Insurance news

• Briefing: New concerns for Gallagher amid FCA probe and fine threat

  22-05-2015 23:36
  What does this new regulatory issue mean for Gallagher? 
  
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• Peer-to-peer body to ban institutional ‘cherry-picking’

  22-05-2015 20:12 via ft.com
  Banks and asset managers pouring millions into sector
  
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• Yorkshire deal is cheapest two-year fix

  22-05-2015 20:07 via ft.com
  Lenders breaking records in hunt for customers
  
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• New housing starts rise by 31 per cent

  22-05-2015 20:06 via ft.com
  Housebuilding hits its highest rate since 2007
  
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• Asian manager Pidcock quits Newton

  22-05-2015 20:06 via ft.com
  ‘Rising star’ will start a fund at Jupiter
  
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• Loophole hope for Liberty investors

  22-05-2015 20:05 via ft.com
  Promoter says earlier ruling backs its legal appeal, but sceptics urge taxpayer caution
  
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• Chart that tells a story — deflation

  22-05-2015 20:04 via ft.com
  Who benefits from lower prices in the long run?
  
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• FT Weekend 30: Paul Killik on Sid, stagging and the Big Bang

  22-05-2015 19:21 via ft.com
  Paul Killik recalls an era when shares were the nation’s favourite investment
  
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• Good old days? Thirty years of FT Money

  22-05-2015 19:17 via ft.com
  A dedicated personal finance section first appeared in the FT in 1985 — what have we learnt?
  
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• How can I set up an employer’s pension?

  22-05-2015 19:08 via ft.com
  What are the advantages of saving into a scheme linked to my business?
  
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• Ageas Insurance assigned A- rating from S&P

  22-05-2015 17:03
  Full rating follows Ageas’s decision to undertake reviews with ratings agencies after S&P stopped offering unsolicited ‘pi’ ratings 
  
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• Ex-City insurance employee guilty of fraud

  22-05-2015 16:41 via insuranceage.co.uk
  
  Jay Martin Solder given suspended sentence and ordered to repay £37,000.
  
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• Insurance employee sentenced for bogus claims

  22-05-2015 16:14
  Jay Martin Solder has been ordered to repay £37,000 to Hiscox, Columbus Direct and Atlas Direct within 14 days or face 12 months in jail
  
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• Ex-insurance worker must repay part of £37,000 to Hiscox for bogus claims

  22-05-2015 16:14
  Jay Martin Solder has been ordered to repay £37,000 to Hiscox, Columbus Direct and Atlas Direct within 14 days or face 12 months in jail
  
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• Ex-insurance employee given suspended sentence for fraud

  22-05-2015 16:13
  
  James Verrinder Postonline A former City insurance employee who made six sham insurance claims for designer goods and gadgets has been handed a suspended jail term and ordered to repay tens of thousands of pounds to his victims at the Old Bailey.
  
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• ABI speaks out against FCA survey results

  22-05-2015 15:44
  
  James Verrinder Postonline The Association of British Insurers has hit back against the findings of a report by the Financial Conduct Authority on the relationship between insurers and small and medium enterprises.
  
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• Hatton Garden raid loss unlikely to be known for some time

  22-05-2015 13:51
  
  Francesca NymanPostonline The true scale of the Hatton Garden jewellery raid is unlikely to be known "for some time", according to Cunningham Lindsey's high net worth specialist Simon Willsmer.
  
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• FCA probe: SMEs underinsured in fifth of larger claims

  22-05-2015 13:07
  In some cases where policy was sold on non-advised basis by insurer or broker sums insured was less than 50% of the required cover
  
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• FCA probe: SMEs underinsured in fifth of claims

  22-05-2015 13:07
  In some cases where policy was sold on non-advised basis by insurer or broker sums insured was less than 50% of the required cover
  
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• Social media marketing must be 'authentic', warns Facebook boss

  22-05-2015 13:02
  
  Francesca NymanPostonline Social media can be a valuable marketing tool for businesses but must be reflective of their identity to truly resonate with customers, according to Facebook’s UK head of financial services.
  
