Insurance news

• Telford succeeds Rocks in Liberty mangement reshuffle

  26-03-2015 18:22
  Stephanie Denton Postonline Liberty Specialty Markets has announced Alan Telford will succeed Sean Rocks as chief underwriting officer of its commercial division.
  
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• Telford succeeds Rocks in Liberty management reshuffle

  26-03-2015 18:22
  
  Stephanie Denton Postonline Liberty Specialty Markets has announced Alan Telford will succeed Sean Rocks as chief underwriting officer of its commercial division.
  
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• Gallagher takes legal action against David Ross and Mark Mugge

  26-03-2015 17:51
  The broker has also started legal proceedings against Christopher Keey - an adviser on various Gallagher M&As
  
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• Lloyd's supportive of syndicates that expect to turn motor profit

  26-03-2015 17:39
  
  Mairi MacDonald Postonline Lloyd’s motor book produced a calendar year combined ratio of 106.4% (2013: 108.6%) in a market described as competitive by Lloyd’s director of finance, John Parry.
  
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• Gallagher takes David Ross to court

  26-03-2015 17:32
  
  Broker confirms it's taking legal action against former boss Ross, Mark Mugge and Chris Keey.
  
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• Cathedral leads consortia for Germanwings A380 war policy

  26-03-2015 17:25
  
  Katie Marriner Postonline Lancashire-owned Cathedral is leading the consortia on the Lufthansa war policy for the Germanwings Airbus A380 plane that crashed in France on 24 March.
  
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• Cathedral leads consortia for Germanwings A320 war policy

  26-03-2015 17:25
  
  Katie Marriner Postonline Lancashire-owned Cathedral is leading the consortia on the Lufthansa war policy for the Germanwings Airbus A320 plane that crashed in France on 24 March.
  
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• Ghost broker jailed for two years

  26-03-2015 16:57 via insuranceage.co.uk
  
  Businessman sentenced to jail for selling invalid car insurance on Gumtree.
  
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• Ghost broker jailed for selling £65k of invalid car insurance

  26-03-2015 16:43
  Fraudster sold RSA policies on Gumtree, IFED investigation found
  
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• Gumtree ghost broker jailed for two years

  26-03-2015 16:38
  
  Katie Marriner Postonline A car rental firm owner who made £65,000 selling invalid motor insurance was jailed today for two years at the Old Bailey (26 March).
  
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• Money Talks: credit card rejections, BT's latest deals and how to work at the Beano

  26-03-2015 14:15
  
  Plus, Britain’s unhealthiest streets, identity fraud on the rise, and house price inflation dips as overall inflation sinks to zeroHello and welcome to this week’s Money Talks – a roundup of the week’s biggest stories and some things you may have missed. Continue reading...
  
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• FCA to raise fees as funding requirement grows 8.4%

  26-03-2015 13:44 via insuranceage.co.uk
  
  Regulator's annual funding requirement has risen to £481.6m and fees will rise accordingly.
  
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• FCA levy on insurers and brokers to increase by 8.5% in 2015/16

  26-03-2015 13:40
  Funds will cover the cost of the FCA’s regulatory activities as it delivers its next business plan for 2015/16
  
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• Ageas unveils consolidated commercial claims panel

  26-03-2015 13:33
  
  Callum BrodiePostonline Crawford & Company and its recently acquired business GAB Robins are among the big winners following the consolidation of Ageas’ commercial claims panels.
  
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• Brokers welcome FCA’s review of appointed representatives

  26-03-2015 13:12
  
  Industry says attention from the regulator is a positive development and will help increase awareness of the model.
  
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• Aviva eyes Belfast relocation as claims function closes

  26-03-2015 13:08
  
  Callum BrodiePostonline Aviva is to move to a new office development in Belfast after notifying regional brokers of the closure of its claims function a month ahead of schedule.
  
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• FCA funding requirement increases 8.4%

  26-03-2015 13:05
  
  Katie Marriner Postonline The Financial Conduct Authority's annual funding requirement has increased by 8.4% to £446.4m for the year 2015/16.
  
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• Claims Awards 2015: shortlist revealed

  26-03-2015 12:31
  
  Katie Marriner Postonline Today Post is pleased to reveal the shortlist for the 2015 Claims Awards.
  
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• Aviva shareholder questions £5.6bn Friends Life deal

  26-03-2015 12:00
  Philip Meadowcroft is expected to say the deal is based on ‘flimsy foundations’
  
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• Pavey Group acquires Buddens Westinsure

  26-03-2015 11:47
  
  The Buddens Westinsure team will join Pavey Group's Exeter office.
  
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• MedCo in doubt as judicial review launched

  26-03-2015 11:27
  Claimant solicitors and medical reporting organisations have appealed against the introduction of the independent medical reporting portal
  
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• Davies strengthens property team with senior hire

  26-03-2015 11:11
  Steven Knight has been hired as head of response within property solutions business
  
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• Clive Nicholls replaces Greg Gladwell as Crawford UK chief

  26-03-2015 11:05
  GAB’s Mike Jones named UK and Ireland chief operating officer
  
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• Sandy Scott to step down from leading the CII

  26-03-2015 10:46
  
  Chief executive officer to remain in post until March 2016 following 15 years in the role.
  
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• Octo to provide telematics technology to Hastings

  26-03-2015 10:40
  Technology will power Hastings Direct’s SmartMiles offering in three-year deal
  
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• CII CEO Sandy Scott to stand down

  26-03-2015 10:33
  
  James Verrinder Postonline Sandy Scott is to relinquish his role as CEO at the Chartered Insurance Institute.
  
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• Sandy Scott to leave CII

  26-03-2015 10:28
  Chief executive will step down in March next year
  
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• Lloyd’s reports flat £3.2bn profit for 2014

  26-03-2015 10:23
  
  Market’s GWP dips slightly as COR rises.
  
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• Moneysupermarket founder scraps £100m share sale

  26-03-2015 09:49
  Simon Nixon still owns 16.6% stake in the aggregator
  
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• 'Strong' pre-tax profit of £3.2bn for Lloyd's

  26-03-2015 09:30
  
  James Verrinder Postonline Lloyd's has posted a pre-tax profit of £3.2bn for 2014 in what CEO Inga Beale has described as a "strong set of results" for the specialist insurance market.
  
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• CEO Beale hails 'strong' result despite flat Lloyd's profit of £3.2bn

  26-03-2015 09:30
  
  James Verrinder Postonline Lloyd's has posted a pre-tax profit of £3.2bn for 2014 in what CEO Inga Beale has described as a "strong set of results" for the specialist insurance market.
  
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• Beale says 'strong' results as pre-tax profit for Lloyd's remains flat at £3.2bn

  26-03-2015 09:30
  
  James Verrinder Postonline Lloyd's has posted a pre-tax profit of £3.2bn for 2014 in what CEO Inga Beale has described as a "strong set of results" for the specialist insurance market.
  
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• Lloyd's profits flat at £3.2bn

  26-03-2015 09:07
  Motor book improves despite worsening COR
  
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• Insurers face conviction for making customers do criminal records check

  26-03-2015 07:30
  Insurers also risk being hit with an unlimited fine
  
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• Admiral’s Henry Engelhardt gets 1.5% pay rise in 2014

  26-03-2015 07:30
  Company unveils changes to its share incentive scheme
  
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• Admiral’s Henry Engelhardt gets 1.5% pay rise

  26-03-2015 07:30
  Company unveils changes to its share incentive scheme
  
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• CRIF launches enhanced property claims investigation tool

  26-03-2015 07:25
  Sherlock can now validate property type and other aspects of a property claim
  
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