Insurer News – Page 77
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MGA launches marine equipment product to meet broker demands
’We expect that the market will only grow as the energy transition progresses,’ says underwriter
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Monzo snaps up DLG venture boss ‘to lead charge into insurance’
’I can’t wait to take all my learnings into this next phase with Monzo,’ says new appointee
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Markel to bolster distribution strategy as industry becomes more digitised
’At Markel, distribution is at the forefront of our strategy,’ says managing director
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Insurance update issued as Luton Airport confirms car park will be demolished after fire
’It is reassuring to note that the vast majority of insurance claims have been settled,’ says operations director
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High Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories of this week, 30 October to 3 November 2023
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Heightened fraud risk in the wake of recent storms – McLarens
’As we grapple with the aftermath of successive weather-related events, the risk of fraudulent claims looms large,’ says head of investigation
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FM Global appoints new executive vice president
The new appointee will assume responsibility for overseeing various global market divisions
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New GTA independent chair appointed
’I look forward to playing my part in effecting the compromises that will be required to get a successful result,’ says new appointee
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Cowbell ‘deepens focus’ on US and UK SME markets with new investment
‘This milestone is a testament to our expertise, culture, and market leadership’, says founder
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Storm Babet a warning for UK insurers to focus on building resilience
’Insurance can be a very important part of building resilience to the increase in weather-related disasters,’ says senior lecturer and coauthor
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Tesco Bank appoints new chief underwriting officer
’He brings a breadth of experience and technical expertise,’ says chief insurance officer and underwriting chief executive
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Insurers face surge in burst pipe claims this winter if homeowners keep heating off
’As temperatures begin to drop, the risk of frozen water leading to burst and damaged pipes rises,’ says manager
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And-E appoints new chief product innovation officer
’My new role will bring together commercial, market and future insight from both within and outside the business,’ says new appointee
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Axa UK urges government to mirror Labour pledge
’We renew our call on the government to mirror Labour’s recent announcement,’ says chief executive
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Simply Business signs data deal to bolster decision making
’Efficiency and accuracy are key when securing small business cover,’ says UK chief executive
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Top insurers in UKGI revealed
‘In such a tough market, we’re delighted to recognise these top achievers,’ says cofounder
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Trade credit insurance payouts surge in H1 2023
The rise reflects ’the continued challenging trading environment faced by many UK firms’, says ABI
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Risks associated with AI and big data becoming more of a concern – Axa
’As an insurer, our role is to propose solutions and we are fully mobilised to fulfil it,’ says chief executive
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Home premiums set to rise as insurer profitability takes hit after ‘worst performing year’
’We expect levels to rise further for the remainder of the year and into 2024,’ says financial services markets leader