- Equity redstar may still struggle to attract buyers, IAG put
up parts of its business for sale, Barnett & Barnett and NBJ who could
attract interest from consolidators. Equity red stars down fall was multiple
claims underwriting losses by bodily injury claims.
- Complaints to the FOS Financial Ombudsman Services over
vehicle insurance has gone up by 26%. The FOS put the blame on insurance
companies not choosing to offer clients early settlement.
- Solvency II compliance is unlikely to be met within deadlines
accordingly to over 50%
- QBE still making loss in its largest division despite positive
results in other areas of the company.
- Professional Insurance Agents Ltd senior director Ellie
Hearsey and Kelly Fyfe meet with international brokers in London this week to
start talks about supplying their online Quote & Buy system in Brazil and
Portugal.
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