Insurer News – Page 140
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News
Brit Insurance sees GWP increase by 14.2% amid Covid uncertainty
Brit’s group chief exec says Ki has had ’very positive reception’ from its broking partners
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Lloyd’s launches plan to accelerate UK’s transition to net zero
There is a ‘pressing need for a coordinated global effort to effect monumental transformation’, says insurance taskforce chair
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Markel UK and Cytora partnership set to accelerate profitable growth
The insurer aims to become a ’digitally enabled insurance company’
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Ecclesiastical Insurance and Shepherd launch new smart property proposition
The technology aims to help protect some of the UK’s most prestigious properties and sites
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Subsidence claims increased by 49% in last year – LV=GI
The spike in claims was triggered by the increase in building surveys related to house sales, as well as significant heatwaves
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Sabre Insurance to launch flexible motor insurance product in H2
The insurer has plans to make the new product available for its 1,000 UK broker partners too
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Sabre sees dip in GWP for 2021’s H1 as pandemic ramifications continue
However, the insurer’s chief executive has ‘cautious optimism’ as the firm records portfolio growth of 2.8% between 2021’s Q1 and 30 June
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Lloyd’s of London hires ex-cabinet secretary Sedwill in council role
He succeeds Andy Haste, who will shortly have completed nine years as Lloyd’s deputy chair
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Staysure Group seeks to reform pet insurance with new product
Its new policy can be tailored to cover multiple cats or dogs under a single cover
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Lloyd’s of London names first female deputy chair
She has worked in the Lloyd’s market for 40 years
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Beazley bolsters GWP by 22% in first half of 2021
Chief exec is ‘excited about the growth opportunities ahead’ as profit before tax improves from 2020’s loss position
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QBE vows to ‘do more’ after publishing first UK ethnicity pay gap report
QBE has laid out what it will be doing to address its ethnicity pay gap
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IT Interview
e-trading Q&A: Allianz reflects on four star rating for third consecutive year in e-trading survey
Allianz’s digital trading manger, Julie Tongue tells Insurance Times’s head of research Savan Shah about its improved ranking to second position and achieving a four star rating for the third consecutive year in the e-trading star ratings survey
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Slug and Lettuce owner sues three insurers for £846m over covid business interruption losses
The pub group was forced to close all 760 of its pubs, bars and restaurants
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Pool Re warns of ‘potential terrorist threat’ to retail and hospitality sectors as lockdown lifts
The government is considering new legislation called a ‘protect duty’ that puts greater responsibility on business owners and operators
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Lockdown lifting set to spark crash for cash induced collisions – Ageas
The insurer’s claims director says that as lockdown has made it harder for these scams to occur, there could be a spike when restrictions lift
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Broadway Insurance Brokers warns holiday makers against ‘amber gambling’ with travel insurance policies
Broadway Insurance Broker’s director of private clients says this is the next phase of the fallout following business interruption claims
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Almost half of executives think insurers don’t understand their business – Beazley
Only 54% of Beazley’s survey respondents believe that insurance is meeting their businesses’ challenges very well
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London named as UK’s car theft claims hotspot – Co-op Insurance
Lambeth topped the list in London, with Kensington and Chelsea coming in second
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FCA issues £90m fine to LBGI for misleading home insurance communications to customers
Home insurance customers were told they were receiving a ‘competitive price’ or ‘discount’ for loyalty at renewal, however this language was not substantiated