Broker News – Page 145
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NewsTokio Marine Kiln launches online platform for specialist business lines
Lloyd’s insurer Tokio Marine Kiln (TMK) has launched a web-based platform to give brokers access to specialist business lines that have traditionally been difficult and uneconomic to reach. The One TMK is a digital exchange for brokers to quote and bind policies online in real time. ...
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NewsTech & Innovation Awards finalists tell their inspiring stories
The finalists for this year’s Tech and Innovation Awards presented their submissions in front of a panel of expert judges on Wednesday. The Insurance Times editorial team was at the scene to talk to some of the shortlisted candidates about why they entered the Awards and ...
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NewsIFB celebrates 10th anniversary
The Insurance Fraud Bureau (IFB) celebrated its 10th anniversary with an evening reception in London yesterday. Over 140 guests, including former board members, key stakeholders and staff gathered at Stationers Hall on Ave Maria Lane to celebrate a decade of achievement. The IFB, which is currently ...
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NewsPIB boosts professional indemnity team with four hires
PIB Insurance Brokers has hired four professional indemnity (PI) brokers to its legal team as part of its expansion plans. The new hires will be based in Bristol, expanding PIB’s presence in the South West. Kieren Windsor has joined as PIB regional PI account director. He ...
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NewsAppointment of May 'a positive day in British public life' – ABI
The ABI congratulated Theresa May on becoming Prime Minister and said it’s “a positive day in British public life”. “The appointment of our second woman Prime Minister is a positive day in British public life which will hopefully encourage many more women to stand for election ...
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NewsBrightside replaces lost Markerstudy capacity with two deals
Brightside said it has fully replaced its lost Markerstudy capacity by signing new deals with Covéa Insurance and another insurer, which it declined to name. The broking group is also planning to sign up more insurers in the coming months. Markerstudy, one of Brightside’s main capacity ...
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NewsHowden UK chief operating officer departs
Howden UK Group’s chief operating officer Stephen Reid has left the company, Insurance Times has learned. A spokeswoman for parent group Hyperion confirmed Reid’s departure and said that the company wished him well. Reid joined Howden UK as chief operating officer in June 2014. He had ...
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NewsAIG rolls out second work experience scheme to attract inner city youths
AIG is rolling out its second work experience programme for inner city students today. The insurer wants to attract more young people to the insurance industry by giving them first-hand exposure of what it is like to work in risk and insurance. Thirty students from four ...
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NewsAviva tackles SME underinsurance in campaign to improve customer trust
Aviva is planning to remove an industry-standard clause from its policy wordings that reduces claims payouts in cases of underinsurance as part of a campaign to improve trust in insurance. Average clauses cut claims payouts if the client is underinsured. The cut is directly proportionate to ...
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NewsComparethemarket owner listing could value firm at £2bn - reports
The stock market listing that Comparethemarket owner BGL, is exploring, could value to company at more than £2bn, according to reports. An exact date for the listing has not been confirmed, but it is thought to be taking place in the first quarter of 2017. BGL ...
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NewsMunich Re outgoing boss eyes return after cooling off period
Munich Re’s outgoing chief executive, Nikolaus von Bomhard could return to the German reinsurance group as chairman in 2019 once his cooling-off period is over. Von Bomhard said: “I have pretty much 11 months to go and I’m at full speed and I’m not retrenching anywhere ...
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NewsArron Banks 'not ruling out' leadership bid for UKIP
Arron Banks has not ruled out plans to launch a leadership bid to head up UKIP following the resignation of Nigel Farage. Speaking on BBC One’s Andrew Marr Show, Banks also vowed to spend £10m to fight Theresa May at the 2020 general election if she ...
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NewsDriverless cars will need cover against cyber attacks - AXA
Driverless cars will need insurance to protect against cyber-attacks, AXA Insurance technical director David Williams has said. Motorists using driverless cars may have to insure themselves against the risk of hackers remotely stealing their vehicles or taking control of them and then demanding ransom payments. A ...
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NewsPremiums rise 19.2% amid soaring car repair costs
Car insurance premiums rose by 19.2% in the second quarter of 2016 compared to Q2 2015, according to the latest Confused.com/Willis Towers Watson car insurance price index - the biggest annual rise recorded by the Index since 2011. This latest increase means that the average comprehensive ...
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NewsHemming: Aviva revamped SME products to clear up confusion
Aviva’s plan to tackle SME underinsurance and improve customer confidence in insurance will also give it a competitive edge in the market, according to Aviva SME commercial lines director Gareth Hemming. The insurer announced today that is was planning to remove average policy wordings that cut claims ...
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NewsBiba scoops two awards for website and manifesto
Biba has won the Best Publication of the Year Award for its Manifesto and the Website of the Year Award at the Trade Association Forum Best Practice Awards. Biba’s annual manifesto which is launched to the market in January sets out its campaigning agenda for the ...
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NewsBluefin buys former network member Osbornes
Bluefin has bought former Bluefin Network member Osbornes Insurance Oxford for an undisclosed sum. The broking group said the acquisition of the Thame-based company would add a “significant” commercial broking office to its presence in the Oxford area. Bluefin has retained all Osbornes staff and Osbornes ...
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NewsQ&A: Wunelli looks to the future of telematics
Wunelli, A LexisNexis Risk Solutions company, launched in 2008 following a test period as a telematics insurance broker under the brand Coverbox. The company has since invested in delivering telematics innovations and solutions to the insurance sector. Insurance Times spoke to Wunelli founding director Paul Stacy ...
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NewsBiba joins sharing economy standards scheme
Biba has lent its support to a scheme to set standards for the new sharing economy. The brokers’ association has joined the expert advisory panel for the Sharing Economy UK’s (SEUK) TrustSeal programme. SEUK will award its stamp of approval to sharing economy schemes like AirBnB ...
