Friday, 25 May 2012

News Insurance

- 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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