Financial – Page 43
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NewsUK cyber rates increased by more than 30% in 2022’s Q1 – Aon
Underwriting cyber risks remains ‘time consuming and demanding’, according to the broker
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NewsLloyd’s of London names its official investment platform operator
The platform allows different capital providers in the Lloyd’s market to co-invest in tailored funds
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NewsThe Ardonagh Group posts 29% adjusted ebitda growth for Q1 2022
The broker also reported a 44% increase in total income for 2022’s first quarter
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NewsAndrew Marr: ‘Levelling up is not happening’ and risks remain
The broadcaster predicts that the UK government’s levelling up strategy will be the biggest item on its agenda this year
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AnalysisBriefing: Inflation to test industry and clients alike
Brokers must ready themselves for tough conversations if they are to nip potential underinsurance in the bud
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NewsAviva reports 5% general insurance GWP uptick for 2022’s first quarter
But the insurer’s UK COR for general insurance has worsened by 7.3 percentage points year-on-year
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NewsInsurance DataLab names best broker in UKGI
It marks the second consecutive year the broker has finished on top in the market intelligence firm’s rankings
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NewsSkyline Partners scoops $1.75m in funding amid next growth phase
There has been increased traction for parametric solutions in the market
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NewsAdam Winslow: Managing inflation means separating commercial lines from personal lines
Despite the challenges of inflation, there is an opportunity for both insurers and brokers to do ‘really well’ through better understanding insurer risk appetite, says UKGI boss
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NewsRising inflation is of ‘serious political concern’ to insurance sector – Elisha Walia
The insurance sector should not assume that the economic environment is ‘transitory’
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NewsBrokers’ commission must be ‘reflective of the value’ provided to customers, says FCA
The regulator’s executive director of consumers and competition emphasised that brokers must not recommend a product based on their own remuneration, although ‘high prices may sometimes be appropriate’
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AnalysisBriefing: FCA backs Biba on FSCS levy reductions, but admits change ‘will take some time’
Despite some alignment in thinking, Biba’s chair still believes the regulator needs to take ‘a long, hard look at its own responsibilities and approach to our low risk sector’
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NewsNatural catastrophe claims knock Q1 P&C operating profit for Allianz Group
Chief executive states that the insurer’s ‘results demonstrate that our business can withstand significant geopolitical and economic pressures’
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AnalysisBriefing: How rising interest rates will impact broker acquisitions
Global M&A activity could be influenced by increasing interest rates and the dip in the dollar’s value
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Sponsored ContentPearson Ham: How have the general insurance pricing practice remedies impacted market rates?
Pearson Ham’s director of insurance pricing, Stephen Kennedy, discusses the impact of the FCA’s pricing reform in the home and motor markets
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IT InterviewAndrew Johnston: Insurtech sector on cusp of ‘better democratisation of capital’
Gallagher Re’s global head of insurtech tells Insurance Times the key takeaways from the reinsurance broker’s latest report, explaining why the US market presents an opportunity for UK insurtechs
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NewsRussia-Ukraine conflict sees Beazley predict £41m plunge
The insurer’s chief executive, however, ‘remains confident’ in its combined ratio guidance for 2022
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NewsAxa’s property and casualty revenue up 2% despite ongoing Russia-Ukraine tensions
The group’s chief financial officer says it has stopped writing all new insurance business for Russia
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NewsDirect Line estimates extreme weather claims to reach £40m
The insurer says these potential claims are within its budget for the year
