Insurance news

• Banks face new PPI compensation bill over commission payments

  30-07-2015 21:10
  
  Analysts estimate financial services industry could now have to repay £33bn - on top of the £20bn paid out over mis-sellingThe UK financial services industry could be facing a £33bn compensation bill for failing to disclose commission payments to customers, according to estimates by analysts.The tally would be greater than the payment protection insurance mis-selling scandal for which the industry has already shelled out more than £20bn and which is expected to rise further on Frid
  
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• Zurich UK personal lines MD Tim Holliday to depart

  30-07-2015 14:59
  
  Zurich customer operations director David Nichols will replace Holliday on an interim basis
  
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• Zurich UK personal lines MD Tim Holliday departs

  30-07-2015 14:59
  
   Zurich customer operations director David Nichols will replace Holliday on an interim basis
  
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• Covéa hires two from Sterling as integration continues

  30-07-2015 13:26
  
  Covéa group bought Sterling in February of this year
  
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• Covéa hire two from Sterling as integration continues

  30-07-2015 13:26
  
  The companies are merging after Covéa group bought Sterling in February of this year
  
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• Alan Boswell Group shows pre-tax profit growth of 27%

  30-07-2015 12:50
  
  The broker is moving its financial division to offices it occupied 15 years ago
  
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• Moneysupermarket insurance half-year revenues rise 8%

  30-07-2015 11:44
  
  Group-wide profit after tax grew 44% to £30.2m compared with £21m in 2014
  
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• Quindell unit buyer ends contract with Swinton

  30-07-2015 10:30
  
  The Professional Services arm bought by Slater and Gordon has been providing services to Swinton since December 2012
  
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• ABI tracker reports rise in motor insurance in Q2

  30-07-2015 10:04
  
  Claims Portal shows whiplash claims 12% higher in year to April 2015 compared with previous 12 months
  
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• Up to 200 jobs secured by Liberty Insurance in Northern Ireland

  30-07-2015 09:31
  
  Last month Liberty Insurance announced it was making 270 redundancies across Ireland
  
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• Swiss Re half-year profits rise 11%

  30-07-2015 09:30
  
  Growth helped by benign natural catastrophe
  
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• Benign natural catastrophe boosts Swiss Re half-year profits by 11%

  30-07-2015 09:30
  
  Growth driven by ”positive” contributions from all business segments
  
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