Broker News – Page 90
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NewsGhost broker threat will require rethink on efforts to combat fraud – Markerstudy
‘We fully expect we will see an increase in fraud in the coming year,’ says head of counter fraud
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NewsBrokers still bullish despite market challenges – Aviva
Although brokers remain optimistic about their business growth in 2023, 84% are concerned that their clients are underinsured, according to insurer research
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NewsAllianz plans to work ‘incredibly hard with broker partners to deal with’ underinsurance
’Underinsurance is a serious problem and every broker I speak to understands that’, says chief executive
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NewsBrokers boost small business lending to £45bn in 2022 – NACFB
The insurance cohort has ‘firmly stepped’ into the role of a ‘modern day bank manager’, says association chair
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NewsRansomware could be ‘potential wrecking ball’ for businesses amid Royal Mail $80m ransom
Reports suggest that Royal Mail has refused to pay the ransom
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NewsGRP purchases commercial broker to cover underserved locations
The business, which will join the firm’s retail division, has served insurance consumers since 1967
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NewsUS Virgin Islands-based insurance agency launches in London
The AR arrangement aims to create ‘a truly Caribbean-owned Lloyd’s entity’ that maintains ‘a Caribbean identity’
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NewsLondon market broker looks to future with new c-suite appointment
The internal candidate will be ‘invaluable in delivering our strategic growth plans’, says chief executive
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NewsBroker claims service battle still to be won – Gracechurch
Insurers need to invest in their claims operations if they want to keep pace with the demands of their clients, says managing director
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NewsHamilton Fraser acquires commercial broker in first purchase under GRP
The rental sector and cosmetic practitioner expert will grow the Borehamwood-based firm’s commercial portfolio, says chief executive
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NewsMovo accomplishes 70% GWP growth in 2022
The broker network has set eyes on increasing its books by an additional 30% this year
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NewsNew motor trade broker to launch
The Redditch-based firm wants to achieve between £1.2m and £1.5m gross written premium in its first year of operation
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NewsFirms must brace for cyber threats as working from home compounds risk – Aon
A global shortage of cyber security skills is projected to continue in the next three years, according to the broker
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NewsArdonagh Advisory aims to create ‘revolution’ in network model with data and tech-enabled tool
The firm wants to ‘level the playing field’ for small and medium-sized brokers by providing greater access to different insurance markets and ‘getting service out of insurers’
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NewsAston Lark swoops to bolster London market growth
The appeal of the acquisition was the broker’s personal service focus and loyal customers, says group chief executive
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NewsMarkerstudy-owned firm aiming to ‘transform’ commercial fleet safety with AI proposition
The technology could cut claims costs by £2,000 per detected claim
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NewsGallagher Re partners to deliver home ownership proposition
The reinsurance broker has provided support to prospective home buyers
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NewsAon promotes for new UK CCO
The new appointee will take over the role from Jane Kielty, current UK head of commercial risk at the broker
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NewsInsurtech funding sees 57% dip in Q4 2022 – Gallagher Re
The UK was listed as one of seven countries for top insurtech investment in 2022 which was $200m (£162.6m) for this country
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NewsGlobal commercial insurance costs rose 4% in Q4 2022 – Marsh
The average rate of increase slowed across most lines, however
