Financial / Results – Page 71
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NewsConveyancing firm’s demise highlights solicitors’ PI cover crisis
The 24 staff of conveyancing firm Notary Express should have been enjoying a well-earned Christmas break after a successful year. Instead they are having to find another job because no insurer will cover the professional indemnity risk
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NewsMotor premiums fall by 2.5%
Figures for the last six months show a decline in premiums as fewer journeys made during lockdown
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NewsConvex parts with SCOR to secure post-Brexit EU access
Partnering with an EU entity is one of several ways by which a UK insurer or broker can continue to trade on the continent after Brexit
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NewsMotor insurers predicted to save £4.4bn on claims payouts this year
A dramatic shift in vehicle use has led to a decline in claims this year
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NewsPet insurance price hikes continue unabated
Pet ownership has been on the rise during the pandemic
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NewsEuropean Commission to extend Aon-Willis merger probe
The Commission has until May next year to make its decision on the merger
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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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NewsUS private equity firm buys majority stake in broker Specialist Risk Group
SRG has a pipeline of acquisitions planned for next year on the back of its fresh investment
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NewsGRP reports year of growth despite pandemic headwinds
Global Risk Partners reported strong growth in 2020 fuelled by its acquisitions and underwriting performance
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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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NewsCovid-linked D&O claims are ‘a significant area for focus’ – Fenchurch Law
In particular, firms facing insolvency may struggle to find cover under directors’ and officers’ policies due to recently implemented coronavirus exclusions, says law firm partner
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IT InterviewInvestment platform Seedrs aiming to become ‘go to’ funding source for insurtech
Seedrs chief investment officer tells Insurance Times about the firm’s ambitions as well as the state of the investment landscape during the pandemic
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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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NewsIrish regulator finds that ‘dual pricing is evident’ within home and motor markets
Customers with the longest tenures are paying the most for insurance, according to market analysis
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NewsEnd of a mutual: LV= members to receive cash windfall after private equity sale
LV= previously sold its general insurance business to Allianz last year
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IT InterviewM&A activity is “more frenetic now then it’s ever been” – Ethos Broking
The Covid-19 pandemic is accelerating M&A conversations, with many brokers considering whether to de-risk their assets
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NewsLaw firm partner predicts ‘more and more coverage disputes’ for excess layer insurance
Brokers may well get caught in the ‘argy-bargy’ too if primary insurers and excess layer insurers disagree on coverage decisions
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NewsHiscox UK fills key leadership role
Specialist insurer Hiscox has made an interim appointment permanent as it continues to revamp its UK leadership team
