Insurance news

• McManus and Chris Giles return with ambitious broking start-up

  28-05-2015 17:39
  McManus is set to join PIB on 1 July as chief executive
  
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• Insurers 'will disappear' amid tech revolution, warns Generali boss

  28-05-2015 17:34
  Europe’s third largest insurer vows to invest in tech start ups to avoid extinction 
  
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• RFIB announce sale of majority stake to US capital investors

  28-05-2015 15:56
  Former Aon UK chief executive Dennis Mahoney joins as executive chairman as part of the deal
  
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• Aviva hires Fice and Winslade

  28-05-2015 15:48 via insuranceage.co.uk
  
  Insurer says new additions will enhance its corporate and specialty risk team.
  
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• Working group touted to tackle Gibraltar VAT loophole frustration

  28-05-2015 14:59
  
  Katie Marriner Postonline Insurer frustration around the differing VAT rates incurred by UK and Gibraltar-based firms has led to calls for an industry working party to lobby government to level the playing field.
  
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• Companies must pay more for certainty says Airmic's Hurrell

  28-05-2015 14:29
  
  Francesca NymanPostonline Companies should be willing to pay a higher premium for contract certainty when it comes to business critical insurance products, according to Association of Insurance and Risk Managers' CEO John Hurrell.
  
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• Aviva makes senior hires to strengthen Corporate and Speciality Risk arm

  28-05-2015 14:27
  Former QBE property boss Peter Fice will join Aviva in June as London Market director
  
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• Gable's share price nosedives to two and a half year low

  28-05-2015 13:29
  Gable’s share price continues to fall with 11% crash after two hours of stock market opening
  
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• Endsleigh reports 33% profit boost and 13% turnover growth in 2014

  28-05-2015 13:00
  But increased pension deficit eats into broker’s net assets
  
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• QBE lowers trade credit premium threshold

  28-05-2015 12:50
  Threshold reduced to £15,000 as insurer looks to grow in mid-market and attract more SME business.
  
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• QBE targets SME market with trade credit

  28-05-2015 12:50
  
  Trade credit threshold reduced to £15,000 as insurer looks to grow in mid-market and attract more SME business.
  
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• Peter Fice and Mark Winslade head to Aviva

  28-05-2015 12:49
  James Verrinder Postonline Aviva has hired industry veterans Peter Fice and Mark Winslade to bolster its corporate and speciality risk team.
  
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• Profits plummet for unrated Gable

  28-05-2015 12:26
  
  Gable reports a loss before tax of £5.4m following setting aside additional reserves.
  
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• RFIB to sell majority stake to Calera Capital

  28-05-2015 11:12 via insuranceage.co.uk
  
  Broker has agreed terms with American-based private investment firm Calera Capital.
  
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• National Windscreens strikes new deal with Ageas

  28-05-2015 10:07
  Windscreen repair firm announces new deal with long term partner Ageas 
  
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• Unrated Gable crashes to £5.4m loss amid reserving issues

  28-05-2015 10:05
  Lichtenstein-based insurer vows further reserve strengthening in 2015 after announcing £7.5m reserving gap
  
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• Gable's 2014 GWP jumps 36% to £80m

  28-05-2015 09:47
  
  Katie Marriner Postonline Liechtenstein-based insurer Gable Holdings has reported record gross written premiums of £80m (2013: £58.9m) for the year ended 31 December 2014.
  
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• Gable reports 2014 pre-tax loss of £5.4m

  28-05-2015 09:47
  
  Katie Marriner Postonline Liechtenstein-based insurer Gable Holdings has reported record gross written premiums of £80m (2013: £58.9m) for the year ended 31 December 2014.
  
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• Thomas Carroll recruits three brokers from Towergate

  28-05-2015 09:45
  Brokers join from Towergate-owned CCV and Underwoods 
  
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• Leaving the EU 'bad for business' - Inga Beale

  28-05-2015 09:21
  Lloyd’s chief said being part of the European community is vital for keeping Britain’s place as the leading destination for foreign investment
  
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• Zurich on claim for fire that gutted historic mansion

  28-05-2015 09:00
  Zurich working closely with National Trust to salvage treasures 
  
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• Swinton to merge sub-£2k commercial business with personal

  28-05-2015 08:30
  Larger commercial books of business will continue to be serviced separately by trained staff on an advised basis
  
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• Covea pens capacity deal with Sterling on motor fleet

  28-05-2015 08:30
  Product targets mid to high net worth clients who want to incorporate fleet of non-standard motors into home insurance
  
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• Covéa pens capacity deal with Sterling on motor fleet

  28-05-2015 08:30
  Product targets mid to high net worth clients who want to incorporate fleet of non-standard motors into home insurance
  
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• Generali in exclusive talks to buy MyDrive Solutions

  28-05-2015 06:03
  
  Andrew Tjaardstra Postonline Generali group CEO Mario Greco is seeking a "new business model" as the Italianinsurer opens exclusive talks to buy UK-based telematics provider MyDrive Solutaions.
  
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• Generali in exclusive talks to buy My Drive Solutions

  28-05-2015 06:03
  
  Andrew Tjaardstra Postonline Generali group CEO Mario Greco is seeking a "new business model" as the Italian insurer opens exclusive talks to buy UK-based telematics provider My Drive Solutions.
  
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• Taiwan life insurer buys Madame Tussauds' building

  28-05-2015 04:43
  
  Andrew Tjaardstra Postonline Taiwan based Fubon Life has bought the building which houses iconic London attraction Madame Tussauds for £348.8m.
  
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