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Insurance Breaking News | Home & Auto Insurance
  • Be Wiser posts loss for 2018
    Be Wiser posts loss for 2018

    Boss Mark Bower-Dyke says outcomes have been impacted by poor market circumstances and slams unrated insurers charging low costs. Personal motor dealer Be Wiser has posted a loss earlier than tax of £2.2m for the yr ended 31 Might 2018. That is in comparison with a pre-tax revenue of £1.1m in 2017. The dealer additionally reported […]

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  • Unrated Danish insurer Qudos declared bankrupt
    Unrated Danish insurer Qudos declared bankrupt

    FSCS vows to work with liquidator and Danish authorities. The Monetary Providers Compensation Scheme (FSCS) has confirmed that unrated Danish insurer Qudos Insurance coverage was declared bankrupt on 20 December 2018. Qudos offered a variety of insurance coverage insurance policies to the UK retail and business market together with for motor, GAP, illness and guarantee. […]

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  • Assessment of the yr: Might
    Assessment of the yr: Might

    Assessment of the yr: Might – Insurance coverage Age Might was all concerning the collapse of Alpha. Aviva pulling company with GRP additionally caught brokers’ curiosity together with Amazon’s potential insurance policy. We check out the highest 5 tales that received brokers speaking in Might 2018. Unrated Alpha – insurance policies not in pressure amid […]

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  • Unrated Danish insurer goes into liquidation
    Unrated Danish insurer goes into liquidation

    Portfolios put into run-off with Darag. New Nordic Advisors has put its wholly-owned Danish subsidiary Qudos Insurance coverage into liquidation with speedy impact. The unrated Copenhagen-headquartered insurer was closed to new enterprise on 18 October. The funding administration firm stated it had made the newest transfer after a evaluation of the insurance coverage firm’s place. It […]

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  • CBL Insurance coverage positioned into liquidation
    CBL Insurance coverage positioned into liquidation

    Determination comes after two of the agency’s main collectors didn’t help voluntary administration. CBL Insurance coverage, the mum or dad firm of Eire-based CBL Insurance coverage Europe and CBL Insurance coverage in New Zealand, has been put into liquidation by the Auckland Excessive Courtroom. Based on the Reserve Financial institution of New Zealand (RBNZ) the […]

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  • Opinion: Who would consider it? When unrated is “good”
    Opinion: Who would consider it? When unrated is “good”

    Roger Flaxman finds classes for brokers in a captivating £100,000 case the place a agency confronted litigation for not utilizing unrated insurers. An off-the-cuff chat between two solicitors at an area trades Christmas lunch resulted in a unprecedented windfall for certainly one of them. Every represented small practices with comparable turnovers of slightly below £1m. […]

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  • Broking Break – Your Prime 5
    Broking Break – Your Prime 5

    In a busy week for information brokers needed to examine potential offers, premium finance, senior departures from insurers and the “crack cocaine” of insurance coverage.   5) GRP poised to purchase Danger Alliance International Danger Companions (GRP) is about to purchase dealer Danger Alliance for an undisclosed sum, Insurance coverage Age revealed this week. In […]

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  • Premium Credit score reviewing Gefion place
    Premium Credit score reviewing Gefion place

    Shut Brothers to finish non-recourse insurance policies for Danish insurer’s product. Premium Credit score continues to be writing recourse and non-recourse insurance policies to take a seat with Denmark-based Gefion Insurance coverage’s merchandise however at present has the supplier beneath “lively evaluate”, CEO Tom Woolgrove has informed Insurance coverage Age. Earlier at this time (5 […]

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  • Shut Brothers to finish non-recourse merchandise for Gefion Insurance coverage
    Shut Brothers to finish non-recourse merchandise for Gefion Insurance coverage

    Premium finance supplier will nonetheless problem recourse insurance policies for the insurer. Shut Brothers Premium Finance will solely write recourse insurance policies for Gefion Insurance coverage-backed merchandise from 1 November 2018, Insurance coverage Age can reveal. In a letter to brokers seen by Insurance coverage Age, Shut Brothers wrote: “While we don’t need to restrict […]

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  • Weblog: Regulation and non-domiciled insurers
    Weblog: Regulation and non-domiciled insurers

    Nick Garner, of Monetary and Authorized Insurance coverage, examines the FCA steerage on due diligence and argues that non-UK domiciled suppliers are usually not monitored with the rigour they need to be. The previous few months have seen some excessive profile insurance coverage figures taking to their soapboxes and pouring forth on the perils of […]

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