Financial – Page 13
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News
Copart UK announces expansion to meet insurer demands
’We’re very excited to announce our plans to develop a new operation centre,’ says chief executive
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Hiscox grows UK business as COR improves across London market and retail divisions
’I am pleased with the progress we have made this year in maximising the strength of our portfolio of businesses,’ says chief executive
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Howden launches blended insurance product amid rising cyber attacks
’The product will help clients navigate this difficult environment,’ says managing director
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SMEs cancelling at least one policy as more than half rely on credit to fund cover
‘Insurance is vital for business operations,’ says chief sales officer
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IT Interview
Jaime Swindle Q&A: ‘Service has become an industry wide challenge’
’Our understanding is that MGAs have fared better with service, but we cannot become complacent,’ says chief executive
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RSA reports £9m loss in H1 2023
It came after RSA announced its exit from the UK personal lines motor insurance market
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Buberl responds to Axa XL Re sale speculation
’We have certainly reduced our exposure to natural catastrophes,’ says chief executive
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Insurtech funding falls for Q2 2023 – Gallagher Re
’Insurtech now in a secondary phase’ focusing on the ’how’ rather than the ’what’ says reinsurance broker’s global head of insurtech
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The Clear Group boosts revenue and ebitda in 2022 after acquisition spree
’2022 marked an exceptional year for the Clear Group,’ says chief executive
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Former Hastings chairman leads £2.7m fundraise for Percayso Inform
’We believe that Percayso Inform will play a key role in helping insurance providers of all shapes and sizes,’ says managing director
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Beazley boosts H1 2023 GWP following growth in cyber and property
’The excellent conditions in the property market persisted into the second quarter,’ says chief executive
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Insurance Times’ eTrading webinar now available to watch
The webinar comes following the launch of Insurance Times’ annual eTrading survey
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Movo reveals startup brokers ‘booming’ as network surpasses member target
’We’re thrilled to see so many startup brokers flourishing under our model,’ says managing director
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Increases in motor insurance premiums outstrip CPI inflation
’Motorists are facing the sharpest acceleration in premium rates,’ says UK head of P&C pricing
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News
Sabre issues statement as MCE Insurance placed into administration
The move will determine whether MCE should continue to trade, be sold or be wound down in an orderly way
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Drivers with penalty points at risk of significantly heightened premium costs – Forbes Advisor
’Data shows a drastic increase from just one to three points,’ says expert
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Flood Re grows policy numbers and GWP despite profit drop
The mutual reinsurer has also given an update on the uptake of its Build Back Better scheme
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News
RSA expands professional indemnity offering with new product for brokers
Head of professional indemnity says new offering ’will play an important role in helping us meet the diverse needs of our brokers and customers’
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IT Interview
Paul Wingfield Q&A: What the delegated MGA market should move ‘entirely away from’
’We do see an increasing number of carriers agree that this is the way to bring stability to their own participation in the MGA market,’ says managing director