Insurer News – Page 169
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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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NewsIs this the future for Lloyd's? Digital syndicate in successful start
Ki has also developed and released its first broker API to allow brokers to integrate digitally with the syndicate’s algorithm
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NewsCo-op’s former underwriting business in run-off amid Markerstudy deal
Soteria Insurance has an arrangement with Markerstudy Group whereby it will administer Co-op’s car and home policies up to renewal, if bought before 3 December
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NewsZurich warns e-commerce boom could spark warehouse blaze uptick
Zurich’s claims data shows the average cost of large warehouse fires is £5.9m
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NewsAviva extends building insurance to new customers with cladding woes
The insurer wants to provide a ’transparent, sustainable framework’ to help residents whose buildings have external combustible cladding
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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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NewsWolseley restaurant owner in battle over business interruption payout
The FCA test case ruled in favour of the majority of policyholders, however some businesses are still allegedly struggling to get payouts
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NewsGovernment set to define ALKS as self-driving despite insurance industry warnings
Insurers and industry bodies urge caution as the government accelerates its plans for the implementation of automated lane keeping technology
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NewsABI reveals launch of inaugural flexible working campaign
Exactly 27 firms have signed up to the new charter, designed to ‘tackle’ gender inequality as well as retain and attract new talent
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News AnalysisPost-Covid recession and hard market drives advice-led broker opportunities
Mitigating underinsurance using risk management should be a key strategy for commercial brokers, recommends expert panel
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IT InterviewDavid Williams: ALKS cannot be considered automated or ‘we’ll see deaths’
The insurer is ‘quite nervous’ about the government communications and customer perception surrounding automated lane keeping system technology
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NewsSupreme Court holds insurer liable for bar patron death
Judges find that exclusion within public liability policy does not apply to Aberdeen case
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News AnalysisD&O market is ‘absolutely brutal’ and ‘in a world of pain’ as a result of hard market
However, insurers are looking to grow and are selecting some ‘quite aggressive targets’, says expert panel
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NewsKatie Price’s ex-husband jailed over bogus car insurance claim
The insurer argued that he should be jailed for ’knowingly giving a false statement’
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NewsExtinction Rebellion dumps fake coal at Lloyd’s in fossil fuel protest
The action marks the first protest for coalition Insurance Rebellion, which is targeting Lloyd’s
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NewsFCA pricing reform timetable is still ‘too short to be achievable’
Under two-thirds of insurers believe more time is needed to implement pricing changes
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NewsAllianz reveals £65.8m worth of insurance fraud in 2020
Cavity wall insulation claims remain a heavy focus for fraudsters
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NewsFCA’s pricing reforms are ‘right step’ – Covéa’s James Reader
The chief executive believes that pricing changes are not something that could be achieved with ‘small tweaks’
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NewsAviva promotes personal lines MD to chief distribution officer
The insurer confirmed today that Phil Bayles will be leaving the firm for a new role at Ardonagh Advisory