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• Taking the plunge

  22-05-2015 12:12 via insuranceage.co.uk
  
  Mark Ward, head of insurance Industry practice at Artesian Solutions, urges the insurance sector to take the digital lead.
  
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• Blog: Uncertain times for insurance NEDs

  22-05-2015 12:00
  
  Tom Bell Postonline These are uncertain times for senior non-executive directors in the insurance sector as the regulator tightens its grip, says Tom Bell of Hardwicke.
  
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• Generali unveils German repositioning

  22-05-2015 11:51
  
  James Verrinder Postonline Generali has embarked on a strategic repositioning of its operations in Germany that it hopes will enhance the company's competitive position there.
  
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• Industry will tackle FCA concerns on SME claims, vows ABI

  22-05-2015 11:12
  Under insurance is an issue that brokers and insurers will work together to tackle, says ABI
  
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• ABI defends insurers on claims

  22-05-2015 11:09 via insuranceage.co.uk
  
  Association responds to FCA review and says insurers “committed to delivering best possible claims service”.
  
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• ABI defends insurers on SME claims

  22-05-2015 11:09 via insuranceage.co.uk
  
  Association responds to FCA review and says insurers “committed to delivering best possible claims service”.
  
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• Loss adjusters biggest offenders on poor SME claims - FCA

  22-05-2015 11:01
  FCA’s independent research reveals loss adjusters are raising the most concerns 
  
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• Zurich on acquisition hunt with £1.9bn excess capital

  22-05-2015 10:59
  
  Katie Marriner Postonline Zurich Group has $3bn (£1.9bn) in excess capital it intends to spend by the end of 2016 either through merger and acquisition activity or return of capital to shareholders.
  
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• Livestock on pavements law could hold up driverless car trials

  22-05-2015 10:51
  
  James Verrinder Postonline Government lawyers are looking to redraft the Highways Act 1835 to allow the trails of driverless cars to proceed.
  
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• Xbroker to open an office in London

  22-05-2015 10:47 via insuranceage.co.uk
  
  South Wales based MGA hopes to attract new capacity with city office as it aims for £45m GWP.
  
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• Xbroker targets £45m GWP as it opens London office

  22-05-2015 10:47 via insuranceage.co.uk
  
  South Wales based MGA hopes to attract new capacity with city office.
  
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• FCA approves Quindell professional services arm sale

  22-05-2015 10:28
  
  James Verrinder Postonline The Financial Conduct Authority has approved the £640m sale of Quindell's professional services division to Australian law company Slater & Gordon.
  
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• FCA review hits out at poor insurance claims service for SMEs

  22-05-2015 10:04 via insuranceage.co.uk
  
  Regulator warns industry that customers need to be put at the heart of the claims service.
  
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• Capital rich Zurich has $3bn spare for large acquisition

  22-05-2015 10:04
  Swiss insurer expects large treasure chest of excess capital by end of next year 
  
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• FCA review finds claims service not working for SMEs

  22-05-2015 09:54
  
  James Verrinder Postonline A Financial Conduct Authority review of insurance claims handling for SMEs has found the claims service is not consistently working in the interests of many businesses, resulting in a poor claims experience.
  
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• FCA: Claims service not working for SMEs

  22-05-2015 09:54
  
  James Verrinder Postonline A Financial Conduct Authority review of insurance claims handling for small and medium-sized enterprises has found the claims service is not consistently working in the interests of many businesses, resulting in a poor claims experience.
  
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• Industry suffers huge blow as FCA probe reveals poor SME claims service

  22-05-2015 09:49
  FCA vows further action after thematic review on claims handling delivers worrying findings 
  
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• LV launches new online tool for brokers

  22-05-2015 09:30 via insuranceage.co.uk
  
  Virtual assistant will enable brokers to ask questions or chat with an LV employee.
  
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• Hastings feels 'white heat of competition' daily, says boss

  22-05-2015 08:00
  Insurer changed prices more than once a day in March
  
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• Gallagher hires Towergate man Keith Insch as UK acquisition manager

  22-05-2015 08:00
  Insch will work closely with head of M&A of Gallagher International Oliver Homer
  
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