Group chief underwriting officer Richard Watson says that insurer hopes to continue to grow alongside broker partners as it develops cyber and SME offering.
The Gibraltar Financial Services Commission states company is insolvent and that it intends to appoint a liquidator.
As Hiscox UK and Europe drives down COR to 79.9% for H1 2016 from 86.8% in 2015.
Keep abreast of the movers and shakers in the insurance world this week.
Commercial broker has been acquired for an undisclosed sum by the service provider.
Experts say that brokers taking on appointed representatives need to be aware of the "huge responsibility".
Businesses must have appropriate processes and supervision in place wherever the AR distribution method is used.
Biba boss highlights that with an appointed rep a firm “is lending its regulatory permission to someone else and with that lending its name”.
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Regulator finds “significant shortcomings” and orders two companies to stop sales activity.
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Policy covers playing surfaces, floodlights and trophies.
GWP rises for first six months of 2016.
Winner to be announced at the UK Broker Awards in September.
CII report warns that use of fintech and big data could lead to some people being uninsurable.
Former insurance broker Craig Tracey is to take over as co-chair of the All Party Parliamentary Group for Insurance and Financial Services.
CII welcomes Robert Halfon’s appointment as government minister.
Industry warned fraud problem could grow after legal ruling.
Family of former Oval chief Phillip Hodson involved in deal.
The acquisition can help UK insurers win new opportunities with data and advanced analytics.
Supreme Court decides that “collateral lies” should not invalidate a claim.
Andrew Bailey said he does not foresee a “great bonfire of regulation” as watchdog sets up department to deal with EU exit.
Insurer previously confirmed it would no longer apply average to SME claims.
Proposition available in the UK and Ireland as the insurer expands “cleantech” offering.