Commercial Lines – Page 64
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NewsDirect Line Group gunning to be the ‘insurance company of the future’
In a live video stream this morning with journalists, Direct Line Group’s chief executive Penny James said the insurer hopes to support customers across their entire insurance lifecycle via a fully digital ecosystem
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NewsCovid-19 pandemic creates new cyber threats
A recent Insurance Times webinar, sponsored by CGI, took a look at the evolving cyber threats arising in the wake of the Covid-19 pandemic
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NewsSpecialist Risk Group makes fourth acquisition this year
The acquisition ’perfectly complements’ SRG’s goal, according to chief executive Warren Downey
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NewsPaying cyber ransom threats is to ensure customer survival says expert panel
Although a ‘contentious area’, industry leaders said cyber insurers that pay customers’ ransom payments are simply aiming to make ‘sure our customers survive after a particularly unpleasant incident’
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NewsZurich promotes new commercial insurance chief executive
The insurer’s former chief executive of commercial insurance is leaving the business to pursue other opportunities
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NewsAston Lark confirms third acquisition this week with Bristol broker purchase
Group chief executive says he is ‘excited about further expanding our presence in the South West’
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NewsJM Glendinning blazes acquisition trail following North West broker investment
Tim Johnson, JM Glendinning’s executive chairman, says the broker plans to supplement its strong organic growth with a series of strategic acquisitions
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News AnalysisBI test case was ‘a difficult moment during the year for RSA’ says UK boss
The insurer’s chief executive for UK and international business admitted that ‘there’s work to be done in 2021’ around business interruption coverage and reputational repair
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NewsLive music and insurance industries call for government backstop for Covid cover
To provide the confidence and security to restart live music events this summer, the insurance and music sectors believe the government must ‘bridge the gap for coronavirus cancellation insurance’
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NewsJacqueline McNamee’s insurtech MGA plans rapid expansion
The insurtech MGA’s chief executive McNamee says the firm is in a ‘strong position’ to drive exponential growth
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News‘Every building should have a safety logbook’ – Building Safety Register’s Matt Hodges-Long
In a recent webinar, the Building Safety Register’s co-founder discusses why every building should have a safety logbook and how it might help the insurance industry manage risk four years on from Grenfell
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Newsiprism unveils product for unoccupied properties
Brokers expect an increase in unoccupied commercial properties as a result of economic disruption
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News‘Doing nothing is not an option’ following BI test case says ABI’s Huw Evans
The director general admitted that communications to company owners regarding their business interruption coverage was ‘too harsh and too insensitive’ early on in the Covid-19 pandemic, and that cyber insurance is the next coverage insurers and brokers need to keep an eye on
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NewsAXA reports 3% drop in gross revenue for UK and Ireland in 2020
The insurer has also sought to minimise future exposure to Covid-19 claims by using exclusions within its business interruption and event cancellation policies
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NewsInsurance industry braces as Fire Safety Bill debated in parliament
The House of Commons today debates the Fire Safety Bill, identifying key amendments that could affect the insurance sector
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NewsGRP buys Ipswich-based broker
The broker will remain as a standalone business, but hopes to now target substantial growth as part of GRP
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NewsAgeas UK records 2% drop in gross income for 2020
Chief executive says the business has ‘a solid foundation on which to build’ for this year
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NewsCommercial insurance pricing up by 44% in UK – Marsh
Global commercial insurance pricing was also up by 22% in Q4 2020
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NewsControl systems are in cyber criminals’ crosshairs, warns report
The London market has been warned it needs to better understand the rising threat of cyber attacks to industrial and manufacturing facilities, as criminals switch their focus to find new ways to extort and disrupt businesses
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NewsAston Lark expands construction offering with new industry buys
Group chief executive says the firm’s latest purchases will help it continue to ‘grow in construction insurance’
