Insurance news

• Sabre launches IPO after talks to sell group come to nothing

  13-11-2017 18:56 via ft.com
  British motor insurer aims to float by end of the year and aims to raise about £200m
  
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• In Focus: Opportunity in apps

  13-11-2017 16:24 via insuranceage.co.uk
  Sam Barrett explores how brokers can make the best use of app technology and looks into how to secure customer engagement.
  
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• EY warns of loss making home insurance market in 2018

  13-11-2017 15:21
  Consultants flag falling rates and rising costs and predicts 101.7% market NCR.
  
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• #Insagepeople: 13 - 19 November 2017

  13-11-2017 15:08 via insuranceage.co.uk
  Keep up to date with all the latest people moves.
  
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• High finance must go beyond greenwashing

  13-11-2017 14:32 via ft.com
  HSBC’s $100bn pledge to back low carbon and renewable energy does not go far enough
  
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• Allianz third quarter results hit by large losses

  13-11-2017 12:30 via insuranceage.co.uk
  Insurer posts COR of 98.2% for first nine months of 2017.
  
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• FCA sets out fee consultation

  13-11-2017 12:26 via insuranceage.co.uk
  Proposed changes include charging fees to firms who still use paper invoices and revised tariff data for calculating insurers’ fees and levies from 2018/19.
  
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• IPO to keep Sabre on existing track, CEO says

  13-11-2017 12:22
  Sabre’s plans for an initial public offering will allow the group to continue its existing broker-focused strategy, CEO Geoff Carter said.
  
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• Allianz UK faces £63m Q3 blow from losses and Ogden

  13-11-2017 12:22
  Allianz UK faced a combined £63m hit in the first nine months of the year from both a series of large losses and the residual impact of the Ogden rate revision.
  
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• Agora receives approval to begin underwriting in 2018

  13-11-2017 11:35
  Agora Syndicate 3268 has received approval from Lloyd’s to commence underwriting business from 1 January 2018.
  
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• Paul Evans to leave Axa

  13-11-2017 11:31 via insuranceage.co.uk
  Former UK CEO is leaving the insurer following global “simplification” of its operating model.
  
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• Sabre announces Stock Exchange float

  13-11-2017 10:58
  The insurer expects to raise around £213m from the London Stock Exchange float.
  
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• Ex-ABI chair Paul Evans leaves Axa following restructure

  13-11-2017 10:57
  Former chair of the Association of British Insurers, Paul Evans, will leave Axa following a global management restructure.
  
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• Alan & Thomas buys Commercial and General Insurance Services

  13-11-2017 10:08 via insuranceage.co.uk
  First deal for broker after being bought by GRP.
  
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• Sabre aims to raise £213m through IPO next month

  13-11-2017 09:45
  Motor insurer Sabre has confirmed its plans for an initial public offering next month, bringing to a close months of speculation.
  
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• In the frame … the real cost of making an insurance claim

  13-11-2017 08:00
  I claimed £123 from LV= for broken spectacles but my premium has gone up by £71I am in dispute with LV= over the renewal of my home insurance which has gone up from of £160 to £231. When I queried this by phone I was told it was mostly due to a claim I had made a month earlier – the first in five years. That was for a broken spectacles frame with a replacement cost of £123. I only received £73 after the £50 excess was deducted, which is almost the
  
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• Hiscox's James Pilgrim-Morris on plugging the leaky bucket

  13-11-2017 07:00
  Escape of water claims can be a massive drain of the internal resources and time of insurers and while leak detection is making progress, James Pilgrim-Morris, head of claims at Hiscox UK & Ireland, says it's time to get all hands on deck for this problem area.
  
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• China to increase life insurers' foreign ownership cap

  13-11-2017 05:20
  The Chinese government has announced its intention to lift foreign ownership limits on domestic life insurers.
  
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