News
One Call responds to huge FCA costs and £4.6m renewal hit
One Call and Radford express regret for client money “miscalculation” and insist their intention was to help consumers.
One Call faces £4.6m hit on top of £1m+ FCA fines
CEO John Lawrence Radford is also prohibited from having any responsibility for client money and/or insurer money and criticised for “lack of competence”.
Quizzical questions: 26 January 2018
Test your knowledge of the week's news with our topical quiz.
Chubb refreshes real estate division
The offering brings together underwriting, claims management and multinational servicing following broker feedback.
Broking profits soar at Gallagher in 2017
Consolidator reveals rising revenue for the final quarter and full year.
Composite buys General Legal Protection
GLP to keep brand and staff will stay in its office in York led by branch manager André Scruton.
InsurTech Futures: Das sets up Amazon Alexa service
Legal expenses insurer says it wants to get brokers involved to help create versions of the new technology.
ABI: Carillion collapse to cost trade credit insurers £31m
Association says industry is to pay over £30m to help suppliers recover.
Insurance Cares: CII calls for unity to improve financial resilience of women
The Institute said insurers and financial planners should work together to improve outcomes for women who are likely to be worse off than male partners.
Profits down one-third at Travelers for 2017
Cost of California wild fires impact the final quarter.
Kelliher pledges wholesaler push
Business looking to double GWP for retail division and give more brokers access to facilities and London Markets.
Home insurance premiums rise 5% in 2017
Research by the AA finds yearly increases in buildings, contents and combined policies.
CoverBuilder launches home hosting insurance
New product covers people letting out rooms or properties on any home-sharing platform such as Airbnb.
Biba research puts telematics policies at almost one million
Figures reveal a 30% uplift on 2016.
Pen confirms redundancy threat at Chelmsford
Pen Underwriting plans to relocate some of its schemes business resulting in risk to 12 jobs.
Biba manifesto 2018: Push to prevent regulation stifling productivity
Biba calls for stability in rate of regulatory change, proportionate supervision and a global competition objective for the FCA
£500,000 Gallagher fraudster jailed for 34 months
Former employee James Cunnington was found guilty of defrauding the company in November last year.
FCA consulting on widening access to FOS for SMEs
Consultation runs until April with rules set to be announced this summer.
Car insurance premiums rose 8% in 2017
Research finds that premiums actually fell in final quarter of the year.
#Insagepeople: 22 - 28 January 2018
Keep up to date with all the latest people moves.
Ardonagh sells remaining Broker Network stake in £30m deal
Nevada, an investment vehicle originally backed by KIRS Group, has purchased a further 19.9% of the business.
Covéa launches InsureTrek 2018 to raise money for Alzheimer's Society
Covéa Insurance today laid down the gauntlet to brokers to take part in an initiative to raise at least £75,000 for the Alzheimer’s Society as part of the Insurance United Against Dementia campaign.
Lark and Aston Scott to rebrand as Aston Lark
Move follows merger in June 2017.
Interview: Staysure’s Ryan Howsam
The chairman tells Insurance Age how the business has developed since its inception ten years ago and outlines its plans for growth.