Articles by Martin Croucher
Zurich UK hit with £151m loss from Ogden
Zurich UK suffered a £151m loss on its general insurance business as a result of the discount rate cut.
Beazley sees profit fall from nat cats
Beazley saw profits fall by 43% as a result of exposure to “heavy claims” from natural catastrophes.
Government urged to publish Brexit financial services paper
The government must publish its Brexit position paper on financial services in order to assuage the “chronic state of uncertainty” at present, the chair of the Treasury Committee has warned.
No immediate threat to Allianz Bristol claims team
Personal injury claims handlers in Allianz’s Bristol office will not be placed under employment consultation as part of the Allianz-LV merger.
Allianz to make up to 80 further redundancies in claims restructure
Allianz is placing a further 80 jobs at risk of redundancy amid a restructure of its claims operation.
LV prepares to overcome ‘challenges’ with re-entry to home market
LV has acknowledged it faces “challenges” in making profitable the home portfolio it acquired as a result of the Allianz personal lines merger.
Five insurers reveal by how much industry women are underpaid
Five insurers have revealed by how much women are underpaid in their organisations compared to men.
MIB issues warning over scam callers
Motorists are being bombarded with calls from scam artists pretending to be the Motor Insurers' Bureau.
One Call ‘regrets’ mishandling of client money
One Call said it has rectified the client money errors that led to more than £1m in fines from the Financial Conduct Authority.
One Call slapped with huge fines by FCA
One Call and its CEO John Radford have been slapped with fines totalling more than £1m by the Financial Conduct Authority.
GPI launches legal claim to recover £1m from Lloyd’s broker
Exclusive: An insurer has launched a legal petition to wind-up a Lloyd’s broker, over an unpaid claim of almost £1m.
Quindell auditor slapped with £700,000 fine
The company responsible for auditing Quindell has been fined £700,000 for failing to “exercise sufficient professional scepticism”.
Treasury MP promises engagement with brokers over regulation
Nicky Morgan, the chair of the Treasury Select Committee, said she looks forward to engaging with brokers over the “important issue” of lost productivity and regulation.
Gallagher employee jailed over £500,000 fraud
A claims manager who defrauded his employer, Arthur J Gallagher, out of more than half a million pounds, has been jailed.
Motor premium growth slows despite Ogden fears
Motor premiums have risen at their slowest rate in 2017 for the first time in recent years, and declined 1.3% in the last quarter.
Week in Post: Carillion collapse and the executive merry-go-round
It was oddly coincidental that it was Blue Monday, the most depressing day of the year, when Carillion collapsed – placing 20,000 jobs at risk.
Marsh threatens to ‘squash’ insurtech Marshmallow over use of name
Insurtech start-up Marshmallow faces a legal challenge from broker Marsh over the use of its name.
Erskine Murray completes second acquisition in six months
Erskine Murray has acquired Essex-based Asciak Holdaway Merrit, a professional indemnity specialist broker.
P2P insurer Insure Pal in talks with UK carriers over white label plans
Insure Pal is in capacity talks with three major UK insurers over a H1 entry into the motor market, its CEO said.
Start-up P2P insurer to enter UK motor in H1
A peer-to-peer insurer has raised £15m in an initial coin offering to fund its UK motor launch in H1 2018.
Incoming Aviva GI boss promises continuity in business
The high turnover in the top job in UK general insurance at Aviva in recent years will not detract from the business’s overall strategy, Rob Townend said.
Greater role for CMCs following whiplash reform ‘not entirely a bad thing’, MoJ says
Raising the small claims limit will drive personal injury claimants into the arms of claims management companies, a parliamentary committee heard.
County Group to be driven by acquisitive growth under GRP
County Group will develop through “strong acquisitive growth” under the ownership of GRP.
Peter Cullum to sue Towergate
Exclusive: Peter Cullum, the man who founded Towergate over 20 years ago, has lodged a financial claim against the company.