15.6% as it reports lowest ever COR

  11-03-2015 09:30
  Operating profit improvement benefited from prior year reserve releases of £113m (2013: 41m)
  
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• LV= GI pre-tax profits up 15.6% as it records lowest ever COR

  11-03-2015 09:30
  Operating profit improvement partly driven by underwriting result which has benefited from prior year reserve releases of £113m (2013: 41m)
  
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• Wunelli exploring predictive FNOL

  11-03-2015 09:08
  The LexisNexis-owned telematics company has now recorded more than one billion driving miles
  
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• Thistle Insurance small print locks away stolen bikes payout

  11-03-2015 08:00
  
  Even though the two cycles were locked in a store and thieves used power tools to steal them, our claim was turned downI wanted to highlight a case of two separate cycle insurance products that have refused to pay out on the same technicality. One is by Evans Cycles and the other by Cycleguard, though both are provided by Thistle Insurance Services.Thieves recently broke into a “secure” cycle store in an underground car park at my block of flats. Continue reading...
  
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• VIDEO: The Knowledge Live - SME

  11-03-2015 07:27
  The first Knowledge Live of 2015, held in London, looked at the SME market. Watch a video from the event here
  
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