Insurer
Editor's letter - April 2015
“While matters could be better, brokers will surely at least welcome this level of consistency”
Market moves: Spring has sprung
Over the past month, the newly-constructed Towergate has continued to be a popular destination for movers within the industry. Sarah Dalgarno and Steve Wood joined the consolidator as chief risk officer and CEO of Paymentshield respectively (see box)…
Talent spotting
Having the right people with the right skills is vital to the insurance industry, but, as Daniel Pedley says, the sector is not attracting as many new entrants as it could
No Budget for business
George Osborne’s last Budget before the upcoming general election contained very little for the “engine room” of the economy, writes Paul Upton
Conflicts of interest
Insurers should not own independent brokers, brokers should not own insurers or underwriters and aggregators should be truly independent, argues Tony Cornell
Disappointing results bring RSA under the spotlight
Provider commits to focus only on areas where it “can win and be successful”
Market upbeat despite soft conditions
Insurers’ 2014 results reveal little movement, but many brokers see providers pushing for growth
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Covéa sees GWP and profit rise
Insurer's combined operating ratio improved to 97.8%.
RSA chief digital officer leaves
Ian Hood exits insurer to pursue opportunities in a new sector.
FCA data shows complaints about insurance intermediaries continue to fall
Fourth consecutive half year of falling complaints.
PPI complaints fell in the second half of 2014
Overall number of complaints to financial services firms fell 7% compared to the first six months of the year.
Sterling launches e-trade service for brokers
Offering comes with three new commercial e-trade products.
Optimism up among brokers and insurers
Financial services survey shows increases in business volumes and profitability.
Fitch gives Ageas A+ rating with stable outlook
Agency says Ageas Insurance is core to the group.
Gocompare welcomes FCA social media guidance
Aggregator says it doesn't rely on the medium to drive business.
UK General posts £436m GWP for 2015
Group CEO Peter Hubbard says the insurer is aiming for half a billion pounds.
Select Committee slams FCA over insurance briefing
MPs warn that problems may still exist at the regulator.
Sean Rocks to leave Liberty
Alan Telford to take on chief underwriting officer role in commercial.
Qdos launches broker platform
Qdos launches cloud-based broker platform, Qube, to allow access to over 60 products.
Ghost broker jailed for two years
Businessman sentenced to jail for selling invalid car insurance on Gumtree.
FCA to raise fees as funding requirement grows 8.4%
Regulator's annual funding requirement has risen to £481.6m and fees will rise accordingly.
Lloyd’s reports flat £3.2bn profit for 2014
Market’s GWP dips slightly as COR rises.
Enterprise targets Service Company customers
Insurer looking to snap up motor trade and taxi cover accounts.