Insurer News – Page 35
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Industry pays tribute to Hiscox’s Bloomer
’His advice and support were immensely valuable to me and he will be dearly missed,’ says chief executive
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Family statement issued after Bloomer dies in yacht sinking
’This is an unimaginable grief to shoulder,’ says family
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Government IPT revenues exceed £3bn for first four months of 2024/25 financial year
However, ’a reduction in IPT is unlikely at the Autumn budget,’ says head of insurance consulting
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Serial fraudster who repeatedly targeted RSA jailed
’It was disappointing to see his name once again when this case landed on my desk,’ says detective constable
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Hiscox chair Bloomer’s body recovered after yacht sinks
Divers have been attempting reach the vessel, which is 50 metres underwater, for the last three days
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FCA warns of potential Gap action repeat in other markets after fair value review
’We’ll continue to take action where we see poor value,’ says director
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Insurance provider launches new policy for holidaymakers
The move comes after research revealed risk-related concerns regarding beach huts and chalets
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New Blueprint Two boss appointed after delays
’These leadership changes will help ensure the market’s objectives are delivered and embedded,’ says board chair
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Markel announces move to new office as employee count grows
’We’re excited to welcome employees, partners and customers to our new office,’ says managing director
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Aviva explains why it’s backing brokers to go for gold at the Insurance Times Awards
Michelle Taylor, broker distribution director at Aviva, talks through the new Insurance Broker of the Year category at this year’s Insurance Times Awards
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Insurtechs team up to develop products for insurer and MGA claims market
’By combining our strengths, we can offer unparalleled solutions that enhance operational efficiency and customer satisfaction,’ says chief technology officer
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Motor broker inks new partnership with Ageas UK
’Adding Ageas helps us to ensure that we find the best prices possible for customers,’ says chief executive
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Hiscox chair Bloomer among those missing after yacht sinks off coast of Sicily
’We are deeply shocked and saddened by this tragic event,’ says chief executive
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Arch opens new UK office to increase broker trading
’We wanted to offer our brokers more opportunities to meet with our underwriters face-to-face,’ says branch manager
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Carbon insurance is in ‘startup phase’ – CFC
Equally, AI risks are often ’implicitly’ covered within E&O policies – however, more ’exclusionary’ terms could be on the cards if the technology goes wrong, says innovation manager
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NSM completes acquisition of AllClear’s UK-based owner
’We are thrilled to officially welcome AllClear and InsureandGo to the NSM family,’ says chief executive
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MGA announces new multiyear capacity agreement
’Securing additional capacity like this gives us the headroom and certainty we need to expand further into new lines,’ says chief executive
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Aviva will ‘focus on long-term, consistent, stable pricing’ rather than ‘chase short-term blips’
Despite acknowledging that home insurance needs ‘more rate’, insurer’s UKGI boss plans to ‘maintain pricing discipline’ and avoid reacting to ‘short-term choppiness’ in rate movements
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High Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories from this week
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The biggest insurance industry deals from this week
Insurance Times rounds up the biggest mergers, acquisitions, sales and capacity deals from 12 to 16 August 2024