28th September 2018 Who Needs Marine Insurance

From the Financial Ombudsman Service  technical resource Marine insurance overview This technical note covers some of the issues that arise in relation to complaints involving marine insurance policies. We set out some of the complaints we see most regularly - and our general approach when we consider whether the...

28th September 2018 FCA to launch dual pricing investigation in “a few weeks’ time

Regulator makes promise as Citizens Advice launches £4bn super-complaint. The Financial Conduct Authority (FCA) has promised to launch a market study looking at how general insurance firms charge their customers for home and motor insurance. According to the regulator the terms of reference for the market study...

28th September 2018 RSA in shock profit warning

Insurer’s UK business reports £70m underwriting loss as COR worsens to 110%. RSA Insurance has warned that its UK underwriting business has suffered a loss of £70m in the third quarter of 2018. The combined operating ratio for the UK and London market business deteriorated to 110%,...