News
XL achieves best COR for over 15 years
Group result reveals rise in premiums and net operating income.
Principal Insurance secures funding from Yorkshire Bank
Loan will be used to meet expansion targets.
LV's GWP down 4% to £1.39bn in 2014
Insurer says depressed motor premiums affected the business.
Towergate's future far from resolved, say industry figures
Some think a sell off of parts of the business is likely.
Gallagher should trade with Towergate, confirms Lyons
Interim chief executive hails “conclusion” of sales process as bringing stability to broker.
Towergate planning for up to £85m mis-selling bill for financial division
Potential payments relates to past advice given to customers on ETV and UCIS.
Towergate Ebitda drops 24% for 2014
Broking division posts 32% fall in Ebitda results.
Towergate secured creditors win race for consolidator
Deal will see debt cut by 60%.
Das to remain on negative credit watch
S&P keeps insurer on negative watch following internal investigations.
Finch agrees three-year motor package with Alps
Alps will provide motor, legal and claims services to Finch clients.
Axa relocates Manchester branch office
Move to new office is part of "modernisation of regional branch network"
Driving seat: Which classic cars were insured most last year?
Luxury vehicles worth £30m were removed from stricken ship Hoegh Osaka this week, but what were the top classic cars insured by Ageas in 2014?
FCA to reassess PPI complaints
Regulator to examine if current approach to PPI is working.
Willis deal “biggest” acquisition for Clark Thomson
Broker insists independence remains following the deal which also saw it join Willis Commercial Network.
Burglary fraudster gets suspended sentence
Nicholas Warner also ordered to do 270 hours of unpaid work.
European Commission approves Flood Re
Scheme is one step closer to reality after the Commission decided it is compatible with EU state aid rules.
Clark Thomson joins Willis network as it buys Scottish SME unit
Deal sees broker become member of Willis Commercial Network.
Henderson to open first office in Scotland
Six staff to be based in Glasgow.
Saga buys bike broker Bennetts for £26.26m
Deal takes firm up to approximately 20% of UK motorbike insurance market.
Wheatley regrets "shoot first" line
The FCA chief executive appears at hearing following the Davis Report.
Cannabis farmer jailed for insurance fraud
Essex-based electrician found with £14,000 of cannabis plants at his home when arrested on suspicion of insurance fraud.
Bennett Christmas buys book of business from Howden
The broker plans to grow to £20m in the next three years.
Brendan McManus in rumoured £199m Chaucer deal
Reports suggest that former Gallagher retail CEO has teamed up with Apollo to buy insurer’s £199m motor book.
Axa targets South-west and Wales growth with new appointments
Insurer adds property owners and professional indemnity expertise with double hire from RSA and Franklands Insurance.