All articles by Katie Scott – Page 23
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NewsDirect Line Group reports £857.1m GWP for 2021’s Q3
Chief executive says the insurer has made ‘strong progress’ so far this year and is ‘on track’ to meet the FCA’s upcoming pricing reform deadline
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NewsGRP-owned Premier Choice Healthcare buys Bournemouth-based business
The broker plans to apply ‘the acquisition success’ it has achieved in the UK retail commercial broking market to the PMI sector
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NewsInsurance Task Force launches framework to improve disaster resilience
Lloyd’s chair says ‘the global insurance industry has a crucial role to play in addressing the needs of developing countries’
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NewsPIB Group extends Irish footprint with retail broker buy
The deal marks the broker’s 11th acquisition in 2021 and its third purchase in Ireland as the firm continues its international expansion strategy
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NewsTrade bodies band together to create standardised product governance assessment form
Without cross-market guidance, the new rules had the potential to ‘snowball into an unmanageable administrative burden’ for insurance market participants, says LMA head of regulatory affairs
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AnalysisOpinion: Competition concerns thwart Top 50 Brokers switch up
Editor Katie Scott reviews some of the predictions around this year’s Top 50 Brokers report, also considering the acquisition that could change the lay of the land next year
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NewsFilm and TV production Covid support scheme extended following broker support
Tysers director described the move as ‘fantastic news’ because the scheme ‘was the only way to get projects back into production and the industry back on its feet’
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NewsFlood Re chief exec urges focus on ‘Build Back Better scheme’ as ‘resilience is not being prioritised’
Homes need to be built ‘in the right place and in the right way’ to help make them ‘more resilient to rising temperatures and an increased risk of flooding’
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NewsForum of Insurance Lawyers elects new president from BLM Law
Key agenda items for the membership organisation in the next year includes climate change, diversity and inclusion and business transition post-pandemic
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NewsBeazley reports GWP improvement of 29% for 2021’s Q3
Chief executive believes the insurer is in a ‘great position to capitalise’ on the ‘the opportunity in the cyber market’
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NewsAxa’s P&C total revenue grows 5% in first nine months of 2021
The insurer’s quarter three financial update reveals commercial lines revenue growth of 7% in the nine months to 30 September 2021
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NewsAxa to launch €1.7bn share buyback programme
The insurer plans to cancel all repurchased shares
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NewsHome and motor insurance markets predicted to be loss-making in 2022 – EY
The professional services firm also believes insurers will need to increasingly focus on environmental, social and governance factors
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AnalysisBriefing: Pace of technology innovation must be maintained
Insurance Times’ Tech and Innovation Awards showcased the great variety of digital solutions supporting the insurance sector
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AnalysisDavid Howden proven to be ‘an extraordinary operator’ following Aston Lark acquisition
Insurance Times speaks to the industry on Howden’s most recent purchase, which ‘on paper, looks great for all parties concerned’
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NewsHastings Group reports £103m profit before tax in 2021’s Q3
Chief executive says the insurer is ‘well positioned to take advantage of upcoming market changes’ as it seeks to fulfil ambition of becoming ‘UK’s best and biggest digital insurance provider’
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NewsHiscox has paid out 5,153 BI claims in first nine months of 2021
In his last quarterly trading statement as chief executive, Masojada describes the insurer as being in ‘good shape’
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NewsFloodFlash expands relationship with reinsurer to strike capacity deal
Insurtech boss says the partnership will ‘set the standard for how underwriters and insurtechs can work together to address industry issues’
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NewsAllianz appoints new approved repairer network to focus on green parts and EVs
The insurer aims to achieve ‘a market-leading repair proposition and high customer satisfaction’ with its new bodyshop partners
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NewsPrivate investment firm agrees to buy majority stake in Ripe Thinking
The insurtech’s leadership plan to use the investment to bolster business growth, including to branch out internationally
