Analysis
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News AnalysisTravel insurance sector faces capacity concerns post-pandemic
As the travel industry gears up to reopen post-lockdown, a spike in claims could impact insurance capacity
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People & Opinion
Opinion: Broking leaders must consider succession snags
Howard Lickens, executive chairman of broking business The Clear Group explains the potential pain points for internal succession solutions and what today’s leaders need to consider ahead of their exit
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Features
Briefing: Intangible asset underinsurance offers post-pandemic opportunity
The Covid-19 spotlight has illuminated the protection gap around intangible assets – this is a wake-up call the sector can’t ignore
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IT Interview
Warren Downey: Broker consolidation is ‘something of a concern’
SRG group chief exec says SMEs are ‘the lifeblood of the economy’ and that competition from startup brokers is ‘healthy’
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Features
Briefing: Personal lines brokers face biggest challenge in FCA product crackdown
FCA product overhaul will lead to new working practices for large personal lines brokers
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News Analysis
Government must take ‘leap of faith’ to mend ‘gaping hole’ in cover for live events
Industry figures beg the government to seriously consider state-backed insurance scheme as the commercial insurance market for events cancellation is ‘unlikely’ to mobilise until 2022
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IT Interview
Ant Middle: Pandemic has been ‘fascinating period to take on leadership’
Chief executive says pride in the business has created momentum, while chief distribution officer applauds its bond with brokers
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IT Interview
Ageas to ‘double down’ on broker-led personal lines in new strategy
Chief executive explains how ‘there’s real opportunity’ for Ageas as it homes in on its ‘heartland business’ with brokers
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IT Interview
Woodgate and Clark to target organic growth after Quadra acquisition
The loss adjuster’s managing director believes there is room for growth in the mid-ranking loss adjusting arena
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IT Interview
Aston Lark boss Peter Blanc on mission to ‘build best broker’ amid acquisition spree
With ten acquisitions completed this year and counting, Aston Lark boss Peter Blanc tells Insurance Times the motives behind the broker’s spending spree and how he envisions the business developing
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Features
Briefing: Covid, capacity and poor insurer service continues to pose problems for brokers
Recent research compiled by Insurance Times and Close Brothers Premium Finance reveals what major challenges brokers are watching right now
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Features
Industry demands change to build sustainable construction PI market
Trade association believes historic liabilities following 2017’s Grenfell Tower tragedy will lead to current claims exposure for insurers providing professional indemnity within the construction sector
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Features
Briefing: We are all now worried about the FCA
Brokers are losing faith in the FCA amid rising fees and levies against a backdrop of carrier failures
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News Analysis
Industry must take ownership of SMCR rules to embed successful culture change
Now that the March deadline for insurance intermediaries to implement SMCR has passed, senior leaders must set the ‘tone from the top’ and look to employee behaviour
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IT Interview
Sabre has ‘been able to hold our nerve’ during pandemic lockdowns
The insurer’s chief executive says that putting prices up year-on-year was the ‘right stuff’, enabling the firm to now ‘stand still’ as its competitors scramble to implement price increases to mitigate Covid discounts
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Features
Regulation ‘bigger threat’ to brokers’ business than Covid-19
Brokers react as the FSCS supplementary levy turned the dial on increasing costs amid a landscape strewn with professional indemnity struggles and Covid-caused complications
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IT Interview
Inigo – the London market startup with ‘people and data’ at its core
Earlier this month, Lloyd’s reinsurance group and startup Inigo snapped up StarStone Managing Agency and Syndicate 1301. Now, its chief executive and co-founder Richard Watson tells Insurance Times the firm’s plans for 2021 and why people and data are vital
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Features
Briefing: Pandemic impact on financial results is not over yet
Insurers’ 2020 full-year financial results show an economic landscape strewn with losses and colossal Covid claims costs. This will undoubtedly carry over into 2021 in some capacity, wrecking further trouble on balance sheets
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Features
Opinion: Root causes need to be wormed out if levy growth is to be stunted
Editor Katie Scott discusses brokers’ financial tight spot - escalating FSCS levy costs partnered with pandemic and Brexit uncertainty leaves many businesses between a rock and a hard place
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Features
Briefing: Goldman Sachs gives Aston Lark big firepower
Bank backing is unusual in the broker market, as private equity remains the dominant source of capital
