Insurer News – Page 2
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NewsIndustry warned of looming insurance leadership crisis after M&A surge
’Whether leaders leave for new jobs, or leave the sector altogether, they will take with them years of experience, in some cases decades,’ says chief executive
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NewsAI usage in insurance is an ‘evolution, not revolution’ – Hiscox
Insurer’s head of technology emphasises that AI is ’a tool to enhance existing practices’, rather than act as a replacement for current people and processes
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NewsCovéa Insurance plans to re-enter EV insurance market in 2025
The underwriter first pulled back from insuring fully electric vehicles as part of its relationship with retailer John Lewis in 2023 after getting cold feet about repair costs
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NewsUK insurtech raises $90m in latest funding round
‘Our ambition is to become a one-stop-financial-shop for newcomers, so they feel as though it’s easy to move to, and live in, a different country,’ says co-founder
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NewsCovéa collaborates with brokers on data sharing and risk management – Georges de Macedo
Chief executive emphasises that ‘good relationships with brokers’ is ‘very important’ for the insurer
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NewsMiddle discusses how Ageas will take on Aviva and DLG with Esure
’The fundamentals of the market are such that you can make money if you operate and focus in the right way,’ says chief executive
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NewsRSA to rebrand following NIG and FarmWeb acquisition
’Having brought RSA, NIG and FarmWeb together in 2024, we said we would move to one brand in the UK,’ says chief executive
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NewsAgeas agrees to acquire Esure for £1.3bn
Ageas says the deal will create the third largest UK personal lines platform
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NewsHigh Five: Catch up on the biggest exclusive stories this week
Insurance Times rounds up the biggest exclusive stories from 7 to 11 April 2025
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NewsEx-Arch and Aviva leader joins MGU as COO
’I look forward to playing my part in helping ensure it has the right technology and infrastructure in place,’ says appointee
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NewsAllianz UK focuses on ‘balance between volume and margin’ to weather cyclical market storm
Inflation and the transition from a hard to soft market in UKGI has impacted insurers’ full-year 2024 results – but insurer chief executive emphasises the importance of disciplined underwriting in managing market cycles
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NewsBrokers increasing interest in digital automation and GenAI – Aviva
’We will continue to work with our brokers and leverage the promise of digital technology to ensure we meet the needs of our business customers,’ says innovation director
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NewsAgeas UK is ‘very interested’ in embedded insurance – Ant Middle
The personal lines insurer is exploring new embedded product propositions ‘right now’ as chief executive believes this model is ‘really important to the future development of our business’
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NewsCovéa swings back to profit but GWP drops
These results come in the middle of the insurer executing its three-year strategic plan
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NewsSaga announces board reshuffle as two members step down after Ageas deal
’Their expertise in their respective fields of media and insurance have proven invaluable,’ says non-executive chairman
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NewsFraud on the rise as Aviva reports fake claims up 14% in 2024
‘Investment in advanced analytics, machine learning models and continuous training for our people has significantly improved our fraud detection rates,’ says counter fraud leader
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NewsMarkel makes multiple senior hires to expand broker capabilities
’We aim to further develop broker partnerships and strengthen market presence with distribution and underwriting experts in 2025,’ says UK divisional director
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NewsBeazley promotes for new head of international cyber risks
’I have seen her build an impressive market reputation as a leader in the cyber space,’ says head
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NewsInsurance DataLab appoints two insurance veterans to advisory board
’Both bring extensive experience across underwriting, strategy and distribution,’ says co-founder
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NewsLloyd’s broker integrates businesses under unified brand
’As we move forward together, our businesses are unified in terms of quality of service and in providing tailored and innovative solutions to meet the unique needs of every client, agent, broker or underwriter,’ says chairman
