Insurance news

• AIG posts first quarter income rise

  01-05-2015 17:50
  
  James Verrinder Postonline AIG has reported a rise in net income in first quarter results for the opening three months of 2015, compared to the same period in 2014.
  
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• Brightside tipped to lead the hunt for Autonet

  01-05-2015 17:03 via insuranceage.co.uk
  
  Bristol-based broker linked with van specialist.
  
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• Market moves: Busy, busy brokers

  01-05-2015 16:56
  
  In what will certainly be one of the biggest moves of the year former Bluefin executive chairman Stuart Reid left the broker to take over as CEO of Arthur J Gallagher International’s UK retail business. Mike Bruce who was Bluefin’s chief executive also left the business with Robert Organ stepping across from Axa to take up the post. Elsewhere David Gordon became CEO of JLT group’s specie, fine art and jewellery division while Seth Peller replaced him in the same role at Willis. Kevin Robe
  
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• Brokers disquiet over FCA fees hike

  01-05-2015 16:27 via insuranceage.co.uk
  
  Regulator proposes 8.4% increase in fees but brokers question if rise is justified
  
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• Operating income drops 7% in Aon’s broking division

  01-05-2015 16:00 via insuranceage.co.uk
  
  Unit saw revenues decrease in the first three months of 2015.
  
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• Towergate refinancing deal finally complete

  01-05-2015 15:55 via insuranceage.co.uk
  
  Broker works to rebuild trust after closing the deal with unsecured creditors
  
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• Industry welcomes Gallagher appointment

  01-05-2015 15:31 via insuranceage.co.uk
  
  Stuart Reid brings experience of integrating acquisitions to new role at Arthur J Gallagher, say brokers
  
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• Outsourcing back on the agenda

  01-05-2015 14:42
  
  The debate over outsourcing is cyclical, but this time round it could be different, explains Derek Coles
  
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• Impractical purity or uncomfortably rigorous transparency?

  01-05-2015 14:40
  
  Delegation needs to be acknowledged and discussed, says Sian Fisher
  
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• The cost of distribution

  01-05-2015 14:34 via insuranceage.co.uk
  
  Tony Cornell asks if clients are getting value for money from increased commission levels?
  
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• Profile: Turning the e-trading tide

  01-05-2015 14:30 via insuranceage.co.uk
  
  An avid sailor and champion of all things digital, the career of NIG’s director of e-trade Jaime Swindle has tracked the rise of e-trading
  
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• In-depth: Specialist knowledge

  01-05-2015 14:30 via insuranceage.co.uk
  
  Insurance Age takes a look across the spectrum of specialist lines. From developments around the green economy, through the challenges posed by the sharing market, to the opportunities in management liability insurance we analyse how brokers can differentiate and grow through specialisation with their insurer partners.
  
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• Blog: Insurers, I feel your pain...

  01-05-2015 14:28
  
  James Verrinder Postonline Up until a couple of weeks ago, if someone were to go through my mobile phone they would find that the most text messages I get are from Dominos pizza about a multitude of special offers.
  
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• Sentiment survey May 2015: A world of change

  01-05-2015 14:25 via insuranceage.co.uk
  
  As Britain looks forward to possible change brought by the 2015 election, whether by means of a new leading party, a new coalition or simply new policies, I began to consider which views expressed by brokers in the Sentiment Survey are changing and which appear to stay constant.
  
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• Aon broking unit suffers 7% operating profit drop in Q1

  01-05-2015 13:11
  Division achieves 3% organic growth but revenues drop 5% as exchange rates bite
  
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• UK Broker Awards: Winning was an accolade for the whole office

  01-05-2015 12:58 via insuranceage.co.uk
  
  Bluefin’s Matthew Weeks says winning the Young Broker of the Year award has helped him in his career.
  
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• XL Catlin company name to be launched as protracted takeover is concluded

  01-05-2015 12:56
  
  Callum BrodiePostonline The takeover of Catlin by XL will result in the combined entity being marketed as XL Catlin as part of a global advertising campaign to be launched next week.
  
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• Broking success: Customer centric

  01-05-2015 12:40 via insuranceage.co.uk
  
  After a management buyout and a radical restructure, group managing director Chris Patterson explains why the outlook is bright for Bollington Insurance Brokers
  
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• Editor's letter - May 2015

  01-05-2015 12:16 via insuranceage.co.uk
  
  “At a time of 0% inflation how is an 8.4% rise justified? Are you 8.4% more in need of regulation than you were this time last year?”
  
