Financial – Page 60
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NewsBeazley’s GWP doubles to 16%
Significant underwriting actions have also been in place since September 2020 due to surging claims driven by ransomware
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NewsEmployment claims influx ahead following furlough scheme closure – ARAG
Rates in the employers practices liability insurance market were hardening prior to the pandemic – some non-specialist providers had already withdrawn
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News‘Appropriate’, not heavy, regulation needed for broking sector – Biba
The FSCS’s initial £1.04bn levy figure ‘must have been scribbled on the back of a fag packet’, says the trade association’s non-executive director
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NewsBiba 2021: Day One
An expert panel at Biba’s conference yesterday debated the issues that arose from coronavirus-linked BI claims, and highlighted related upcoming issues
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NewsSoaring premiums see customers borrow more to pay for cover – Premium Credit
With 19% of those borrowing money to pay for insurance also being furloughed, the Covid-19 pandemic has been a key driver for premium finance
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NewsZurich’s premium up by 14% in property and casualty
The group is on track with its strategy and financial plans, according to the group’s chief financial officer
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NewsAllianz Holdings records 10.6% drop in GWP for Q1 2021
Alongside a dip in commercial lines GWP, Allianz Insurance has issued payments for more than 80% of accepted Covid-related BI claims
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NewsAgeas UK reports ‘a solid quarter’ to kick-start 2021
Reduced claim volumes in the insurer’s private car book has helped support a ‘strong combined ratio and net result’ in quarter one
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NewsNew SchemeServe Network could double brokers’ GWP from schemes
The new network is supported by a panel of seven insurers that specialise in schemes, including AXA and Hiscox
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NewsTop 50 broker buys Ryan Insurance Group
Ryan Insurance Group’s chairman will step down following the completion of the acquisition to pursue other interests
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FeaturesBriefing: Henderson-Aon deal shows consequences of consolidation
Joe Henderson’s new broker is a direct rival to Aon - and there are consequences
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NewsRSA takeover set to complete by end of May
As the deal with Intact and Tryg receives regulatory approvals, group chief exec says the business ‘has never been in better shape’, despite paying more than £45m for BI-related Covid claims
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NewsUS motor disruptor accepts world’s first bitcoin premium and claims
US disruptor to buy $10m bitcoin in preparation for the move
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NewsAston Lark Ireland launches amid merger completion
The broker’s launch into the Irish market marks a ’significant milestone’
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NewsTesco Bank bags Ageas UK’s stake of underwriting arm
The move also supports Ageas’s recently announced business strategy to focus on its core business
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News AnalysisD&O market challenges remain as capacity and conditions still a concern
Underwriters are ‘wary’ of claims against board members, therefore brokers must work to differentiate their clients’ risks
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NewsInsurtech sector reaches mega deals ‘record high’ in Q1 2021
The top three largest rounds were Next Insurance, Coalition and Zego
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NewsMotor insurance premiums record biggest quarterly fall in 2021’s Q1 - ABI
The average price paid for motor insurance is at its lowest in nearly five years
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NewsCFC inaugurates new Lloyd’s Syndicate
The launch hopes to bring emerging and digital economy risks into the Lloyd’s market
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