Commercial Lines articles – Page 77
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NewsCycle insurer Bikmo launches new bike shop insurance
The product aims to relieve the ‘uphill grind’ experienced by cycle retailers in finding ‘a comfortable insurance fit’, says commercial insurance manager
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NewsAxa UK and Ireland acquires renewal rights to Ageas UK’s commercial business
The deal aims to ‘further cement’ Axa’s commitment to the SME and schemes market segments, says chief executive
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NewsFloodFlash targets international expansion after $15m funding raise
The insurtech hopes to close the $58bn flood protection gap
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NewsRomero Group grows income by 14.3% in 2021 despite hard market
The broker has also helped to settle £13m in Covid-19 business interruption claims
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IT InterviewD&O and cyber liability insurance is ‘maturing’ amid hard market – JM Glendinning
New capacity in these markets could come from ‘nimble’ MGAs, however brokers must have ‘grown up’ conversations with clients to successfully manage expectations around higher premiums and reduced coverage, says broker boss
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NewsKP Snacks supply chain crunches to halt after ransomware attack
Law firm partner warns that ’even the largest of organisations can fall victim to ransomware attacks and all businesses – large or small – must remain vigilant to this threat’
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NewsArag and MGA ink deal to cover construction industry risks
The MGA sees this as a ‘significant opportunity’ to differentiate its proposition
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NewsUK cyber rates soar amid market challenges
The climb in rates is driven by an uptick in ransomware claims as well as insurers tightening cover rules
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NewsEncouraging survey reveals cyber insurance uptake on the rise
Survival is a ‘top priority’ for SMEs post-pandemic
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AnalysisLegal professional indemnity stresses push firms to consider their futures
Brokers must support law firms with risk management to battle professional indemnity claim threats and increasing premiums
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NewsSuperscript launches digital emerging risks insurance advisory
The insurtech aims to ’reduce the burden of insurance for businesses’
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NewsInsurtech receives ‘in principle’ approval for Lloyd’s syndicate in a box
The move supports the insurtech’s ambition to build a safety net for those that cannot access insurance easily
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NewsInsurance sector must ‘look calmly’ at the lessons learned from BI test case – John Glen
Economic secretary to the Treasury believes ‘brokers will play a crucial role in rebuilding consumer trust and developing clearly worded policies going forward’
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AnalysisAviva to accelerate regional broker investment and underwriting footprint expansion
The insurer tells Insurance Times its plans for mid-market broker investment and how it is tackling underinsurance
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NewsManifesto 2022: Business interruption insurance needs more clarity – Biba
Biba members have said that a 12-month indemnity period is not long enough
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AnalysisUK’s changing climate will drive industry focus on innovation and risk management
Brokers that can help businesses with “training, monitoring and being ready” ahead of potential flood damage can ensure their commercial clients have a “massive differentiator”
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AnalysisHunting down the truth about trail hunting insurance
Although insurance does not cover illegal activities, such as fox hunting, verifying potential trail hunting-related claims could fall into a protection grey area
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NewsInsurtech Send Technology Solutions makes US debut via partnership
It is a landmark deal for the insurtech
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NewsWTW hires ex-Lloyd’s chief digital officer to lead commercial lines strategy
The new hire has a background in banking and has served on various fintech boards
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NewsPIB Group makes fifth acquisition in Ireland
Insurance intermediary firm grows ‘arsenal’ in Ireland with latest purchase of retail commercial broker
