All Financial ratings articles
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Latest NewsUK insurance market shows ‘divergence’ with London Market prospering while regions suffer
Business interruption will also remain a key risk for 2021, especially for insurers that have non-standard policy wordings, advises ratings agency
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Motor 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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Convex 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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Motor 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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Pet insurance price hikes continue unabated
Pet ownership has been on the rise during the pandemic
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European 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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Lloyd’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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GRP 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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Lloyd’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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Covid-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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Catastrophe 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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Irish 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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End 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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Law 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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Hiscox UK fills key leadership role
Specialist insurer Hiscox has made an interim appointment permanent as it continues to revamp its UK leadership team
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Mactavish warns that ‘premiums are rising dramatically’ due to hardening market
In addition, the firm believes there has been a ‘considerable erosion in the quality and extent of the insurance cover offered to policyholders’, which may not have been flagged by brokers
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‘Blanket’ broker PI exposure following Covid BI fallout is ‘overhyped’ – Fenchurch Law
Following the FCA’s business interruption test case, law firm partner says ‘of course there’s going to be broker exposure’ in relation to professional indemnity claims
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Data 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
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Aviva to sell entire Vietnam shareholding
The move adheres to Aviva’s strategy to focus on its UK, Ireland and Canada markets
