Insurer News – Page 107
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News
Bikmo partners with Blike for bike leasing fleet customers
The specialist insurer has ‘seen a shift in the bike sector from ownership to leasing’, says chief executive
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Cost of living crisis named as top concern for UK heritage organisations – Ecclesiastical
’Brokers play an important role in helping heritage clients understand the risks they are facing’, says customer segment director
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QBE evens up maternity and paternity leave
The insurer has also added new wellbeing-focused initiatives, including support with fertility
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Half of UK businesses could be underinsured – Aviva
The threat underinsurance plays to SME businesses has reached a ‘critical point’, says chief executive
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Brokers key in ‘shaping London market’s destiny’ for 2023
The broker body intends to support the new PPL, which is set to be rolled out in February
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Business confidence in UK economy plummets – Aviva
The insurer’s latest report found ‘a veritable collapse’ in business outlooks
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Liberty Specialty Markets promotes internally for new chief underwriting officer in London
The appointee has so far ‘contributed exceptional underwriting expertise’ and demonstrated ‘strong leadership’, says LSM’s chief underwriting officer
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MoJ launches consultation on dual discount rates for personal injury claims
It is essential that this ’does not turn into a cost saving exercise that benefits the balance sheet of compensators’, says executive director
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Ageas UK makes two key appointments
The insurer has recruited a new CIO and promoted for a claims director
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Soaring PI costs causing law firms to close – Hazlewoods
Insurers were exiting or reducing their capacity in the ‘unprofitable’ market, says the firm
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Aviva enhances sustainability commitment with new offshore wind market offering
The insurer’s chief executive for UK and Ireland general insurance believes this is an ‘exciting’ ‘growth area’
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Insurance fraud saw 11.2% uptick in 2022 – Allianz Commercial
The insurer’s head of counter fraud says at ’each economic downturn, insurers usually see fraud escalate’
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Climate change, cyber risks and ESG top sector challenges for 2023 – RPC
Climate change, ESG concerns and cyber risks all take their place in the key trends to look out for this year
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Direct Line navigating further motor claims inflation
The insurer noted that claims inflation remains a feature of the market
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Direct Line predicts home and commercial lines claims of £90m
The insurer has scrapped its final dividend for 2022 but has assured shareholders of its intention to restore balance sheet resilience
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Markel International promotes internally for new chief operating officer
The chosen appointee has proven herself to be ‘invaluable’ during her time at the business
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FCA proposes updated guidance to support insurance customers in financial difficulty
The regulator is aiming to solidify its stated support for consumers struggling with the cost of living crisis, says executive director for consumers and competition
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IT Interview
Q&A: Investment in regional branches strengthens local broker partnerships – Axa Commercial
Axa Commercial chief executive Jon Walker tells Savan Shah how the firm is now better equipped to support SME customers
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Markerstudy bags Tradex Insurance Services in Clegg Gifford deal
The buy was revealed on Companies House last week
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Ecclesiastical takes over Brokerbility scheme
The scheme took effect from Thursday 1 December and forms part of the specialist insurer’s ‘ambitious’ growth plans, says corporate buisness director