Commercial Lines articles – Page 88
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NewsAviation sector should expect Covid impact on EL claims and hull policies – Weightmans
Legal expert outlines the claims exposures insurers in the aviation and aerospace market should expect to see this year
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NewsSpecialist Risk Group buys construction sector MGA
Chief executive Downey says ‘developing a market leading MGA capability is a central element of our strategy’ for 2021
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NewsWoodgate and Clark buys Manchester-based loss adjuster
The move is designed to fast-forward business growth says managing director Scarrett
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NewsFCA is ‘front and centre’ of BI debate due to ‘interventionist approach’ – Weightmans
Friday’s Supreme Court ruling on business interruption policy wordings may also be used by the Financial Ombudsman Service, increasing the potential exposure for insurers
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NewsCare homes reject new patients due to ‘insurance dilemma’
Insurance premiums for care homes have also been rising
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NewsNew Dawn Risk’s UK division to serve ‘clear demand’ for big broker alternatives
During these challenging times, there has been a demand in the UK market for alternatives to big brokers that still have the expertise to help businesses
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NewsEthos Broking’s Finch buys HNW commercial broker in its first deal of 2021
The firm has made a total of 12 acquisitions since joining Ethos Broking in 2016
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NewsIrish insurer offers partial premium refunds to some pub owners over BI confusion
However, it is reported that less than 10 pubs will be receiving this support
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NewsPIB Group launches 2021 acquisition strategy by purchasing construction broker
PIB chief executive says the acquisition marks ‘the start of many more exciting developments to look forward to this year’ as the business plans to grow in Europe
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NewsPen Underwriting strikes capacity deal with Zurich for hazardous goods and tanker transportation
The five-year deal will see Zurich provide capacity for £165m worth of premiums
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NewsEngagement in the FCA’s BI court process ‘a good thing for the industry’ says Ageas claims boss
The insurer’s claims director believes the insurance sector has taken a ‘collaborative approach’ to dealing with the BI claim fallout arising from the coronavirus pandemic lockdowns
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NewsSRG buys equestrian broker following investor backing
Group chief executive says the acquisition’s ‘sector expertise is exactly what we want to develop’
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NewsLloyd’s underwriting room to open on Wednesdays only amid Tier 4 lockdown
The London market took the same measure during the national lockdown earlier in the autumn
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NewsLloyd’s to stop insuring fossil fuel projects by 2030
The London market will aim to reduce premium income from fossil fuel to just 2% of premium income by 2022
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NewsCatastrophe losses cost insurers $83 billion in 2020
Losses from secondary peril events are forecast to increase, driven by climate change - Swiss Re sigma
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NewsRSA confirms managing director for London Market business
The interim posting has been made permanent
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NewsNovidea looking to grow internationally following specialist broker on-boarding
Novidea is targeting commercial non-commoditised business
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NewsData sharing needs to improve for London Market to lead in cyber insurance
A panel of industry experts highlight why London is the natural “hub” for cyber insurance provision and what the market needs to do to lead from the front in this product line
