Insurance news

• Standard Life Aberdeen/fund managers: juncture puncture

  13-03-2019 17:14 via ft.com
  Martin Gilbert is stepping down as co-chief, leaving Keith Skeoch to battle on
  
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• Court hears defendants' opening statements in Gallagher vs Ardonagh trial

  13-03-2019 16:49
  The legal dispute between Gallagher and Ardonagh continued today, with lawyers for the defendants concluding their opening statements.
  
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• Government to launch operational review of IPT

  13-03-2019 16:13
  Insurance industry welcomes call for evidence on how to ensure the IPT operates fairly and efficiently, but the ABI pledges to continue its campaign to keep the rate from increasing further.
  
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• Whistleblowers see Carphone Warehouse fined for mis-selling

  13-03-2019 15:50 via ft.com
  Regulator says retailer trained staff to ‘spin sell’ its ‘Geek Squad’ insurance
  
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• Premium Credit confirms another outage

  13-03-2019 14:04
  Brokers and customers of the credit provider experienced problems for almost two days over Monday and Tuesday.
  
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• Sector criticised for approach to sharing economy

  13-03-2019 13:35
  Report outlines the insurance risks for customers active in hosting AirBnb guests due to gaps in cover.
  
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• Ping An: claim game

  13-03-2019 13:08 via ft.com
  Improving dividend yields and market potential make insurer a name worth watching  
  
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• Aviva to focus on commercial lines growth

  13-03-2019 12:51
  Phil Bayles and Rob Townened discuss the provider's UK results, new CEO Maurice Tulloch, and future plans for brokers.
  
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• FCA fines The Carphone Warehouse £29m for mis-selling insurance

  13-03-2019 12:36
  Huge penalty levied by the watchdog after a whistleblower sounded the alarm and the FCA launched an investigation and found firm failed to train staff to give suitable advice.
  
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• Axa puts 106 roles at risk

  13-03-2019 11:04
  Redundancies likely as the insurer announces it is to open two trading centres in Bolton and Ipswich.
  
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• Prudential says ‘good progress’ made on UK spin-off

  13-03-2019 10:11 via ft.com
  Insurer has reorganised UK and Hong Kong businesses ahead of M&G Prudential demerger
  
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• One in three asset managers could disappear, says Invesco chief

  13-03-2019 09:56 via ft.com
  Head of Georgia-based firm says pressures on fees and costs are relentless
  
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• £350 bill for cancelling car insurance policy within cooling-off period

  13-03-2019 08:00
  Carrot insurance is charging me the fee although I was only five days into the 14 days allowedI tried to cancel a new car insurance policy with Carrot five days into the 14-day cooling-off period last December. However, Carrot refused to let me because of an ongoing Cue check to verify my claims history, triggered when I applied because a third party had incorrectly named me as the driver in an accident. When the check was completed in my favour, and the incorrect information removed, I had gone
  
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