Insurer News – Page 139
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NewsAA shuts down concerns over lack of insurance for new E10 petrol
The move to E10 petrol is part of the government’s efforts to reduce CO2 emissions
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NewsLloyd’s Lab reveals seventh cohort with cryptocurrency focus
Lloyd’s Lab also accepted wildcard entries that presented solutions outside the core themes, claims and cryptocurrency
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NewsInsurance industry backs government’s live event reinsurance scheme in partnership with Lloyd’s
Several syndicates in the Lloyd’s market, including Arch, Beazley, Dale Underwriting, Hiscox and Munich Re, are supporting the initiative
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NewsAllianz Holdings GWP dips across all business areas in 2021’s H1
The insurer says it is still grappling with the ramifications of the Covid-19 pandemic – for example, it has made payments on 87% of its accepted business interruption claims
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NewsHiscox London Market names new CFO
The new hire has previously worked at Aspen Group and has a broad background in banking and insurance
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NewsRSA reports loss for first half of 2021
The insurer admits it is in a transitional period following Intact and Tryg takeover
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NewsDirect Line launches standalone cycling insurance product
It provides public liability and personal injury cover to riders
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NewsHiscox continues to take action on cyber products following ransomware surge
Human error is the ’biggest vulnerability’ when it comes to cyber attacks, says the insurer
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NewsHastings Group records profit before tax of £76m for 2021’s H1
Live customer policies have improved 4% year-on-year to reach 3.1 million by the end of June
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NewsLegal and General boosts dividend after operating profits total £1,079m in H1 2021
The insurer will be returning £309m to its shareholders in September
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NewsHiscox pays homage to outgoing chief executive Masojada
Hiscox will be entering a new chapter and incoming chief executive Aki Hussain will take over from Masojada
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NewsCyber insurance ‘needs to evolve’ as it is ‘not the right product’ for the future – Hiscox
Incoming chief executive says the insurer is reaping the benefits of taking a more preventative stance
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NewsDirect Line completes ‘heavy lifting’ of technology transformation
The insurer’s chief exec says transformation is ‘not just about tech’, but pairing it with the right cultural mindset
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NewsDirect Line’s profits return following pandemic-stricken motor market hit
Its gross income from car insurance premiums fell by 6.2% in the first half of 2021 due to fewer cars on the road, yet chief exec says the firm is ’entering the second half of the year with ambition and confidence’
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NewsHiscox boosts profit in first half of 2021
Chief executive confirms that nearly 4,000 full and final or interim BI claims payments have been paid as at the end of July
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NewsOIC portal has had ‘troubled start’ – Sabre Insurance
Chief executive believes part one of the whiplash reforms have so far been ‘clunky’, ‘complicated’ and ‘much more difficult’
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NewsAgeas to offer Sainsbury’s Bank customers motor insurance
The move signals the insurer’s ‘commitment to our chosen market of personal lines’, says chief distribution officer
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NewsAxa’s ‘P&C profitability bounced back’ in 2021’s H1
Group chief executive is ‘confident about the future’ of subsidiary Axa XL, which has been a key driver of financial success in the first half of the year
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NewsSwiss Re concerned over increasing extreme weather risks following UK flash floods
Insured damage needs to remain as ’something that is exceptional rather than something that happens as a matter of course’ for the insurance industry to continue providing cover
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NewsZurich urges cross industry collaboration on AI risks and opportunities
There are few AI insurance policies that are commercially available and losses are not explicitly covered by traditional insurance coverage
