Insurance news

• Allianz strikes PPI and GAP deal with Maiden

  10-09-2015 16:17
  
  Callum BrodiePostonline Affinity and white label specialist Maiden has extended its partnership with Allianz on developing branded insurance solutions to automotive original equipment manufacturers and their customers.
  
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• Lloyd's FD Parry pessimistic on rate pressures subsiding

  10-09-2015 15:08
  
  Francesca NymanPostonline Lloyd’s finance director John Parry sounded a cautious note regarding rate pressure after Lloyd’s reported a 28% fall in profit for the first six months of 2014.
  
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• ERS hires broker development head from RGA Underwriting

  10-09-2015 14:26
  
  Overseeing a team of five Baljit Sodhi will be responsible for sales and broker relationships.
  
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• EU regulation will stop insurers tackling fraud - Insurance Europe

  10-09-2015 13:25
  
  William Vidonja was discussing the upcoming regulation at the ABI’s data conference
  
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• Broker fined and banned by FCA

  10-09-2015 13:14 via insuranceage.co.uk
  
  The regulator found Ralph Whittington caused Savesure to misappropriate insurance premiums.
  
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• Gable records a pre-tax loss of £2.4m for H1 2015

  10-09-2015 12:57
  
  Company said underlying insurance profit was up 11% to £6.3m for the first six months.
  
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• Gable supportive of new Liechtenstein GI entrants

  10-09-2015 12:46
  
  Katie Marriner Postonline Liechtenstein-based insurer Gable Holdings would welcome other general insurance companies entering the principality as it revealed it has spoken to the Liechtenstein regulator about companies interested in positioning themselves in the territory.
  
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• Insurers encouraged to promote reward schemes to tempt customers

  10-09-2015 12:33
  
  Callum BrodiePostonline Introducing a loyalty or reward scheme could improve insurers’ chances of increasing consumer take-up, despite the overriding importance of price, according to a survey conducted by M&S for business.
  
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• FCA bans broker for misappropriating premiums

  10-09-2015 12:30
  
  More money than broker Savesure was entitled to receive as commission was used to fund business expenses
  
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• Arc Legal teams up with Holistic Insurance

  10-09-2015 12:03
  
  New policy for complementary therapists to include cover for legal representation costs and contractual disputes.
  
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• RKH call centre closes as Howden focuses on core markets

  10-09-2015 11:59
  
  As a result of closure four months after launch Simon Trott has left the broker
  
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• Former Towergate-owned Folgate returns to underwriting

  10-09-2015 11:46
  
  Run-off insurance company to open for business again following purchase by APC Underwriting last year.
  
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• Lloyd's pre-tax profit falls 28% to £1.19bn for H1 2015

  10-09-2015 11:41
  
  COR rises to 89.5% in the first six months of this year compared to 87.4% for H1 2014.
  
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• Former Towergate business Folgate returns to active underwriting

  10-09-2015 11:02
  
  Katie Marriner Postonline Former Towergate-owned Folgate Insurance has returned to active underwriting in the UK and Europe one year after being acquired by APC Underwriting.
  
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• Europe: Lure of Liechtenstein

  10-09-2015 10:30
  
  Veronica Cowan Postonline Liechtenstein has more companies than citizens, but are UK insurers keen to join its corporate club?
  
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• Broker Expo Bristol: A week to go

  10-09-2015 10:00 via insuranceage.co.uk
  
  The Southern Expo comes to Bristol for the first time. Sign up today to secure your place.
  
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• Former Towergate unit Folgate reopens doors for business

  10-09-2015 09:39
  
  Former Arista chief Charles Earle joins insurer’s board
  
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• Gable seeks to raise capital to meet Solvency II requirements

  10-09-2015 08:52
  
  Insurer looking at reinsurance and debt to make up additional funds required for new capital regime
  
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• Gable makes £2.4m first-half loss as it continues to close reserve gap

  10-09-2015 08:48
  
  Unrated insurer adds another £3.8m to close gap between reserves and actuaries’ estimates
  
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• Lloyd’s first-half profit falls 28% as rate cuts bite

  10-09-2015 08:33
  
  Results also hit by falling investment returns, which almost halved
  
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