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Quinn to lay off 800, claims report
Grant Thornton, the administrators of Quinn Insurance, plan to make about 800 staff redundant as part of a major downsizing of the insurer, it has been reported.
Mapfre agrees €85m insurance stakehold in Caixa banks
Spanish insurer Mapfre has agreed to aquire a 50% stake in the insuraance subsidiariers of banks Caixa Manresa and Caixa Tarragona for €85.7m (£74.4m)
Mapfre agrees €85m insurance stakehold in Caixa banks
Spanish insurer Mapfre has agreed to aquire a 50% stake in the insuraance subsidiariers of banks Caixa Manresa and Caixa Tarragona for €85.7m (£74.4m)
Purple network wins 40th member
Birmingham-based insurance and financial services provider Jobson James has become the 40th member of Jelf-owned broker network Purple.
Fortis outlines readiness for MoJ RTA reforms
Fortis today claimed that it is one of the first insurers to have implemented an ‘application to application’ approach ahead of the reforms to streamline the compensation system for low cost road traffic accident personal injury claims, launching on…
Grant Thornton: some Quinn UK lines will see no rate hikes
The adminstrator of Quinn Insurance has hit back at suggestions it plans wholesale increases across all of its UK business, if and when it is allowed to trade again.
Admiral CEO bullish despite Confused turnover decreasing 5% in Q1
Henry Engelhardt, Admiral chief executive, this morning said his business had "continued to grow and prosper in the last three months".
Grant Thornton: some Quinn UK lines will see no rate hikes
The adminstrator of Quinn Insurance has hit back at suggestions it plans wholesale increases across all of its UK business, if and when it is allowed to trade again.
Admiral CEO bullish despite Confused turnover decreasing 5% in Q1
Henry Engelhardt, Admiral chief executive, this morning said his business had "continued to grow and prosper in the last three months".
Congregational launches subsidiary MGA
Congregational & General Insurance is set to launch a subsidiary MGA named Integra Insurance Solutions, generating £9m of extra homeowners income, according to the firm.
Questgates grows counter fraud team
Questgates has strengthened its counter fraud team with the appointment of Sally Maeers and Mark Woodhead.
Lloyds content despite fall in new insurance sales
Lloyds Banking Group has reported new insurance sales are modestly lower than the equivalent period of last year.
Top 5 Post stories
The top five most popular stories on postonline.co.uk over the last week were:
Comment - Deafness claims: Have you heard?
Noise-induced hearing loss claim volumes show no sign of abating following a recent precedent. David Pugh explains how Lord Justice Jackson's proposals could at least stem the costs.
Interview - Mike Webb: Computing the cloud crisis
The recent volcanic ash cloud has brought travel insurers such as Mondial Assistance under the microscope. Jonathan Swift talks to the firm's EMEA regional director Mike Webb about the impact of Eyjafjallajökull and why prices need to rise for a more…
Half of insurers unsure over MoJ RTA reform
Almost half of insurance firms remain unconvinced by the Ministry of Justice road traffic accident claims reform, according to new research.
Co-op chief hits out over asbestos
The head of general insurance at Co-operative Financial Services has accused the industry of shirking its responsibility by continuing to oppose the formation of a pool for asbestos-related employers' liability insurance claims.
Insurer trio ordered to pay up to £20m over faulty sofas
Axa, Chartis and Travelers will pay a share of up to £20m in compensation to thousands of consumers who received serious chemical burns from sofas manufactured in China.
School vouchers for charity
Many readers will recall that The Children's Trust was Incisive Media's selected charity for its Christmas Ball last year.
Ex-Hero boss plans start-up
Ian Meyer, a director at Capita Insurance Distribution, is poised to leave the firm to set up his own brokerage, Post has learnt.
UK market facing £600m hole with no Quinn
As much as £600m of high-risk motor business could return to the market if Quinn Insurance is not allowed to fully re-enter the UK, according to research by Consumer Intelligence.
Fortis affinity boss Carter to lead Tesco Underwriting
Fortis and Tesco Bank have unveiled the structure of their general insurance partnership.
Open GI aggregator quotes top £2m
Insurance quotes generated by Open GI’s market-leading E-Aggregator solution have risen above two million per day.
Quinn to elect staff reps in light of redundancies
Quinn Insurance has said it will work with employees to formally elect employee representatives for each of its sites to ensure staff views are incorporated into their assessment and decision-making process.