Articles by Liz McMahon
PPI complaints against banks continue to rise
Payment protection insurance (PPI) complaints at Barclays and Lloyds Banking Group rose by up to 30% in the first half of this year compared to the previous six months and may yet rise further.
Weak UK results disappoint IAG
“Disappointing” was the word repeatedly used by Australian giant IAG about its struggling UK business, dominated by Equity Red Star at Lloyd’s that has been ravaged by bodily injury claims.
Ecclesiastical to push COR below 98%
Group chief executive Michael Tripp said he was focused on reducing volatility and getting Ecclesiastical's combined operating ratio (COR) below 98%.
Aviva online motor brand goes live
Aviva has launched its new online car insurance brand, Quote me happy.
Giles acquisition of CBG extended
Giles Insurance Brokers' recommended cash offer for CBG Group has been extended until 31 August.
Ecclesiastical reports positive profit swing
Ecclesiastical has continued its yo-yo results trend with a pre-tax profit of £15.6m for the first half of the year(£9.9m loss in H1 2010) but its combined ratio remains above 100%.
PMI provider claims data sharing first
Universal Provident has claimed to be the first provider to disclose claims information on private medical insurance (PMI).
SRA to crackdown on ARP
The Solicitors Regulation Authority (SRA) has claimed it is taking strong enforcement measures against firms in the Assigned Risks Pool (ARP) insurance scheme that are failing to pay their premiums.
Admiral sees profit boost beyond analyst expectation
Admiral’s half year results for 2011 have revealed a 27% boost in pre-tax profit ahead of H1 2010 to £160.6m with turnover jumping 53% to £1.1bn.
Oxygen develops niche home insurance scheme
Oxygen Insurance Brokers has launched a home insurance scheme offering tailored insurance cover for psychological professionals in the UK who see clients at home.
Chubb loses HNW duo to Zurich
Zurich has appointed Lennox Bunting and Alan Gorman to its Private Clients’ new London team.
Insurers' tax contribution greater than entire Home Office budget
The insurance industry made a total contribution of £10.4bn to the Exchequer a report from the Association of British Insurers (ABI) and PWC has revealed.
RBS to contend with limited appetite for insurance sell off
It is unlikely that RBS Group will be able to fetch a good price for its insurance arm, according to financial experts.
Analysts predict a profit surge for Admiral
Admiral is expected to report an increase in revenue and pre-tax profits when it posts half year results on Wednesday, according to reports.
Insurers must simplify product info, says Unum
Income protection provider Unum has called on the insurance industry to simplify its customer product information.
CGI sells chunk of MGA in bid to grow broker house book to £100m
Congregational & General Insurance (CGI) has sold a majority share of its subsidiary MGA, Integra Insurance Solutions, to the Hannover Re Group.
Motaquote will still expand branch network, says Lombard
The chief of CCV-owned Motaquote has vowed to continue to expand its branch network despite confirming the closure of seven of its 14 offices in South Wales.
SRA issues ABS guidance ahead of 2012 licences
The Solicitors Regulation Authority (SRA) has published a guide to help prospective owners of alternative business structures (ABS) understand what steps they will need to take to earn an operating licence.
Brokers suing clients over contested complaints could breach TCF
Brokers that sue clients for complaining could be in breach of Treating Customer Fairly (TCF) principles.
CCV-owned Motaquote shuts half of its offices
Motaquote has closed seven offices in South Wales as a result of the economic downturn with the affected branches being Mountain Ash, Treorchy, Cwmbran, Neath, Ebbw Vale, Risca and Aberdare.
Updated: mixed insurer riot claims notifications risk causing confusion
Insurers have failed to adopt a blanket policy on increasing their claims notification period following the government’s decision to extend the notification deadline to 42 days under the Riot (Damages) Act.
PPI mis-selling crisis strikes Ireland
The Irish Central Bank has launched an investigation into the mis-selling of payment protection insurance on loans.
Pet insurance study reveals £2.5bn of premium potential
Defaqto has estimated that with 48% of dogs and 69% of cats uninsured in the UK, the pet insurance sector offers providers a potential £2.5bn in untapped premiums.
Cadogan Keelan Westall taps into auction market
Cadogan Keelan Westall has joined forces with Network Auctions to offer buyers cover within minutes of the hammer falling.