Articles by Martin Croucher
Insurers pay out £56.7m in claims every day
Insurers paid out £56.7m to customers every day in 2015, according to figures from the Association of British Insurers.
VIG sees 88.4% rise in Q3 profits
Vienna Insurance Group has seen an 88.4% rise in pre-tax profits in the third quarter of the year.
FCA boss warns insurers about ‘exploiting’ customers through Big Data
The Financial Conduct Authority has warned against insurers “exploiting” customers by using Big Data to unfairly tailor premiums.
Towergate ‘awash’ with opportunity following Marsh’s Bluefin acquisition
Towergate is “awash with opportunity” following the acquisition of Bluefin by Marsh, its CEO David Ross said.
Towergate sees first quarter of growth following restructure
Towergate has seen its first quarter of growth since restructuring began last year, but underlying profitability for year to date is down.
Gable creditors have 10 months to submit claims as company enters liquidation
Companies and individuals owed money by Gable have been invited to submit their claims after a Liechtenstein court appointed a liquidator to the company.
Insurtech firm Wrisk signs deal with Munich Re
Insurtech start-up Wrisk will see capacity provided by Munich Re for business written in the UK, Europe and US.
Gable turns on administrator over ‘illegal’ shareholder meeting
Gable said it was “illegally” denied voting rights at a shareholders meeting, in which a petition to wind up the company was passed.
Zurich aims to make $1.5bn in savings by 2019
Zurich is targetting $1.5bn (£1.2bn) of cost cutting at the group level over the next three years.
Scandinavian Gable policyholders not protected by government schemes
Scandinavian policyholders will not be protected by government guarantee schemes if Gable is declared bankrupt.
Thousands of motorists potentially uninsured following Enterprise collapse
More than 10,000 motorists may be driving without insurance following the collapse of Enterprise.
Live: Industry reacts to whiplash consultation
Live blog with reactions from lawyers and insurers to the whiplash consultation published today.
Gable needs £58.7m capital injection
Gable needs to provide £58.7m in order to meet its Solvency II requirements, according to its administrator.
Axa consults with union over 150 direct motor jobs
Axa is consulting with union bosses over its plan to move 150 jobs from Kent to Birmingham.
MGA launches claims management company
Managing general agent Nexus Underwriting has launched an independent claims company.
Ageas sees profits fall on back of summer storm damage
Ageas has seen profits of £43m in the third quarter, a fall 8% from £46.9m in the same period last year.
Interview: Peter Blanc, Aston Scott
Peter Blanc is in his element. As a self-professed ‘trading man', he was chafing at the bit when located behind a desk at Arthur J Gallagher.
SSP fails in initial attempt to fix latest system outage
An initial attempt to fix the glitch that has plagued SSP users since late last week was unsuccessful, the software house warned brokers.
RSA issues ultimatum to staff over redundancy terms
Union bosses are urging action against RSA after the insurer issued an ultimatum to staff over proposed changes to redundancy terms.
Gable to take ‘robust’ defence against insolvency petition
Gable is taking “the most robust” action against its administrators over any petition to declare the company insolvent.
Brokers offline again after SSP goes down
Brokers have been hit by further connectivity issues affecting SSP’s Pure Broking platform this morning.
#Post People 14 - 18 November 2016
Check out the latest movers and shakers.
Insurtech start-up targets barriers faced by Generation Rent
An insurtech start-up will enable tenants to take up a rental contract without putting down a deposit.
Zurich replaces Sharma with Tulsi Naidu as UK CEO
Zurich has appointed Tulsi Naidu as CEO of its UK business, replacing Vibhu Sharma.