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• Blog; The need for partnerships

  01-05-2015 12:11
  
  Vivienne Williams and Mark Gilbert Postonline BLM partner and head of claims solutions, Vivienne Williams, and Cunningham Lindsey client partnerships director, Mark Gilbert, have brought the two organisations together to launch Profecta, a service for corporate and professional indemnity claims. They tell us why the industry is ripe for innovation.
  
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• Catlin delists from stock exchange as XL takeover takes effect

  01-05-2015 11:39
  Money to transfer to shareholders on 15 May
  
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• Ageas makes senior hires to support commercial lines expansion

  01-05-2015 11:33
  Ageas is targeting organic growth in UK commercial lines, with a focus on SME and fleet
  
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• Quiz of the week - 1 May 2015

  01-05-2015 11:30
  
  Post Online Postonline How much do you know about insurance developments in the last seven days?
  
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• Insurers failing to deliver multi-channel customer service, study finds

  01-05-2015 11:29
  
  Callum BrodiePostonline UK insurers are failing to deliver multi-channel customer service and are answering just 40% of routine questions asked via the web, email and Twitter, according to the 2015 Eptica multichannel customer experience study.
  
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• Former LV employee arrested on fraud suspicions

  01-05-2015 11:27
  
  Action follows suspicions around payments in exchange for unlawfully passing on information about third party road traffic collision victims.
  
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• Three arrested for suspected fraudulent sale of LV customer data

  01-05-2015 11:05
  
  Katie Marriner Postonline Three people across Bournemouth and Poole have been arrested following an Insurance Fraud Enforcement Department investigation into the suspected fraudulent sale of LV's confidential customer information.
  
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• Three ex-LV employees arrested for suspected fraudulent

  01-05-2015 11:05
  
  Katie Marriner Postonline Three people across Bournemouth and Poole have been arrested following an Insurance Fraud Enforcement Department investigation into the suspected fraudulent sale of LV's confidential customer information.
  
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• Ex-LV employee among three arrested for suspected fraudulent

  01-05-2015 11:05
  
  Katie Marriner Postonline Three people across Bournemouth and Poole have been arrested following an Insurance Fraud Enforcement Department investigation into the suspected fraudulent sale of LV's confidential customer information.
  
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• Ex-LV= employee arrested on suspicion of selling data to CMC

  01-05-2015 10:56
  Two CMC employees also arrested following IFED investigation
  
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• Ex-LV= employee arrested on suspicion of selling customer details to CMC

  01-05-2015 10:56
  Two CMC employees also arrested following IFED investigation
  
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• David Perry departs from Towergate

  01-05-2015 10:51
  
  James Verrinder Postonline Former Warren Hill managing director David Perry has left Towergate, where he was most recently migration programme director.
  
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• ABI tracker sees 2% dip in motor premiums

  01-05-2015 10:39
  
  Katie Marriner Postonline The average price paid for private comprehensive motor insurance fell 2% from Q4 2014 to £360 in the first quarter of 2015, according to the Association of British Insurers' quarterly premium tracker.
  
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• Stackhouse Poland buys Cheam Insurance Brokers

  01-05-2015 10:24 via insuranceage.co.uk
  
  The group will have a combined GWP over £100m.
  
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• Insurers sold write-off cars to couple who committed crime

  01-05-2015 10:20
  Car fraudulently sold was later involved in triple fatal road crash.
  
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• Scheme of arrangement for XL's takeover of Catlin becomes effective

  01-05-2015 09:42
  Callum BrodiePostonline The scheme of arrangement under section 99 of the Companies Act 1981 pursuant to which XL Group has acquired the entire issued and to be issued share capital of Catlin Group has become effective.
  
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• Stackhouse Poland powers past £100m GWP with latest broker buy

  01-05-2015 09:41
  Private equity-backed Stackhouse Poland flexes muscles with high net worth buy
  
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• Commercial insurers lagging behind personal lines on sales calls

  01-05-2015 09:30
  Personal lines insurers outperforming commercial lines insurers in call centre performance
  
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• TSB sell-off dents Lloyds profits

  01-05-2015 09:24
  
  Bank takes £745m hit on branch sale but shares rise after announcement of no further provision for PPI compensationLloyds Banking Group has taken a £745m hit from its TSB branch network, denting profits at the bailed-out bank in the first three months of the year.Lloyds was forced to sell off the 631-branch network under terms agreed with the EU before its 2008 taxpayer bailout. The government originally took a 43% stake in Lloyds but this has now fallen to 20.95% through a series of shar
  
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