Insurance news

• Yet another reason to not trust your home insurer

  09-01-2016 08:00
  
  The experience of one older, loyal customer at the hands of RIAS reveals yet again the rapacious behaviour of companies in ramping up pricesIt was understandable why now-retired Leeds householder David Burton, in his late 60s, was attracted to home insurer RIAS. It is the chief rival to Saga, describing itself as a “specialist in providing great value insurance for the over-50s”. RIAS’s marketing will appeal to many older people. It is “generally safer and more experience
  
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• US commercial insurers battle soft market with multi-year deals: Barclays

  09-01-2016 00:28
  Almost half of risk managers have now incorporated multi-year
  policies into their coverage structures, a survey by Barclays has
  found.
  Barclays analysts reported that 46 percent of the 50 risk
  managers it surveyed had purchased a multi-year cover for "at
  least a portion" of their commercial insurance coverage.
  The proportion is significantly higher than the 20 percent that
  said they had taken multi-year deals when Barclays last ran the
  survey six months ago.
  The firm said the increase was a...
  
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• Everest hires Argo's Kneafsey as Lloyd's active underwriter

  09-01-2016 00:28
  Former ArgoGlobal executive Paul Kneafsey is set to re-emerge as
  active underwriter of Everest Re's new Lloyd's Syndicate
  2786.
  Kneafsey will take the new role on 1 May 2016 at the £102mn
  stamp professional liability-focused syndicate, which began
  underwriting on 1 January this year with Asta as its third-party
  managing agent.
  Earlier today (8 January), ArgoGlobal revealed the executive had
  left to "pursue other interests" as it announced it had
  promoted Ryan Barnes to Kneafsey's former po
  
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